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Property market slump

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Lower loan interest rates could revive property market: experts

Lower loan interest rates could revive property market: experts

If bank lending interest rates drop to below 10% and remain steady, money will return to the frozen real estate market, experts reckon.
Job cuts continue in embattled property sector

Job cuts continue in embattled property sector

The mass layoffs that began last year amid a market decline continue in the struggling property sector, with major developers and brokerages downsizing their sales teams to survive.
June 1, 2023 | 03:37 pm PT
Affordable housing the panacea to housing market woes: experts

Affordable housing the panacea to housing market woes: experts

If more social and affordable commercial housing is built, the frozen real estate market could thaw, according to experts.
May 30, 2023 | 04:35 pm PT
Property sellers make 30% price cuts, but buyers hold out for more

Property sellers make 30% price cuts, but buyers hold out for more

People selling properties on the outskirts of HCMC and in neighboring provinces are willing to steeply lower prices but buyers are demanding 50% cuts, resulting in a deadlock.
May 10, 2023 | 11:04 pm PT
Realty market slump leaves speculators stranded

Realty market slump leaves speculators stranded

Over the past eight months Tan has had to mortgage his house and car and borrow money from relatives to repay bank loans.
May 5, 2023 | 03:15 am PT
Property brokerage firms continue shutting down

Property brokerage firms continue shutting down

A property brokerage company in Ho Chi Minh City, late April, reported to temporarily close due to prolonged losses and drained cash flows.
May 2, 2023 | 10:45 pm PT
Vietnamese remain keen on real estate despite slump

Vietnamese remain keen on real estate despite slump

A recent survey has found people want to buy land and houses even though the property market is frozen.
May 1, 2023 | 03:07 pm PT
Hanoi speculative villa prices down 40%

Hanoi speculative villa prices down 40%

Amid rising interest rates, Hanoi’s cash-strapped villa investors are slashing prices by up to 40% to lure customers.
April 24, 2023 | 03:11 pm PT
Speculative real estate prices fall but find few takers

Speculative real estate prices fall but find few takers

Prices of speculative real estate assets have fallen by 15-50% over the past year as cash-strapped investors offloaded them at big discounts to cut their losses.
April 18, 2023 | 06:53 pm PT
No beachfront properties sold in Q1 in central province

No beachfront properties sold in Q1 in central province

No beachfront villas or condotels were sold in the year’s first quarter in the central province of Khanh Hoa, according to its Department of Construction.
April 15, 2023 | 04:20 pm PT
Southern land sales plummet 90%

Southern land sales plummet 90%

Southern land sales plunged by more than 90% in the first quarter as buyers were reluctant to make purchases in an unfavorable market.
April 15, 2023 | 02:00 am PT
Southern house prices down 30%

Southern house prices down 30%

The price of townhouses and villas in the South have dropped 10-30% year-on-year amid record-low sales in the first quarter of 2023.
April 13, 2023 | 03:47 pm PT
Property buyers wait and watch for further drop in prices

Property buyers wait and watch for further drop in prices

Despite a 30% fall in housing prices in March, buyers remain on the sidelines, waiting for them to decline even further.
April 3, 2023 | 02:24 am PT
Property buyers rush in when prices soar, exit when they fall

Property buyers rush in when prices soar, exit when they fall

When the property market is hot, and in many cases prices double in a short time, people continue to buy, but wait on the sidelines during a prolonged price decline.
March 27, 2023 | 11:53 pm PT
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