HANOI (Xinhua): Vietnam's property market is expected to stay faltered throughout next year despite a slew of measures by the government to boost market sentiment, local Vietnam News newspaper reported on Monday (March 13).
The property market would not rebound until the end of 2024 as real estate developers still face financing pressure due to a tightening of credit supply from the banking system and restrictions on issuance of corporate bonds, said Nguyen Quoc Hiep, chairman of the Vietnam Association of Construction Contractors.
Already a subscriber? Log in
The Star 6.6 DEAL: 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
