10.11.2011 - Vietnam property market quiet by this year end
A series of property projects unmoved due to infrastructure shortage and insufficient management policies are eroding the trust of people into the market. Once the trust is recovered, the market will be able to attract tens of billions of US dollar from residents. Current prices of properties have exceeded the real affordability of people. Surveys of real estate companies showed that demand for 1-billion dong apartments was increasing sharply. If there is no financial support of banks, the people who really demand houses for living will not be able to access such high apartments whereas the supply of apartments with prices of 2-3 billion dong are in surplus...............................................Full Article: Source
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