Vietnam high-end home prices could fall over 10%, expert warns

High borrowing costs punish property speculators in Southeast Asian nation

20230223 vietnam property decline

Vietnam is experiencing a rare reversal in its property market with an oversupply of high-end apartments and shortage of regular housing. (Photo by Lien Hoang)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- High-end home prices in fast-growing Vietnam are poised to fall this year as property speculators struggle with higher mortgage costs and are being forced to sell, according to industry executives.

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