Developer portfolios in restructure phase
09:00 | 31/12/2020
Less affordable housing is currently leading to price hikes, photo Le Toan
According to Nguyen The Nhien, deputy general director of Hung Thinh Land, the group has had to scale down its business due to the pandemic, and is carrying out more market research into its investment strategy. âWe are changing in the three key fields of developing more affordable products, offering reasonable price, and phasing out processes of payment to clients,â Nhien said.
According to the Ministry of Construction (MoC), the structure of real estate products in the Vietnamese market now is not sustainable with less proportion of affordable products, while this is now occupying the highest demand from buyers.