The domestic real estate market is evolving in a progressively positive direction, as evidenced by numerous businesses striving to resolve lingering issues from the previous phase.

The Department of Construction of Hung Yen province has issued a document to Vinhomes JSC, confirming the approval for foreign organisations and individuals to own residential properties in two Vinhomes projects.

The Vietnamese capital city of Hanoi recorded the highest office yield in the world for the second half of 2018, with a market yield of 8.57 percent, according to the Savills World Office Yield Spectrum.

‘Smart homes’ are becoming a new trend in Vietnam’s housing market, however experts say that standards for ‘smart’ projects are needed.

The new restriction on banks of using only 40 percent of their short-term deposits for long and medium-term loans should not take effect next year, the Ho Chi Minh City Real Estate Association (HoREA) has said.

Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest real estate owners in Vietnam so far, according to a survey recently announced by the CBRE Vietnam.

Giant property developer Novaland Group has launched a new project called Victoria Village in Ho Chi Minh City’s District 2.

Vietnam’s strong economic growth since 2015 has pushed the domestic property market into a thriving and stable development period, said President of the Vietnam National Real Estate Association (VNREA) Nguyen Tran Nam.

The high-end property segment in Ho Chi Minh City is experiencing a lull, with supply exceeding demand whilst cheap apartments and land lots priced around 1 billion VND (44,000 USD) are in high demand, mostly from graduates and newlyweds.

The second 2017 Vietbuild International Exhibition, one of the most prestigious real estate and furnishing fairs in Vietnam, began in Ho Chi Minh City on September 27.

The massive stimulus package of 30 trillion VND, introduced in 2013 to encourage social housing development in Vietnam and revitalise the listless real estate sector, has been entirely disbursed.

More than 750 foreigners have received certificates of home ownership in Vietnam since the Housing Law 2014 took effect, according to the Ministry of Construction.