Expert: Cash-Rich Investors May Find Property Buying Opportunities in 2027
At an investment forum, experts offered differing views on asset allocation amid high interest rates. Some see investors’ liquidity pressures creating property buying opportunities in 2027, while others favor stocks, bonds and equity in private companies. These assessments are the experts’ views.
At an asset allocation discussion at the Vietnam Investment Forum 2027, Index Partners Executive Director Nguyễn Thị Minh Thu said property buying opportunities could still emerge even if interest rates remain high in 2027. Investors facing liquidity difficulties may sell quality assets at attractive prices, creating opportunities for buyers with cash on hand.
An asset allocation discussion at the Vietnam Investment Forum 2027.（VietVance）
Nguyễn Thị Minh Thu said that over the past two years, her personal portfolio has focused on income-generating property, followed by deposits and bonds, with gold accounting for the smallest share. She said rental properties can help cover ownership costs and maintain liquidity, while properties that generate no income may tie up capital for a long time. She also urged investors to watch for possible future taxes on second and third properties.
Index Partners Executive Director Nguyễn Thị Minh Thu.（VietVance）
Nguyễn Duy Linh, CEO of Saigon–Hanoi Securities JSC (SHS), takes a different approach to allocation. He said fixed-income assets account for about 30% to 40% of his portfolio, while he is increasing his allocation to stocks. He estimated that, excluding Vingroup-related stocks, the market’s price-to-earnings ratio is about 9.3 to 9.4 times; if corporate profits grow by 15% to 17%, the ratio could fall to about 8.5 times. These figures are his estimates and expectations.
Nguyễn Duy Linh said stock selection should focus on companies’ cash flow, operating performance over the years and balance sheets. He is not currently prioritizing further property investment because he has observed a decline in rental returns. Duc Tran of Vietnam Investments Group (VIG) said higher interest rates could increase companies’ need to sell equity stakes, creating opportunities for investors and private equity funds to acquire stakes, though investments across companies also carry concentration risk. Duc Tran said that over the coming year, he plans to reduce leverage in his personal portfolio and increase the share of more liquid assets, including fixed-income assets and stocks.
Source: VietVance
