Four- and five-star hotels to boom in Hanoi as tourism rebounds
Hanoi is unlikely to see any new three-star hotel projects in the next three years, as the market favors the upper end.
Hanoi is unlikely to see any new three-star hotel projects in the next three years, as the market favors the upper end.
The Government, ministries, and businesses are urged to implement solutions to solve existing major issues hampering the development of the real estate market.
In 2024, the housing market shows more positive signs than in 2023, but there will be differences in the timing of the recovery across segments.
Amid the difficulties in the property sector, financial and economic specialists suggest that stimulus package for the sector is unnecessary.
Much of the supply of apartments come from suburban areas, but sales remain slow because prices are comparatively high relative to incomes.
Owners of apartments to be renovated will be compensated with a property twice the size of their current home.
Banning underperforming property developers is imperative to making the property market healthier.
Foreigners can buy and own a maximum of 30% of the total number of apartments in a building, according to the draft amendment to Vietnam's Housing Law.