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Update news Vietnam's real estate market
Vietnam’s real estate market is witnessing a rising number of merger and acquisition (M&A) deals, with the engagement of both foreign and domestic investors.
The outstanding loans provided to the real estate sector reached VND987.477 trillion as of the end of August.
Despite the Government’s concerted efforts to address the challenges of the property market, the market won’t improve until the end of 2024 due to a lack of affordable housing, experts have warned.
Domestic property developers are looking to sell assets and shares to deal with debts, restructure, maintain cash flow and keep operations going, according to industry experts.
Non-performing corporate bonds are looming large due to a high financial leverage ratio and negative cash flow of unlisted, cash-strapped real estate companies.
Banks are maintaining a cautious approach in dealing with the current crisis in the real estate market.
Vietnam's real estate market will not be short of capital next year but will still face many challenges from policies and administrative procedures, experts said at the annual Vietnam Real Estate Forum.
Vietnam's real estate market continues to attract foreign investors because of its growth potential, especially Korean investors, according to real estate consulting companies.
Richard Leech, Executive Director of CBRE Vietnam, tells about the resort real estate market following the introduction of new legislation.
Fluctuations in the exchange rate leave stakeholders in Vietnam's real estate market with a number of matters to ponder.