The Ministry of Construction (MOC) is seeking approval from the Prime Minister for a VND65 trillion credit package as a part of socio-economic recovery in the post-Covid period.

Property projects in Quang Ninh, Bac Giang and Thanh Hoa are expected to attract northern investors in the last months of 2021 thanks to the development of infrastructure and IZs.

Real estate businesses in Ho Chi Minh City are gingerly reopening, mostly consulting and carrying out transactions online due to the COVID-19 prevention and control regulations still in force.

The pandemic and social distancing have not restrained apartment price increases. Even with VND1.5 billion, it’s difficult to buy an apartment in the Hanoi suburbs.

After Evergrande’s “debt bomb”, real estate enterprises with a reined-in outstanding loan balance and strong land bank will have a good opportunity to develop and dominate the market.

Realtors with strong financial capability are collecting land for large projects in the future.

Real estate firms are looking forward to a new document to settling legal bottlenecks which have caused the property market to come to a standstill for the last two years.

The reopening of the economy has begun with the principle ‘reopening the doors anywhere it’s safe’.

The country’s real estate market has seen positive signs for recovery following the economic reopening, experts said.

Experts believe that the huge debt of $300 billion incurred by Chinese Evergrande will have an indirect impact on Vietnam.

The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.

With a total registered capital of nearly US$1.6 billion during January-August, real estate continued to rank third among 18 sectors attracting foreign direct investment (FDI).

Despite the Covid-19 pandemic, the industrial real estate market is still bustling with many merger and acquisition (M&A) deals and an increase in new industrial land areas.

Ten years ago, wealthy people said ‘no’ to properties located far from the center of cities, but more are now moving from the crowded inner city to the suburbs, where they can enjoy fresh air and less noise.

Contrary to all predictions, the real estate market has been hot during the pandemic. People are rushing to buy apartments for fear that prices will escalate after the pandemic ends.

The long fourth Covid-19 outbreak and social distancing regulations have posed great challenges to the office leasing market.

Despite the pandemic impacting the resort, hotel and rental market, the housing and apartment segment still has projects for sale at record prices.

The Ministry of Construction said that the real estate market is under control and stable. Land prices have decreased by 10-20 percent.

Some real estate developers engage in dishonest practices: One apartment is sold to many people. Developers receive deposits and take reservations though the legal status is unclear. 

The COVID-19 pandemic has caused a slowdown in the property market but many experts believe this is only temporary and are pinning their hopes on a rebound once the virus is under control.