Housing prices still see uptrend in the market (Photo: SGGP)

HCMC requires to prevent land price fever, property bubbles

HCMC People’s Committee has instructed the Department of Construction to strictly implement regulations relating to the real estate market, keep a close eye on the market and prevent land price fever and property bubbles.
Lo Lu Street - the center of land price fever - has no sewerage system (Photo: SGGP)

HCMC at risk of fresh flooded areas

Many districts in Ho Chi Minh City have no drainage and drainage system in several districts have not been connected with others; therefore, the city is at the risk of having new flooded areas.