29.04.2009 - Vietnam: Developers price speculators out of real estate market
From Thanhniennews.com: Property speculators are having a bad time in Ho Chi Minh City with buyers choosing to buy apartments directly from developers who are offering low prices, insiders said. Lam Van Chuc, director of Phuc Duc Real Estate Company, said many new projects have hit the market at lower prices than before. Saigonland Real Estate, for instance, has lowered the prices of its Cantavil Hoan Cau apartments in Binh Thanh District to VND36 million (US$2,025) a square meter from VND50 million ($2,810) earlier......Full Article: Source
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