Hanoi’s real estate market in the fourth quarter of 2022 saw a better performance in the serviced apartment segment than in apartments sales, according to the Savills’ report on the Hanoi property market released on January 10.
The management and use of resettlement housing projects in Hanoi must be improved through the coordination of various state agencies, according to the municipal People’s Committee.
Mixed opinions have arisen around the Ministry of Construction’s proposal of setting limited terms for apartment ownership, which were repeated in the latest draft amendments to the Law on Housing.
The Ministry of Construction (MoC) has proposed controlling the bond issuance activities of real estate enterprises but not tightening investment in real estate bonds, Nguyen Manh Khoi, Deputy Director of MoC's Housing and Market Management Department, said at the monthly press conference held on June 13.
Two 12-storey dormitories for factory workers are under development in Thu Duc City, Ho Chi Minh City, capable of accommodating more than 1,000 people.
The resumption of international flights and the borders reopening in March will not only benefit Vietnam’s hospitality sector but also drive demand for serviced apartments, according to Savills Vietnam.
The luxury and mid-priced apartment segments will continue to lead the market in 2022, while affordable apartments will remain scarce, according to property consultant DKRA Vietnam Joint Stock Company.
Around 26,000 apartment units are expected to be launched in Hanoi in 2022, signaling a vibrant outlook for the segment, according to real estate service provider Cushman & Wakefield (C&W) Vietnam.
The People’s Court of Hanoi on December 21 sentenced two Chinese nationals, Guo Long and Chi Jun Hua, to eight years and six months, and seven years in prison, respectively, for organising illegal stay in Vienam for foreigners, under Clause 3 of Article 348 in the 2015 Penal Code.
A street mural project has been recently launched in Ho Chi Minh City to honour street artists and give old apartment blocks in the southern hub a facelift.
The primary prices of apartments are likely to increase about 5 – 7 percent annually over the next three years due to higher product positioning and expectations for more launches of high-end apartments in prime and central locations, according to CBRE Vietnam.
The Hanoi People's Committee has just submitted a report to the municipal People’s Council for approving in principal a project to upgrade and rebuild old apartment buildings in the capital city.
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