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Tuesday, June 18, 2024

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On the road to recovery

Vietnam’s real estate market is now on the brink of a major transformation after a long challenging period induced by the supply-demand imbalance, legal issues, and wide disparities between housing prices and incomes. Despite the persistent headwinds, there are high hopes for a rebound. At the Finance – Real Estate Forum 2024, held on May 29 by the Saigon Times Group with the theme “Driving Capital Flows, Embracing Opportunities for Recovery,” experts and business executives discussed scenarios for the real estate market recovery. Will the market start bouncing back at year-end? Information gleaned from the forum indicates a promising uptick in credit in the real estate sector. Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s HCMC branch, said that total real estate credit in HCMC at the end of April rose by 1.6% compared to the end of last year. Notably, loans for residential purposes, such as home purchases, construction and repairs, made up a staggering 68% of the total real estate loans. Real estate credit growth aligns with market developments, fueled by supportive policies that address market problems. Phan Duc Hieu, a permanent member of the National Assembly Economic Committee, said that during his 24 years […]
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Real estate credit soars in HCMC

HCMC – Real estate loans in HCMC have surged ahead of overall credit growth in the first four months of 2024, indicating a positive...

Promising growth of industrial real estate

The industrial real estate sector in Vietnam is exhibiting signs of robust growth, driven by an influx of foreign manufacturers. These businesses are choosing...

Real estate firms struggle with huge debt

HCMC – The real estate sector is currently grappling with a significant bond debt, totaling nearly VND350.9 trillion as of March 2024, according to...

Uncertainty prevails over commercial housing development

The Government is expected to propose the National Assembly issue a resolution allowing for a pilot scheme in which commercial housing projects can engage...

Changes underway

Vietnam's property market is entering a new phase marked by stabilizing trends and surprising shifts across sectors. The current landscape reveals how everything from...

Real estate businesses concerned about bond maturity

HCMC – Real estate companies are coming under pressure as an estimated VND213,521 billion worth of bonds, 37% of them belonging to the real...

Penalties proposed for auction winners  who back out

Individuals or entities who win auctions for land use rights and mineral exploitation rights but fail to submit deposits will face bans from participating...

Northern Vietnam’s real estate market poised for growth – report

HCMC - A recent Cushman & Wakefield report has highlighted the growth potential of the real estate market in northern Vietnam, driven by the...

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