Real estate businesses must continue to ‘weather the storm’
The most difficult period for the real estate market has passed, with the market beginning to show positive signs in late 2023 and early 2024, according to analysts. But, in general, business activities in the field still involve dealing with a host of issues. Real estate businesses need to adopt specific and feasible plans to pay off maturing bond debts, especially this year. At the same time, it is necessary to consider diversifying capital sources, reducing financial leverage, limiting investment spread, and aiming for transparency and professionalism. It is also necessary to focus on researching key points in the Land Law 2024, the Law on Housing 2023, and the Law on Real Estate Business 2023, to continue ‘weathering the storm’ and secure a sustainable foundation for the future.