As the VND30 trillion preferential credit package has ended, many realtors and clients have fallen into a difficult situation.
No longer seen as a profitable investment segment, apartments are not selling well as investors have shifted to buy land instead.
The Ministry of Construction (MOC) has joined forces with a number of ministries and branches to draft a government resolution on solutions to encourage the development of low-cost commercial housing projects.
Realtors have been trying to sell products online and through mobile apps.
The HCM City Real Estate Association (HoREA) has asked for corporate bond regulations to be loosened to help businesses get through the COVID-19 pandemic, local media have reported.
Economists believe that real estate will remain a safe shelter for investors, and will still bring attractive profits in the post-Covid-19 period.
Tax incentives for developers of social housing projects for lease should be made clear and consistent to encourage private investment in the segment, according to the HCM City Real Estate Association.
The coronavirus epidemic has caused a shock to global tourism, seriously affecting hotels and resorts.
Real estate experts believe that the condotel growth will not depend on state agencies but on investors.
To minimize risks as the real estate market has decelerated, investors have been told not to pour all their money into one project.
Many new policies will take effect in 2020 which aim to warm up the housing market segment for those with real accommodation demand.
Ho Chi Minh City’s Real Estate Association (HOREA) has pointed out the problematic reality of Vietnam’s current real estate market and proposed changes for several regulations to improve the situation.
Real estate enterprises in Ho Chi Minh City are waiting for new measures to help them deal with difficulties related to policies and credit so as to grow more stably and sustainably.
The HCM City Real Estate Association (HoREA) has asked the National Assembly to approve a proposal which would give buyers of apartments more time to pay maintenance fees.