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High-End Apartment Project, Resort Will Be Difficult To Borrow Bank?

Recently, the Ministry of Construction has asked the State Bank of Vietnam (SBV) to increase the control of lending to high-end commercial housing projects and resorts.

The cause is identified because the Ministry of Construction is concerned in the near future Vietnam real estate market will likely surplus high-end apartment supply and lack of affordable housing supply.

By the end of the second quarter of 2016, outstanding loans in the field of real estate business is about VND425.025 billion, up 8.2% over the end of 2015. Of which, outstanding loans for construction and repair Buying the house for rent in combination with rent is VND 140.581 billion, up 5.15% compared to the end of 2015.

Luxury apartment project, resort
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Outstanding loans for investment in other real estate business is VND 92,634 billion, up 15.65%. Total outstanding loans for urban construction was VND 88.376 billion, up 25.62%.

Meanwhile, outstanding loans for construction, repair, construction of houses for sale or lease were VND31,925 billion, down 8.91% y / y and outstanding loans for the office building (leasing) were VND31,228 billion, down 5.13%, outstanding loans to buy land use rights is VND 25.901 billion, down 4.65%.

According to the State Bank of Vietnam, by the end of the second quarter / 20, NPLs for real estate investment and trading were VND 15,726 billion, accounting for 3.7% of total outstanding loans in this sector (VND 425,025 billion ).

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High-End Apartment Project, Resort Will Be Difficult To Borrow Bank?
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