The Hanoitimes – Foreign buyers accounted for 50% of all successful residential deals, meaning that they are not merely entering Vietnam to set up operations but they are committed to keeping their money here. Foreign investment in Vietnam’s real estate market has been on the rise over the past three years, mostly from Japan, South Korea, and Singapore, CBRE (Vietnam) Co., Ltd said in the latest press release. Ilustrative photo Home to Asia’s second largest retail market in 2018, Vietnam has witnessed increasing merger and acquisition (M&A) transactions championed by deals in property development sites, followed by hotels, apartments, and offices. Notably, developers from Singapore, Japan and South Korea have favored development sites in downtown areas and within close proximity to metro line stations. In retail market, prime retail and office space in Hanoi and Ho Chi Minh City remains much sought after due to the increasing presence of international firms. The prices of Grade A offices rise year-on-year to US$43 square meter (sq.m)/month in Q2 2018 from US$35/sq.m/month in Q2 2016. In the serviced apartment and condominium markets, investors from Singapore, Hong Kong, and Taiwan (China) have shown much enthusiasm in, accounting for 75% of total buyers in… Read full this story
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