The Binh Thanh Property Boom

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Ho Chi Minh City is rapidly expanding. Some estimates place its population over 20 million by the year 2020, and the city’s 23 districts are all preparing for the massive influx of humanity that such a surge in population will generate. Located deep in the heart of urban Ho Chi Minh—known locally and colloquially as Saigon, much to the confusion of historically-minded visitors—Binh Thanh District is one area that’s on the rise. Like many Southeast Asian cities, Ho Chi Minh has seen rapid expansion thanks to the Asian Tiger sweeping the economies of the Southeast, and the Vietnamese economic surge doesn’t look like it will let up anytime soon.

Binh Thanh Property Boom

In fact, Vietnam’s economy is growing faster than almost any other economy in the world, regularly placing in the top 11 growth economies, and far outstripping comparable Southeast Asian economic centers. The result of this is that Vietnam attracts not only visitors and tourists, but foreign expatriates as well, making it a lucrative location for property investors and home buyers alike. For now, Binh Thanh, with its ideal location in the midst of all the hustle and bustle of urban Ho Chi Minh, is an affordable area in which to purchase property, so you can truly take advantage of Vietnam’s surging economy and property market by buying up property in the Binh Thanh District.

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Property in Binh Thanh

Like many of Vietnam’s urban centers, Ho Chi Minh city boasts distinctive architectural history, with colonial-era French buildings looming over smaller Asian-style bungalows,all overshadowed by the skyscrapers that are a testament to the power of the Asian Tiger economy in full swing. A house for sale in Binh Thanh might be competitively priced now, but one look at the similar economies and markets of Singapore and Cambodia will tell you that this is a great time to invest in Vietnamese property. Last year, the Vietnamese government passed groundbreaking legislation allowing foreigners to buy property in Vietnam, opening the door for foreign investment and helping the Vietnamese economy to continue surging forward into the twenty-first century. If you’re looking for a sound, fast return on your property investment, you might want to consider the value of buying yourself a house in Binh Thanh.

Property in Binh Thanh

Investing in an Upcoming Area

Urban areas like Binh Thanh typically gentrify and appreciate in value far more quickly than rural areas, as they have all the pre-existing roads, transport, and other infrastructure necessary to increase property values over time, attracting visitors and residents alike. One of the more popular means of flipping a property is to buy it now, when prices are still relatively low, and renovate it over the course of a year or two with the intent of selling once the market has increased in value. The best way to do this is to do some research through an online property agency, as these provide comprehensive property listings and information as to the prices in the area and the types of property that are selling well. When you use an online property agency, you’re arming yourself with the knowledge and expertise necessary to take full advantage of Vietnam’s rapidly improving economic status, putting you at the forefront of the Asian property revolution.

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