Tag: business challenges.
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The Capital Expedites Old Apartment Renovation
A slew of old apartment buildings in Hanoi will require approval for detailed planning at a scale of 1/500. This crucial step sets the foundation for subsequent processes in the transformation and rebuilding of the city's aging apartment blocks.
The Great Apartment ‘Price Race’ Between Hanoi and Ho Chi Minh City
The average price of newly launched apartments in Hanoi in 2024 is 75 million VND per square meter. Ho Chi Minh City, on the other hand, recorded a staggering record of 91 million VND per square meter, a significant 19% higher than Hanoi's property prices.
“Cash Flow Woes: The Ongoing Challenge for Real Estate Investors in 2024”
Operating cash flow remains negative for most developers in 2024, as many have increased disbursements to expedite project development. VIS Ratings anticipates an improvement in this metric in 2025, as cash inflows from sales, led by prominent developers, are expected to surge.
