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Vietnam among most preferred emerging markets in Asia-Pacific: CBRE

The recently released 2024 Asia-Pacific investor intentions survey by CBRE shows that the real estate market of Vietnam ranks second among the top three preferred emerging markets, following India and preceding Thailand, in the region.
Vietnam among most preferred emerging markets in Asia-Pacific: CBRE ảnh 1The real estate market of Vietnam is among the top three preferred emerging markets in Asia-Pacific. (Photo: VNA)
HCM City (VNA) – Therecently released 2024 Asia-Pacific investor intentions survey by CBRE showsthat the real estate market of Vietnam ranks second among the top threepreferred emerging markets, following India and preceding Thailand, in the region.

This is a good sign reflecting the positive potential of the Vietnamese economy and foreigners’ plan to buy housing here, thereal estate service company noted.

CBRE Vietnam said investment flowsinto the country so far mainly come from Asian investors like Singapore, Japan,Hong Kong (China), and the Republic of Korea. The value of each transactionoften varies between 20 - 50 million USD.

Meanwhile, financial funds from moredeveloped markets in North America and Europe have yet to deeply penetrate theVietnamese market.

A large number of individualinvestors have begun paying attention to local real estate, the firm went on, citing data of the Ministry of Construction as showingthat about 4 million people, including foreigners and overseas Vietnamese, havedemand for buying houses in Vietnam in the future.

ChiefExecutive Officer for Avison Young in Vietnam David Jackson held that the Asia-Pacific,including Vietnam, boasts much potential for attracting more investment thanother regions in the world. Such factors as young population, economic growth, andconsumption habits in the region indicate a positive long-term prospect.

Accordingto the Statista company, Vietnam’s real estate market is worth 4.41 trillionUSD in 2024, while the Thai market is valued at 2.51 trillion USD.

Most investors in Vietnam areinterested in industrial and office property. The country’s strong andexport-focused economy has fueled trading activities, thus enhancing demandfor efficient supply chain and logistics management. Given this, investors are paying great attention to industrial real estate, CBRE Vietnam pointed out.

Apart from commercial real estate,land for housing development continues to grab attention of outside investors, it said,adding that many investors are seeking assets with decreased prices or thosewhose owners are facing legal or capital problems.

This trend highlights the resilience andattractiveness of the housing segment in the country, CBRE Vietnam said./.
VNA
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