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An Asian retail investment wave is breaking on Vietnam’s shores.
Vietnam’s real estate market is between a rock and a hard place and nowhere is this more true than in the high-end apartment segment.
Property insiders say the price of apartments in Vietnam is going to continue trending down as developers fight to stay afloat.
“Many developers may offer more discounts as there is little love out there”
It has been a mixed bag for Vietnam’s property segment in 2011’s third quarter.
The never ending property pricing debate continues to rumble on with buyers suffering the consequences.
Mapletree, a Singaporean property investor in Vietnam, recently revealed that it is going to launch a Vietnam-focused private real estate fund over the next couple of years.
With the property market under siege because of high inflation and tightening lines of credit, both developers and customers are looking at alternatives to investing in luxury second homes.
With the government swooping down on enterprises quoting US dollar prices, real estate developers are resorting to other means to calculate the value of their products.
Shopping malls out of Hanoi’s central business districts are offering retailers opportunities to cash in on untapped markets.