The number of new households is very high and 90% of affordable houses are bought to create the attractiveness of the housing market in Ho Chi Minh City, making it the most vibrant place in the country.

Savills Vietnam’s newly released housing market report said that in addition to the data on attraction to foreign investors, the growth of foreign capital inflows (FDI) as well as remittances flowing into real estate, there are many Reasons create attraction of housing market in Ho Chi Minh City.

The ideal population drives the HCMC housing market

Population growth in Ho Chi Minh City and Hanoi is very high, accounting for 17% of the national population. Ho Chi Minh City is one of the cities with the highest urbanization rate in ASEAN. Savills’ report said that the population growth in Ho Chi Minh City will maintain the upward trend and lead the provinces.

The number of newly established households is extremely large

According to the census conducted by the General Statistics Office, from 2009 to 2016, Ho Chi Minh City had 134,000 newly established households, the highest rate in the country and a huge source of housing demand. future. The increase in the number of new families and the increase in the number of old houses are deteriorating, leading to a sharp increase in the demand for new housing.