Housing prices are lower than in many neighboring countries causing Vietnam became attractive to address about housing purchases come from China and Hong Kong.
South China Morning Post newspaper on 23 May for or house prices in Ho Chi Minh City currently average about 1,800 Hong Kong dollars per square feet (about 0.1 m2), only about 14% of the average house in Hong Kong , or by 18% of the houses in Singapore.
High-end property prices in central Ho Chi Minh City from 3,000-6,000 us dollars/m2, cheaper than half price of 7,000-9,000 us dollars/m2 for the equivalent property in Bangkok and 10% cheaper than in Hong Kong.
Therefore, Vietnam is rapidly attracting about property investment in Hong Kong and China.
Buyers from China, Taiwan and Hong Kong in 2017 to occupy 25% of the total number of foreign buyers trading in Vietnam, compared with 21% in 2016, according to the data of the CBRE Vietnam.
Demand for real estate in Vietnam of Chinese people in the first quarter of the year 2018 300% higher compared to the first quarter of the year 2017, according to the opinions of Mrs. Carrie Law, ceo of the online housing page Juwai.com , was a postal Sheet South China Morning quoted.
Foreigners see the home buying in Vietnam as a way to diversify the investment when they only own property restrictions in foreign countries.
For example with 700 thousand Yuan (109,781 227th), they can buy houses in Vietnam while with five million Yuan also could not afford homes in Australia or America.
Landscaping business in Vietnam are allowed to sell 30% of the flats in each building to foreigners because the law allows foreigners to own apartments and 50-year contract.
There have been many corporations invest in the real estate project member Vietnam. Singapore’s CapitaLand will deploy high-end residential project De La SOL in District 4, Ho Chi Minh City, to open the sale in Hong Kong at a price of 1.8 million Hong Kong dollars (229.321 us dollars) to 60-100 m2. This project is expected to be completed by the last quarter of the year 2020.
The Group has sold at least 300 houses of the previous project for the Hong Kong market in the past two years.
Abhinav Maheshwari, who works in the financial sector of Hong Kong, whose wife is Chinese, has paid 2 million Hong Kong dollars to buy an 87 m2 wide apartment in Ho Chi Minh City.
“We bought the House for investment. With the political stability of the Socialist Government, we see Vietnam likely to grow like China, “says Maheshwari told the South China Morning Post Newspaper.
The Chinese are massively gom land in the coastal city of Nha Trang
According to the business forum recently, housing prices increased dramatically from Nha Trang to the Chinese massively buy.
The newspaper said the people of China to Nha Trang by tourism, but not on that “weave about the villages on the outskirts of the city to buy the land, living works”.
Appeared many leaflets listing publicly by two Vietnamese and Chinese in Nha Trang.
The price of land in the hamlet, Phuoc Loc Dong is currently 10 million VND/m2 compared with 7 million previously.
Sheets for Workers or the Chinese ‘ hiding the ball ‘ Vietnamese people to buy land in Nha Trang. They hire people to stand in Vietnam to buy land worth tens of billions of VND.
Not just buy land in Nha Trang city, the Chinese rushed home collection, land in the commune, Vinh Thanh, Vinh Hiep, Vĩnh Trung.
Mr. Nguyen Van Phuc, Director of the land registry office of Khanh Hoa province, for workers to know foreigners are buying a home, land direct from the owner of the project but are not allowed to dealing with individuals.
He also said the Chinese people questioned that the name became popular.
“To prevent this situation, the professional bodies should enhance reviewing, handling”, he Blesses be the labor newspaper quoted.
Recently, Mr. Ding Zuyu, Chief Executive of E-House China Holdings is currently planning to invest in real estate in Ho Chi Minh City, to foreigners in general owners buy in Vietnam 100 years , instead of 50 years as current law, according to the Thanh Nien newspaper.