A mass of reviews and inspections of real estate ventures across Ho Chi Minh City has caused a serious backlog of delays Photo: Le Toan Khai Thinh Real Estate JSC was given more than 77,000 square metres of land to develop a complex of residential area and trading centre in District 7. More than 1,700sq.m of the space, mainly set aside for road infrastructure, is in public hands, occupying 2.2 per cent of the total. Due to the lack of guidelines, Khai Thinh cannot process the scheme, perhaps for many months. Similar delays are being suffered across many projects in the city, especially those which consist partly of publicly-owned land. According to official figures released by Ho Chi Minh City Department of Construction, only 26 per cent of projects have their entire land area flagged for building residences. The rest are projects across Ho Chi Minh City which contain many different types of land, combining land for residences with land for agricultural purposes, as well as land for public facilities. Developers can be clear and issue compensation for all the land, with the exception of land in public hands, which must be put to auction. Other factors Apart from dealing… Read full this story
- Huge job growth is still driving the D-FW real estate market into 2018
- Telangana is second hottest real estate market in India
- Warren Buffett says real estate agents are 'honourable' and still make money
- Developer offering 'Afterpay' style financing for real estate with 'preposit' plan
- Top D-FW commercial real estate deals for the week of May 7
- Over 3,000 Kuwaitis own 5,700 real estate units in Sharjah
- North Texas real estate agent makes it into the Guinness Book of World Records
- Top D-FW commercial real estate deals for the week of May 14
- Healthscope's real estate assets test the pulse of emerging sector
- How can real estate in India survive in the current scenario?
City real estate in need of jumpstart have 324 words, post on www.vir.com.vn at August 20, 2019. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.