Real estate firms ready to face tightened lending requirementsReal estate firms need to scale up efforts to cope with more stringent lending requirements from banks from this year as well as the upcoming influx of new supply. According to Ngo Quang Phuc, deputy general director of Ho Chi Minh City-based Him Lam Land, most real estate businesses currently focus on four major capital sources: equity capital, joint venture (JV) capital, capital raised from customers, and capital raised from banks. “Dynamic businesses need to always be prepared when it comes to capital sources. Amid finite equity capital and more stringent lending requirements, firms must take initiative with the remaining sources,” Phuc said. Identifying market risks, lots of real estate firms have paid heed to enriching capital sources to reduce borrowing costs.

Source: VietNamNet News March 11, 2018 01:07 UTC