Binh Duong Real Estate Association needs to be set up

The domestic real estate market will get better in 2016, according to investors in this field. It is also time to establish Binh Duong Real Estate Association.

Real estate market with good signs

According to Tran The Hung, General Director of Thien Phu Hung Company in Thuan An town’s An Phu ward, there is stability in terms of housing market for low-income earners. Whilst, land plots, especially ones at prices ranging VND300mln to VND400mln per plot are best-selling. The market for hi-class houses is still dimmed while there is a great demand for workshops for lease.

It is predicted that Binh Duong’s real estate market in 2016 will get animated. In picture: The experts’ village, The Oasis, in Thuan An town-based Viet-Sing residential area

He added that the local real estate market has seen good signs from mid 2015. Together with this, gold price is at low level, so the local real estate market will get animated in 2016.

Le Ngoc Lam, General Director of Binh Duong Real Estate Joint Stock Company said that over the past years, Binh Duong built plenty of industrial parks, absorbing a large number of investors and immigrant laborers. Hence, the demand for housing is also very great.

Establishment of Real Estate Association needed

According to real estate investors, there are still bogus companies in this field. This has not only affected true investors, but also clients’ rights and interests. Therefore, the establishment of Binh Duong Real Estate Association is very necessary.

Mr.Lam said that for the local real estate market getting thriving, sales staff in this field needed to be trained professionally. It is also time to set up Binh Duong Real Estate Association, creating favorable conditions for members to exchange and share experience while protecting clients, enterprises’s rights and interests in this field. 

Similarly, Mr.Hung said that close coherence among enterprises are needed to promote the current real estate market. The birth of provincial Real Estate Association will help well solve this demand while contributing to protecting clients’ rights and interests.

According to Phan Cao Phuc, Head of the Housing Management Division under provincial Department of Construction, the State needs to effectively control over housing development and construction planning, land prices…to ensure a balance between supply and demand in the real estate market. The Government has issued preferential policies from a VND30trillion housing credit package. In fact, many enterprises have not got access to the credit package yet. Provincial Steering Board for Housing Policy and Real Estate Market needs to conduct relevant agencies to jointly support enterprises to gain access to preferential loans to promote the local real estate market.

In 2016, provincial Department of Construction will implement decrees of the Government and circulars of the Ministry of Construction guiding the implementation of the Law on Real Estate Business 2014. The Department will also attach special importance to enhancing the efficiency of real estate use; strength control over mechanism and policies to take full advantage of the Government’s preferential loans for housing programs in favor of workers, students and low-income earners.

Reported by Phuong Le-Translated by K.T