The People's Committee of Hanoi City, on the afternoon of April 19, held a press conference to inform about the management and use of villas built before 1954 in the city.
The Department of Construction has recently reported to the People's Committee of Ho Chi Minh City on the housing development in the first quarter of 2022 and the plans for 2021, 2022, and the period of 2021-2025. Noticeably, it includes the land fund for the construction of social housing.
HCMC People’s Committee has instructed the Department of Construction to strictly implement regulations relating to the real estate market, keep a close eye on the market and prevent land price fever and property bubbles.
Hanoi has rebuilt only 14 downgraded old apartment blocks, accounting for one percent of the total number for the last 11 years, reported the city’s Department of Construction.
The Ho Chi Minh City People’s Committee has asked relevant departments to tackle problems in granting house ownership certificates to overseas Vietnamese to encourage their investment into the real estate market.