Interest is building fast in Vietnam’s luxury property market, reports the South China Morning Post (31 July 2020). After the government amended its Law on Residential Housing and opened the door to investment opportunities in 2015, Vietnam is gaining popularity as the new property investment hotspot in Asia. The relaxed rules enabled foreigners to buy up to 30 per cent of the units in each new residential project. Georg Chmiel, Juwai IQI executive chairman, says Chinese investors see in Vietnam's cities the next Shanghai or Beijing. “With Vietnam's economic and demographic outlook, they fully expect prices to climb significantly in the years to come, while remaining safely decoupled from real estate price trends in China itself,” he said. Juwai IQI's Vietnam market research report shows condo prices there much cheaper compared to Bankok.