
Real estate agents flock to TikTok to 'hunt' for clients.
From livestreams to short videos, TikTok is becoming a new real estate sales platform, where brokers race to create buzz to attract clients and attract investment.

From livestreams to short videos, TikTok is becoming a new real estate sales platform, where brokers race to create buzz to attract clients and attract investment.

After the house, originally located in an alley, was demolished to become a front-facing property on Hanoi's Ring Road 1, it was unexpectedly put up for sale by real estate agents for 27,8 billion VND, even though the homeowner insisted they had no intention of selling.

Thu defrauded people by promising to process land use conversion documents and soliciting investment capital, ultimately misappropriating nearly 6 billion VND and spending it all.

Minh forged land ownership certificates to sell to others, thereby defrauding them of over 2 billion VND. He was subsequently prosecuted and detained by the police.

Tran Thanh Binh (residing in District 6, Ho Chi Minh City) was charged by the Ho Chi Minh City Police with forging documents to defraud landowners of over 4 billion VND by processing land subdivision applications.

Although appearing on the same website or group, some houses are advertised by brokers at different prices, with differences of up to billions of dong.

Taking advantage of the land speculation boom, Pham Thi Oanh falsely claimed ownership of numerous plots of land along main roads, then persuaded three other women to pool their capital for profit before embezzling nearly 4,7 billion VND.

The Bình Phước Provincial Inspectorate has uncovered numerous shortcomings and deficiencies on the part of the Director of the Provincial Land Registration Office and its subordinate units.

Xinh was given the original documents by Mr. D to broker the sale of the land, but instead she mortgaged them to someone else to borrow 8 billion VND, which she then spent entirely.

Thúy (35 years old) claimed to be a real estate broker specializing in "obtaining land ownership certificates" and then defrauded Ms. H. multiple times, totaling over 4,1 billion VND.
Pham Thi Oanh deceived Ms. T. into contributing money to buy land for profit, promising to share the profits, and then embezzled over 2,6 billion VND.

Having abandoned their previous professions en masse to become real estate brokers, dreaming of a better life, many real estate agents are now scrambling to find work to make ends meet as the market freezes.

Amidst the real estate boom, many brokers easily pocketed hundreds of millions, even billions of dong, thanks to well-planned schemes known only to insiders.

While often considered to benefit greatly from each real estate transaction, many brokers still encounter problems and suffer losses, such as canceled deals or lost commissions.

The Da Nang Department of Natural Resources and Environment has requested the police to investigate whether or not there is collusion between land brokers and state management agencies and officials to inflate land prices in Hoa Vang.

From meat to bones, land subdivision projects are moving further and further away from the city, and now people are flocking to the green forests and red mountains to do this.

Previously, a plot of land cost 700-800 million VND, but now it has skyrocketed to over 1 billion VND, causing many people in Hoa Vang, Da Nang, to rush to subdivide their garden land into plots for sale.

The escalating land price surges have many causes, but primarily it's due to brokers colluding to inflate prices.

To prevent real estate brokerage activities from negatively impacting the market, experts believe that sufficiently strong regulations are needed to bring order to this sector.

In just over two hours, 12 plots of land in a rural village in Quang Tri province, subdivided and sold by the developer, changed hands.

The People's Committee of Loc Ninh District has issued an administrative penalty against the company that staged the controversial video on February 21st, which showed them "securing land plots like buying vegetables at the market."

Former Chairman of the People's Committee of Tra Vinh City, Diep Van Thanh, was sentenced to 10 years in prison for "Violating regulations on the management of state assets causing loss and waste."

This afternoon, an emergency meeting will be held at the Loc Khanh Commune People's Committee to decide on how to handle the case of the real estate company that was engaging in deceptive land deposit practices, treating land deals like buying vegetables at a market.

Having received nearly 85 billion VND in land purchase payments from 20 customers, "super broker" Tran Thi Thuy Lieu failed to fulfill her commitments and left the area.

According to local authorities, the land in the video does not belong to any real estate project, and the group of people in the video do not have the legal capacity to conduct transactions.

Three women posed as real estate agents to swindle over 13 billion VND, which they then used for football betting and personal expenses.

Although the architectural design for the Tran Hung Dao bridge has not yet been finalized, real estate brokers are aggressively driving up property prices around the area where the bridge is planned to pass through.

Besides posting misleading information about land prices on websites, the brokerage group also sends people everywhere to create fake transactions, playing on the psychology of investors.

The 36-hectare hill was "divided" into 1.000 plots of land by Thong Minh Company, and then advertised as a well-planned project to "hypnotize" customers.

"We spent time rehearsing plays, but in the end, we didn't get to perform. A friend who works in real estate said that being a broker would be very suitable, so I took it on," Hung Thuan recounted.