Investors need to look beyond first-tier cities and at new types of assets to make profits, including emerging markets such as Viet Nam, as the Asian property market slows.
A study by Nomura Research Institute (NRI) of Japan estimated the value
of Viet Nam''s property market at US$21 billion, a far cry from that of
some of its neighbours.
Viet Nam''s property market is revising but depending too much on the
financial market, which makes investment still risky, so developers
should take prudential steps towards the market.
Government officials and experts met yesterday to discuss ways to
revitalise the property market through several measures, including
resolving bad debts, adjusting land prices, and balancing supply and
demand.