Real estate remains attractive for foreign investors

HCMC – The coronavirus pandemic has been disrupting the operations of hotels in HCMC, the country’s largest tourist center, forcing many to shut down.

The Ministry predicted that “bubbles” in the market are unlikely in 2020.

However, it also forecast possible land price hikes in areas designated to become special zones or new residential areas with synchronous infrastructure, as well as in housing projects that are located in downtown areas, developed by prestigious investors, and with rapid construction progress and good infrastructure.

This is also the rule of the market, the Ministry noted.

Meanwhile, the market may witness a decline in certain segments due to supply-demand imbalances or difficulties in certain property projects, especially in the two largest metropolises of Hanoi and Ho Chi Minh City.