People sell properties at loss as pandemic hits incomes

[Jonathan Fairfield]

 

People in are selling off properties in HCMC and southern localities at a loss due to financial difficulties caused by Covid-19.

 

Quoc recently sold an apartment in Thu Duc City for a loss of over VND133 million ($5,855), or 5 percent.

 

He and his wife had paid 35 percent of its cost, but their income has fallen by 58 percent, which forced them to sell the property.

 

Tri of Binh Chanh District is in a similar plight and sold his VND2-billion apartment at a loss.

 

Full story: https://e.vnexpress.net/news/business/industries/people-sell-properties-at-loss-as-pandemic-hits-incomes-4347651.html

 

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