Industrial park properties show expansion potential The property market in industrial parks (IPs) shows great potential for development with enterprises looking for better production and business opportunities once free trade agreements come into effect. According to a VinaCapital report on the domestic property market, there was total foreign direct investment of about 7 billion USD in the industrial parks in the first ten months of this year, reported Kinh te do thi newspaper. In the near future, the housing segment for workers in the IPs will attract large foreign investments due to the high demand. Property experts said enterprises should get the opportunity to invest in the potential segment. If the Trans Pacific Partnership (TPP) agreement comes into effect, between 2.5 and 3 million people from the rural areas of Vietnam will come to cities for jobs, resulting in an increasing demand for housing in the IPs. Economic expert Nguyen Minh Phong said real estate enterprises could invest in building medium-priced homes for lease or houses for workers with low incomes. Meanwhile, they could develop luxury homes and apartments or villas for local and foreign experts working at IPs. There will be a great demand in the market, so there is tremendous potential in it for property investors from 2016 to 2018. However, investors should invent specific strategies for experts and workers because the experts need accommodation with convenient services such as supermarket, hospital and schools, while the workers have simple demands on housing such as quality and cheap prices….