An annual report released by the Ministry of Construction (MoC) at a press conference on Monday showed housing prices in the two mảo cities Hanoi and Ho Chi Minh (HCMC) rose slightly in the third quarter (Q3) of this year.

A recent survey conducted by KB Financial Group Research Institute on 400 South Korean billionaires showed Vietnam is the most preferred country for real estate investments.

According to Deputy Minister of Construction Nguyen Viet Sinh, Vietnam will have at least 3 smart cities in 3 key economic regions: North, Central and South. Thus, by the next 6 years, Hanoi, Da Nang and Ho Chi Minh City will become smart cities.

The trade war between the United States and China has turned real estate investors' interest to Southeast Asian countries, in which the Vietnamese industrial market emerges as a bright spot in the region.

The asking prices of apartments in both central and non-central districts of Hanoi are 20-40% lower than ones in Ho Chi Minh City (HCMC), according to data by Batdongsan.com.vn.

On October 15, Batdongsan.com.vn released Hanoi Real Estate Market Report for Q3/2019, reporting that the asking price and growth rate of Hanoi market are lower than that of Ho Chi Minh City.

According to Batdongsan.com.vn’s real estate market Q3-2019, Ho Chi Minh City’s District 1 saw the highest housing listing prices in the third quarter due to limited supply.

The constantly increasing number of new real estate projects which have been implemented in the Mekong Delta region has led to the rising land price and strong fluctuation in the local property market.

According to Batdongsan.com.vn’s real estate market report, the third quarter (Q3) of 2019 continued to witness the excitement of many Northern provincial markets. The number of listings and the interest level of users in these provinces and cities have increased sharply.

Asking price of apartments in Ho Chi Minh City (HCMC) rose by 11.8 percent on average in the third quarter (Q3) of 2019, while rents increased by only 5.4 percent.

In the third quarter (Q3) of this year, Ho Chi Minh City (HCMC) saw no new supply of affordable housing entering the market. Low profit margin has made this segment unattractive to housing developers.

[Having appointment with real estate experts #5] While buying a home is quite easy for high-income households, it is another story for the middle-class. With a wise and specific financial plan, the chances of owning a home can still lie within reach even if an average income.

The low supply of traditional office space expanding in central districts of Ho Chi Minh City (HCMC) has lead to the growth of coworking spaces, or flexible office spaces there.

In the third quarter of 2019, condotel and resort villa market saw both supply and consumption falling by double digits since the ‘Ghost month’ made investors hesitate.

Authorities of the Northern province Lang Son has requested VND3.16 trillion ($136 million) from the government to build the Chi Lang-Huu Nghi Expressway.

Real estate insiders and experts said it is essential to develop strict penalties to combat those operating fraudulent property businesses to protect the legitimate rights of consumers and legitimate enterprises.

According to Batdongsan.com.vn’s real estate market report for the third quarter (Q3) of 2019, besides the attraction of traditional markets, resort real estate segment is witnessing the rise of emerging markets. Notably, Hanoi investors overwhelmed in term of the number of searches for resort real estate on the website.

Government of Central province Khanh Hoa has just asked a property developer to terminate 20 contracts selling apartments to foreigners as the sale was unauthorized.

Prime Minister Nguyen Xuan Phuc has just asked the Ministry of Construction (MoC) to promulgate regulations on amendments and supplements to construction standards and rules for condominiums, condotels, resort villas, officetels and rooms for rent.