According to HoREA, the pilot resolution has d conditions for credit institutions to effectively manage bad debts since 2017, especially collateral assets of real estate projects, but it expired on December 31, 2023.
A spokesperson for FE Credit Consumer Finance Company said the Covid-19 pandemic had somewhat affected the company’s business but the price of its stock would not change thanks to its advantages and the market’s great potential.
Major property developers are revving up the HCM City market by organising a series of activities as well as marketing and promotion programmes in the final months of the year.
Foreigners have bought some 16,000 housing properties across the country since they were allowed to in 2015, according to the Ho Chi Minh City Real Estate Association (HoREA).
The HCM City Real Estate Association has urged the Government to enlist the property industry as affected sectors by the COVID-19 outbreak and to be eligible for VAT and land-use fee payment postponement.
The HCM City Real Estate Association (HoREA) has called on the Government to resolve problems related to legal and administrative procedures and access to funding and cut lending interest rates to revive the property market.
The HCM City real estate market is facing several problems like multiple agencies having overlapping functions and other administrative bottlenecks, high land-use fees and suspension of all build-transfer projects.
Housing prices continue to rise rapidly in HCM City because of a shortage of new supply, increasing population and lack of transport infrastructure in outlying areas.
The HCM Real Estate Association has suggested the State Bank of Viet Nam extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.
The HCM City Real Estate Association (HoREA) on April 10 urged the city to speed up the inspections of suspended property projects to protect real estate enterprises’ legitimate rights and prevent losses.
The HCM City Real Estate Association (HoREA) has proposed solutions for suspended property projects to avoid damages to the property market, project backers and the State.