| The State Bank of Viet Nam's tightening of monetary policies will benefit powerful foreign real estate investors and hamper local firms, according to property market analysts. SBV and Government efforts to curb inflation since February this year, have made it difficult for real estate developers to access credit, leading to a decline in property projects.
Last May, CapitaLand announced that its subsidiary-CapitaValue Homes had bought a 65 per cent stake in Quoc Cuong Sai Gon JSC for VND121.2 billion (US$5.9 million)..............................................Full Article: Source
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