Cash flow always looks to more attractive investment channels with higher returns, so when interest rates decrease, cash flow will shift from the savings channel to the stock and real estate markets, according to experts.
The State Bank of Vietnam (SBV) is set to further reduce regulatory interest rates on May 25, the third cut in a row since mid-March, expected to give a boost to the stagnant real estate market.
Buyers of condotels, officetels and resort villas can have ownership certificates from May 20 under a new decree guiding the implementation of the Land Law.
The index of industrial production (IIP) in April was estimated to increase by 3.6% month on month and by 0.5% over the same period last year, according to the General Statistics Office (GSO).
A roundtable will take place in Hanoi on May 25 with the aim of calling for investment in agri-tourism real estate, thus creating a new impulse for the potential segment.
Sanitaryware price hikes led to a 3.5% increase in the standard home construction price index in the first quarter of this year amid higher fuel costs, according to the Real Estate Information Centre (REIC) of Thailand.
According to the Vietnam Association of Realtors (VARS), the segment of social and affordable housing will grow because urban development is still attracting the attention of investors.
The Government convened the regular April meeting under the chair of Prime Minister Pham Minh Chinh on May 5 to look into the socio-economic situation in April and the first four months of 2023, along with some other important issues.
Drastic measures are needed for Ho Chi Minh City – the country’s largest economic hub - to address a series of problems in a bid to speed up recovery, experts have said.
Prime Minister Pham Minh Chinh on April 25 asked ministries and sectors to optimise all tools to remove difficulties facing the financial, corporate bond and real estate markets, thus pumping in more resources and promoting major growth in consumption, exports and investment.
Many property developers are planning asset and stock sales as they look to slash debts, restructure business and stay afloat, which is expected to lead to a surge in M&A deals in the market.
Industrial real estate has been a bright spot in the market thanks to a large amount of foreign investment inflows, great potential and high absorption capacity, according to experts.
In an effort to address the ongoing challenges faced by the domestic real estate market, an approach encompassing legal, administrative, and financial solutions is urgently required, particularly in the realm of credit.
Experts have noted their hope that coastal resorts will play a role in accelerating the recovery and development of the domestic resort real estate market which is facing an array of challenges.
Having hold of a large amount of bad debts mortgaged by real estate, Vietnam’s four biggest State-owned banks are urgently recovering the debts, but the work remains tough for them due to the slowdown of the realty market.
Prime Minister Pham Minh Chinh has just signed a document requesting more efforts to remove obstacles to the real estate market and promote its development.
The real estate sector ranks second in foreign direct investment (FDI) attraction in the first quarter of 2023 with 766 million USD, accounting for 14.1% of total FDI.
The HCM City Real Estate Association (HoREA) has proposed commercial banks lend to real estate firms so they can fulfill maturing bond obligations amid ongoing market turbulence.
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