Vietnam Investor Weighs Selling Property for Higher Savings Interest Rates

Mai Lê, a reader from Hanoi, is seeking advice on whether to sell one of her properties and deposit the proceeds into savings. She currently owns four real estate assets: three landed houses in Hanoi and one apartment in Văn Giang, Hung Yen. One of her landed houses in Hanoi is potentially affected by the Hồng Hà (Red River) Landscape Boulevard project. Her total monthly income from these properties is around VND 24 million. Recently, savings deposit interest rates have become quite attractive, while the real estate market remains sluggish with decreasing rental yields. Mai is considering selling her apartment in an urban area in Văn Giang, Hung Yen, which is currently rented out, to convert it into cash for savings. She worries that property prices might continue to fall if she waits longer. She is asking for advice from experienced readers on whether this is the right time to sell some of her real estate assets to put money into savings. Information Source: VnExpress