Netland Real Estate Corp has set a target to achieve VND110 billion (US$4.74 million) in after-tax profit this year, a year-on-year increase of 53 per cent.
The real estate market remains strong since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure, thus attracting both domestic and foreign investors.
Real estate transactions slowed down in February because of the Lunar New Year holidays, the construction ministry’s Management Agency for Housing and Real Estate Market has said.
A number of high-end apartments here have been converted into medium-end
apartments and offered at lower prices to attract more customers and
reduce large inventories, experts said.