Investing in the booming shophouse segment in HCM City could end in losses, if market observers are to be believed.
Many property developers in HCM City are moving to neighbouring provinces and cities and even as far away as the central region as city authorities are issuing fewer licences and legal procedures elsewhere are simpler.
Vietnam-based online travel firm Vntrip has raised an undisclosed amount from Singapore- and China-based Jubilee Capital Management, according to the company’s announcement.
VinID Joint Stock Company, 80 per cent owned by Vietnamese business major Vingroup, has completed the acquisition of e-wallet platform MonPay, local media VnExpress reported.
ndochina Capital recently honors as one of the best property consulting firms in Vietnam at the awarding ceremony of Asia – Pacific IPAX 2019, held in Bangkok.
According to surveys on real estate market in recent time, apartment supply is declining sharply, which is said to be the cause for new projects to increase prices.
In a press release on real estate market announced in early 2019, General Director of Savills Vietnam Neil Macgregor had positive comment on high-end apartment segment in Hanoi, saying that projects with many utilities will sell well.
The tightening of real estate credit may deal another blow to the real estate market, which is facing difficulties from all sides, experts say.