The new Real Estate Business Law, passed by the National Assembly in November and effective from 2025, could narrow the scope of regulation and tighten conditions for transferring real estate projects.
Burdened by large debts and complex capital mobilisation channels, many domestic real estate businesses are looking to sell off their assets as a last resort.
Difficulties in legal procedures are slowing down the flow of real estate mergers and acquisitions from foreign investors, with some units pausing or restructuring their strategies.
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