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Property market in Vietnam faces headwinds, but market watchers see positives in the longer term

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Raphael Lim

Raphael Lim

Published Wed, Jan 25, 2023 · 03:26 PM
    • Maybank analysts note that property prices in Vietnam have skyrocketed in recent years and become increasingly unaffordable, particularly since the pandemic.
    • Maybank analysts note that property prices in Vietnam have skyrocketed in recent years and become increasingly unaffordable, particularly since the pandemic. PHOTO: RAPHAEL LIM, BT

    THE real estate market in Vietnam is facing headwinds currently amid a crackdown on irregularities in the corporate bond market. But experts see a low likelihood of a major real estate downturn, and do not expect systemic risks to arise.

    They also believe that there would be longer-term positives in the market.

    “The current property crisis is not likely to be systemic because of the real estate sector’s moderate size and limited linkages to the banking sector,” analysts from Maybank Research said in a recent note.

    Vietnamapac realtyAsean Business

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