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Covid-19 in Vietnam
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Apartment prices rise in HCMC, Hanoi despite falling demand
Apartment prices rose by 9 percent year-on-year in August in HCMC and by 8 percent in Hanoi despite falling demand, according to a popular real estate listing website.
28 pct of realty trading floors face bankruptcy
Many real estate trading floors have little or no business amid Covid-19, and 28 percent face the risk of bankruptcy, according to the Vietnam Association of Realtors.
People sell properties at loss as pandemic hits incomes
People in are selling off properties in HCMC and southern localities at a loss due to financial difficulties caused by Covid-19.
August 30, 2021 | 07:30 am GMT+7
Vietnamese contractor offers visionary choice to foreign real estate giants
In 17 years, Coteccons has been constantly innovating in operation management to meet the increasing requirements of foreign real estate developers and prestigious investors in Vietnam.
August 24, 2021 | 10:00 am GMT+7
Property sector struggles amid pandemic
Property developers, trading floors and brokerages have seen incomes slump due to the Covid-19 outbreak, and are finding it hard to pay salaries and meet other basic expenses.
August 24, 2021 | 07:38 am GMT+7
Property buyers default on payments as pandemic hits incomes
Nguyen, who bought an apartment in HCMC, is fearful his purchase contract will be cancelled after he failed to pay the latest installment due two months ago.
August 23, 2021 | 04:26 pm GMT+7
Rising steel prices make housing costlier
Rising steel prices have caused housing prices to rise by 5-10 percent so far this year, industry insiders said.
August 15, 2021 | 07:49 am GMT+7
Pandemic hits online realty market
The number of postings on online property trading floors plummeted in July as the incidence of Covid-19 surged.
August 11, 2021 | 09:04 am GMT+7
HCMC landlords struggle to repay bank debts as rents dry up
Landlords are struggling to repay bank loans after the Covid-19 pandemic has caused demand for leasing properties to plummet.
August 09, 2021 | 09:00 pm GMT+7
Seaside shophouse supply surges nearly 150 pct
The supply of shophouses at seaside resorts has surged by 149 percent since 2015, and the number will keep rising at major tourism destinations.
August 09, 2021 | 08:12 am GMT+7
Property market slump to continue for a few more quarters: experts
The real estate market will remain gloomy for the rest of the year and even beyond due to the unpredictable nature of the Covid-19 pandemic, analysts predict.
August 01, 2021 | 06:19 pm GMT+7
Vinhomes net profits triple in Q2
Property developer Vinhomes reported net profits tripled year-on-year in the second quarter to more than VND10.3 trillion ($578.3 million).
July 30, 2021 | 10:43 am GMT+7
Industrial land rentals rise
Rentals for industrial lands in HCMC increased in the second quarter despite the renewed Covid-19 outbreak, according to real estate services provider Colliers Vietnam.
July 23, 2021 | 08:00 am GMT+7
Lawmakers worry about asset bubble, rising debt
The National Assembly has expressed concern about the economic impacts of real estate and securities asset bubbles as well as mounting bad debt.
July 22, 2021 | 04:25 pm GMT+7
Realtor incomes plunge as Covid-19 disrupts market
Incomes of many real estate brokers in HCMC fell 80 percent year-on-year in June because the Covid-19 outbreaks have rendered the property market stagnant.
July 17, 2021 | 10:02 am GMT+7
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