Expect to overcome the situation of creating virtual prices
Three important amended laws on real estate including the Land Law, Housing Law, and Real Estate Business Law have taken effect from August 1, 2024.
According to Dr. Nguyen Van Dinh - Vice Chairman of the Vietnam Real Estate Association - when the laws take effect, businesses will not be able to catch the enemy with their bare hands, and developing projects will be much more difficult. “Investors must be real and play real. Catching waves and virtual surfing will not be possible when the new legal regulations take effect," Mr. Dinh said.
Mr. Vuong Duy Dung - Deputy Director of the Department of Housing and Real Estate Market Management (Ministry of Construction) - said that the Law has many new regulations to create conditions for organizations and individuals to participate in the common market.
“The most important thing is that market information must be publicly announced on the website system of authorities such as the Ministry of Construction or enterprise websites. At that time, subjects can consult and the operations of the trading floors will also be transparent," Mr. Dung said.
Mr. Dung added that thanks to the public housing information system, stories of inflated prices and virtual prices will be overcome, and price information will be transparent.
Quickly access the desired project
After many years of marriage, Mr. Nguyen Van Ut - a sales employee (Ninh Kieu district, Can Tho city) - is planning to buy a house to live on his own. However, both husband and wife have not yet found a place suitable for their family's finances because the market for land and apartments, especially in central locations, is currently quite high.
“Whether it's an apartment or a plot of land, it far exceeds the family's savings. We intended to borrow from the bank but stopped because we were afraid we wouldn't be able to manage the interest rate after the preferential period ended," Mr. Ut confided.
Therefore, Mr. Ut is hoping that when new laws related to real estate take effect and the transaction market is transparent and open, he can be more proactive in accessing the desired housing projects. with suitable price.
There is a need to change houses to make family living more comfortable, but for nearly a year, Ms. Nguyen Ngoc Ngan - customer service officer (Ninh Kieu district, Can Tho city) - still does not have a suitable apartment. The reason is because the reference apartments are priced higher than the family budget of 800,000 million - 1 billion VND.
“Although housing projects are linked with banks to provide low-interest loans to facilitate customer access, the preferential period is limited. In addition, the selling prices of projects are also at a high level, so I plan to wait a while longer, hoping that the new real estate laws applied will help the market be public, clear about prices, and informed. product information so I can soon find suitable housing products," Ms. Ngan shared.
According to Can Tho City Real Estate Association (CaREA), land prices in 2024 in the Mekong Delta will almost remain the same. The apartment segment is mainly developed in Can Tho City, with an increase of 5-6% in the first 6 months of 2024. CaREA forecasts that in the last 6 months of the year, demand will still focus on the apartment segment with real housing needs, at appropriate prices. The apartment segment will remain stable and may increase by 5-7%, land plots will also start to increase by 8-10% compared to the first 6 months of the year.
