News

Stamp duty is scrapped for off-the-plan apartments and townhouses up to $500,000: ACT government

The ACT government is making good on its promise of phasing out stamp duty, announcing it will abolish the property tax for off-the-plan apartment and townhouse purchases up to $500,000 from July 1.

Property market not overheated now, but MAS stays ‘highly vigilant’

The Singapore property market is not overheated right now, according to Ravi Menon, managing director of the Monetary Authority of Singapore. 

Taxing vacant property key to address speculation: Experts

A higher tax rate for land use proposed by Hanoi's authorities would naturally reduce speculation and hoarding of land resources, in turn ensuring the healthy development of the real estate market. Taxing vacant lands and properties would help generate additional revenue for the state budget to be reinvested in social infrastructure development while addressing property...

French official interested in Vietnam’s choices for development

Secretary General of the France – Vietnam Friendship Association Jean-Pierre Archambault has expressed his interest in Vietnam’s sound choices for development, which were mentioned in an article on several theoretical and practical issues on socialism and the path towards socialism in Vietnam by General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong.

WB helps Vietnam with recovery, urban governance

HCMC - The World Bank (WB) has approved two development policy operations (DPO), totaling US$321.5 million, to support the Vietnamese Government and HCMC in their efforts to improve urban management and promote a recovery that is inclusive, digitally transformative and sustainable.

New tax put forth to restrain speculation

Hanoi and Ho Chi Minh City are proposing a series of solutions to impose extra tax after a recent request from the prime minister to readjust the real estate market to limit investment flows into unused property from speculation.

Economic growth targets hard to achieve due to Covid-19 pandemic

Despite the complicated developments of the Covid-19 pandemic in the country, Vietnam's economy is still evaluated to be quite optimistic by international observers, according to information from the Ministry of Planning and Investment.

Ministry of Law refines shareholding interest criteria for listed housing developers

The Ministry of Law has made two refinements to the criteria for the exemption from the Qualifying Certificate (QC) regime for publicly listed housing developers with a “substantial connection to Singapore”.

Life sciences drive real estate deals

Life sciences hubs are driving demand for real estate as the once-niche sector expands rapidly, according to a CBRE report. The GSK site...

Danang calls for investors for three IZ projects

Danang People’s Committee is looking for the prime minister’s approval for the investment planning of three industrial zone projects representing a total investment capital sum of VND14 trillion ($608.7 million).