The latest survey released by the Urban Land Institute and PwC revealed that Ho Chi Minh City takes the fourth place in top Asia Pacific real estate markets with highest investment potential in 2017.
According to the latest City Investment Prospects survey and the annual Emerging Trends in Real Estate Asia Pacific report, Vietnam is now on the radar screen of most of the major investors in Asia-Pacific. As the country’s largest city, Ho Chi Minh keeps benefiting from capital inflows from Hong Kong, Japan and Singapore.
The report also noted that, although the market has to face a real risk of an oversupply in the apartment segment, sales of landed house remains as popular as ever. In addition, office rentals in Ho Chi Minh City are now higher than Bangkok. Those factors make it an attractive market for real estate investment in the region. Ho Chi Minh City is the Asia-Pacific’s 4th strongest real estate market in 2017.
Reportedly, Bangalore (India) outpaced former first-placer Tokyo to take the crown in Asia-Pacific. Meanwhile, Sydney and Melbourne also dropped from second and third place last year and gave way to Mumbai and Manila, respectively.
Other positions in top 10 include: Shenzhen, Jakarta, Bangkok, Sydney and Guangzhou.
According to KK So - Asia Pacific real estate tax leader at PwC, Investment Prospects survey of 2016 sees a strong shift away from the favorites of last year. Core markets in Australia and Japan used to be sought after, but now is the era of emerging-market destinations. Notably, several gateway cities are in the bottom half of the list, indicating their falling popularity in the region.
(Source: Lao dong)