Real estate in vietnam

Apartment in hochiminh / HCM City has 300 new cars per day.

According to the city’s social-economic report of the first quarter 2013, more than 104,000 new vehicles, including over 26,000 cars, were registered during this period. On average, the city had nearly 300 newly-registered cars per day.

The number of newly-registered vehicles in this period grew nearly 16 percent over the same period of 2012, with the highest rate for cars. The number of new cars registered in the first quarter 2013 is higher than the entire number registered in 2012.

With the dramatic increase in the number of vehicles, by the end of March 2013, the total number of motored vehicles in HCM City surpassed six million units, including nearly 547,000 cars and nearly 5.519 million motorcycles.

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According to a report on the program for reducing traffic congestion in the first quarter 2013, the city did not have any case of congestion that is over 30 minutes long. However, the local authorities acknowledged the result is unsustainable because the number of personal vehicles and especially cars has increased too quickly, causing further overload to the urban transport system.

Statistics of the HCM City Road Traffic Police Department show that in just 10 years (2000-2010), the number of motored vehicles in the city increased almost three folds, from 1.7 million units in early 2000 to more than 4.8 million units in early 2010.

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By the end of 2011, the total number of vehicles in the city was nearly 5.524 million

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of which there were more than 494,000 cars. By the end of November 2012, the number reached over 5.899 million units, with nearly 515,000 cars. And by the end of March 2013, it officially surpassed six million units.

Motorcycles or cars should be restricted?

The pressure from rapid growth of vehicles is a huge burden for urban infrastructure of HCM City. Many experts have warned of serious congestion in the city in the time to come, caused by private cars, the vehicle that occupies large space on the road but is very limited in the number of people transported.

This warning is reasonable as most roads in HCM City are small ones, which are unsuitable for cars. Cars use the space that is 3-5 times more than the motorcycle. Also, in HCM City, the growth rate of cars is much higher than that of motorcycles.

Prof. Dr. Pham Xuan Mai, from the Institute for Transport Development Strategy, conducted a survey in HCM City, with up to 60 percent of the respondents supporting restriction of private cars in five major cities (Hanoi, HCM City, Hai Phong, Da Nang, Can Tho). Some 51 percent of the respondents said that cars should be limited first and only 25 percent recommended limiting motorcycles first.

According to Thao, the city has identified a range of solutions, including the review of housing supply and demand to restructure the market, policies to stimulate housing demand and create conditions for those in need with access to housing funds and bank loans at low interest rates, and supporting and removing obstacles for property enterprises, especially bad debts.

Minister of Construction Trinh Dinh Dung said there are differences between the Ho Chi Minh City and Hanoi property markets.

They include slower market freeze, fewer but larger scale projects, lower number of small- and medium-sized enterprises involved in the market, less property debt and higher housing prices.

To remove difficulties, he suggested the city should review housing and new urban area development plans, categorise housing and property projects, and halt developments that do not have a cleared site or match localities building plans.

The city should adjust the structure of unsold apartments and incomplete projects to meet peoples demand and budget, he added.

According to the minister, it is also necessary to strengthen administrative procedure reforms.

Meanwhile, Finance Minister Vuong Dinh Hue and Natural Resources and Environment Minister Nguyen Minh Quang said that apart from the development and selling of social housing, leasing should be considered.

House for rent in Hanoi

Speaking highly of Hanois measures to ease the citys property market, Dung said Hanoi should build a financial institution to support the market.

He also asked the city to formulate policies that will encourage and stimulate the demand for housing, and ensure people on low incomes are able to buy or rent homes at affordable prices.

The city should strengthen administrative reforms, simplify procedures in property transactions, and enhance the inspection of the implementation of legal documents on land, housing investment and development, and property trading.

Restructuring the products to meet market demand, lowering prices and providing the products direct to people in need are further areas the city should focus on, Dung

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The PM requested the State Bank of Vietnam to propose suitable measures to offer loans to people in order to buy social housing, as well as deal with bad debt and mortgages.

He also asked ministries, agencies and Hanois authorities to increase the transparency of information regarding the property market, and implement measures to remove obstacles to warm up the market and make it healthier for sustainable development in the coming time.

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About 75m2 and located on 5th floor. This nice serviced apartment has 02 bedrooms with suitable arrangement, soft blanket and thick mattress and wooden floor. The lovely living room has original decoration and tiles floor, nice arrangement and big white sofa. It also has a new kitchen hook with dining table, wooden cabinet and full of kitchen equipments. 02 shiny bathrooms with bathtub. Good location, many foreigners, many restaurants, easy to go to the center of Hanoi, near market, supermarket, restaurant, school, hospital…

Odd houses in Hanoi

Narrow and crooked houses in Hanoi are considered “urban waste”. Though the local government has banned the construction of such houses, they are mushrooming along newly built roads in the capital city.

In early 2003, the first narrow and crooked houses grew along the new road of Dao Tan. Their weird shapes immediately caught public attention .

Nowadays, Hanoians are no longer surprised by such houses because they have appeared on many new roads, for