An epidemic Vietnam has no cure for: real estate fevers
By Ngoc Thuy  April 27, 2021 | 12:15 pm GMT+7
For many people, including yours truly, Vietnam’s real estate fevers have killed the dream of owning a home.
Ngoc Thuy
I intended to buy a land plot and build a house 10 years ago. Thanks to an acquaintance, I was able to acquire a 55-square-meter plot in the HCMC's outskirt district of Nha Be. The transaction took place during a land fever outbreak and therefore, I rushed to close the deal via an intermediary.
The cost for the plot was VND7-8 million ($305-350 as per current exchange ratio) per square meter and I made a deal with the broker on a handwritten paper without getting it notarized.