Developers work around foreign cap 08:00 | 05/05/2021
To meet the increasing demands of non-nationals on owning a property in Vietnam, many real estate developers are moving such buyers towards a long-lease term of 50 years instead after using up their restriction of 30 per cent of foreign ownership per project.
According to the Law on Housing 2014, foreign organisation and individual ownership of units in an apartment building may not exceed 30 per cent of total units in one apartment building.
In the event of an area with geographical boundary equivalent to ward level with many apartment buildings for sale or lease purchase, those organisations and individuals may own no more than 30 per cent of the total units of each apartment building, and not more than 30 per cent of the total units of all the apartments.
Real Estate Brokerage 101: The importance of a surveyor in acquiring a landed property [Part 1]
By Chris Nii Abbosey
18 HOURS AGO
A few years ago, I got a client who was referred to me after going through hell to acquire land previously.
He showed me one of the site plans of the land he failed to acquire even after making payments. The land was engrossed into a dispute after it emerged that he was one of three persons to have bought the same land. To make matters worse, the land which they were showed to be the land as developed in the site plan was actually in the sea. Yes! You heard me right.
Real estate developers struggle to meet targets as pandemic rears its ugly head
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Synopsis
Realtors are struggling to meet both completion and launch targets as the necessary clearances from the relevant authorities are delayed because of the localized curbs on mobility. Supply bottlenecks are also becoming increasingly evident, as is the anxiety among the hard-hatted workforce engaged in construction.
Developers believe that once supply is affected, there will be an increase in property rates.
Planning to move into your new home this summer? You may have to defer those plans due to the covid surge – and the resultant disruptions in the building business.
Seven Must Reads for the CRE Industry Today (Apr. 20, 2021) Liberal lawmakers proposed $100 billion investment into modernizing the nation’s public housing system, reports The New York Times. Baby boomers are moving closer to their children after COVID-19, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Progressives Propose Tripling Housing Commitment in Infrastructure Plan “Top liberal lawmakers unveiled legislation on Monday that would pour more than $100 billion over a decade into modernizing the public housing system and starting a transition to renewable energy, as progressives seek to prod President Biden to expand his far-reaching infrastructure plan.” (
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