Today’s news roundup: High home prices weigh on sales liquidity in HCMC; real estate keeps adjusting expectations
Amid ongoing pressure from purchasing costs and access to capital, multiple signals suggest that real estate liquidity remains strained. In Ho Chi Minh City, high-priced homes are becoming increasingly difficult to sell, with demand weakening and high-end apartment units taking longer to change hands. Related concerns are also highlighted through a case study of a home loan where interest and transaction expenses reduced overall effectiveness, underscoring cost-related risks in leveraged purchases. At the macro and international level, reporting from the Federal Reserve Bank of New York indicated that in Q2, mortgage delinquency related to home loans in the U.S. rose to the highest level in more than 10 years. Meanwhile, within Vietnam, hotel market performance shows a contrasting picture: Savills reported that hotel room rates in Ho Chi Minh City increased by 20% in Q2 compared with the same period last year, supported by international leisure and business demand as well as conferen...