Five largest foreign real estate owners named

VGP - Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest foreign real estate owners in Viet Nam, according to a survey of the Commercial Real Estate Services (CBRE Viet Nam).

March 21, 2018 4:37 PM GMT+7

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Investors from Thailand, China and the U.S. are expected to invest more in Viet Nam’s realty market in the upcoming time.

Ha Noi and Ho Chi Minh City have seen increases in new supply and transaction volume over the past years.

Earlier, according to the recent report on Emerging Trends in Real Estate of PwC, one of the four largest professional audit services networks in the world, Ho Chi Minh City has developed to be ranked second in the real estate development potential in 2018, following Sydney.

The city is also the only developing market city to stand out in the top five cities of Asia-Pacific region having the biggest potential for real estate investment in 2018.

According to the National Financial Supervision Commission’s report on financial markets in 2017, real estate inventory of Viet Nam was some VND25.7 trillion (US$1.13 billion), a reduction of 17% compared with December 2016. Ha Noi and Ho Chi Minh City continued to be the cities with the largest real estate inventories, accounting for 40% of the country’s total inventory.

In 2017, the credit flowing into real estate trading and construction activities decreased slightly, accounting for 15.8% of the total credit.

By Thuy Dung