Vietnam’s real estate market a gold mine for foreign investors

18.09.2018

VietNamNet Bridge – More foreign invested real estate projects have been registered recently, while more M&A deals in the sector have also been reported.

In late July, the 100 percent foreign owned real estate developer Alpha King introduced three real estate projects in district 1, HCMC, including the high-end serviced apartments at No 2 Ton Duc Thang, the A-class office building Alpha Town at No 289 Tran Hung Dao and Alpha City complex at No 87 Cong Quynh.

Alpha King’s CEO Jimmy Chan said it will takes two to three years to build the projects.

Japanese Hinokiya Group has decided to cooperate with Vietnam’s TWG for its first investment project in Vietnam. According to Le Cao Minh, CEO of TWG, the two sides would set up a 50/50 joint venture to develop a Japanese style housing project, covering an area of 9.7 hectares.

FIA reported that the FDI into the real estate sector (housing, industrial production, retail, office and tourism real estate) in the first six months of 2018 reached $5.5 billion, accounting for 27.3 percent of total registered FDI.

The figure was even higher than the total committed FDI in both 2017 ($2 billion) and 2016 ($1.7 billion) thanks to several huge projects.

In late July, the 100 percent foreign owned real estate developer Alpha King introduced three real estate projects in district 1, HCMC, including the high-end serviced apartments at No 2 Ton Duc Thang, the A-class office building Alpha Town at No 289 Tran Hung Dao and Alpha City complex at No 87 Cong Quynh.

Alpha King’s CEO Jimmy Chan said it will takes two to three years to build the projects.

Japanese Hinokiya Group has decided to cooperate with Vietnam’s TWG for its first investment project in Vietnam. According to Le Cao Minh, CEO of TWG, the two sides would set up a 50/50 joint venture to develop a Japanese style housing project, covering an area of 9.7 hectares.

FIA reported that the FDI into the real estate sector (housing, industrial production, retail, office and tourism real estate) in the first six months of 2018 reached $5.5 billion, accounting for 27.3 percent of total registered FDI.

The figure was even higher than the total committed FDI in both 2017 ($2 billion) and 2016 ($1.7 billion) thanks to several huge projects.

Source: Vietnam.net

Photo: VAM