Preuksa Real Estate Plc, the country's second largest developer, plans to bid for land in Ho Chi Minh City in mid-December to develop medium-priced housing units, according to chief executive and managing director Thongma Vijitpongpun.
He said the Vietnamese government was accelerating property development in Ho Chi Minh City's central business district and would open bidding for local and overseas developers.
''We're studying the Ho Chi Minh City property market and will examine property and land market prices late this month,'' he says.
