Real estate & economic news highlights today: Rising input costs, planning expansion and market moves
In the real estate and housing market, several developments point to an “adjustment” happening across multiple stages. In Hanoi, some input materials are reported to have increased in price, which would push homeowners and developers to re-calculate costs and contingencies. Alongside cost planning, advisory topics also focus on functional design, including separating areas such as bathrooms and toilets to improve privacy and usability.
On the project and planning side, information from different localities continues to circulate. In Quy Nhon, details on the Nhon Hoi Economic Zone’s expansion with supporting inter-regional infrastructure suggest the role of additional land resources in supporting production and business activities. In Hanoi, an allocation of more than 6 hectares of land for social housing is mentioned for a consortium led by firms listed in the dataset. In Ho Chi Minh City, MIK Group is reported to have held a groundbreaking for the Imperia Sensa Park project on a 5-hectare site, with nearly 1,000 apartments. Other updates include Sunshine Homes purchasing land in Tay Ho Tay with an average price close to 200 million VND per square meter, while The Habitat Binh Duong issued ownership-related certification documents for residents on August 8 after an earlier handover period of six months.
At the policy and market level, discussions about rules for shared ownership and usage in apartment buildings are highlighted. HoREA’s view suggests using wording that frames “usage term of the apartment building according to the building’s construction tenure,” instead of “apartment ownership with a fixed term.” The dataset also notes arguments that time limits tied to the building’s expected lifecycle can better ensure responsibility and protect homeowners’ rights. Meanwhile, on the international side, reports indicate that Chinese buyers’ home purchases in the United States over the 12 months through March fell 37% year-on-year. Finally, capital and project execution abroad are referenced through Keppel’s move regarding its stake in Empire City in Thu Thiem.
On the project and planning side, information from different localities continues to circulate. In Quy Nhon, details on the Nhon Hoi Economic Zone’s expansion with supporting inter-regional infrastructure suggest the role of additional land resources in supporting production and business activities. In Hanoi, an allocation of more than 6 hectares of land for social housing is mentioned for a consortium led by firms listed in the dataset. In Ho Chi Minh City, MIK Group is reported to have held a groundbreaking for the Imperia Sensa Park project on a 5-hectare site, with nearly 1,000 apartments. Other updates include Sunshine Homes purchasing land in Tay Ho Tay with an average price close to 200 million VND per square meter, while The Habitat Binh Duong issued ownership-related certification documents for residents on August 8 after an earlier handover period of six months.
At the policy and market level, discussions about rules for shared ownership and usage in apartment buildings are highlighted. HoREA’s view suggests using wording that frames “usage term of the apartment building according to the building’s construction tenure,” instead of “apartment ownership with a fixed term.” The dataset also notes arguments that time limits tied to the building’s expected lifecycle can better ensure responsibility and protect homeowners’ rights. Meanwhile, on the international side, reports indicate that Chinese buyers’ home purchases in the United States over the 12 months through March fell 37% year-on-year. Finally, capital and project execution abroad are referenced through Keppel’s move regarding its stake in Empire City in Thu Thiem.