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Property market slump

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HCMC shophouse rents plunge 30% amid low demand

HCMC shophouse rents plunge 30% amid low demand

Shophouse rents have plunged by 30% in Ho Chi Minh City so far this year, but still many locations are shut down due to lack of tenants amid economic difficulties.
Novaland negotiating interest payment default on $300M bonds, investors antsy

Novaland negotiating interest payment default on $300M bonds, investors antsy

Property developer Novaland said it is negotiating with a group of bondholders after being unable to pay the US$7.8 million interest on its $298.6 million worth of overseas bonds.
September 26, 2023 | 06:28 pm PT
Property market slump to persist until mid-2024

Property market slump to persist until mid-2024

The legal problems plaguing real estate firms have not been resolved, and could continue until the third quarter of next year, experts and industry insiders warn.
September 25, 2023 | 02:59 am PT
Brokers falsely listing houses for 'stop-loss' buys

Brokers falsely listing houses for 'stop-loss' buys

Many real estate brokers are falsely using "stop-loss" tags to attract buyers in struggling times.
September 16, 2023 | 08:32 pm PT
Housing developers go to great lengths to attract reluctant buyers

Housing developers go to great lengths to attract reluctant buyers

To spur demand, some housing developers are offering to pay interest on bank loans for buyers for eight years, instead of the usual one to two years.
August 16, 2023 | 08:45 pm PT
Phu Quoc island has inventory of nearly 18,000 beachfront properties

Phu Quoc island has inventory of nearly 18,000 beachfront properties

Tourist island Phu Quoc accounted for 24% of all unsold beachfront villas, shophouses and condotels as of June, the third highest after Binh Thuan and Ba Ria Vung Tau provinces.
August 15, 2023 | 03:02 pm PT
Banks put foreclosed beachfront properties worth dozens of millions of dollars on sale

Banks put foreclosed beachfront properties worth dozens of millions of dollars on sale

Banks are trying to sell foreclosed beachfront resorts, hotels, condotels, villas, and shophouses in a number of coastal localities.
August 14, 2023 | 12:00 am PT
Deserted shopping malls turned into office buildings

Deserted shopping malls turned into office buildings

Several small shopping malls in Ho Chi Minh City have been transformed into office buildings after poor performance and high rents pushed retail tenants to move out.
August 6, 2023 | 02:49 am PT
Hanoi housing prices outpace people’s income

Hanoi housing prices outpace people’s income

Housing prices in Hanoi have grown at twice the rate of people’s incomes since 2019, according to real estate consultancy Savills Vietnam.
August 3, 2023 | 03:41 pm PT
HCMC real estate suffers negative growth in H1

HCMC real estate suffers negative growth in H1

Property trading in Ho Chi Minh City in the first and second quarters of this year was down from a year earlier.
August 1, 2023 | 08:00 pm PT
Property market not to thaw anytime soon: experts

Property market not to thaw anytime soon: experts

The property market will not recover this year because market sentiment is low, bank interest rates are high, legal issues linger, and economic recovery is sluggish, analysts have said.
July 30, 2023 | 03:14 pm PT
30,000 beachfront villas, shophouses on the shelf

30,000 beachfront villas, shophouses on the shelf

Vietnam’s coastal tourist localities currently have roughly 30,000 beachfront villas, shophouses and townhouses, priced at tens of billions of dong a unit, in inventory.
July 26, 2023 | 03:29 am PT
Vietnam real estate's stress is over: Fitch Ratings

Vietnam real estate's stress is over: Fitch Ratings

With the reduction in interest rates, international credit rating agency Fitch Ratings believed the credit and liquidity risks of Vietnam’s real estate have passed their peak.
July 24, 2023 | 07:00 pm PT
Prices begin to drop in apartment primary market in HCMC

Prices begin to drop in apartment primary market in HCMC

While the secondary market for apartments in Ho Chi Minh City has been in free fall for a year now, primary market prices only began to decline last quarter.
July 16, 2023 | 06:17 pm PT
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