Thousands of apartments in Ho Chi Minh City under state management have been left deserted for years. After many years, these apartments deteriorated, wasting thousands of billions of Vietnamese dong.

A flight to quality will remain a key theme in the HCM City office market in 2023 as both foreign and domestic companies are setting ambitious net-zero targets to comply with environmental, social and corporate governance (ESG) regulations.

Collecting information about land prices from successful transactions provides the basis for determining land prices in HCM City. However, the method has not been reliable.

Ho Chi Minh City is determined to remove bottlenecks for the development of the real estate market.

The HCM City government has instructed the Department of Construction to resolve the problems faced by 116 real estate projects, mostly legal bottlenecks, a demand made by the HCM City Real Estate Association (HoREA).

Affordable housing projects have turned into high-end projects in HCM City’s real estate market, experts said.