Topic: Now’s the time to buy
Property developers have slashed prices drastically to stimulate buying interest in a flagging real estate market, but they are not likely to go down further, industry insiders say.
Le Quoc Duy, deputy general director of real estate developer Hoa Binh Corp., said many investors are now accepting to sell houses at prices that won’t fetch big profits, and some are even ready to suffer losses as they need to pay off bank loans.