Robert Mc Intosh, Executive Director at CBRE Hotels in Singapore, recently announced information updates on “Investment in property market in Southeast Asia and Vietnam”. In accordance, there is currently a clear tendency in which investors want to invest more in hotels in Southeast Asia compared to prior 1997 with number transactions being a lot higher than some developed areas like Hong Kong and Tokyo. The reason is that while property market in developed countries is expensive, the property price in emerging markets like Vietnam is still low enough despite of their nice growth, making investors pay more attention in such markets. In addition, CBRE also said international tourist in Vietnam increased sharply by over 26pct, which was accounted partly by the attention shift of tourists from Thailand to Vietnam due to Thailand’s current instability in political situation.
Source : CAFEF