According to a recent survey conducted by property consultancy CBRE, Vietnam ranks just behind India as the most sought-after emerging property market in the Asia Pacific region. The survey, which gathered insights from investors throughout the region in the final two months of 2023 regarding their investment strategies for 2024, also places Thailand in third position.
The survey highlights that the industrial and office sectors remain the most attractive segments for investors.
The surge in trade activities within Vietnam has significantly increased the demand for supply chain management and logistics solutions, making industrial real estate particularly appealing to investors.
Foreign investors are notably keen on acquiring housing land, actively seeking properties offered at discounted rates or those entangled in legal and financial complications.
Nguyen Pham Anh Duy, CBRE Vietnam’s Director of Investment Consultancy, emphasized that foreign investors harbor a long-term perspective on Vietnam’s economic potential. He stated, “Many investors aim to divest their assets to new investors after a prolonged period of ownership.”
The survey underscores that investors across the Asia Pacific region are eyeing double-digit profit growth from discounted properties. However, there is a scarcity of supply, and the firm noted that only a few projects capable of generating substantial cash flows are available for public sale.