27.2 C
Ho Chi Minh City
Tuesday, June 25, 2024

Positive signs

By Linh Trang

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Real estate and construction companies are showing renewed interest in raising funds through share and bond issues. Limited access to capital In recent times, restricted access to capital has emerged as one of the major challenges for real estate businesses. Typically, these firms acquire capital through various channels, including bank loans, share and bond issues, and advance payments from buyers. However, since the beginning of 2022, gaining access to capital has become increasingly difficult. Notably, in a survey conducted by the Vietnam Association of Realtors, 70% of over 500 real estate investment and service businesses reported that policies aimed at alleviating capital constraints had not been effectively implemented. A lack of confidence among homebuyers and investors in the market has compelled real estate companies to rely more heavily on bank loans to sustain their operations. Nonetheless, obtaining these loans has proven to be a challenge due to previous credit policies within the property sector and lingering debts, despite the State Bank of Vietnam’s adjustments to interest rates and preferential credit packages. Companies reactivate capital raising plans After a period of waiting for policy changes and observing signs of recovery in the market, numerous real estate and construction companies are now […]
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