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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.
Hanoi: Houses in alleyways transformed into street-front properties are being sold for tens of billions of dong by brokers.
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.
Land brokers scam people out of nearly 6 billion VND by tricking them into contributing capital and processing paperwork.
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.
Authorities arrest "land brokers" for forging land ownership certificates to defraud people of billions of dong.
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.
Ho Chi Minh City: Man who offered to handle land and property procedures defrauds customers of over 4 billion VND.
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.
Through intermediaries, apartments become a price trap designed to ensnare buyers.
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.
Female real estate broker sentenced to 14 years in prison for embezzling nearly 4,7 billion VND.
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.
A series of irregularities at the Land Registration Office of Binh Phuoc province.
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.
Land brokers used other people's land ownership certificates as collateral, embezzling 8 billion VND.
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.
Ha Tinh: Land broker prosecuted for defrauding over 4,1 billion VND.
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.
Ha Tinh: Land broker arrested for defrauding and misappropriating over 2,6 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.
Once a frenzied force in the market, real estate brokers are now scrambling to find work to make a living.
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.
Making hundreds of millions in the blink of an eye, what tricks do real estate brokers use?
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.
Real estate brokers bitterly recount stories of being cheated out of deals and having their brokerage commissions cut.
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.
Land speculation in Da Nang: Police requested to investigate.
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.
With no more land in the city, people are moving to the remote mountains and forests to subdivide and sell plots of land.
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.
Land speculation is booming, and people in Da Nang are enthusiastically subdividing and selling their gardens.
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.
Land prices are skyrocketing by the hour: Mostly brokers selling to other brokers.
The escalating land price surges have many causes, but primarily it's due to brokers colluding to inflate prices.
There must be sufficiently strong sanctions to bring order to real estate brokerage.
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.
Land brokers close deals on 12 plots of land like a festival in a poor rural village in Quang Tri.
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.
Real estate company fined 100 million VND for engaging in the practice of "closing land deals like selling vegetables at the market".
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 Tra Vinh City sentenced to 10 years in prison.
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."
Real estate company engages in shady land deal practices like selling vegetables at the market: Commune authorities must hold emergency meeting.
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.
Binh Duong: Real estate 'super broker' arrested for defrauding customers of nearly 85 billion VND.
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.
Binh Phuoc: Authorities take action against real estate company that engages in deceptive land deposit deals, treating land deals like buying vegetables at a market.
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.
Lam Dong: Three women arrested for posing as land brokers and embezzling 13 billion VND to gamble on football matches.
Three women posed as real estate agents to swindle over 13 billion VND, which they then used for football betting and personal expenses.
Hanoi: Tran Hung Dao Bridge project not yet approved, but land speculators are already aggressively inflating prices to capitalize on the situation.
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.
Real estate market cools down, exposing the tricks of land brokers' syndicates.
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.
Without any project planning, a 36-hectare hill in Lam Dong province was divided into 1.000 plots of land for sale.
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.
Hung Thuan from 'Southern Land' takes on an additional job as a real estate broker.
"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.
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