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Tuesday, January 21, 2025

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A year of change and hopeful prospects

The year 2024 marked a transformative period for Vietnam’s real estate market, driven by the implementation of three landmark laws related to land, housing and real estate, the improving demand, and the significant influx of foreign investment into industrial property developments. The introduction of the 2024 Land Law, the 2023 Housing Law, and the 2023 Law on Real Estate Business has ushered in a new era of legal clarity and improved regulatory frameworks. These changes aim to enhance transparency and attract domestic and foreign investors. The industrial real estate sector emerged as a standout performer, buoyed by substantial foreign investment and global supply chain shifts. However, the market faced persistent challenges, including rising property prices and a shortage of affordable housing, which have made access to low-cost homes hard for many potential homebuyers. According to property companies, these dynamics have reshaped Vietnam’s real estate landscape, offering a mix of hurdles and opportunities for developers, investors, and buyers. High-end surge, mid-range squeeze The latter half of 2024 saw Vietnam’s housing market recover, fueled by an influx of new high-end apartment projects. However, this luxury boom has widened the affordability gap, according to Avison Young Vietnam. In HCMC, the market was dominated […]
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Bracing for a new cycle

The real estate market in 2025 will facing a transformative phase as newly enacted laws bring opportunities and challenges. While stricter regulations enhance consumer...

Concerns over rent rise

The growing supply of industrial real estate in Vietnam has fueled expansion across various industries. However, the recently announced land price list has raised...

HCMC proposes incentives to boost affordable housing

HCMC – The HCMC Department of Construction has submitted a draft resolution to the city’s People’s Committee, proposing measures to accelerate affordable housing projects...

Housing prices rise despite higher supply

HCMC – Housing prices in some Vietnamese provinces and cities have climbed, even with a rise in supply in the third quarter of 2024. The...

HCMC’s new land price list takes effect Thursday

HCMC – A new land price framework will come into force on Thursday, October 31, affecting taxes and fees related to land use across...

Market heating up

The property markets in Hanoi and HCMC are experiencing a surge in activity, with growth seen across the retail, condominium, and office segments. New...

Growth target within reach

Vietnam’s economic growth target of 6-6.5% for 2024 appears achievable, but challenges remain, particularly for the corporate sector. Gross domestic product (GDP) growth in the...

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