Monday , November 25 2024

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Debt buries farmers trying to flip property in frozen market

Debt buries farmers trying to flip property in frozen market

Toan, a 50-year-old farmer in a remote central highlands commune, is in debt tens of billions of dong (VND1 billion =$42,900) after reaping big profits during the “land fever” of 2021. Like so many others in Lam Dong Province and other rural areas of southern Vietnam, Toan saw the value …

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Apartment market to continue slumping this year

The supply of apartments in southern Vietnam, especially Ho Chi Minh City and neighboring Binh Duong Province, is expected to fall 25% in 2023, according to property consultancy DKRA Vietnam. Decreasing demand for apartments in the region is also forecast to continue through at least the middle of the year. …

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