Real estate firm JLL Vietnam recently held an event titled ‘Vietnam Property Market, Boom or Bubble?’
The event at GEM Center attracted more than 140 attendees to the Ho Chi Minh City venue.
While everyone has their view on whether Vietnam is on the cusp of a property boom or a bust, it was Stephen Wyatt, Country Head of JLL Vietnam, who presented the topic.
He says: “With historical lesson in the development of Vietnam real estate, investors and occupiers had experiences and grew up in each of their roles.
“I believe the Vietnamese property real estate market will grow during the next two years on the foundations of both ‘stability’ and ‘sustainability’, despite of inevitable market challenges and with the diverse legal environment.
He concluded that Vietnam, alongside the global economy, is expected to have both positive and negative impacts in the near future.