The awards were launched by the Vietnam Real Estate Association (VNREA), the Management Agency for Housing and Real Estate Market under the Ministry of Construction and the VTV24 news centre.
Speaking at the award ceremony, Deputy Prime Minister Trinh Dinh Dung said after a period of decline, the real estate market has recovered and developed strongly with high liquidity and reasonable structure, helping modernise urban areas.
Particularly, the increasing areas of social housing projects have created accommodations for nearly 500,000 low-income people and workers at industrial parks, he said.
The awards encouraged domestic businesses to enhance corporate social responsibility, competitiveness and develop trademark to meet international standards, he added.
To ensure sustainable and healthy development, it is necessary to improve relevant institutions, revise and supplement terms of the laws on construction, housing, and real estate business, and build a law on urban management and development to create a legal corridor and favourable environment for property investment and development, Dung said.
Planning schemes on urban development should be revised to avoid spontaneous investment, he said, adding that the development of social housing projects is needed to ensure all people could afford safe and quality accommodation.
According to VNREA President Nguyen Tran Nam, after four months of launching, hundreds of businesses registered to join the competition - which was divided into eight categories, including prestigious real estate developer (11 awards), best urban area (6 awards), best resort development (5 awards), best office building for rent and shopping mall (3 awards), best residential area (10 awards), best green building (6 awards), best real estate transaction floor (7 awards) and best social housing project (6 awards).
Vingroup, Sun Group, and FLC Group were among the winners of the prestigious real estate developer awards, while the best urban projects were Ecopark, Phu My Hung (Ho Chi Minh City), Phu Long – Dragon City (HCM City), Ciputra – Udic (Hanoi), Lakeview City (HCM City), and Vinhomes Riverside (Hanoi).
The best resort development awards went to FLC Quy Nhon Beach & Golf Resort (Binh Dinh province), Premier Village Da Nang Resort, Novotel Phu Quoc Resort-Novotel Villas (Kien Giang province), Silk Path Sa Pa Resort & Spa (Lao Cai province), and Flamingo Dai Lai Resort (Vinh Phuc province).
The Eurowindow Office Building and Vincom Centre in Hanoi and HCM City-based Cantavil Premier won the best office building for rent and shopping mall awards.
In 2017, the real estate market in Vietnam saw positive changes in all segments. In the capital city of Hanoi and the southern economic hub of Ho Chi Minh City alone, there were 64,263 successful deals. A range of new products such as condotel, officetel and hometel were developed, making the real estate market in the Southeast Asian country more attractive.
