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Property developers go on hiring binge as they wait for post-pandemic recovery

Update: May, 09/2020 - 08:26


A property project in HCM City. Many property companies are recruiting large numbers of new staff to prepare for new projects. – VNS Photo

HCM CITY – Many property companies are announcing plans to hire new employees, indicating a positive signal in a market hit by the COVID-19 pandemic.

Nam Group is set to employ 500 people for its subsidiary, Nam Land, in all positions from marketing executives to directors of transaction centres.

Nam Group said the recruitment drive is aimed at selling over 10,000 units in its Thanh Long Bay this year after the pandemic ends.

The TLH Real-estate Transaction Centre has announced plans of employing 2,000 freelancers to develop business.

Asian Holding is employing 50-100 marketing staff since it plans to bring around 2,000 units into the market.

Giant developer Novaland Group has announced plans to employ thousands of consultants and some senior employees.

Speaking about the recruitment, experts said developers were preparing to bring huge numbers of products into the market after the pandemic ends, and need staffs to sell them.

The industry has been severely affected by the outbreak and many employees lost their jobs and have had to look for others as companies sought to cut costs.

With commerce slowing down drastically, a third of the around 1,000 real estate brokerages that used to exist have closed down, a report by the Việt Nam Real-Estate Brokers Association said.

Another 500 have suspended part of their operations.—VNS

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