Weekly Vietnam Property News (14 – 21/11/2020)
Property News: The real estate market has recovered strongly with many positive signals
The Ministry of Construction said that despite experiencing the Covid-19 wave 2 times but based on the evaluation of macro factors as well as specific market indicators, the real estate market in the third quarter of 2020 is gradually recovering and developing.
The Ministry of Construction has just announced the report on the real estate market in the third quarter of 2020. Accordingly, the report stated that despite many difficulties, the housing sector and the real estate market in general still recorded positive points and significant indicators.
A number of solutions, mechanisms, and policies on the housing and real estate market are proposed and issued from the end of 2019 and early 2020 to take effect and take effect (such as the revised Law on Investment. 2020, the revised Construction Law 2020, Decree 25/2020 / ND-CP, a series of circulars, technical regulations and standards issued by the Ministry of Construction …).
In general, the real estate business across the country has progressed better, more vibrant, and has shown positive and positive signs. Towards the end of the year, the market shows strong signs of recovery.
Property News: Ho Chi Minh City accelerates the progress of key urban development projects
In addition to completing and effectively exploiting many projects, the city is also trying to solve many tasks to speed up the progress of projects as planned, soon complete the urban face.
To meet the needs of modern, large-scale urban development, Ho Chi Minh City is planned and is implementing many new urban projects in the vicinity and inter-region.
In addition to completing and effectively exploiting many projects, the city is also trying to solve many tasks to speed up the progress of projects as planned, soon improve the face of the city, effectively exploit efficiency of resources as well as ensuring the rights and improving the quality of life of the people.
Property News: Many real estate projects are about to restart
Recently, Ho Chi Minh City Real Estate Association (HoREA) said that real estate prices in Ho Chi Minh City increased unprecedentedly. Only in the first 6 months of 2020, the apartment market has set up a new price level, an average increase of 10 – 15%, in some places an increase of 30-40% compared to the same period in 2019, especially apartments in in District 2, District 9 …
The reason is said that the supply of new projects recently in Ho Chi Minh City is quite scarce because most of the projects are reviewed for a long time, while the demand for housing is still high, the need to invest in real estate HCM City real estate group of foreign investors increased sharply.
Real estate experts forecast that in the fourth quarter of 2020, the apartment market in Ho Chi Minh City will receive about 7,000 apartments.
Currently, the apartment market in Ho Chi Minh City started to increase strongly in new supply compared to the previous quarter. Many experts believe that the market in 2020 will look forward to the fourth quarter of this year when the disease is well controlled.
In fact, the real estate market in Ho Chi Minh City in recent days has started to flourish again with many launch projects open for sale at the end of the year, even the markets in the suburbs of Ho Chi Minh City are going quite exciting. activities, and also the main source of supply to the market.
In addition, a number of positive macro factors are also supporting future demand in the real estate market. Housing products will become attractive short-term investments for many groups of investors.
In fact, the real estate market in Ho Chi Minh City in recent days has started to flourish again with many launch projects open for sale at the end of the year, even in the suburbs of HCMC that are taking place. quite active, and also the main source of supply to the market.
Compiled from many sources by LOOKOFFICE
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