Reasonable control of real estate credit

Simultaneous tightening will cause consequences for the whole economy. Recently, the Association Real estate Ho Chi Minh City has made a proposal related to the roadmap to control credit sources into the real estate market. The association believes that if immediately “tighten” both bond capital and bank loans, real estate businesses, investors, consumers and even credit institutions may face difficulties. towel.

According to the Ho Chi Minh City Real Estate Association, credit capital is currently an important source of capital for real estate businesses in the context of the limited capital market and lack of diversity. Controlling capital into risky segments is the right policy. However, if the capital is immediately tightened, it will directly affect the projects being implemented, making the supply in the market scarce, thereby pushing up house prices, possibly affecting those in need. housing demand.

Credit capital is currently an important source of capital for real estate businesses in the context that the capital market is still limited and lacks diversity. (Illustration image – Photo: Investment Newspaper)

The tightening of credit and the issuance of corporate bonds must be based on the assessment of the feasibility of real estate investment projects, the assessment of the financial plan of the enterprise, as well as the history of the enterprise’s operation. business to assess the credit of the business,” said Chairman of the Ho Chi Minh City Real Estate Association Le Hoang Chau.

“Tightening the credit line, of course, it will be more difficult for new capital sources to form new projects. Some projects have used bank capital, investors have to find a way to repay,” said Mr. Hoang Van Cuong. , Vice President of National Economics University, said.

The reason for recent real estate loans is somewhat tighter, some banks said that because of the high demand for capital for economic recovery after the pandemic, banks near the end of their credit limit will must be more selective to choose good loans. As for the general policy, banks only tighten capital with highly speculative projects, resort real estate…, the rest, projects that meet real housing needs of the people are still funded. .

“The State Bank has regulated a very modest lending rate for securities and real estate, only 5-10%. Banks themselves must comply with regulations,” said Mr. Nguyen Hung, General Director. Director of Tien Phong Commercial Joint Stock Bank (TPBank), said.

“Instances like the past will have a purifying effect on the market with investors who do not have high reputation, so it will be better for the market, staying will be investors who are able to deploy projects. better project”, commented Mr. Nguyen Manh Quan, Acting General Director of An Binh Commercial Joint Stock Bank (ABBANK).

Many people think that real estate also affects many different economic sectors, so good projects with business plans and ability to repay principal and interest should be considered and granted credit in a timely manner. .

“Real estate is not all bad, everything is risky. Residential real estate, industrial park real estate are still relatively well developed and the credit institution system still lends money,” said Mr. Can Van. Luc, BIDV’s chief economist, commented.

Besides bank capital, experts also encourage businesses to raise additional capital from contributed capital, shares, or foreign direct investment (FDI). These are important long-term capital sources to help the market develop healthy and sustainable.

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