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property sector
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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.
Vietnam offers $5B in credit for social housing
Four state-owned banks have agreed to set aside a credit package of VND120 trillion ($5 billion) for the development of social housing and workers’ housing projects, central bank governor said.
21% of outstanding loans in 2022 went to property sector: central bank
The property sector did not have difficulty accessing bank credit last year, and in fact 21.2% of all loans went to it, a central bank executive said Wednesday.
February 8, 2023 | 08:06 pm PT
PM orders banks to smooth credit flows to property sector
Banks need to make credit easily accessible to property developers and buyers, and cut costs to reduce loan interest rates, Prime Minister Pham Minh Chinh has said.
February 7, 2023 | 06:21 pm PT
China property set for modest demand recovery in 2023 on policy support
China's deeply troubled property sector is set to see home sales fall for the second straight year in 2023, but the pace of declines will ease thanks to state support measures and the lifting of the government's strict anti-Covid policies.
January 5, 2023 | 07:08 pm PT
PM cautions against knee-jerk tightening of credit to property sector
Banks should not tighten credit to the property sector without a reasonable cause, a decree from the prime minister issued Monday says.
August 29, 2022 | 11:48 pm PT
