This is the first deal the established Vietnamese developer has inked with a foreign partner although it has developed a number of quality residential projects.
Indochina Capital CEO Peter Ryder talks about changes the private sector has brought to local real estate market during his 25 years of living in Vietnam.
The 250,000 clientel along with tens of reputable strategic partners lays a solid foundation for Novaland to intensify investment in tourism real estate.
Hundreds of real estate projects in Ho Chi Minh City have been delayed by cumbersome administrative procedures and the authorities’ temporary halt on project approval.
The office will help the company attract Japanese investors as well as sell Japanese properties to Vietnamese.
Thanh Cong Group has restructured its business with the ambition to expand into real estate following its success in the automobile industry.
The Hanoi-based developer is seeking opportunities to expand real estate business in the northern port city.
A consortium of three South Korean investors including Shinhan Bank, CoreTrend Investment and ValueSystem will provide Hoang Huy $50 million to develop real estate projects in the northern port city of Haiphong.
Japan is replacing South Korea to become the most active investor in Danang real estate market.
Vietnam remains one of the most favored destinations for foreign investment in Southeast Asia, especially in the field of real estate largely due to the country’s friendly policies encouraging foreign direct investment, its political stability and strong economy.
