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
HCM City listed in top ten Asian cities for real estate investment
Ho Chi Minh City has been listed in the top ten Asian cities with the best investment prospects in real estate, according to figures of Emerging Trends in a Real Estate Asia Pacific 2011 survey, held by the Urban Land Institute in the USA. Vietnam has been known as a country to provide cheap labour for many countries all over the world. Indeed, labour costs in China have risen relative to those in Vietnam in recent years. Besides, foreign direct investment has skyrocketed from US$ 2.4 billion in 2006 to US$ 7.6 billion in 2009. Exports accounted for 68.3% of Vietnam's GDP in 2009 compared to 50% a decade earlier. Especially, Vietnam has been investing heavily in infrastructure to cope with its growing population. Source:BDV/ Photo: Dantri Translated by Nguyen Thao … [Read more...] about HCM City listed in top ten Asian cities for real estate investment
CapitaLand to double real estate investments in Vietnam
Southeast Asia's largest property developer, CapitaLand, is doubling its real estate investments in Vietnam to up to US$2.5 billion over the next three to five years.It is aiming to build affordable homes and shopping malls in major Vietnamese cities like Hanoi and Ho Chi Minh City, said CapitaLand's CEO Liew Mun Leong on the sidelines of an event in Hanoi. CapitaLand now spends about US$1.2 billion in real estate developments in Vietnam. Mr Liew is in Hanoi where he witnessed the signing of an MOU between CapitaLand Vietnam and The Academy of Managers for Construction and Cities. The academy comes under Vietnam's Ministry of Construction. The MOU will enable both sides to exchange information and knowledge about infrastructure developments. It will also facilitate joint training and exchange programmes like study tours and site visits. Building housing for the common citizens of Vietnam is CapitaLand's key aim for the near future. It says a typical two-room apartment, occupying up to … [Read more...] about CapitaLand to double real estate investments in Vietnam
Vietnam real estate outlook bright despite oversupply fear
Construction workers at a villa project in the resort town of Phan Thiet. Experts said Vietnam's real estate market, which is now in its early stages, offers investors plenty of opportunities. Experts remain bullish about real estate market prospects for this year, but are also wary about prices spiraling downward because of an oversupply. Jim Fetgatter, CEO of Washington-based Association of Foreign Investors in Real Estate, said that as an "emerging market" Vietnam is not without its risk, but it also provides international investors a chance to increase the yield on their investment. "Obviously more of our international investors consider Vietnam to be a country in which they will consider investing in the near future," he told Thanh Nien Weekly in an emailed comment. His association, also known as AFIRE, released its annual survey last week, highlighting trends in international real estate investment. For the first time, the survey respondents, who hold more than US$627 … [Read more...] about Vietnam real estate outlook bright despite oversupply fear
Vietnam real estate 2007 exhibition opens
An international exhibition named “Vietnam real estate 2007” was held on May 28 in precinct 11 in Ho Chi Minh City by the Viet star exhibition, advertisement and trade joint stock company and the Vietnam real estate and house association. The event drew the participation of over 200 businesses operating in real estate fields such as consultative, investment and business in estate; and banks, building material companies. During the exhibition, two seminars with the topics “ Vietnam’s real estate in the trend of world integration” and “Measures for real estate businesses to attract capitals” will be held. The event will last until May 31. Source: TT Translated by Duy Minh … [Read more...] about Vietnam real estate 2007 exhibition opens