Vietnam's real estate market in the first quarter had the lowest transaction volume in the past four years due to the impact of the Covid-19 pandemic, said Vietnam Association of Real Estate Brokers (VARS).
Despite the national and global economic downturn fuelled by the ongoing health emergency, Phnom Penh’s condominium projects remain on track to finish on schedule, according to real estate agency CBRE Cambodia.
The Ho Chi Minh City real estate sector provides more housing projects and subsidises rentals to boost the market amid the Covid-19 epidemic.
The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on Wednesday.
WHILE development projects have delayed construction due to the Covid-19 pandemic, construction of the two tallest buildings in Olympia City have not slowed, according to its project manager, Meng Chamroeun.
IN the US economy before the coronavirus pandemic, sales of new homes remained strong, albeit a bit slower than the weather-induced surge in January, the Commerce Department reported Tuesday.
Experts are optimistic about industrial property development prospects in Vietnam, given the country’s rapid integration and improving investment climate.
Developers have announced several measures to help home buyers, including offering discounts and more flexible payment terms.
A United Nations expert called Wednesday for governments to help prevent people from falling into homelessness during the coronavirus crisis by enabling them to defer mortgage payments and by imposing moratoriums on evictions.
While there are few, if any, signs of the real estate bubble bursting in 2020, Vietnam’s Ministry of Construction said that land prices could increase in some areas.