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In the context of high interest rates and persistent inflation, capital flows from the North are undergoing a strong restructuring. Instead of anchoring capital in illiquid assets, investors are increasingly prioritizing core assets that can generate stable cash flow. As financing costs rise, assets with flexible financial terms are becoming more attractive.
At the conference “Real estate market spotlight in Ho Chi Minh City,” experts said rising capital costs are pushing investors away from relying on price appreciation to cover financing expenses. Assets that depend mainly on appreciated value—or that do not generate real cash flow—face higher liquidity risk.
In contrast, assets that meet real demand in residential, commercial, or industrial sectors and can produce stable cash flows are increasingly preferred. Experts noted that this approach helps investors maintain cash flow and better withstand market volatility. The trend is especially visible among Northern investors, who are described as cautious.
Rather than focusing on high-priced central townhouses with low rents or speculative land, cash flow is shifting toward core real assets with real use value and long-term exploitation potential. Over the long run, this is framed not only as a defensive strategy, but also as a signal of more sustainable value accumulation as the market restructures.
The article highlights that a “36-month leverage” structure is seen as a key factor in easing capital pressure and activating cash flow early. Industrial townships with planned infrastructure and readiness for population shifts are described as emerging as core assets.
One example cited is LA Home, a mixed-use industrial ecological city project developed by Prodezi Long An and Huong Viet Properties. The project is located on Luong Hoa Binh Chanh Avenue and includes a 400 ha Prodezi industrial park, a 100 ha urban area, and a major transport link connecting Ben Luc to Duc Hoa and Ho Chi Minh City.
According to the article, LA Home offers investor terms designed to reduce early-stage financial burden. Investors are required to pay about 15% of their own capital until handover, expected in Q1 2027. The project also provides 0% interest and principal grace for 36 months. With initial capital around 1 billion VND (about 15% to 25% of asset value), investors can own the product while easing the financial burden in the early phase, potentially through 2029.
The 36-month window is also linked to the timeline for major infrastructure completion in Ho Chi Minh City, including Beltways 3 and 4, which the article says may help reduce capital pressure and capture an infrastructure inflection point when the asset begins operation.
Beyond infrastructure, the article points to population shifts as another growth driver. With land reserves and investment-friendly policies, Ben Luc is described as emerging as a new industrial hub in the southern region. The 2030 plan cited calls for 13 industrial zones totaling more than 4,500 hectares.
Experts said the growth of these zones supports demand for housing among engineers, skilled workers, and other professionals. LA Home is described as benefiting from its proximity to the Prodezi 400 ha industrial zone and other industrial zones within a ten-minute drive, which the article says can improve leasing potential for foreign professionals and strengthen yields.
The article also frames the approach as addressing capital constraints faced by investors in traditional markets while reinforcing the asset’s cash-flow profile.
Nguyen Minh Hanh is quoted as saying that to obtain such financing policy in a high interest-rate environment, the project must meet strict standards set by banks. These include legal clarity, title transfer, construction progress, and the sponsor’s financial strength. The article adds that this effectively acts as a safety guarantee for the project.
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