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Hanoi apartment prices draw level with HCMC
The average Hanoi apartment price matched that of HCMC last month at VND50 million (US$1,965) per square meter, according to data from property listing platform Batdongsan.
Lands priced at $7,900 per square meter on Hanoi outskirts find few takers
Land owners in Hanoi’s outlying Dong Anh District are demanding VND200 million ($7,900) per square meter for them, unusually high at the current moment according to property market insiders.
HCMC apartment rents rise by 15% as supply slumps to 15-year low
Apartment rents in most districts in HCMC increased by 5-15% last quarter as new supply fell to a 15-year low.
June 18, 2024 | 09:09 am GMT+7
Foreign companies dominate warehousing market
Foreign companies held a 75% share of the warehousing market last year, according to market research firm FiinGroup Vietnam.
June 17, 2024 | 07:00 pm GMT+7
New HCMC apartments priced at $4,000 per sq.m due to affordable supply shortage
HCMC saw few new apartment projects in the first half of 2024, with most entering the market priced at over VND100 million (US$3,930) per square meter.
June 17, 2024 | 11:45 am GMT+7
Developers' transgressions deprive 62,000 Hanoi apartments of title
Around 62,000 apartments in 206 projects in Hanoi lack title deeds due to construction or financial violations by their developers.
June 17, 2024 | 09:31 am GMT+7
HCMC architecture department wants house basements licensed as matter of course
The HCMC Department of Planning and Architecture wants the city administration to approve a policy allowing the construction of a basement in houses to meet the rising demand.
June 14, 2024 | 02:49 pm GMT+7
Hai Phong property developer expects 35% profit decline
Hoang Huy, a major property developer in the northern port city of Hai Phong, expects profits to plummet by 35% this year to VND800 billion (US$31.45 million).
June 13, 2024 | 10:19 am GMT+7
Real estate market on recovery path
The property market has seen demand, supply and prices rise this year, according to the Vietnam Association of Realtors.
June 12, 2024 | 11:31 am GMT+7
Actor couple Hyun Bin and Son Ye Jin list $5M penthouse for sale
South Korean actor Hyun Bin and his wife, actress Son Ye Jin, are selling their penthouse for 7 billion won (US$5 million), according to local media reports.
June 10, 2024 | 06:05 am GMT+7
Property acquisitions market expected to heat up in H2
The property industry will likely see more mergers and acquisitions during the second half of this year as businesses need funds to restructure debts, brokerage MB Securities has said.
June 9, 2024 | 08:30 pm GMT+7
Quiz: Which city is Asia’s busiest super-prime housing market?
The city rated as Asia’s busiest super-prime housing market saw the most residential transactions worth above US$10 million in the 12 months to March 2024, according to Knight Frank.
June 7, 2024 | 11:34 am GMT+7
Why do thousands of resettlement apartments remain unoccupied?
Flaws in land compensation policies, poor planning and construction quality are why thousands of resettlement apartments in Hanoi and HCMC remain unoccupied for years.
June 7, 2024 | 06:10 am GMT+7
How much does it cost to live in the world’s tallest building?
A one-bedroom apartment at the Burj Khalifa, the world’s tallest building, costs US$0.55-1.09 million to own or $4,085-6,810 monthly to rent.
June 6, 2024 | 12:59 pm GMT+7
13,000 apartments unoccupied in relocation projects
Over 13,000 apartments built to relocate people whose lands were acquired for public works remain unoccupied, some for 20 years, with many deteriorating badly.
June 5, 2024 | 05:55 am GMT+7
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