Chu Anh Tuấn, deputy general director of property developer Hà Đô Group, said recently his company expects consolidated profit after tax to be VNĐ700 billion (over US$30.43 million) this year.
Gamuda Land will launch two new high-end villa products for the Gamuda Gardens township project by the end of the year, proving its confidence in the development of Việt Nam’s property market.
HCM City authorities are demanding that district authorities strictly enforce regulations on separating land plots for sale, especially in suburban areas where the practice has led to rising prices.
State Bank of Việt Nam (SBV) Governor Lê Minh Hưng expressed confidence that the central bank would maintain the stability of the đồng/dollar exchange rate.
HCM City authorities have taken swift action to quell rumours spread by speculators and brokers that were threatening to cause a real estate bubble in outlying districts.
The real estate market is recovering strongly and attracting huge sums of money from banks, foreign investors and overseas Vietnamese.
Land prices in HCM City and neigbouring provinces are increasing, with real estate industry insiders attributing it to high liquidity.
The property market will continue recovering but experts told an online forum held by Đầu Tư (Investment) newspaper yesterday that they do not expect breakthroughs in the second half of this year.
Early alarm bells have been rung about the potential imbalanced development in supply and demand in the realty market.
With lending to the property sector almost surely to be tightened, analysts are calling on real estate firms to securitise their projects and list their shares on the stock markets to raise money from the public.