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FDI flows fuel growth of Vietnam’s industrial property market

FDI flows fuel growth of Vietnam’s industrial property market

As ring roads, metro lines and airport connectivity infrastructure are gradually completed in the coming years, demand for housing, industrial property, retail space and hotels is expected to expand beyond traditional urban centres.

Lawmakers debate real estate bill to shield buyers, curb price rigging

Under Article 20 of the draft Law on Real Estate Business, buyers may pay up to 70% of the contract value before receiving the property and up to 95% before obtaining an ownerhsip certificate, with the remaining 5% held in escrow or secured through another mechanism. The draft also features regulations on bank guarantees for off-plan housing.
Resolution to create fresh momentum for healthy, sustainable property market: insider

According to the Ministry of Construction, Vietnam has around 2,500 old apartment blocks and collective housing complexes built before 1994, covering about 3 million square metres of floor space, mainly in Hanoi and Ho Chi Minh City. Of these, around 196 have been classified as severely deteriorated and unsafe.

Vietnam’s property market buoyed by domestic strength, infrastructure push