Most foreigners are investing into properties for sale along the new metro line that leads from District 1 (CBD) along Binh Thanh and District 2 to District 9 where the Saigon Hi-Tech Park is located. Foreign Direct Investment (FDI) is driving the influx of expats working for multi-national corporations or business start-ups which, in turn, continue to drive demand in the leasing sector, both for office space as well as quality rental accommodation. Increasing demand for quality homes from the vastly increasing middle and upper class as well as the influx of foreign investors have driven the property market, particularly in the high-end and luxury segment.ДЄs a relatively young property market, Ho Chi Minh City lacks supply in the luxury segment, particularly in inner-city locations which are most sought-after by foreign investors due to the high potential for capital appreciation as well as excellent rental yield expectations. Real Estate in Ho Chi Minh City has seen incredible growth in the past years, especially since the new housing law came into effect in July 2015. It is the combination of cultural vibe, flourishing start-up environment, and the concentration of cutting-edge firms and technology that draw talented people to Ho Chi Minh City. ThisВ education-oriented and energetic generation is an important factor contributing to a unique start-up culture and a solid entrepreneur community. The cityвЂ™s business scene is very dynamic and fascinating with a young workforce with a median age of 30.1 years.В There are over a million of young people coming into the labour market every year. That attracts a sizeable expat population, be it either managerial staff in the factories, multi-national companies (MNCs) or international firms located here. The various industrial parks and economic zones around this metropolis of over ten million people account for around 25% of VietnamвЂ™s industrial production. Among them are Samsung, Intel and Taiwanese mobile phone supplier Foxconn. Many multi-national corporations are locating or expanding their manufacturing plants in Vietnam.

The manufacturing sector is seeing increasing investment into new factories, particularly from companies relocating from China where labour costs have risen to three times the average wage of Vietnam. The government aims to raise GRDP per capita to US$9,800 in 2020. In 2016, Ho Chi Minh CityвЂ™s GDP per capita reached US$5,428, over two times higher than the countryвЂ™s average.

Ho Chi Minh City is the economic centre of Vietnam with a 7.5% GDP growth rate and a total FDI of US$2.8 billion in the first half of 2017.

Powerhitz office mix