Foreign investors keen on real estate projects in Hanoi
Foreign investors are eyeing real estate projects in the northern region, particularly Hanoi, as they see the region’s potential, heard a conference held by CBRE Vietnam Company on January 4.
A corner of Me Tri Thuong urban area (Photo: VNA)Hanoi (VNA) – Foreign investors are eyeing real estate projects in the northern region, particularly Hanoi, as they see the region’s potential, heard a conference held by the Commercial Real Estate Services (CBRE) Vietnam Company on January 4.
In 2017, Vietnam remained an attractive destination for foreign investors with total FDI capital registered in the country hitting a record high of 35.88 billion USD, up 44.4 percent against last year.
Real estate ranked third in terms of FDI attraction, accounting for 8.5 percent of the total registered capital.
According to CBRE, since 2017, many foreign investors have paid special attention to Hanoi’s property market.
They have joined hands with several big domestic investors to carry out projects, for example, Sumitomo Group’s deal in the northern side of the Red River which is expected to be a hot spot for real estate.
The Japanese group decided to participate in Vietnam’s real estate market through urban planning and infrastructure development.
Nguyen Hoai An, Manager of Research, Consulting and Asset Management Services at CBRE Vietnam, said that the intensive involvement of foreign investors in Vietnam’s real estate market will create positive changes in not only products but also methods on how to sell and introduce them, for example, selling real estate online.
Experts predict that increases in purchasing power and demand for houses will help boost the market’s growth in 2018.-VNA
You should also see
Vietnam eyes strengthening multifaceted cooperation with Hungary: NA Chairman
National Assembly (NA) Chairman Vuong Dinh Hue on April 16 said that Vietnam always values and wishes to strengthen multifaceted cooperation with Hungary, a traditional partner and the only comprehensive partner of Vietnam in the Central Eastern European region when receiving First Officer of the Hungarian National Assembly Márta Mátrai in Hanoi.
See more
Business
Deputy PM receives former UK PM Tony Blair
Deputy Prime Minister Le Minh Khai received Tony Blair, former UK Prime Minister and Executive Chairman of the Tony Blair Institute for Global Change (TBI), in Hanoi on April 16.
Business
Vietnam has opportunities to attract, develop the offshoring market
Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
Business
Long An hosts meeting to help RoK businesses solve difficulties
The People’s Committee of the southern province of Long An on April 16 held a dialogue with enterprises from the Republic of Korea (RoK) to help them deal with difficulties and obstacles when doing business in the locality.
Society
Int’l media highlights Tim Cook’s visit to Vietnam
CEO of US-based tech giant Apple, Tim Cook, is paying a two-day visit to Vietnam, starting on April 15. The event has become a highlight of the international media.
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
