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2023 recap: a rough year for southern land market
The southern land market remained stuck in a downtrend that started in mid-2022, with both number of transactions and prices falling dramatically in 2023.
Vinhomes to operate $1B northern urban complex in 2026
Property developer Vinhomes plans to start operating a 240-hectare urban complex at a cost of VND23.3 trillion (US$958,850) in the northern port city of Hai Phong in 2026.
Resort real estate sales fall to 10-year low
The sales of beach villas, townhouses and condotels fell to a 10-year low and inventories rose in 2023, and the situation is expected to persist through 2024.
January 3, 2024 | 05:29 am PT
People buy farmlands to build homestays as bank loans, property become cheap
With bank lending interest rates and land prices plummeting, more and more people are borrowing money to buy land in rural areas to build homestay and farmstay facilities.
January 2, 2024 | 11:59 pm PT
Struggling property firms allow early Tet leave
With little to no transactions during the holiday season, many real estate companies have let their employees take the Lunar New Year (Tet) off one month early to avoid losses on payroll.
January 2, 2024 | 02:00 am PT
Legal issues keep prime land plots undeveloped in downtown HCMC
In downtown Ho Chi Minh City, many prime land plots have remained unused for years as legal and other complications have stymied their development.
December 31, 2023 | 09:33 pm PT
Property market to rebound in mid-2024
The property market is expected to commence its rebound from mid-2024, but robust and sustained strength will not materialize until the third quarter of 2025, said experts.
December 31, 2023 | 06:14 pm PT
1,300 real estate companies close down this year
Around 1,300 real estate companies have gone bankrupt this year, an 8% increase compared to last year, according to the General Statistics Office.
December 31, 2023 | 03:08 am PT
First-time homebuyers getting younger
The majority of people who bought homes in 2023 were 27-40 years old, compared to 42-55 two years ago, a survey has found.
December 26, 2023 | 03:25 pm PT
Real estate transactions fall by more than half
In the first nine months of this year the number of successful property transactions was only 41% of last year’s, according to a Ministry of Construction report.
December 26, 2023 | 12:18 am PT
Shortage feared as property brokers lose jobs
The prolonged property market slump has cost many people their jobs, and risks causing a shortage of agents in the coming years.
December 25, 2023 | 05:02 am PT
Housing market barely budges, defying downturn expectations
Housing prices have not fallen during the current economic downturn, even going up in some segments, unlike during the 2008 recession when prices fell dramatically in some cities.
December 24, 2023 | 05:00 pm PT
HCMC apartments become smaller as prices rise
Housing developers in Ho Chi Minh City and nearby localities have been scaling down apartment sizes in recent years to make them more affordable.
December 22, 2023 | 03:09 pm PT
Two challenges face industrial property market in 2024
Lower profitability and fierce competition from neighboring countries will likely put pressure on Vietnam's industrial property market next year, according to experts.
December 22, 2023 | 02:00 am PT
Southern developers break ground on new housing projects, eye 2024 completion
Property developers in the south are starting new apartment and shophouse projects, and hope to complete them in the second half of next year.
December 21, 2023 | 02:24 am PT
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