Converting commercial housing projects into social ones and allowing foreigners to buy houses are among the solutions to defuse the current sluggish real estate market, according to the Gove [ … ]

State intervention is always necessary when the market cannot adjust itself, and the Vietnam’s central bank has begun to take the move, said a senior economist.

 Real estate developers have sighed with relief after relevant ministries agreed to pump money into the frozen real estate market to rescue it.

Vietnam’s property market has not bottomed out and prices may continue to fall, a senior official said, advising homebuyers to wait for some more time before making any purchases.

The real estate price in 2012 dropped by 30 percent if compared with 2011. 

Prime Minister Nguyen Tan Dung on Dec 18 advised HCM City to restructure the real estate sector towards removing weak and ineffective players and providing housing to meet real demand.

The Vietnam Association of Financial Investors (VAFI) has sent a document to the Prime Minister, suggesting solutions to unfreeze the local property market, whereas economists said the marke [ … ]

The Ministry of Construction and enterprises have held many meetings to find a solution to rescuing the failing housing market in the last two months, but no real solutions have been found.

The recent moves by commercial banks of lending more capital to estate projects have brought high hopes to investors. However, analysts say the “exit door” remains too narrow for them.

&nbs [ … ]

Vietnam’s real estate market may continue to fall to next year as more banks sell their guaranteed assets and investors further cut prices.