Vietnam property market is booming and the country is becoming a popular site for upscale properties. Because of stable currency, competitive labour cost, and smooth business transactions, this Southeast Asian country did attract more foreign investors over the years.
At the present time, Ho Chi Minh, Vietnam is the frontier in luxury real estate market. A vibrant city that features billion dollar modern residential and commercial developments. Whereas Hanoi is the opposite since the property market is quiet. However, this comparison is based in investment purposes.
Property investors often go to Ho Chi Minh city since people in Hanoi prefer to own houses of their own. Prospect market in Ho Chi Minh perceive houses for rent. For this reason, property enthusiasts invest in the latter due to higher rental profit.
Money down on investment property in Ho Chi Minh
One of Asia’s fastest-growing city, Ho Chi Minh’s high-end condominium prices rose in 17% as of 2018. According to CBRE Group Inc., the average cost of a prime unit in the city is $5,518 per square metre. Since the market is performing well, the group also predicts that property value will increase by early 2020.
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