HCM City among three best estate markets in Asia-Pacific: survey
Ho Chi Minh City is named among top three markets for real estate investors in Asia-Pacific, according to a survey unveiled in Singapore on November 12.
The survey was carried out by the US’ Urban Land Institute (ULI) and Pricewaterhouse Coopers (PwC) to compile a report on emerging trends in real estate in Asia-Pacific in 2020.
It reported that due to challenges posed by geo-politics in the region, real estate investors have shifted to less adventurous markets with fewer risks.
Singapore and Tokyo of Japan top the rankings, while Sydney and Melbourne of Australia claim the fourth and fifth place./.VNA
It is expected that kieu hoi (overseas remittance) will continue to flow into Vietnam, especially HCM City, which receives 50 percent of total remittances.
Ho Chi Minh City’s Real Estate Association (HOREA) has pointed out the problematic reality of Vietnam’s current real estate market and proposed changes for several regulations to improve the situation.
Viet Nam's growing tourism industry and thriving economy have drawn interest in the country's hotel and resort market from investors across the region, making Viet Nam one of the most talked about markets in Asia Pacific.