Land sales in HCM City dropSales of land plots have decreased significantly in HCM City in the last 10 days in districts 2, 9 and Thu Duc, where so-called land fever had broken out over the last few months. In addition, sales of land plots in the city’s districts 12, Binh Tan and Binh Chanh have declined recently. The Government decision that has made it more difficult to divide land for sale has also contributed to the decline in land sales, according to Viet. Investors have become cautious in buying big land plots to divide land for sale to secondary buyers. Nguyen Van Trung, a broker in Binh Thanh District, told Viet Nam News: “Land prices have increased over the last decade, especially in recent years.

Source: VietNamNet News June 08, 2018 07:03 UTC