In the total number of foreign housing transactions in Vietnam, the purchase of foreign investors in Ho Chi Minh City, HCM accounted for 70%. Why City HCM occupiessuch an overwhelmingposition?
Information on Ms. Nguyen Hoai An, director of CBRE Vietnam branch in Hanoi launched at the market focus anouncement meeting Quarter 1, on April 4th
Also according to Mrs. An, the observation process of CBRE shows that TP. HCM HCM has always been a local leader in the number of foreigners selling houses. According to the calculation, the amount of transactions of foreign investors in HCMC. HCM makes up 70% of the total number of foreign home purchases in Vietnam.
The reason for foreigners to pay attention to the housing market in City.HCM is because it is the largest municipality in the country in terms of population size, economy. City. HCM was also a place to invest in foreign and preferred foreign enterprises.
So Mrs. An said that naturally a very interested alien market housing in Ho Chi Minh City. Especially in the two-year ( 2017-2018) interest of foreigners, make the house purchase transactions quite strong.
There is still no specific statistics on the number of foreigners who buy houses in HCMC. But it is possible to judge the amount of apartment for sale to foreigners is still not much. Accordingly, out of about 5,000 homes for sale in TP. HCM in the last quarter 1, the high level of apt is the sefment which foreigners choose to buy for only a very small proportion.
In each quarter, the amount of foreign house purchases only occupy an average of less than 10%, the number of the remaining apartment is sold to the Vietnamese.
Previously, Mr. Nguyen Trong Ninh, director of the Department of Housing and Real estate market, Ministry of Construction each local requirements on the country need to be reported on the situation of foreigners, and overseas Vietnamese to buy houses in Vietnam. However, up to now, the Department has not received sufficient data from provinces and cities, so there is no accurate data on the number of foreign individuals and organizations that own houses in Vietnam.
