Property prices have been on the rise, causing economists and industry insiders to support stronger tax measures to keep prices in check while urging caution in their implementation.

Up to 92 percent of the respondents said they intend to purchase a home in Vietnam and more than half of them wish to buy a home within the next two years, according to a study by property portal Batdongsan.com.vn, a member of Singapore-based property technology group Property Gurus.

A recent survey by Savills found that gap of property prices are narrowing between urban and surrounding areas as more facilities are offered to compensate for outer locations.

Ho Chi Minh City’s plan to establish Thu Duc city by merging Districts 2, 9 and Thu Duc has caused property prices in the three eastern districts to increase sharply.

Many commercial banks in the country have increased loan interest rates by 1-2 percent to investors in real estate as property prices continue to rise.

Foreign investors should take account of buying a property in Vietnam at this time as the market is offering great opportunities, according to the UK-based Financial Times newspaper.

Property prices are skyrocketing along HCM City's proposed metro lines.

Property prices are expected to increase by five to 10 percent in the year of 2016, especially hot projects that have good infrastructure and ensure construction progress.