Ngo Viet Nam Son, a respected architect, said Thu Duc City needs methodical planning to avoid becoming just a huge real estate project.

The news about the establishment of Thu Duc City has pushed up land and house prices in the eastern part of HCM City.

With the economy been hit hard by Covid-19, the HCM City real estate sector has been facing difficulties. However, there are still bright spots.

HCM City is expanding in the eastern and western parts of the city with more high-quality living spaces being built.

According to the Ministry of Construction (MOC), the purchase and sale of condotels must observe the laws on real estate because condotels are considered a kind of construction work.

Many buildings up for sale cannot find buyers.

The monthly pay to chairs of state-owned economic groups is up to VND86.4 million a month, but the salary of managers of joint stock companies where the state holds a controlling stake is up to VND151.2 million a month.

A high number of businesses in the real estate sector are developers of 'clinically dead' projects, or projects that have disputes with clients.

Economic and political reasons are major factors that make Vietnam a bright market.

Though difficulties caused by COVID-19 were reflected in the business results of listed realty firms, experts are still optimistic about the market. ​

Inventories in the real estate market have been on the decrease thanks to increasing liquidity, according to the Ministry of Construction (MoC).

The Ministry of Construction (MOC) reported a 46.7 percent decrease in the number of tourism and resort real estate projects in Q3 in comparison with Q2 this year.

The recent trend of transferring sub-projects to other developers in large-scale real estate complexes is considered one of the efficient ways to bring many benefits to developers, investors, and buyers.

The HCM City Real Estate Association (HOREA) has proposed amending the Housing Law and 2014 Law on Real Estate Business to recognize short-term leasing of apartments as a legal business.

A lot of real estate traders have missed opportunities to make huge profits because they decided to postpone purchasing plans, hoping that prices would decrease further.

Local authorities have been asked to carefully consider the granting of new licenses to projects with condotels, following many problems that have been discovered.

The Da Nang land market has been in a crisis for many reasons.

When information about huge investment projects is spread among the public, land prices often soar by three or four times.

The Prime Minister has assigned the Ministry of Natural Resources and Environment and Hanoi authorities to check reports in local newspapers about 300 pending or abandoned real estate projects in the city.

Investors have been invited to contribute capital to real estate projects and enjoy a profit of 36 percent per annum, and have also been persuaded to buy corporate bonds at a high interest rate of 18 percent per annum.