VOV.VN - A significant number of real estate businesses are looking to recover from the impact caused by the novel coronavirus (COVID-19) epidemic through making adjustments to their business strategies in an effort to capture the attention of prospective buyers who are keen to settle down or make an investment.
Investment in condotels remains appealing despite defaults in profit commitments by property developers, but a clear legal framework is needed to protect investors’ rights, according to experts.
Suspended ventures due to lack of administrative procedures are instigating a severe shortage of supply and sharp increase of prices of the property market in Ho Chi Minh City, as well as in outskirt areas.
Investors in low-cost housing projects in some southern localities are complaining about big losses due to unfair regulations.
The hi-end property market in Ho Chi Minh City holds great attractiveness to Asian investors, especially those from China, according to CBRE Vietnam.
Overseas Vietnamese sent home US$3.8 billion through Ho Chi Minh City-based financial institutions during January-October.
The HCM City Real Estate Association has proposed the State Bank of Vietnam raise a stimulus package similar to its previous VND30 trillion (US$1.3 billion) preferential home loan package.
Ho Chi Minh City’s real estate market in the 2017-20 period will see major changes as supply and demand will gradually adjust, stabilising and strengthening the market, according to the city’s Real Estate Association.
The southern hub is in the grips of a major affordable housing shortage amid a rapidly growing population.
Fifty percent of upper middle and high ranking real estate purchase volume in Ho Chi Minh City is for speculation, according to the city Real Estate Association (Horea).
A provision contained in the Housing Law two months ago allowed foreigners to buy houses in Vietnam, but most real estate developers still have few foreign clients.
Housing prices in Vietnam are higher than the income of the majority of Vietnamese, but the houses in Vietnam are cheaper than many other countries, according to Nguyen Xuan Quang, president of Nam Long Investment JSC.
(VOV) - Experts are predicting mergers and acquisitions (M&As) in the consumer goods and real estate sectors will boom during 2013.