Residential Mobility, Housing Choice, and Price Determinants in Transitional Vietnam: The Case of Ho Chi Minh City

Abstract

Vietnam is a transitional country in Asia that has demonstrated remarkable economic growth since the Doi Moi policy was enacted in 1986. As a result of its economic achievements during the last few decades, rapid population increase and urbanization of metropolitan cities have provoked a housing shortage and the degradation of housing conditions. The main purpose of this study is to understand residential mobility, housing choice, and the determinants of housing prices in Ho Chi Minh City, with the aim of establishing recommendations for sustainable housing development in Vietnam. For the empirical part of this study, citizen questionnaire surveys and in-depth interviews were conducted in Ho Chi Minh City, property information was collected, and extensive analyses were carried out using independent tests and hedonic regression modeling. This study mainly constitutes three parts