Ho Chi Minh City Is Top Promising City For Real Estate in APAC
Ho Chi Minh City drives attention when being ranked in Top 10 cities with potential for real estate investment in the Asia-Pacific (APAC), along with the most modern cities in the region.
Ho Chi Minh City – the city that never sleeps
Great Potential Of Real Estate In HCMC
The year 2022 has seen the recovery of APAC real estate markets, excluding China, following the impact of the Covid-19 pandemic. However, according to economic experts, before returning to the “golden age”, the market will face more challenges: inflation peaks, bank interest rates rise, stocks fluctuation, unpredictable movements and warnings of a global recession.
The report by PwC and the Urban Land Institute (ULI) on new trends in real estate sheds light on the investment and development trends of this market. In this report, experts have ranked the Top 10 cities with the most potential for real estate investment in the region and Ho Chi Minh City, with its remarkable growth rate, is one of them.
Ho Chi Minh City is highly appreciated for its potential for real estate investment in the APAC
Currently, new real estate projects in Ho Chi Minh City are mainly launched in the East (Thu Duc City) and the South (District 7, Nha Be). These areas are appreciated for their potential for expansion to reduce resident pressure on already crowded central districts.
Therefore, many projects located in many segments have been built in recent years. In addition to new launched projects such as Urban Green (Thu Duc District), The Alpha Residence – The 9 Stellars (District 9)…, the handed-over projects are still “hot” such as Empire City, The River Thu Thiem (District 2), Sunwah Pearl (Binh Thanh District)…
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Thanks to the increase in residential projects, infrastructure in Ho Chi Minh City is also well-invested to serve the increasing needs of urban residents, typically infrastructure projects are under construction and will be completed in the future:
- Metro Line 1 Ben Thanh – Suoi Tien (expected to go into operation in Q4/2023)
- Thu Thiem 3 Bridge (connecting District 4 with District 2) and Thu Thiem 4 Bridge (connecting District 7 with District 2)
- An Phu roundabout
- Ring Road 3
- Parallel Road Of Highway HCMC – Long Thanh
Metro Line 1 – the most anticipated project in the near future, expected to go into operation in Q4/2023
Currently, there are Thu Thiem Bridges 1 and 2 in operation
Ho Chi Minh City Is Top 20 Best Cities For Foreigners
In the report of Preply – a multinational foreign language company based in the US, Ho Chi Minh City was ranked 13th in the list of 20 best cities in the world for expats. The city of 10 million people is highly appreciated for its safety, reasonable rental and dining costs, and many attractive entertainment and entertainment spots.
Ho Chi Minh City is in the top of the best cities for expats, next to the world’s famous cities
With a vibrant and bustling market not only in the real estate sector, Ho Chi Minh City in general and the area of District 2, Thu Duc… in particular has been and is becoming an ideal place to settle down and settle down for international experts in Vietnam, creating good growth potential for the region.
Please contact Realtique for latest update of special projects and events on the market.
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