Multiple realty firms exit market in Jan-Mar
HCMC – The number of real estate businesses pulling out of the market surged in the first quarter of this
The number of new market entrants also dropped 61.4% compared to the same period last year, at around 1,700.
Difficult access to bank loans, slow corporate bond issues and sluggish goods sales have forced developers to delay their construction and suspend projects.
Rising fuel and construction material prices have driven up input costs, making the situation worse.
Many property companies have changed their business plans and corporate governance, carried out debt and operational restructuring and cut jobs.