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Update news HCM city estate
Although real estate outstanding loans are still within the safety zone, the HCMC Real Estate Association (HoREA) has warned of a possibility that they might turn sour.
A number of projects located on the bank of the Saigon River in the second city could face the axe from next month after an inspection by Ho Chi Minh City People’s Committee found that they violated building regulations.
The HCMC Real Estate Association has called on the HCMC authorities to release the list of 124 property projects that were previously suspended for investigations and inspections and have now resumed construction.
VietNamNet Bridge - Many real estate projects located in prime locations in HCM City, which were previously considered symbols of the city’s progress, have been abandoned for years, causing great waste.