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Vietnamese vaccination center shut down as customers contract COVID-19
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Land ‘fever’ starts to break, prices expected to move sideways
By Trung Tin, Duc Minh May 1, 2021 | 06:00 pm GMT+7
‘Land for sale’ in Hon Quan District in the southern province of Binh Phuoc in February 2021. Photo by VnExpress/Phuoc Tuan.
Land prices are showing signs of cooling down in both the south and north following months of intense speculation.
According to a recent survey by
VnExpress, land prices in five districts of Binh Chanh, Nha Be, Hoc Mon, Cu Chi, and Can Gio in HCMC, have been moving sideways for the last four weeks or so after increasing by 3-20 percent in the first quarter.
Hanoi developments induce delay fluster 14:00 | 28/04/2021
Several inner-city districts in Hanoi are facing major re-zoning activities over the next few years
So far this year a raft of initiatives in Hanoi have been revealed which could drastically change the landscape of the capital, from a zoning plan for four inner-city districts, Red River subdivision and bridge-building, and at least one smart city venture in the north of the city.
At the same time, across the country as a whole, land fever has swept cities and some rural areas after long-term plans were announced of possible new airport locations, causing people to frantically seek out deals, both officially and unofficially.
Wednesday, 13:06, 07/04/2021
Surging demand, the resolution of legal hurdles and the gradual containment of the COVID-19 pandemic make the real estate industry sanguine about 2021.
The Vietnam Real Estate Brokerage Association assured that legal bottlenecks faced by property projects would continue to be resolved, and apartment supply would increase sharply from 2020.
Su Ngoc Khuong, a senior executive at Savills Vietnam, said the pandemic had weakened demand and frozen the market in early 2020.
The Government had since taken a number of measures to address the difficulties, including promulgation of legal regulations for condotels, he said.
In 2021, it would be set to remove difficulties faced by the market by amending the Land Law, Construction Law and Investment Law.
HCM City s real estate market to look up this year: experts
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