Ho Chi Minh City is the fifth most preferred destination in the Asia-Pacific, according to a new survey by Coldwell Banker Richard Ellis (CBRE).

HCMC among investors’ 10 most preferred markets in Asia

According to Desmond Sim, Head of Research at CBRE Singapore and South East Asia, Ho Chi Minh City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as possessing the potential for greater appreciation in property values and higher yields.

This is the first time a city in Viet Nam has entered the top 10 preferred destinations in the Asia-Pacific. With the diversification of supply chains encouraging more manufacturing investment, industrial and logistics assets are keenly sought after, according to the survey.

Ho Chi Minh City ranked after only Tokyo. It was followed by Singapore, Seoul of the Republic of Korea and Shanghai of China in a poll of more than 490 Asia Pacific-based investors that asked a range of questions regarding their buying appetite and preferred strategies, sectors and markets for 2021.

It attracted nearly $4.4 billion worth of FDI last year, or 15% of the country’s total.

CBRE’s Asia Pacific Investor Intentions Survey 2021 was conducted between November 9 and December 14 in 2019.