At the seminar Decoding Ho Chi Minh City’s land fever, while many experts were concerned about the unpredictable consequences of the virtual fever, Mr. Hien said that it is necessary to look directly at the reality that real transactions have taken place and in
Investment demand for high returns
Mr. Hien assessed that, in the period 2015-2016 and the first months of 2017, landed real estate, especially land, is considered a trendy investment channel.
In fact, land is easy to invest in and has a higher profit rate than other financial channels: gold, USD, stocks, bank deposits.
In the virtual land fever in Ho Chi Minh City, there are still many real needs.
The need to find a safe haven
Economic expert Dinh The Hien explained that to avoid depreciation (currency devaluation), people holding idle capital have chosen to simply put money into land.
The need to accumulate assets
Mr. Hien commented that buying land as savings is a traditional form of asset accumulation for Vietnamese people.
This expert analyzes that let’s do a comparison, apartments with affordable prices, convenient traffic connections, and full utility services are suitable places for residential needs.