The new land price bracket (period 2020-2024) has been proposed by many cities & provinces, showing a very high average increase, in some places up to 95%.
It is forecasted that the supply of apartments in Ho Chi Minh City will be limited next year. The primary price will continue to increase by 5-10% per year in the mid-end segment and increase sharply in the high-end segment.
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WHAT DO YOU KNOW ABOUT VIETNAM?
Vietnam’s reinvention as Southeast Asia’s most exciting tourist destination has long since been complete. This is young, growing, and anything feels possible.
Vietnam is one of the stars of the emerging markets universe. Its economic growth of 6-7% rivals China, and it exports are worth as much as the total value of its GDP.
Vietnam is fastly becoming the region’s hottest property market for Hongkongese, Taiwanese, Japanese, Singaporean and many Chinese investor, as prices at home continue to go through the roof.