Deputy Prime Minister Tran Hong Ha chaired a hybrid conference on May 21 to discuss some draft decrees on the enforcement of the 2023 Law on Housing and 2023 Law on Real Estate Business.
The recently released 2024 Asia-Pacific investor intentions survey by CBRE shows that the real estate market of Vietnam ranks second among the top three preferred emerging markets, following India and preceding Thailand, in the region.
Hai Phong's property market is expected to develop strongly with support from infrastructure development, higher foreign investment and economic growth, according to Savills.
The Ministry of Construction will focus on removing legal bottlenecks for the real estate market and promoting social housing developments in the second half of this year.
Ho Chi Minh City expects to build about 35,000 social housing units with 2.5 million square metres of floor space in 2021-2025, and nearly 58,000 units with a floor space of 4.08 million square metres by 2030.
Most industrial parks in the country, including in the southern key economic zone, lack housing for workers, said Phan Van Anh, Vice President of the Vietnam General Confederation of Labour.
Housing development is of paramount importance to Ho Chi Minh City as the city’s population is expected to see an increase of one million people every five years in the 2021-35 period, according to Vo Van Hoan, vice chairman of the city People’s Committee.
Dozens of planned urban development projects on the outskirts of Hanoi have not been completed, turning into ghost towns and a source of misery for residents and investors.
The PropertyGuru Vietnam Property Awards has recognised the developers, real estate projects and designs in top-tier markets and emerging resort destinations.
French-based VINCI Construction has shown intention to invest in join infrastructure development in Ho Chi Minh City, particularly in building metros and flooding prevention works.
