Despite not showing much sign of recovery, the real estate market is exhibiting a surprising ability to absorb investment from all available capital sources, including banks.
Since the beginning of this year, banks have lent to several property projects. In the country's two biggest real estate markets. Ha Noi and HCM City, around 10 major projects alone have absorbed around US$1 billion in bank credit.
At NCG Residentials, to be completed in 2011, 71 percent of the units have an area of 55 -sq m.