Real estate firms are offering higher salaries and brokerage fees to attract quality brokers in a market where homebuyers have become more cautious and demanding.
Prominent real estate companies reveals varying levels of success within the market, as demonstrated by different revenue and profit figures in the third quarter.
Reduction in share prices of many real estate businesses due to the novel coronavirus (COVID -19) outbreak has made those firms lose thousands of billion dong in their market capitalisation value.
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 State Bank of Việt Nam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms.
Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.
The Ministry of Construction (MoC) will carry out routine compliance inspections on investment and business practices at many big real estate firms in 2019, including MBLand, Mipec, Lac Hong, Thuong Tin and Eurowindow Nha Trang.
More than 300 domestic and foreign enterprises will display their products at 1,500 pavilions during the 2018 Viet Nam International Real Estate Exhibition (Vietbuild 2018) in HCM City from October 25 to 29.
While many real estate firms reported higher revenue and profits in 2015
and the first quarter, their share prices rose slowly or not at all in
the local market.
With lending to the property sector almost surely to be tightened,
analysts are calling on real estate firms to securitise their projects
and list their shares on the stock markets to raise money from the
public.