Top five foreign investors in Vietnam’s real estate announced
Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest foreign real estate owners in Vietnam, according to a survey recently published by CBRE Vietnam.
A corner of My Dinh II urban area, Nam Tu Liem district, Hanoi (Source: VNA)
Investors from Thailand, China and the US are expected to invest more in Vietnam’s realty market in the near future.
According to experts, domestic investors have bought more since 2017, leading to competition with foreign investors with supply limited. The trend is forecast to continue this year.
Residential land leads in terms of supply and transaction volume while housing and land for developments are most popular. Hanoi and Ho Chi Minh City have seen increases in new supply and transaction volume over the past years.
House prices have tended to rise slightly while demand for quality housing increasingly grows. Investors have competed to buy projects at higher prices and several buildings under construction have been transferred to new investors.
The shortage of supply will encourage investors to work with domestic partners to build projects. At the same time, real estate funds will seek to buy stakes in major realty companies./.
VNA
-
Quality varieties spur Vietnamese rice industry's growth: experts
- Launching 1 million hectares of high-quality, low-emission rice project
- Small but quality FDI projects invested in southeastern localities
- In 2024, Long An will change crop structure on rice land with an area of more than 8,500 hectares
- Long An 's industry on the path of recovery and development
- Businesses bullish on Q2 outlook: GSO
- Cryptocurrency is not banned in Vietnam: Ministry
- Construction starts on first railway project using RoK’s ODA
- Vietnam remains attractive destination for foreign investors
- Breakthrough policies look towards green economy
