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Analysis of Spatial Distribution of Apartments in Ho Chi Minh

  • Korea Real Estate Review
  • 2014, 24(4), pp.137-148
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

정유석 1,  Jaehwan Kim 2,  Joo Hyun Cho 3

1건국대학교 부동산학과
2백석문화대학교
3건국대학교

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ABSTRACT

This study focused on the apartment market in the real estate market of Ho Chi Minh, Vietnam where South Korean corporations were active with their investment and development projects. The analytical scope of the study included the spatial distribution of all apartments across the city, spatial distribution before and after the global financial crisis, unsold apartments, and foreigners-invested apartments. The ArcGIS led to the following findings: first, unsold apartments were usually located in the areas where the apartment prices were higher than publicly notified land prices. The study also examined apartment development before and after the global financial crisis and found that the development of large complex-type apartments became more active in urban outskirts after the crisis. The apartments developed by foreign companies were concentrated in the areas where the apartment prices were lower than publicly notified land prices, forming a cluster in certain areas of Zones 7 and 2 with low population density. Those findings will offer valuable data about the characteristics and location distribution composition of local apartment market in Ho Chi Minh to investors in the real estate market of Vietnam and serve as basic data to be consulted in investment analysis in future.

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