The real estate market in HCM City this year has yet to match the level recorded in 2006 and 2007, as financing is less plentiful and supply and demand remain unstable.

The financial market’s role in the market is becoming increasingly important. With credit policies now limiting lending to the property sector, developers and investors have found it more difficult to obtain bank loans to invest in property sectors.

In addition, there is an oversupply of apartment buildings in HCM City, with the situation expected to last until 2015.

With lower prices, property markets in neigh-bouring provinces like Binh Duong and Dong Nai are competing with HCM City to attract investors.

(Source: Vietnamnet)