A luxury residential project in District 2 in Ho Chi Minh City. (Photo: SGGP)

Credit for real estate sector continues to be adjusted

The State Bank of Vietnam (SBV) continues to stick with the plan of reducing the proportion of short-term capital used for medium and long-term loans this year, which is considered to be a barrier to the credit of real estate. However, according to the leader of the central bank, this does not mean that it will close the doors and not give loans to this sector but it will only provide capital for effective real estate projects.
Real estate supply drops

Real estate supply drops

According to the Department of Construction of Ho Chi Minh City, from the beginning of last year to now, it has verified 42 projects that are eligible to raise capital for future products of 23,046 houses, including 21,821 apartments, 883 houses and 342 villas, worth more than VND56.25 trillion.
Multiple housing projects are being constructed to accommodate buyers’ needs

Land prices skyrocket in Can Tho City

High land prices and active real estate market in the Mekong Delta city of Can Tho show that the area is considered a gold mine to investors.  Problems have arisen, however, with the widespread dispersion of land plots, especially agricultural land, leading to unauthorized constructions and difficulty in management.
A real estate project carried out by Vietnamese firms in association with its Japanese partner in Binh Chanh District in Ho Chi Minh City. (Photo: SGGP)

Real estate firms seek for sources of capital

As credit for real estate market has continued to be tightened, real estate companies have had to use other mobilization channels, including issuing bonds and looking for foreign investors so as to reduce dependence on banks.
Many housing projects are under construction in Nha Be District in Ho Chi Minh City. (Photo: SGGP)

City-based real estate firms shift investments due to difficulties

Ho Chi Minh City-based real estate enterprises have shifted their investments to other provinces as the city has limited licensing of new projects and tightened control on investment procedures along with a used-up land fund, especially in the inner city area.
In 2017, Japan has replaced the Republic of Korea as the largest foreign investor in Việt Nam in general, and in the real estate market in particular. (Photo: tapchitaichinh.vn)

Japan invests big in Vietnamese real estate

Vietnam’s real estate sector has witnessed significant participation from Japanese investors through cooperation with Vietnamese businesses recently, promising to bring benefits to the real estate market.
Apartment blocks in HCMC (Photo: SGGP)

Nearly 11,000 real estate firms established in eight months

The HCMC Department of Planning and Investment reported that 26,614 businesses were established during the first eight months this year with the total registered capital of VND148,396 billion (US$6.53 billion).