Vietnam is the latest investment destination attracting more and more Chinese property buyers, reports the South China Morning Post (23 May 2018). Vietnam's rising appeal to Chinese investors lies in the fact that real estate prices in Vietnam are much lower than in Hong Kong, mainland China or Singapore. According to Carrie Law, CEO of Juwai.com, Chinese buyer demand for Vietnam was up by 300% y-o-y in Q1 2018, and although Thailand or Malaysia is still more popular, demand for Vietnam is on the rise. “Buyers with limited assets overseas are able to purchase properties in a rapidly growing market and diversify their investments. You can buy a 700,000 yuan (US$109,781) home in Vietnam with the money you have overseas, even if you can’t afford to buy a 5 million yuan home in Australia or the US,” said Law.
