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Swing trading of apartments no longer attractive to investors
14:00 | 20/12/2020
Apartments are seemingly not attractive for swing trading at this moment. - Photo cafef.vn
“Apartments are not as attractive as before and careful consideration must be given to swing trading,” Dao Van Duy, general director of Viet Nam Infrastructure Investment and Development Joint Stock Company told Dau tu Chung Khoan (Securities Investment) newspaper.
From the perspective of a developer, Duy said the reason the previously profitable apartment segment was not attractive to investors was encapsulated in the story of prices.
He said that with housing prices increasing continuously in recent years, developers had pushed prices to the ceiling, with the primary investors taking a large part of the profit and the possibility of any further increase in price being very modest. Many apartment building projects have not seen a price increase for ....

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