That is the statement of Mr. Le Tien Vu - Chief Executive Officer of the Cat Tuong Duc Hoa Real Estate Company.
According to Vu, during the previous year, the affordable apartment segment remained the mainstream of the nation's propery market. However, the apartment demand focused on luxury and resort segments, he added.
Meanwhile, the land segment recorded an impressive increase in the reviewed period. Notably, as of the end of last year, land in the coastal areas of Ho Chi Minh City such as Can Giuoc, Duc Hoa (Long An), Bien Hoa, Nhon Trach (Dong Nai) became more active when a series of new projects have been offered to attract more investors as well as customers with demand.
He said that in 2017, gold and foreign exchange are predicted to be no longer attractive investment channel, while the apartments is forecast to grow slighly. So, the land segment, especially in the urban's outside areas could become the key channel to attract investment, he noted.
According to Vu and some business leaders, high housing price, which is forecast to continue to rise, will lead the high demand to land in coastal areas of HCM City where have completed infrastructures, convenient transportation and abundant land.
According to Boston Consulting Group, Vietnam’s upward trajectory looks set to continue, despite the slowdown affecting other Asian countries. It posted GDP growth of 6.2 percent last year – a figure that’s forecast to rise to 6.7 percent this year amid the growing affluence and higher consumption levels of the country’s middle class.
Vietnam’s middle class is expected to double to 33 million people by 2020 while Ho Chi Minh City is home to Southeast Asia’s fastest-growing middle class.
According to Vu, during the previous year, the affordable apartment segment remained the mainstream of the nation's propery market. However, the apartment demand focused on luxury and resort segments, he added.
Meanwhile, the land segment recorded an impressive increase in the reviewed period. Notably, as of the end of last year, land in the coastal areas of Ho Chi Minh City such as Can Giuoc, Duc Hoa (Long An), Bien Hoa, Nhon Trach (Dong Nai) became more active when a series of new projects have been offered to attract more investors as well as customers with demand.
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According to Vu and some business leaders, high housing price, which is forecast to continue to rise, will lead the high demand to land in coastal areas of HCM City where have completed infrastructures, convenient transportation and abundant land.
According to Boston Consulting Group, Vietnam’s upward trajectory looks set to continue, despite the slowdown affecting other Asian countries. It posted GDP growth of 6.2 percent last year – a figure that’s forecast to rise to 6.7 percent this year amid the growing affluence and higher consumption levels of the country’s middle class.
Vietnam’s middle class is expected to double to 33 million people by 2020 while Ho Chi Minh City is home to Southeast Asia’s fastest-growing middle class.
