PRESS RELEASE
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HO CHI MINH CITY IS IN THE TOP FIVE MOST PREFERRED MARKET FOR INVESTMENT
TOP 10 PREFERRED CITIES FOR CROSS-BORDER INVESTMENT
BEIJING Ho Chi Minh City - 01 February 2021 - CBRE’s 2021 Asia Pacific Investor Intentions Survey, which polled more than 490 Asia Pacific-based investors in November and December 2020, uncovered an increase in investor interest in Ho Chi Minh City, which ranked fifth as Asia Pacific investors’ most preferred market for investments. With the diversification of supply chains encouraging more manufacturing investment, industrial and logistics assets are keenly sought after.
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SHANGHAI 7
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Hang Dang, Managing Director, CBRE Vietnam, says, “Ho Chi Minh City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as having the potential for greater appreciation in property values and higher yields.” Interestingly, investors who expressed interest in investing in Southeast Asia indicated that they are willing to pay more for real estate purchase. 39.4% of these investors are comfortable to pay more than 10% higher this year than what they are willing to pay in 2020, while 19.7% are willing to paying up to 10% higher. In the search for returns, investors looking at Southeast Asia are turning to value-add and core assets, even though there are some who are starting to look at distressed assets. Industrial/logistics and office remain their preferred sectors, while the hospitality sector is gaining favour.
SEOUL
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1 9
TOKYO
OSAKA
SHENZHEN
HCMC
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SINGAPORE
Legend
8 Top ten preferred cities*
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SYDNEY
MELBOURN E
Higher ranking than in 2020
*Cross border refers to respondents domiciled in a different country to the most attractive destination selected Source: CBRE Research, Americas Investor Intentions Survey, 2020.