The HCM City real estate market, which is considered very sensitive to any state policy, surprisingly remains quiet despite the news about allowing foreigners and Viet Kieu to buy houses, which has been expected to stimulate market demand.
Analysts say that the draft decree does not have much impact on the market. Viet Kieu also are not purchasing houses at this moment, they will only buy houses when the prices become ‘softer’.
Hoang Thanh, a Viet Kieu in Germany, said that though the land price is on the decrease, he still finds the policies too unclear. “I will wait for some more time until the bill is ratified and will make a decision after that,” he said.
