Vietnam’s real estate sector has had a challenging year, with developers missing interest payments on debt, driven by a credit crunch and unfavorable government measures. The sector’s performance on the Ho Chi Minh City stock exchange saw a significant drop, with some developers facing financial troubles. While there are concerns about potential spillover into the banking sector, they are currently limited. The pressure is increasing as real estate bonds of approximately $6 billion are set to mature in the coming years. The real estate sector in Vietnam is facing significant challenges, with repercussions for developers and creditors.
Experts urge tax reform in real estate to boost homeownership
In Nigeria, stakeholders in the real estate sector are urging federal and state governments to review taxes in the sector...
