Property in Ho Chi Minh City is thrust into the limelight as its potential for capital growth is recognised.
Yearly returns for property investment and development in Ho Chi Minh City are anticipated to be in the region of 20 to 25 percent. This is according to the recent report, Emerging Trends in Real Estate Asia Pacific 2016, that is a collaborative effort between PricewaterhouseCoopers and the Urban Land Institute. The report accumulates the views of 343 globally recognised professionals in the industry such as lenders, brokers, consultants, developers and investors.
Ranking in fifth position for investment and fourth for development, Ho Chi Minh City is gaining even more attention for its prosperous market that is pushing it into the global spotlight. Jumping up impressively from its 19th position in 2014, Vietnam’s capital has gained significant momentum over the last two years.
Foreign investors are playing a huge role in this ranking. From countries that include Singapore, South Korea and Japan, investors are identifying growth in a market which the Vietnamese government is keen to aid by controlling inflation and working to stabilise their currency. Plus the government are also attempting to making it easier to borrow money and create an more simplified route for foreigners to access their market.
Interestingly cities ranked above Ho Chi Minh City are all in well established markets such as Tokyo which is in poll position, and followed by Sydney and Melbourne. One factor that is highlighting Vietnam as a place to invest is its choice in the investment assets in the market. Ranging from beach resorts, serviced apartments, and hotels, this enables investors to diversify portfolios.