The lack of professionalism among many local real estate brokers is partly to blame for property market fluctuations that are hurting the industry, experts said at a conference last Saturday.

Gia dinh & Xa hoi (Family & Society) newspaper spoke to Trinh Hong Quan from the Housing and Real Estate Department about disputes related to private and common possession of residential property.

After introducing two five-storey apartment buildings priced at VND195 million per unit in Thuy Xuan Tien commune in Hanoi's Chuong My District, Vinaconex Xuan Mai Concrete and Construction Joint Stock Co. plans to develop another project offering 40,000 square meters of low-cost apartments late this year.

The Phu My Hung Corporation said it started selling 168 apartment units in Buildings B and D of its Riverside Residence project in Ho Chi Mirth City's District 7 yesterday.

The investors of commercial housing projects and new urban areas, with land of more than 5 ha, may have to reserve at least 10% of the land fund to build low-cost houses, if the suggestion by the Ministry of Construction (MOC) is approved by the Government.

Viet Nam lured about US$6 billion in foreign direct investment in the first quarter of this year, 60 percent of the figure for the same period last year, according to the Ministry of Planning and Investment.

Construction to upgrade 68km of National Highway 2E kicked off yesterday at the international border gate in PangHok, Laos.

With several dormitories and other accommodations planned to be built, HCM City will have an additional 160,000 rooms for students and workers by 2015.

Despite not showing much sign of recovery, the real estate market is exhibiting a surprising ability to absorb investment from all available capital sources, including banks.

Real estate developer Phu My Hung Corporation says it will transfer the 153 apartments and 14 shops of the Green View residential complex in Ho Chi Minh City's District 7 to their new owners on Saturday.

Early Mar.24, Hai Long Trading & Services Private Enterprise broke the ground of a VND400bln-complex of supermarket and apartments for workers in Ben Cat district’s Tan Dinh commune.