The realty market will continue facing many insoluble difficulties plus tightening credit policies for luxury home purchases will prevent small investors from borrowing directing market demand more to the affordable segment in 2020. Property expert Tran Khanh Quang said that obstacles raised by developers for years have not been removed. Consequently, old housing projects and new projects are stagnant. Therefore, there will be a sharp fall in demand for luxury houses worth VND5 billion. Developers of luxury condo will withdraw because of shortage of capital as banks have tightened lending. Chairman of DKRA Property Company Pham Lam pointed out that developers have duped investors into paying reservation fees causing distrust amongst investors. Worse, lately, investors worried at the news of an investor committing suicide after he lost VND3 billion to buy a land lot in the southern province of Ba Ria-Vung Tau. As per the Department of Construction’s study, many younger generations don’t have their own houses or still live in their parents’ home accounting for 23.46 percent of the city’s population. Around 20,000 state-run employees have to live in rental houses. Also the study showed that 300,000 people want to rent social houses and 143,000 people want to buy…