Wednesday, March 4, 2009

The real estate market in Ho Chi Minh City is warming up

Looking back at Thanh Nien photos in late 2007, with people fighting in queue to buy a condo at The Vista apartment building, I couldn’t keep myself from laughing.

People had to sleep in the line all night to be at the office when the doors opened in the morning, and struggle all day to keep their place so that they could sign a contract to buy a place to live for the rest of their life.

A year further on, buyers are in a better position.

Housing investors have launched many promotions such as big price cuts; helping buyers to finish documents in half a day to borrow from banks at low interest; supporting buyers by paying 4 percent of the interest in the first year; and free refreshments while agents drive customers to inspect properties.

Vietnam Real Estate News

Chao Vietnam Properties