Vietnam's real estate market allures investors

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(VOVWORLD) -Vietnam ranks 2nd most attractive emerging property market in Asia Pacific, according to a survey by CBRE on the intentions and plans of investors in the region this year.

Vietnam's real estate market allures investors - ảnh 1Apartment buildings on Nguyen Huu Canh Street, Binh Thanh District, Ho Chi Minh City. Illustration photo: Hong Dat/VNA

According to a representative of CBRE Vietnam, compared to other countries in the region, Vietnam is gaining more attention from investors because of its stable macroeconomic foundation and low interest rates.

Nguyen Pham Anh Duy, director of investment consultancy at CBRE Vietnam, said: “Investors are actively looking for and increasing their presence in Vietnam. Vietnam has also had interest rate cuts lately, making the real estate market more attractive.”

For the Asia-Pacific real estate market, including Vietnam, foreign investors are interested in segments such as industrial park and office property, and are searching for housing land.

Khanh Nguyen, Deputy General Director of Gamuda Land Vietnam, said: “A FDI capital flow from Malaysian corporations will continue to pour into the Vietnamese real estate market, focusing on land fund development. This is shown through our activities that we are still very active in working with local partners.”

According to CBRE analysis, by the second half of 2024, commercial real estate project buying and selling activities in Vietnam will accelerate as the market is expecting interest rate cuts by central banks in the region.