COVID-19: many real estate trading floors close Business

COVID-19: many real estate trading floors close

The transaction volume on the domestic real estate market dropped to a four-year low for Q1 due to the impacts of the COVID-19 pandemic, and many real estate trading floors have temporarily closed, according to the Vietnam National Real Estate Association (VNREA).
Q1 real estate market quiet but sees no price decline Business

Q1 real estate market quiet but sees no price decline

The domestic real estate market in the first quarter of this year witnessed the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, according to the Vietnam Association of Real Estate Brokers (VARS).
Property inventories drop by 17 percent Business

Property inventories drop by 17 percent

Real estate inventories were estimated at 25.7 trillion VND (1.13 billion USD) at the end of November, according to the Housing and Real Estate Market Management Department under the Ministry of Construction.
New Hanoi railway project under fire Business

New Hanoi railway project under fire

The Hanoi People’s Committee has approved a project to upgrade the capital’s old railway station and surrounding areas into a Japanese-style modern urban depot surrounded by buildings of up to 70 stories.
Ghost month hampers real estate sales Business

Ghost month hampers real estate sales

The property market tends to stagnate in August, a normal thing for this time of the year as August coincides with the seventh lunar month, traditionally called the Ghost Month.