Vietnam 2nd most attractive emerging property market in Asia Pacific: survey

Buildings in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam ranks behind only India as the most sought-after emerging property market in the Asia Pacific, according to a recent survey by property consultancy CBRE.

The survey, which polled investors in the region in the last two months of 2023 about their investment plans for 2024, has Thailand in third place.

The most attractive property segments for investors are industrial and office, it said.

Growing trade activities in Vietnam have fueled the need for supply chain management and logistics, and for this reason investors are interested in industrial real estate.

Foreign investors are also greatly interested in housing land and are actively searching for properties offered at discounted prices or whose owners face legal and financial difficulties.

Nguyen Pham Anh Duy, director of investment consultancy at CBRE Vietnam, said foreign investors have a long-term vision about the potential of the Vietnamese economy.

“Many investors are looking to sell their assets to new investors after holding for long.”

The survey pointed out that investors in the Asia Pacific are looking for double-digit profit growth from discounted properties.

But there is a supply shortage, and few projects that could generate good cash flows are publicly sold, the firm added.

Source: VNExpress