{"id":12582,"date":"2025-02-10T11:27:10","date_gmt":"2025-02-10T04:27:10","guid":{"rendered":"https:\/\/www.phfm.vn\/?p=12582"},"modified":"2025-02-10T11:33:43","modified_gmt":"2025-02-10T04:33:43","slug":"nganh-bat-dong-san-goc-nhin-ve-su-thay-doi-phap-ly","status":"publish","type":"post","link":"https:\/\/www.phfm.vn\/zh\/nganh-bat-dong-san-goc-nhin-ve-su-thay-doi-phap-ly\/","title":{"rendered":"REAL ESTATE \u2013 A glance at Policy Changes"},"content":{"rendered":"<strong>REAL ESTATE \u2013 A GLANCE AT POLICY CHANGES <\/strong><\/p>\n<p>The key changes in Vietnamese real estate policy include the Amended Land Law, the Law on Housing, and the Law on Real Estate Business, which came into effect on August 1, 2024.<br \/>\nIn our view, the new policy poses short-term challenges for the residential real estate sector in adapting to the changes, while offering slight advantages for industrial parks. However, in the long term, these laws will enhance transparency, support the healthy growth of the property market, and drive infrastructure development.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12601\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/4.jpg\" alt=\"\" width=\"600\" height=\"338\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/4.jpg 1920w, https:\/\/www.phfm.vn\/wp-content\/uploads\/4-768x432.jpg 768w, https:\/\/www.phfm.vn\/wp-content\/uploads\/4-1536x864.jpg 1536w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span data-text-color=\"secondary\"><strong>The Land law<\/strong><\/span><\/p>\n<p>PHFM present key changes in the Amended Land Law 2024 and the potential impact in the table below. In summary, most significant points are higher replacement cost and limitation on developers\u2019 access to land.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12602 size-full\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-1-EN.png\" alt=\"\" width=\"1502\" height=\"603\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-1-EN.png 1502w, https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-1-EN-768x308.png 768w\" sizes=\"(max-width: 1502px) 100vw, 1502px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span data-text-color=\"secondary\"><strong>The Law on Real Estate Business<\/strong><\/span><\/p>\n<p>The Amended Law on Real Estate Business offers more protection for homebuyers but dampens on developers\u2019 cashflow as limitation on presale and arm-length transaction.<\/p>\n<p>In previous years, we observed an aggressive practice of collecting substantial deposits for off-the-plan properties. Some developers, even without the required approvals to commercialize, still launched projects and received payments up to 99% of the property value. While many of these transactions were legally framed as \u201cdeposit contracts\u201d or \u201cbusiness cooperation contracts\u201d, they were essentially presale in practice.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12608 size-full\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-2-EN-2.png\" alt=\"\" width=\"1797\" height=\"462\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-2-EN-2.png 1797w, https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-2-EN-2-768x197.png 768w, https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-2-EN-2-1536x395.png 1536w\" sizes=\"(max-width: 1797px) 100vw, 1797px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span data-text-color=\"secondary\"><strong>The Law on Housing<\/strong><\/span><\/p>\n<p>The Amended Law on Housing offers the alternatives for residential developers to fulfil their social housing obligations.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12604 size-full\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-3-EN.png\" alt=\"\" width=\"1557\" height=\"392\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-3-EN.png 1557w, https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-3-EN-768x193.png 768w, https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-3-EN-1536x387.png 1536w\" sizes=\"(max-width: 1557px) 100vw, 1557px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span data-text-color=\"alert\"><strong>Conclusion<\/strong><\/span><\/p>\n<p>In summary, Vietnam&#8217;s real estate market in 2024 has seen legislative advancements \u2013 the approvals on Land Law, Law on Real Estate Business, and Law on Housing. However, the new policies have varying impacts across different market segments, specifically:<\/p>\n<ul>\n<li><strong>Residential RE: <\/strong>faces an overall <strong>negative<\/strong> impact due to the combined effects of restrictive policies and cash flow limitations, despite some benefits from improved delegation.<\/li>\n<li><strong>Industrial Park: <\/strong>experiences an overall <strong>positive<\/strong> impact, driven by effective policies and strong financial stability.<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12605 size-full\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-4-EN.png\" alt=\"\" width=\"1423\" height=\"107\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-4-EN.png 1423w, https:\/\/www.phfm.vn\/wp-content\/uploads\/10022025-NGANH-BAT-DONG-SAN-4-EN-768x58.png 768w\" sizes=\"(max-width: 1423px) 100vw, 1423px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: right;\"><strong><em>PHFM<\/em><\/strong><\/p>\n<p>&nbsp;","protected":false},"excerpt":{"rendered":"<p>REAL ESTATE \u2013 A GLANCE AT POLICY CHANGES The key change&#8230;<\/p>\n","protected":false},"author":10,"featured_media":12596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[103,182,105],"tags":[175,173,174,176,177,178],"_links":{"self":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/12582"}],"collection":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/comments?post=12582"}],"version-history":[{"count":3,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/12582\/revisions"}],"predecessor-version":[{"id":12610,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/12582\/revisions\/12610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/media\/12596"}],"wp:attachment":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/media?parent=12582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/categories?post=12582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/tags?post=12582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}