HCM City condo market begins to recover Business

HCM City condo market begins to recover

Condominiums remain the best bet for people living in big cities thanks to their affordable prices, and not surprisingly the HCM City apartment market is showing signs of recovering after the slowdown caused by the Carina Plaza fire at the beginning of this year, insiders said.
Ho Chi Minh City in property boom Business

Ho Chi Minh City in property boom

The HCM City housing market will continue to grow this year, especially the 1 billion VND (44,000 USD) condo segment, the HCM City Real Estate Association (HoREA) has predicted.
Association urges real estate firms to list Business

Association urges real estate firms to list

The HCM City Real Estate Association has recommended real estate companies transform themselves into publicly listed joint-stock businesses so they are able to seek greater funding to improve business performances in 2018.
Finance Ministry backs down on VAT Business

Finance Ministry backs down on VAT

Fierce public objections about its proposal to impose value-added tax (VAT) on the transfer of land-use rights have forced the Ministry of Finance to shelve the move.
Projects in major cities go ahead Business

Projects in major cities go ahead

The HCM City Department of Construction allowed developers Quoc Cuong Gia Lai and Ha Do to sell future properties at their projects in districts 7 and 10, respectively.
Association proposes housing stimulus package Society

Association proposes housing stimulus package

The HCM City Real Estate Association has proposed the State Bank of Vietnam raise a stimulus package similar to its previous 30 trillion VND (1.3 billion USD) preferential home loan package.
HCM City authorities, housing developers at loggerheads Society

HCM City authorities, housing developers at loggerheads

While housing developers in Ho Chi Minh City are looking for occupants for over 15,000 apartments they have built, the city's authorities said more such apartments are needed to resettle people moved out of their houses for various reasons.
Mid-priced flats in vogue in HCM City Business

Mid-priced flats in vogue in HCM City

The mid-priced apartment segment in Ho Chi Minh City is developing strongly with demand and supply and liquidity all looking up, especially in the eastern part, experts said.
Tax on income from bank savings proposed Business

Tax on income from bank savings proposed

The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.