Despite measures to tighten lending for property speculation, real estate prices in Ho Chi Minh City are expected rise, although at a slower pace.
Other property trading centers in the city have been experiencing a similar decline in transaction volume over the past week, which some say is caused by commercial banks’ decision to tighten credit on property loans.
Banks last week tried to limit their exposure to Vietnam’s risky land market, tightening the guidelines for property loan applications in a bid to minimize lending to speculators.
