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Low-interest mortgages attract little interest amid soaring property prices

Low-interest mortgages attract little interest amid soaring property prices

Investors are reluctant to borrow from banks to buy properties despite low interest rates since prices are high.

Over 300 Novaland customers refuse to pay bank loans, want out as projects delayed

Over 300 Novaland customers refuse to pay bank loans, want out as projects delayed

More than 300 people who bought under-construction housing from Novaland have stopped paying their bank mortgages after the developer delayed all its projects.

Challenges for first-time homebuyers in HCMC

Challenges for first-time homebuyers in HCMC

Young people cannot afford to buy a house in Ho Chi Minh City mainly because of the shortage of affordable housing and difficulty in getting credit, experts said.

June 27, 2023 | 04:30 pm PT

Homebuyers panic as Novaland halts interest payment assistance

Homebuyers panic as Novaland halts interest payment assistance

Ha bought a villa worth VND12 billion (US$508,500) from Novaland using cash and a VND5-billion bank loan after Vietnam’s fourth-biggest property developer pledged to cover most of the interest.

February 26, 2023 | 03:41 pm PT

HCMC homebuyers in distress as developers go back on promises

HCMC homebuyers in distress as developers go back on promises

People are regretting their decision to pay for apartments in HCMC even before their construction since many developers are delaying the work for years, allegedly to get higher prices.

April 27, 2022 | 05:52 am PT

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