Savills Vietnam attracts S Korean property investors
The delegation is scheduled to visit projects in Vietnam to learn
more about investment opportunities here, the firm said on November 22.
The visit was planned following a seminar to introduce property
investment opportunities in Vietnam , which had been held in Seoul
last week by Savills Vietnam and Savills Korea.
The
seminar attracted some 110 guests including Korean finance experts, real
estate investors, banking sector representatives, consultants and
developers who are interested in Vietnam.
At the seminar,
Neil MacGregor, managing director of Savills Vietnam , provided an
overview of the Indochina real estate market, including an in-depth
look at current market trends and areas of opportunity for Korean
investors.
"Korean developers have been active investors in
Vietnam for many years, and we are now seeing renewed interest in
Vietnam ," Neil remarked.
"This is being driven by the fact
that Vietnam is now at the bottom of the real-estate market cycle,
and developers want to position themselves for the market recovery.
"We are also seeing strong interest from investors looking to purchase
good quality operating assets such as office buildings, serviced
apartments and hotels."
Vietnam is showing strong signs of
recovery, with foreign direct investments (FDIs) up around 65 per cent
year-on-year, a steady currency, lower inflation and interest rates, and
a very strong remittance rate from Vietnamese people living overseas,
Savills Vietnam stated.-VNA