3 impressive numbers of the real estate market in early 2022
EASYcredit debt? Real estate reached nearly 744,000 billion VND
According to a report by the State Bank of Vietnam, as of March 31, the credit balance reached nearly VND744,000 billion. Outstanding credit for office projects for lease reached more than 45,500 billion VND, (5.8% of total outstanding loans). In which, outstanding credit for investment projects to build urban areas and housing development projects reached more than 188.1 trillion VND, accounting for 24% of total outstanding loans for real estate business. produce.
Outstanding credit for construction projects of industrial parks and export processing zones reached more than VND 33,300 billion, (4.3% of total outstanding loans).
Outstanding credit for projects of tourist, ecological and resort projects reached more than 33,500 billion VND, (4.3% of total outstanding loans).
Outstanding credit for restaurant and hotel projects reached nearly 58,000 billion VND, (7.4% of total outstanding loans).
Outstanding credit loans for construction and home repair for sale and rent reached more than 121,100 billion VND (15.4% of total outstanding loans).
Credit outstanding loans to buy land use rights reached 101,071 billion VND, (12.9% of total outstanding loans for real estate business.
Outstanding credit for other real estate investment and business reached more than 203,300 billion VND (25.9% of total outstanding loans).
By the end of March, credit growth of the whole economy reached 4.03%. Credit growth is growing much faster than the same period last year. The State Bank of Vietnam continues to keep the operating interest rate unchanged, creating conditions for credit institutions to continue reducing lending interest rates, supporting the recovery of the economy.
Nearly 2.7 billion USD of FDI in real estate
According to the Ministry of Construction, in the first three months of 2022, nearly 2.7 billion foreign capital poured into the domestic real estate market. This is the second largest FDI attraction.
According to the Ministry of Construction, Vietnam is still a potential destination for foreign investors and is well positioned to attract FDI into real estate.
Citing statistics from the Ministry of Planning and Investment, the Ministry of Construction said that in the first three months of 2022, real estate business is the industry with a sharp increase in the number of newly established businesses compared to the same period in 2021 (up 47.2%). . The number of real estate businesses returning to operation was 845, up 92.0% over the same period in 2021.
Real estate trading floors after the Covid-19 epidemic have gradually returned to operation with about 800 floors (400 floors in the first quarter of 2021). The mode of operation is also more flexible, especially the application of technology in management, transactions, payment, advertising, sales…
Real estate issues the most bonds
The Ministry of Construction also quoted statistics of the Bond Market Association as saying that in the first quarter of 2022, there were 48 separate bond issuances with a total value of nearly 31,000 billion VND (accounting for 78.09% of the total value of bond issuance). issuance) and 9 issuances to the public with a value of nearly 8,700 billion VND (accounting for 21.91% of the total issuance value).
The group of real estate businesses is currently leading in terms of issuance value with more than 17,200 billion VND, accounting for 43.36% of the total issuance value.
According to this ministry, real estate businesses that raise capital through issuing bonds on a large scale with high interest rates will pose risks to the market. Specifically, bond issuance is many times larger than equity, in some cases 40 times equity; short issuance term (from 3 to 5 years), especially for real estate enterprises to mobilize for project implementation (project implementation time is usually longer, over 5 years); Collaterals are real estates and projects, while the valuation of collateral may not be close to the actual price (a higher valuation than the actual value).
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
