Fund management company Techcom Capital is offering units in its Techcom Vietnam Real Estate Investment Trust, the country's first public REIT. With a charter capital of 50 billion VND (2.2 million USD), the company, a wholly owned subsidiary of Techcombank, expects to sell five million units of 10,000 VND. The fund's custodian and administrator is the State-owned Bank for Investment and Development of Vietnam. Investors can register to buy a minimum of 100 units until March 9, 2016 with Techcom Securities, the REIT's exclusive distributor. TCREIT focuses primarily on cash flow-generating properties such as office buildings, shopping malls, hotels, and resorts. TCREIT is expected to be listed on the Hanoi Stock Exchange in 2016. Vietnam's real estate market outlook remains highly positive as a result of strong domestic and foreign demand for accommodation and property assets. However, the high initial investment and low liquidity dissuade retail and institutional investors … [Read more...] about Techcom starts first real estate investment trust in Vietnam
Vietnam real estate investment
Vietnam real estate sector thirsty for capital
Vietnam's real estate sector is in dire need of capital as the economic slump hits invest-ments and alternative funding sources are unavailable, experts said. Deputy Minister of Construction Bui Pham Khanh said Vietnam needs VND500 trillion (US$27.8 billion) to build 37.5-million square meters of housing, including 500,000 square meters of low-cost housing for seven million residents. Other property projects like office buildings, hotels, resorts and commercial centers also require a large amount of capital, he said. He was speaking at a seminar held Monday in Ho Chi Minh City where officials and experts discussed capital raising for the domestic real estate sector. Phan Huu Thang, head of the Foreign Investment Agency at the Ministry of Planning and Investment, said a large amount of foreign investment had been committed to the development of housing and infrastructure in the country. However, as the foreign inflows into Vietnam were hit by the global recession, the local property … [Read more...] about Vietnam real estate sector thirsty for capital
Vietnam real estate prices to continue to see rise in the next 10 years
Vietnam's property market would maintain strong growth and prices would continue rising as the housing needs of the people are increasing. That is the opinion of Vu Xuan Thien, deputy director of Administration and Real Estate Management Department (Ministry of Construction). He was addressing conference on the trend of Vietnam's real estate market in 2011 said that investment experiences sharing and cooperation opportunities, held in Hanoi recently. Prices would continue to rise. Along with the development of the market, property prices would continue to rise. The reason, according to Thien, is the State has gradually been implementing land use fees for investors under the market prices. He added that once input costs of businesses increase, the property prices would then increase. In the recent years, the real estate market of Vietnam has begun thriving, instead of investing in gold and securities, many investors have switched to investing in real estate. According to Nguyen Trung … [Read more...] about Vietnam real estate prices to continue to see rise in the next 10 years
Vietnam real estate market still strongly attract investors
Hanoi Times - Although Vietnam's economy is facing with many challenges due to high inflation, experts and real estate investors still consider this period a good time for investing into Vietnam real estate sector. "The definition of "real estate bubble" or "collapse of real estate market" etc. are not appropriate because the demand for housing or other kind of real estate is still high, this moment is even starting time of property markets in some big cities of Vietnam…" said a real estate expert. According to the CB Richard Ellis Vietnam, real estate, trade centre, hotel and high class accommodation market in Vietnam's urban areas are always in the status of "out of stock", while supply till 2010 remain modest, and will not be able cater for the demand of development. This strong demand will continue to support growing prices. Due to those reasons (besides renewal in State policies for supporting and encouraging forge in investment in property market), the wave of foreign … [Read more...] about Vietnam real estate market still strongly attract investors
Vietnam Real estate market transparency index increased
Hanoi Times- First released in1999, Real estate transparency Index of Jones Lang was drawn from the survey in 56 real estate markets in the world. The survey is conducted every two years and is considered to be a measure to help the investors to build strategies and find out the opportunities. The improvement is seen in the amendment law in real estate, investment, site clearance compensation, etc to make favorable conditions for the foreign investors. Even though Vietnam real estate has remained untransparency in many aspects, the RETI has improved than before. The information was released by experts of Jones Lang Lasalle, the world leading corporation in real estate service and research, in the press conference on the occasion of inaugurating the office in Hanoi.- … [Read more...] about Vietnam Real estate market transparency index increased