Sector Insight

On November 27, 2023 and November 28, 2023, the Law on housing (amended) and the Law on real estate trading (amended) were respectively adopted. The amended Law on real estate trading introduces a number of regulations to control real estate transactions, protect homebuyers, and contribute to the purification of the market. Meanwhile, the amended Law on housing increases incentives for developers, encouraging the development of social housing.

The amended Law on housing and the amended Law on real estate trading are expected to take effect from January 1, 2025, to improve the legal framework and harmonize with the amended Land Law, which is expected to be passed next year.

We provide a summary assessment of the impact of the two Revised Laws on listed real estate corporations in general and stocks on our watch list (NLG and VHM) in particular.