Cushman & Wakefield Vietnam has said that demand for apartments and townhouses in Ho Chi Minh City has slowed down as the central bank’s credit control policies have made it difficult to disburse loans to homebuyers.

Conference attendees discuss the real estate market and offer their opinion as banks tighten credit for real estate business.

According to Mr. Nguyen Van Dinh, Chairman of the Real Estate Brokers Association, public investment will be promoted this year and create a stronger driving force for economic development, to the benefit of the real estate market. Transaction numbers will grow, but prices for residential real estate will remain under pressure because of low supply, rising land prices, and inflation.