Prime Minister Pham Minh Chinh on April 10 asked relevant agencies to take in the most of people’s opinions to ensure the draft revised Land Law matches the reality, with interests of the State, people, and businesses harmonised.
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.
More foreigners are buying apartments and investing in real estate in Vietnam, especially in Ho Chi Minh City, with most of them coming from mainland China, Japan, Singapore and the Republic of Korea.
The Ministry of Construction is preparing to propose huge changes in construction regulations in order to improve the climate for construction and real estate business.
The number of foreigners buying real estate products in Vietnam has increased, but the domestic property market needs policies to attract more foreign investment, according to experts.
The Ministry of Construction has allowed the Dat Lanh Real Estate Company to temporarily apply the minimum areas of 25sq.m for its commercial apartments.
Politics
