VIS Rating - Lựa chọn hàng đầu cho xếp hạng tín nhiệm

The delays in legal approval and project development since late 2022 had led to weak sales and profits for the property developers in Q1/2024. However, with interest rates remaining low and project approvals increasing since late 2023, we anticipate a mild improvement in developer sales and cash flows over the next 12-18 months as new projects are launched. Nonetheless, access to new financing from banks and/or the bond market is crucial to managing the high leverage and significant debt obligations coming due.

Residential Property Sector - 2H2024 Outlook