High-end Vietnam coastal properties face inventory, liquidity issues

A coastal real estate project in Phan Thiết City in the south central province of Bình Thuận. — Photo cafebiz.vn

HO CHI MINH CITY: Vietnam’s luxury coastal real estate market is facing significant challenges due to excess inventory and liquidity issues, industry insiders say.

Property developers are struggling to sell high-end properties, resulting in higher financial costs from bank loans used to develop these projects, they said.