Foreign Investment Driving Vietnam Property Market

• 3 January 2019
• Local News
• 1175 Views

Vietnam’s booming residential property market has seen foreign investors account for the majority of all large property transactions in 2018, according to CBRE.

In an interview given to local Vietnamese mediaVNA, Vikram Kohli, Regional Managing Director of Southeast Asia for CBRE, explained that 50% of all residential deals in Vietnam this year have been from Asian investors. Investors from Singapore, Hong Kong and Taiwan are the biggest purchasers of serviced apartments and condominiums, representing 75% of the buy-to-let market.

Kohli also pointed to this trend being partly responsible for the 15% rise in property prices in HCMC since 2016, in a national economy growing at 6.8% per year.

Foreign investors are not merely entering Vietnam to set up operations, but also committed to keeping their money here—they are in it for the long run, suggested Kohli.

• Analysis
• Business and Market