Buyers warned over inaccurate info regarding Long Thanh land 17:01 | 12/01/2021
Concerns have been raised on the land fever in surrounding areas of the future Long Thanh International Airport in the southern province of Dong Nai after construction started last week.
Land plots around the currently constructed Long Thanh Airport will continue to increase in value, Photo: Phan Cong
According to Tran Hien Phuong, general director of Sea Holdings JSC, some local real estate centres are using false information regarding land ownership to push up prices of land around the airport. âLand brokers have been approaching buyers via social networks and directly consulting land plot owners. Many buyers have been reported to have been caught in this trap,â Phuong said. âBuyers must be more careful because there are many false reports on projects around Long Thanh Airport.â
Developer portfolios in restructure phase 09:00 | 31/12/2020
Less affordable housing is currently leading to price hikes, photo Le Toan
According to Nguyen The Nhien, deputy general director of Hung Thinh Land, the group has had to scale down its business due to the pandemic, and is carrying out more market research into its investment strategy. âWe are changing in the three key fields of developing more affordable products, offering reasonable price, and phasing out processes of payment to clients,â Nhien said.
According to the Ministry of Construction (MoC), the structure of real estate products in the Vietnamese market now is not sustainable with less proportion of affordable products, while this is now occupying the highest demand from buyers.