- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
In the first nine months of 2024, Ho Chi Minh City's real estate market witnessed the establishment of over 1,000 new businesses and recorded 1,600 property transactions, signaling a positive recovery trend.
The National Assembly Standing Committee has submitted a pilot project on commercial housing through land use rights agreements for National Assembly consideration, aiming to unlock resources.
Assoc. Prof. Dr. Tran Kim Chung, former Deputy Director of the Central Institute for Economic Management, states that the 1987 Land Law laid the groundwork for the development of the real estate market.
Amid the challenges facing Vietnam’s real estate market, the addition of a Draft Resolution piloting commercial housing projects brings renewed hope to citizens and promises to boost economic development.
The social housing loan package, originally valued at VND 120 trillion, has been raised to VND 145 trillion with the participation of nine banks, drawing attention from businesses and consumers.
When the real estate sector enters a recession cycle, businesses in the industry face significant challenges.
According to the Ministry of Construction, to address the issue of abandoned real estate projects, a comprehensive approach is needed, ranging from planning management to repurposing, to ensure sustainable development.
In the first nine months of 2024, Vietnam's real estate market has shown positive signs of recovery, with several companies recording impressive profit margins.
FDI investment has a profound impact on Vietnam's real estate market, especially during the first 9 months of 2024.
Real estate credit is recovering slowly but is expected to grow rapidly thanks to low interest rates and more favorable supply. However, high house prices and low liquidity remain major challenges for buyers and investors.
Apartment prices continue to rise sharply, increasingly out of reach for workers' incomes. This gap not only creates significant financial pressure but also makes homeownership increasingly difficult for the majority of people.
Cash flow real estate has become an investment trend in 2024 due to its stable profitability from leasing and business operations. Interest in this type of real estate demonstrates the demand for sustainable profits in an uncertain economic context.
In the context of the changing real estate market alongside new legal regulations, understanding the Real Estate Business Law is a crucial factor for businesses and investors to seize opportunities and prepare well for the new cycle.
Dr. Tran Xuan Luong believes that real estate businesses that lack resources and strategy will certainly struggle to survive in the current competitive environment.
Financial revenue in the second quarter of 2024 has been an important bright spot, helping many real estate businesses maintain positive profits despite challenges from their core business activities, contributing to their financial stability.
Suburban apartments are increasingly favored in large cities due to the rapid development of these areas. This not only opens up many opportunities for the real estate market but also meets the housing needs of urban residents.
Resort real estate can overcome the "dark zone" by enhancing customer experience, maintaining and upgrading infrastructure, developing diverse amenities, and implementing effective marketing strategies.
This information was presented at the seminar "Rental real estate business: Legal and practical issues" organized by the Vietnam Lawyers Journal on July 5 in Hanoi.
With transparency, honesty, and professionalism, journalism has significantly contributed to a more transparent and stable real estate market.
In the real estate market, there has been a trend of increasing land prices close to the general market value. This price increase brings challenges for businesses, especially those heavily dependent on real estate.