vir
30.4 per cent of real estate companies, or a total of 554, were dissolved in the first five months of 2023. Along with this, the number of newly registered property firms decreased by 61.4 per cent on-year.
vir
In the first five months of 2023, 554 realty firms went out of business, up 30.4 per cent year-on-year. Others became worse off as their revenue and profit fell by nearly 7 and 40 per cent, respectively.
Bizhub
Mass dissolution and bankruptcy can strike so unexpectedly in the real estate sector that firms feel like they are living on borrowed time.
Bizhub
Shares maintained an uptrend on both stock exchanges, fuelled by solid cash inflows. Real estate and construction sectors led the gains.
vir
Despite improved liquidity compared to the outset of 2023, bank lending rates remain a key factor in resolving the current slowdown in the real estate market.
vir
Land and industrial infrastructure rental costs are increasing by approximately 10 to 15 per cent annually in Vietnam, but according to the most recent analysis by Vietnamese real estate market research firms, land rents for development and infrastructure in the country's industrial parks (IPs) remain competitive compared to other emerging markets.
vir
Inauspicious market conditions have compelled many producers to make a U-turn on ventures into real estate to focus on core areas.
Bizhub
Cash flow always looks to more attractive investment channels with higher returns, so when interest rates decrease, cash flow will shift from the savings channel to the stock and real estate markets, according to experts.
vir
The real estate business continues to be the most pressured and affected sector, reflected by the report on business registration in the first five months of the year, according to a report from the Ministry of Planning and Investment.
vir
The second home and resort real estate market is dragging through a slow recovery, with very few transactions in the first four months, although tourism numbers and new legislation are pointing in a healthy direction.