While on business trip, I always visit some new showflat.
Take up rate is slow; because developers now try to sell at higher price due to better location.
Taiwan and China citizens are still avoiding VN (especially HCM) due to riot at their factories.
I also notice restuarants and businesses relying on Chinese closing down, or rebuilding into other type of business. (closed restaurant and build 3 storey office on top of restaurant)
I felt that current VN properties is bottom rolling. I cannot get any lower as it will be close to FOC.
I also saw a local purchase a shop in Quan 8. (District 8) US$50,000 for a shop which now do manicure business with a living space on second floor.
Everything come with one or few risks. No free ride in this world.
If I am not wrong, the property market crashed 2 years ago and many developers went bust as there were too much of easy lending for too many projects all at one go when the Government open up its doors to foreign investment.