Ho Chi Minh City high on global property growth index

The survey, conducted by real estate firm Savills, also ranked Vietnam's southern metropolis fifth in terms of investment prospects, and second for development prospects.

In a new publication entitled, "Impacts: the future of global real estate", Savills said that cities that are rich in resources, young and fast-growing, economic powerhouses, and are low risk for natural disasters, are ones to watch for over the next decade.

The city is an attractive destination for investors mainly due to the government's efforts to stabilise the local currency, control inflation, ease property lending regulations and improve market access for foreigners.