VNRE - While national developers are facing with many difficulties about funds, however the foreign investors, especially the Asian investors, have found the potential opportunities in Vietnam’s real estate market. In the recent period, there has been transferring of the property projects in the country to the foreign corporations which have strong capital. In addition, Asian investors express interests in some potential segments such as office, retail as well as resort complex in order to earn great profits in upcoming years. Although the investment funds of the foreign into Vietnam reduced significantly in comparison with the previous years, most investors have a positive vision in the market the next two years.
According to statistics, there are 158 Korean construction entrepreneurs are being operating in Vietnam with the total investment capital over USD10 billion. Particularly in real estate sector, there are 61 projects with the total registered capital of above USD6.1 billion, accounting for 26.5% of total Korean projects and making up 13.3% of total foreign investment projects. A newspaper was recently reported about the interview with the senior leaders of several major Korean companies in Vietnam have shown the positive outlook in investment into Vietnam real estate market. It shows an optimistic vision about investment into Vietnam’s real estate market in upcoming years. According to the general director of Inpyung company, one of the biggest real estate companies in Korean, the decline in investment is currently occurring in a short time; so that Korean investors will continue to invest into Vietnam because this is a potential market. Meanwhile, the director of Hibrand Vietnam Co.,Ltd has insisted that although the real estate is having many difficulties, but the company still guarantee for the quality and progress of the projects to provide the market the products of truly international standard level.
Together with Korea, Singapore is a country invested quite strong in Vietnam’s real estate market. Recently in the market, there has been transferring some prominent property deals done by some real estate companies of Singapore. In detail, CapitaLand Vietnam purchased 65% of stakes of a project of Quoc Cuong Gia Lai company in Binh Chanh district at VND121.2 billion with the total scale of 9,000 sqm. and 70% of stakes of Spring Life residence in Binh Trung Dong ward – district 2 of Khang Dien company. Moreover, this company has entered into a joint venture with Mitsubishi estate Asia Pte. Ltd,. (MEA) and GIC Real estate company to continue to invest in the apartment segment in HCMC and Hanoi. Likewise, Keppel Land - another investor from Singapore – signed joint venture with local partners such as Riviera Cove, The Estella and Riviera Point. Alongside acquisitions, several Singapore’s real estate companies plan to develop their projects in Vietnam. Most significant point currently is the Mappletree Investment Co., Ltd of the Temasek Holdings Corporation has announced about their long-term investment strategy in Vietnam. With total of fund of about USD 300-500 million, the company mainly targeted at the market of serviced apartments in Hanoi as well as the market of serviced apartments and retails in HCMC
In addition, Malaysia is also one of the most positive Asian investors in Vietnam. According to statistics, Malaysia is ranked fifth in the ranking of foreign investors in Vietnam and there are many real estate projects have been registered and are ready to deploy soon in the near future . In detail, Berjaya Land Berhad real estate company of Berjaya Holdings came to Vietnam since 2006 with the total of fund of about USD7.1 billion. In addition, SP Setia – one of the most famous real estate investment companies in Malaysia - has two large projects in deploying status. It includes Ecolakes projects in Binh Duong province and Eco Spring – Lai Thieu projects with the investment capital of USD100 million and USD177 million respectively. Moreover, Gamuda Land signed joint venture with Sacomreal company to invest Celadon City projects in Tan Phu district.
Furthermore, some other Asian countries like Hong Kong, Philippines, Japan, etc. have had several real estate investment projects in Vietnam. Last June, Asia New Generation of Hong Kong corporates with Minh Thanh company to build a resort complex at Vinh Hy bay – God mountain with the total capital of USD800 million.
In general, as identified by Asian company investing into Vietnam, although the whole domestic real estate market is facing through with many difficulties, but it hidden many great potential profits in the future. Whereas, according to the situation going on the real estate markets in Philippines, Thailand, Singapore and Hong Kong are no longer easily to get profit as much as before . Most Asian investors have expressed their optimism thinking when comment about the Vietnam current real estate market.
Source: Coldwell Banker® Vietnam.
According to statistics, there are 158 Korean construction entrepreneurs are being operating in Vietnam with the total investment capital over USD10 billion. Particularly in real estate sector, there are 61 projects with the total registered capital of above USD6.1 billion, accounting for 26.5% of total Korean projects and making up 13.3% of total foreign investment projects. A newspaper was recently reported about the interview with the senior leaders of several major Korean companies in Vietnam have shown the positive outlook in investment into Vietnam real estate market. It shows an optimistic vision about investment into Vietnam’s real estate market in upcoming years. According to the general director of Inpyung company, one of the biggest real estate companies in Korean, the decline in investment is currently occurring in a short time; so that Korean investors will continue to invest into Vietnam because this is a potential market. Meanwhile, the director of Hibrand Vietnam Co.,Ltd has insisted that although the real estate is having many difficulties, but the company still guarantee for the quality and progress of the projects to provide the market the products of truly international standard level.
Together with Korea, Singapore is a country invested quite strong in Vietnam’s real estate market. Recently in the market, there has been transferring some prominent property deals done by some real estate companies of Singapore. In detail, CapitaLand Vietnam purchased 65% of stakes of a project of Quoc Cuong Gia Lai company in Binh Chanh district at VND121.2 billion with the total scale of 9,000 sqm. and 70% of stakes of Spring Life residence in Binh Trung Dong ward – district 2 of Khang Dien company. Moreover, this company has entered into a joint venture with Mitsubishi estate Asia Pte. Ltd,. (MEA) and GIC Real estate company to continue to invest in the apartment segment in HCMC and Hanoi. Likewise, Keppel Land - another investor from Singapore – signed joint venture with local partners such as Riviera Cove, The Estella and Riviera Point. Alongside acquisitions, several Singapore’s real estate companies plan to develop their projects in Vietnam. Most significant point currently is the Mappletree Investment Co., Ltd of the Temasek Holdings Corporation has announced about their long-term investment strategy in Vietnam. With total of fund of about USD 300-500 million, the company mainly targeted at the market of serviced apartments in Hanoi as well as the market of serviced apartments and retails in HCMC
In addition, Malaysia is also one of the most positive Asian investors in Vietnam. According to statistics, Malaysia is ranked fifth in the ranking of foreign investors in Vietnam and there are many real estate projects have been registered and are ready to deploy soon in the near future . In detail, Berjaya Land Berhad real estate company of Berjaya Holdings came to Vietnam since 2006 with the total of fund of about USD7.1 billion. In addition, SP Setia – one of the most famous real estate investment companies in Malaysia - has two large projects in deploying status. It includes Ecolakes projects in Binh Duong province and Eco Spring – Lai Thieu projects with the investment capital of USD100 million and USD177 million respectively. Moreover, Gamuda Land signed joint venture with Sacomreal company to invest Celadon City projects in Tan Phu district.
Furthermore, some other Asian countries like Hong Kong, Philippines, Japan, etc. have had several real estate investment projects in Vietnam. Last June, Asia New Generation of Hong Kong corporates with Minh Thanh company to build a resort complex at Vinh Hy bay – God mountain with the total capital of USD800 million.
In general, as identified by Asian company investing into Vietnam, although the whole domestic real estate market is facing through with many difficulties, but it hidden many great potential profits in the future. Whereas, according to the situation going on the real estate markets in Philippines, Thailand, Singapore and Hong Kong are no longer easily to get profit as much as before . Most Asian investors have expressed their optimism thinking when comment about the Vietnam current real estate market.
Source: Coldwell Banker® Vietnam.
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