On behalf of the MOC’s leadership, Deputy Minister Le Quang Hung welcomed Mr. Jeff Foo and the REDAS mission to the MOC, thanked the REDAS for their support in recent years, especially their information and experience in helping the MOC perfect legal policy on developing and controlling housing and the real estate market. In addition, Deputy Minister Hung briefly introduced about Vietnamese legislation on housing, real estate business and urban development; defined typical characteristics of Vietnam real estate market; and hoped to receive more support from the REDAS to perfect Vietnamese policy on operating, maintaining and reconstructing deteroriated old houses…
The REDAS President, Mr. Jeff Foo, thanked Deputy Minister Hung for his warm welcome, and shared information about housing development and real estate market in Singapore. He also introduced about the Urban Redevelopment Authority, Building and Construction Control Authority, policy on housing registration tax applied for foreigners, apartment ownership rate… Mr. Jeff Foo invited the MOC’s mission to Singapore to further share experience in real estate sector.
Deputy Minister Hung expected as the result of the REDAS visit to Vietnam this time, there would be more meetings among the REDAS, the VNREA and the Housing and Real Estate Market Management Agency (MOC).
Written by: Minh Tuan
Translated by: Thu Huyen