Foreign capital poured mass into real estate Vietnam

10/06/2017   Viewed: 595
The real estate market in Vietnam has witnessed vibrant investment in many segments in the first quarter of 2017. The rapid growth of tourists has created a great momentum for the coastal property segment. This is the highlight that Savills Research has just announced.
 
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The number of international visitors to Vietnam in the period 2010-2017. (Source: Savills Research & Consultancy)

One of the outstanding deals is the acquisition of a 0.6ha commercial land plot in a prime location in the heart of Ho Chi Minh City for the purpose of constructing the first international A-type complex project. First in Vietnam of CapitaLand Group. This project will receive a disbursement of a $ 500 million investment fund targeting commercial properties in Vietnam, launched by the Singapore developer last November.

During the same period, CapitaLand also announced the acquisition of a 90% stake in a 0.8ha project in Thao Dien, one of the most popular residential areas in Ho Chi Minh City, to develop more than 300 apartments. This move represents a strategy to expand the potential development of housing in Vietnam of this investor. Another Singaporean developer, Keppel Land, spent $ 846 billion (about $ 37 million) to increase its stake to 16% in its Saigon Center project in the heart of Ho Chi Minh City.

Outstanding investment transactions in 1/2017

In March, Hongkong Land officially became a strategic partner of Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) in exploiting housing projects on the land fund received in the Zone. Thu Thiem new urban area. In another popular residential area of ​​the city, An Gia Investment Group and their Japanese-based Creed partner continued to "acquire" five blocks of the La Casa project in District 7 of the Group. Van Phat Hung, with a value of 910 billion (equivalent to about 40 million).
 
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In the leisure real estate segment, following the positive signs in the travel industry, the Berjaya Land Group (Malaysia) succeeded in transferring all its 70% stake in a 4-star resort project. Star on the island of Phu Quoc for Sulyna Hospitality with a total value of $ 14.65 million. Vietnam's tourism industry has made a good start this year, with 3.2 million international arrivals in the first quarter, up 29% over the same period last year. This growth follows the record number of 2016 when Vietnam welcomes more than 10 million international tourists and is expected to reach 11.5 million by the end of 2017.

Coastal destinations play an important role in attracting the majority of visitors from many countries. Our country is concentrating all resources to improve its tourism potential in the future, as the development of the "smoke-free industry" has become a top priority of the Government.
Source baooaydung.com.vn

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