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Vietnam housing market to get busier on foreign demand rebound, urbanisation

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Fiona Lam

Fiona Lam

Published Sun, May 29, 2022 · 10:05 AM
    • Hanoi's urban metro train running along the Cat Linh-Ha Dong line. Proportionally, infrastructure spend in Vietnam is one of the highest in the region, which will continue to reshape urban areas and land values, said Savills Vietnam's Troy Griffiths.
    • Foreigners made up about 20 per cent of the buyers at CapitaLand Development's luxury residential project, Define, in Ho Chi Minh City. Vietnam is expected to attract more expatriate workers, which will also boost demand for housing, said David Jackson, CEO of Colliers in Vietnam.
    • Hanoi's urban metro train running along the Cat Linh-Ha Dong line. Proportionally, infrastructure spend in Vietnam is one of the highest in the region, which will continue to reshape urban areas and land values, said Savills Vietnam's Troy Griffiths. PHOTO: AFP
    • Foreigners made up about 20 per cent of the buyers at CapitaLand Development's luxury residential project, Define, in Ho Chi Minh City. Vietnam is expected to attract more expatriate workers, which will also boost demand for housing, said David Jackson, CEO of Colliers in Vietnam. PHOTO: CAPITALAND

    ACTIVITY in Vietnamese residential real estate is expected to pick up in the coming years as the urban population swells and foreign buyers gradually return to the nation’s property market, industry players told The Business Times (BT).

    David Jackson, chief executive of Colliers in Vietnam, highlighted the country’s continued strong economic growth, rising middle-income class, improved purchasing power, and rapid urbanisation rate.

    Furthermore, demand outweighs supply in every real estate market segment in Vietnam, with “high levels of capital appreciation”, he said.

    VietnamHousingProperty investmentForeign investmentInflation

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