Vietnam is among the top five destinations selected by Ultra High Net Worth Individuals (UHNWI) in Singapore for their real estate investment plans, according to the Wealth Report 2023 released by Knight Frank.
The Vietnamese real estate market has remained attractive to foreign investors and investment funds despite difficulties countering domestic firms, according to insiders.
The Police Investigation Agency of the Ministry of Public Security has decided to launch criminal proceedings against and detain Do Anh Dung, Chairman of the Tan Hoang Minh Group, on charges of "obtaining property by fraud."
The prospect of busy urban areas being created around Long Thanh International Airport in southern Dong Nai province has attracted investment in the eastern reaches of neighbouring Ho Chi Minh City, most notably Aqua City ecological urban area, which has become appealing thanks to its connectivity, standardised planning, convenience, and ideal geographical location.
Property consultants Savills Vietnam have adopted a positive outlook on real estate investment in Vietnam amid the COVID-19 pandemic, saying that when it eases there will be increasing numbers of investors injecting new capital into the sector.
Ecological real estate is considered a safe investment channel amid the pandemic, meeting the demand for green living space and ensuring health safety for dwellers.
The HCM City government has given approval to a local property developer to build technical infrastructure on three land lots covering 38.4 hectares for resettlement of residents in the Thu Thiem New Urban Area in District 2’s Binh Khanh Ward.
Vietnam is welcoming a strong wave of investment in the property market from Japanese businesses, TMS Homes General Director Nguyen Xuan Huong said on April 4.
The Hanoi Stock Exchanges (HNX) said stakes put on auction in the bourse were in heavy demand in February with the total buy orders almost doubling those available for sale.
While Asian investors are dominating real estate investment and mergers and acquisitions in Vietnam, many European and American firms have chosen to invest in listed property companies.
Techcom Vietnam Real Estate Investment Trust (TC REIT) has become the first of its kind to be listed and traded on the Hochiminh Stock Exchange (HOSE).
The property market in Ho Chi Minh City has been vibrant since the outset of 2015 thanks to buoyant merger & acquisition (M&A) activities which are expected to continue thriving in the time to ahead.
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