Deposit to buy a house

Berjaya - Handico12 Joint Stock Company (the investor) has received deposits from customers for the 88 Central Project for more than 5 years but has not implemented the project in reality. Photo: PV Group

Investor of Project 88 Central's business is poor, at times losing hundreds of billions of VND

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The 88 Central project has been "motionless" for more than 5 years, while the business situation of the investor is also poor, at times reporting losses of up to hundreds of billions of VND.

Project 88 Centrall after many years is still just a silent corrugated iron, while the investor has taken steps to request contract termination with customers. Photo: PV Group

Unexpected move by the investor of Project 88 Central after more than 5 years of slow implementation

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After more than 5 years of the 88 Central Project "stagnant", the investor Berjaya - Handico12 Joint Stock Company suddenly took action to request contract termination with customers.

The current status of Project 88 Central until early March 2026 is still a vacant lot surrounded by corrugated iron as shown in the picture. Photo: PV Group

Project 88 Central has been idle for more than 5 years, customers are waiting anxiously

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More than 5 years after paying the money, many customers who ordered houses at the 88 Central Project have not yet seen this project implemented in practice.

Tightening real estate deposit lending will help buyers be protected. Photo: Bao Chuong

Tightening deposit lending will reduce risks for real estate buyers

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HCMC - Due to not being eligible to open for sale, real estate brokerage companies often "circumvent the law" by signing agreement documents with customers.