High growth of middle income people and rapid urbanization power the Vietnamese real estate market to grow, according to SonKim Land CEO Andy Han Suk Jung.
During the first visit to Vietnam, World Bank Vice President for Sustainable Development, Laura Tuck reaffirmed the World Bank Group’s continued support for Vietnam as the country addresses the challenges of rapid urbanization and the impacts of climate change.
According to a dwelling research just launched by Savills, one of the largest property consultancy firm in Vietnam, in Q2 2017, there was a 67 per cent year-over-year (YoY) increase in sales to 11,600 units in Ho Chi Minh City whilst in Hanoi it was 13 per cent to 6,800 units.
The government of Vietnam is taking a pro-active approach to expand opportunities for low-income people in urban areas via better infrastructure, jobs and services.
