November 30, 2009
LookAtVietnam – Just days after the Ministry of Construction (MOC) issued the decision that apartments cannot be used as offices, office rents have skyrocketed. MOC, in its latest decree for six big cities, stipulates that the use of apartments as business offices is illegal and unsafe. MOC maintains that offices in residential quarters affect the [...]
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September 18, 2009
LookAtVietnam – Many real estate owners are trying to sell off their assets in order to avoid paying the 25 percent personal income tax (PIT). The Ministry of Finance has released Circular 161 on imposing the 25% PIT on the profit people get from real estate assignments, meaning the margin between sale and purchase prices. Analysts [...]
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August 26, 2009
LookAtVietnam – While the apartment market remains very quiet because of low demand, houses priced at below 2 billion dong have been selling very well. Local newspaper VNExpress reporters, acting as house buyers, went to several real estate trading floors in Hanoi to purchase houses which have the value of less than one billion dong. [...]
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March 27, 2009
Experts firmly believe that unprofessional real estate brokers will be eliminated from the market in the time to come due to the fierce competition on the market. Real estate brokerage is believed to have a lot of opportunities for development and play a very big role in helping make the real estate market healthy. However, [...]
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March 13, 2009
The construction cost of apartments is believed to be as low as VND 4 million per square metre. However, the sale prices of the apartments are always three or four times higher than the original prices. Lan, the owner of an apartment at the CT5 bloc of Song Da My Dinh project is seeking the [...]
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