Statistics show that foreigninvestment into real estate reached 2.69 billion USD in Q1 alone, higher than the2.63 billion USD last year. It included 1.1 billion USD channeled into existingprojects and 992 million USD spent on contributing capital to or buying sharesfrom domestic firms.
The capital inflow was mainlydriven by industrial real estate.
Notably, Singapore addednearly 941 million USD to a project on developing urban infrastructure and servicesof the Vietnam - Singapore Industrial Park (VSIP) in northern Bac Ninh province,which helped lead to a surge in foreign investment in the property sector.
GLP, an industrial propertygiant of Singapore, also announced the establishment of GLP Vietnam DevelopmentPartners I, a logistics infrastructure development fund worth 1.1 billion USD.
The city state remained thelargest investor in Vietnam in Q1, with registered capital totalling 2.29billion USD, equivalent to 25.7 percent of the total foreign investment./.
VNA