The Ho Chi Minh City Department of Tax has sought approval from the People’s Committee to introduce a rent tax, and will start by trialling collection from apartment owners who have leased them out.
Metro Manila’s office, residential and shopping mall landlords must brace for further rise in vacancy rates and declining rental rates this year as the prolonged coronavirus (Covid-19) pandemic continues to limit economic activities
Blockades and other movement restrictions imposed to stave off the spread of Covid-19 – further fuelled by the February 20 community outbreak – have brought the construction sector to a near standstill, according to industry insiders.
The price index of condominiums for sale in Bangkok and its surroundings in the first quarter of 2021 decreased 0.8 per cent compared to the previous year, the Government Housing Bank’s Real Estate Information Centre (REIC) reported.
High- and mid-priced apartment projects continued to lead the Ho Chi Minh City (HCMC) market in terms of new supply in the first quarter, with affordable units remaining scarce, according to real estate consulting firms.
The Hanoi property market is expected to recover strongly this year thanks to positive performance in the housing segment in the first quarter (Q1), according to experts.
Sales and rental prices of condominium units logged a significant quarter-on-quarter increase in January-March, as four new projects were put up for sale in the capital.
Industrial property continues to be a hot segment for Vietnam’s real estate market with mounting enquiries as manufacturers seek to mitigate risk and diversify supply chains, according to Savills Vietnam.
Prolonged stress from the Covid-19 epidemic crushed Phnom Penh’s retail market over the first quarter of this year in terms of rental prices, occupancy rates and consumer spending, a new report obtained by The Post on April 7 revealed.
The Danang Department of Natural Resources and Environment has warned that the tricks of several property speculators could drive up land prices in the central Vietnamese city after recent announcements of adjusted master planning.