property enterprises
HoREA’s firgures on estate inventories 9 times higher than Ministry’s statistics
MarketAccording to Ho Chi Minh City Real Estate Association (HoREA), compared to current statistics, the Ministry of Construction's statistics on the total real estate inventory value are incorrect as the inventories of many property enterprises are not fully taken into account. Developers must try harder to find solutions for the unsold products.
Property enterprises head over heels in debt
MarketExperts predict 2019 will be an extremely tough year for the Ho Chi Minh City’s real estate industry, since only a few projects got approval; banks tightened credit into real estate; and legal procedures of projects developed on public lands are inspected. These difficulties have made debts of property firms become bigger, with an increasing amount of inventories.