HANOI: The Vietnamese government, on Sunday, released a new real estate legislation with the aim to remove hindrances in the real estate market.
The resolution aims to address the imbalances in the demand and supply of real estate and focus on sustainable development.
The focus areas are institution development, social housing development and accountability through the promotion of capital sources from credit and corporate bonds.
As per the State Bank of Vietnam, as of December 31, 2022, outstanding credit related to real estate was nearly USD 33.65 billion.
Statistics by the Ministry of Finance show that as of October 28, 2022, issued corporate bonds were valued at 328.9 trillion VND, down 25.2% year-on-year, and decreased quarterly, with real estate firms making up 28.87% of the total.
To achieve the goal of revamping the real estate sector, amendments will be made to relevant laws such as the Law on Land, the Law on Housing, the Law on Real Estate Business, and the Law on Bidding.
For news and blogs, visit Graana.com
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
