In today’s ever-evolving global economic landscape, the real estate market remains a focal point of attention. The price trends in different cities act as an economic barometer, reflecting the vitality and potential of urban development. Recently, a list of global housing price increases was released, and the soaring prices in the top ten cities have sparked widespread attention and in-depth discussion among global investors.
At the top of the list is Ho Chi Minh City, Vietnam. This vibrant Southeast Asian metropolis leads the world with its astonishing price increases. As Vietnam’s economic center, Ho Chi Minh City has attracted a large influx of foreign investment in recent years, leading to the booming development of its manufacturing and service industries, creating numerous job opportunities, and boosting residents’ income levels. At the same time, the city’s continuous population inflow and strong housing demand, coupled with limited land resources and a relatively tight supply, have directly driven up housing prices. Many new developments have seen buyers queuing overnight to snap up properties, demonstrating the market’s intense competition.
Dubai follows closely behind in second place. As the financial, trade, and tourism center of the Middle East, Dubai attracts global billionaires and high-end talent with its open economic policies, advantageous geographical location, and luxurious lifestyle. Large-scale urban construction and infrastructure upgrades, such as world-class landmark buildings, luxury shopping malls, and high-end residential projects, have further enhanced the city’s attractiveness and competitiveness. In addition, various housing purchase incentives introduced by the Dubai government have stimulated demand in the real estate market, driving up housing prices.
Seoul, the capital of South Korea, ranks third. As the political, economic, and cultural center of South Korea, Seoul boasts high-quality educational resources, advanced medical facilities, and abundant job opportunities, attracting a large population. However, Seoul’s land resources are extremely scarce, and urban development space is limited, making it difficult for housing supply to meet the growing demand. Meanwhile, the South Korean government has implemented a loose monetary policy to stimulate economic growth, lowering mortgage interest rates and reducing the cost of homeownership, further stimulating buyer enthusiasm and driving up housing prices.
Manila and Tokyo also made it into the top ten. Manila, the capital of the Philippines, has a dense population, rapid economic development, and a huge potential real estate market. Tokyo, Japan’s core city, continues to attract a large influx of people, especially young people and international talent, despite the challenges facing the overall Japanese economy, thanks to its strong economic strength, well-developed urban infrastructure, and rich cultural resources. The scarcity of land resources in core areas has kept housing prices high and continues to rise.
The rapid rise in housing prices in these cities is the result of a combination of factors. Besides the aforementioned factors such as supply and demand, economic development, and policy support, the global low-interest-rate environment, inflation expectations, and limited investment channels have also prompted investors to invest in the real estate market to seek asset preservation and appreciation.
Against the backdrop of a booming global real estate market, various real estate exhibitions have become important platforms for industry exchange and cooperation. These exhibitions not only showcase the latest real estate projects, architectural technologies, and smart home products, but also host numerous high-level forums and seminars, inviting industry experts and scholars to share market trends and development experiences. They provide real estate professionals with a high-quality platform for exchange, networking, and finding cooperation opportunities. Through these exhibitions, the global real estate industry can better grasp market dynamics, promote industry innovation and development, and jointly meet future challenges and opportunities.
