Many people contact me and ask for investment advice in Asia. Not rarely, they’re interested in countries like Indonesia and Korea. Sure, Indonesia may have potentials over the long run, but ownership regulations are still not favorable to foreigners.
Korea doesn’t grow compared to many countries in Southeast Asia, unless you plan to stay there for personal reasons, I’d look elsewhere.
One of my favorite countries is undoubtedly Vietnam. I see a lot of potentials in Vietnam, even in the long run. In this article, I present 6 reasons why Vietnam’s property market is becoming increasingly interesting.
1. Eased ownership regulations since 2015
District 1 in Ho Chi Minh City, a quickly developing area
Prior to 2015, it was virtually impossible for foreigners to buy and profit from Vietnam’s real estate market. You were only allowed to own one condo unit, for self dwelling purposes.
However, with the new Law on Residential Housing (LRH) introduced in 2015, it’s become remarkable easier to buy property in Vietnam. Prior to that, people were eagerly standing on the sidelines, waiting for the market to open up.