HCM City – a promising property market in Asia Pacific

Ho Chi Minh City has good prospects in terms of the development of the real estate market in the Asia-Pacific region in 2009, according to PricewaterhouseCoopers (PwC) and the Urban Land Institute headquartered in the US.

In recent survey entitled “Emerging Trends in Real Estate - Asia Pacific ’08”, HCM City is listed as the strongest property development market in the region, second only to India’s Bangalore State and outranking 17 other Asian cities.

The city is also the top market for investment in the office sector and one of the most promising markets for apartment rental investments.

Regarding industries and services, the city ranks second among potential markets, as its property market has not been much affected by the global financial crisis, and remains attractive to investors thanks to huge profits.

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