According to a statement by real estate consultant JLL, Vietnam is a rising star in terms of real estate investment with strong opportunities in the office, residential and retail sectors. Occupancy of Grade A office space in Ho Chi Minh City exceeded 95% in Q4 2016, while retail occupancy in the city’s CBD was over 92% for the same period. In the residential sector, the number of new apartments launched increased 46% from 2015 to 2016.
“The real estate sector in Vietnam has been hitting its stride since 2015, spurred in part by recent government reforms, such as stronger financial requirements for property developers and the relaxation of rules on foreign investment,” says Chris Fossick, managing director, Singapore and Southeast Asia, JLL.
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