{"id":1378,"date":"2019-01-30T10:45:11","date_gmt":"2019-01-30T10:45:11","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1378"},"modified":"2021-06-04T14:06:53","modified_gmt":"2021-06-04T07:06:53","slug":"vietnam-now-the-second-most-popular-destination-for-south-korean-property-investors","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/vietnam-now-the-second-most-popular-destination-for-south-korean-property-investors\/","title":{"rendered":"Vietnam now the second most popular destination for South Korean property investors"},"content":{"rendered":"<p><strong>Investors holding out for a decade of profits in fast-growing ASEAN economy<\/strong><\/p>\n<figure id=\"attachment_1379\" aria-describedby=\"caption-attachment-1379\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1379\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/Vietnam-now-the-second-most-popular-destination-for-South-Korean-property-investors.jpg\" alt=\"\" width=\"1000\" height=\"666\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Vietnam-now-the-second-most-popular-destination-for-South-Korean-property-investors.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Vietnam-now-the-second-most-popular-destination-for-South-Korean-property-investors-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Vietnam-now-the-second-most-popular-destination-for-South-Korean-property-investors-768x511.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1379\" class=\"wp-caption-text\">Dragon Bridge in Da Nang, Vietnam. Tang Trung Kien\/Shutterstock<\/figcaption><\/figure>\n<p>While the US still commands the bulk of real estate investments from South Koreans, Vietnam is\u00a0hot on its heels.<\/p>\n<p>Vietnam is the second most popular destination among South Koreans for overseas property investment with USD56.1 million in 2018, according to Bank of Korea data released Sunday. It trails only the US, which received USD255.2 million in property investments\u00a0last year.<\/p>\n<p>With foreign ownership laws relaxing in Vietnam since 2015, South Koreans have been wont to buy condominiums in the Southeast Asian country, mostly\u00a0for around KRW300 million (USD269,000), reported\u00a0<a href=\"http:\/\/english.chosun.com\/site\/data\/html_dir\/2019\/01\/28\/2019012801146.html\" target=\"_blank\" rel=\"noopener noreferrer\">The Chosunilbo<\/a>.<\/p>\n<p>\u201cAs the Vietnamese economy grows at breakneck speed, home prices are expected to soar, and many people are purchasing several apartments there expecting profits 10 years from now,&#8221; Park Sang-wook at Woori Bank said.<\/p>\n<p>Other Asian countries have proven to be almost as attractive. Thailand gained USD15.5 million in South Korean property investments last year, while Japan welcomed USD15.8 million.<\/p>\n<p>Canada ranks\u00a0as the third biggest market for South Koreans\u00a0with USD16.9 million.<\/p>\n<p>Overall, South Koreans parked USD445.1 million in overseas properties in 2018, an increment of 47 percent from the previous year. The figure\u00a0is also 3.8 times higher than five years ago.<\/p>\n<p>Most restrictions on South Korean\u00a0investments\u00a0in overseas real estate were lifted in 2008.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors holding out for a decade of profits in fast-growing ASEAN economy<\/p>\n","protected":false},"author":2,"featured_media":19807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vietnam now the second most popular destination for South Korean property investors | Asia Property 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