Professor Hoang Van Cuong, Vice Chairman of the Vietnam Economic Association, tells Vietnam Economic Times / VnEconomy that the housing market will develop in a positive manner once new housing policies take effect.
Cushman & Wakefield Vietnam has said that demand for apartments and townhouses in Ho Chi Minh City has slowed down as the central bank’s credit control policies have made it difficult to disburse loans to homebuyers.
According to Mr. Nguyen Van Dinh, Chairman of the Real Estate Brokers Association, public investment will be promoted this year and create a stronger driving force for economic development, to the benefit of the real estate market. Transaction numbers will grow, but prices for residential real estate will remain under pressure because of low supply, rising land prices, and inflation.