Real estate starts to recover

The domestic real estate market has become warmer as property prices have dropped sharply to suit the budget of the average buyer.

Policies to revive property market: experts

The State has offered credit packages for the local real estate market and will amend more regulations and policies to promote further recovery in the local market, noted experts.

During an online dialogue on the property market 2014: opportunities from policies held by the, the online Dien dan Doanh nghiep newspaper on April 24, Phan Thanh Mai, the general director of the Bank of Construction, stated that the local property market has shown positive development over the past few months, including financial solutions from banks – 30 trillion VND (1.41 billion USD) and 50 trillion VND stimulus packages.

Stimulus package gets new tune-up

The Vietnamese government’s continued support of stimulus packages for the property sector is expected to offer more hope to property firms and buyers this year as the market begins its early-year recovery, the Vietnam Investment Review (VIR) reported.
Apartment market in Hanoi shows signs of recovery Business

Apartment market in Hanoi shows signs of recovery

Analysts are predicting that 2014 will be a more successful year for the Vietnamese real estate market, after the year began with an increase in the number of apartment transactions.

In the first weeks of the year, several real estate transaction centres in Ha Dong and Linh Dam saw a remarkable increase in the number of customers seeking to buy apartments and houses costing from 1-2 billion VND.

Incentives sharpen social housing focus

Several real estate projects have been changed to social housing developments to provide housing for poor people and contribute to loosening difficulties in the market.

Property market warming up: Minister

The real estate sector's inventory was 94.458 trillion VND (4.48 billion USD) by December 15, 2013, registering a decrease of 26.5 percent over the first quarter of last year, according to Minister of Construction Trinh Dinh Dung.

Vietnam launches 124 social housing projects

Across the country 124 social housing projects have been implemented with a total investment of more than 30.672 trillion VND (1.442 billion USD), including 85 projects for low-income earners and 39 projects for industrial zone workers.

Few low-income earners get home loans: experts

A 30 trillion VND (nearly 1.5 billion USD) package to shore up the real estate sector was announced in mid-May this year. Some 70 percent of the package will be provided as loans to low-income earners who want to purchase houses at low interest rates of about 6 percent per year.

Revoked land used for social housing in southern hub

Ho Chi Minh City will use land revoked from suspended projects as well as State-owned land for which transfer-use permission has already been obtained to build more social housing projects, municipal officials have said.

Voters ask for efficient NA supervision

The National Assembly needs to intensify supervision over the implementation of socio-economic tasks, the fight against corruption and the settlement of social problems.
Housing stimulus needs released Business

Housing stimulus needs released

Deputy Prime Minister Hoang Trung Hai has asked commercial banks to act fast and remove impediments to disbursement of the 30 trillion VND (1.5 billion USD) housing stimulus package introduced by the government.
Social housing support package on right track Business

Social housing support package on right track

Construction Minister Trinh Dinh Dung has confirmed that the credit package worth 30 trillion VND designed to support social housing is being used appropriately and in line with Government Resolution No. 02.

Economy on right track to recovery

Vietnam 's economy is on the right track to recovery, with inflation no longer a great concern, according to Minister of Planning and Investment Bui Quang Vinh.

The minister was speaking at the regular cabinet meeting in Hanoi on June 27 to review the country's socio-economic performance during the first half of the year.

His statement was backed up with positive readings of the main macro-economic indicators released by the General Statistics Office (GSO) earlier the same day.


Low-income buyers shun social housing apartments

Commercially built apartments have become more popular with low-income buyers than social housing, as prices of the former have dropped substantially in recent years, according to real estate experts.