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.

Vietnam has more real estate investment opportunities than other more mature Asia-Pacific markets, though certain difficulties remain.

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 Ministry of Construction (MOC) said though the epidemic has affected the real estate market, causing a decline in supply and the number of transactions, real estate prices in some localities are still on the rise.

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.

The HCM City Real Estate Association (HOREA) says there has been a sharp increase in inventory and has urged loosening of legal procedures to hasten completion of projects.

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 HCM City real estate market provides more housing projects and subsidises rentals to boost the market amid the COVID-19 pandemic.

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.

The real estate market was stagnant in 2019 and it will continue to be soft in 2020, when many businesses and contractors are expected to go bankrupt because of the lack of projects. 

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.

Many real estate developers now eye resort projects rather than the housing sector as they have confidence in the hot development of the tourism industry.