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Foreign investors in Vietnam keep focus on Ho Chi Minh City, Hanoi homes

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Fiona Lam

Fiona Lam

Published Sun, May 29, 2022 · 10:00 AM
    • At Frasers Property's Q2 Thao Dien project in Ho Chi Minh City, foreigners made up about 30 per cent of the primary buyers, with Singapore, China and South Korea as the top 3 overseas nationalities. The selling prices averaged S$5,172 per square metre as at end-September 2021.
    • CapitaLand Development's residential project Define, located in Ho Chi Minh City, held its exclusive weekend preview in December 2021. About 20 per cent of the buyers were foreigners.
    • At Frasers Property's Q2 Thao Dien project in Ho Chi Minh City, foreigners made up about 30 per cent of the primary buyers, with Singapore, China and South Korea as the top 3 overseas nationalities. The selling prices averaged S$5,172 per square metre as at end-September 2021. PHOTO: FRASERS PROPERTY VIETNAM
    • CapitaLand Development's residential project Define, located in Ho Chi Minh City, held its exclusive weekend preview in December 2021. About 20 per cent of the buyers were foreigners. PHOTO: CAPITALAND

    IN Vietnam’s housing market, foreign investment demand continues to be concentrated in the country’s biggest cities of Ho Chi Minh City (HCMC) and Hanoi.

    The bulk of the foreigners snapping up residential assets in Vietnam are based in Asia, particularly Singapore, Hong Kong, mainland China, South Korea and Japan, according to London-headquartered real estate agency chain Chestertons, which opened an office in HCMC this year.

    “This is important, as regional travel will be the first to rebound while intercontinental trips will take longer to return to pre-Covid levels,”  said Chestertons Vietnam executive director Tony Picon.

    Property investmentForeign investmentVietnamHousingProperty developers

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