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Young people increasingly willing to incur debts to buy homes

Young people increasingly willing to incur debts to buy homes

Thuy Linh, 29, bought an apartment in Hanoi valued at VND2.7 billion (US$106,000) with a VND200 million down payment.
Property industry among drivers of bank credit growth in Q1

Property industry among drivers of bank credit growth in Q1

Banks’ credit growth last quarter of 0.9% was driven by property, wholesale and retail, and science and technology.
May 8, 2024 | 02:53 am PT
Hong Kong apartments 12 times pricier than in Hanoi

Hong Kong apartments 12 times pricier than in Hanoi

The average price of apartments in Hong Kong is US$25,802 per square meter, the highest in Asia, while in Hanoi it is $2,068, according to Global Property Guide.
May 5, 2024 | 11:18 pm PT
No one will buy a 100-square-meter apartment for $275,000

No one will buy a 100-square-meter apartment for $275,000

People in my apartment building often boast that their 100-square-meter units have appreciated to VND5-7 billion (US$196,700-275,100), but I am sure no one will buy them at those prices.
April 25, 2024 | 05:30 pm PT
Leaving my apartment for a house changed my life

Leaving my apartment for a house changed my life

My life has been much better after I escaped the elevator queue and the long walk to get to the car park that came with my previous apartment.
March 7, 2024 | 12:32 am PT
Housing market to see more competition in 2024

Housing market to see more competition in 2024

Housing developers will launch lots of new apartment projects and sales promotions this year, making the market more competitive, according to real estate experts.
February 18, 2024 | 03:00 pm PT
Townhouse prices fall across Vietnam

Townhouse prices fall across Vietnam

Townhouse prices declined by 10-14% across the country last year, according to the Ministry of Construction.
January 14, 2024 | 05:40 pm PT
Housing market barely budges, defying downturn expectations

Housing market barely budges, defying downturn expectations

Housing prices have not fallen during the current economic downturn, even going up in some segments, unlike during the 2008 recession when prices fell dramatically in some cities.
December 24, 2023 | 05:00 pm PT
Promotions galore as housing developers seek to revive demand

Promotions galore as housing developers seek to revive demand

It is raining discounts and freebies in the HCMC housing market as developers try to lure buyers.
November 10, 2023 | 12:01 am PT
China Evergrande granted final reprieve as winding-up hearing adjourned

China Evergrande granted final reprieve as winding-up hearing adjourned

A hearing on Monday to wind up China Evergrande Group was adjourned until Dec. 4, with a Hong Kong High Court judge giving the world's most indebted property developer one last chance to come up with a restructuring plan or face liquidation.
October 30, 2023 | 12:11 am PT
Australia's tight rental market forces tenants to make tough choices

Australia's tight rental market forces tenants to make tough choices

Australia's red-hot rental housing market, supercharged by record migration and a chronic supply shortage, could be reaching a breaking point for affordability as tenants grapple with rising costs of living.
October 29, 2023 | 11:54 pm PT
US mortgage rates soar to highest in more than 23 years

US mortgage rates soar to highest in more than 23 years

The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000, marking its seventh straight weekly increase and driving mortgage applications to a 28-year low, a survey showed on Wednesday.
October 25, 2023 | 06:19 pm PT
Real estate liquidity falls in 6 months

Real estate liquidity falls in 6 months

The real estate market has so far this year seen weak liquidity due to various reasons, including low confidence of buyers, according to experts.
June 15, 2023 | 07:57 pm PT
HCMC home price 32.5 times household income

HCMC home price 32.5 times household income

The median home price in Ho Chi Minh City is 32.5 times that of a local median annual household income, making it the second least affordable property market in Asia-Pacific, a report has found.
June 8, 2023 | 03:15 pm PT
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