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Property Investors look to fast-growing Vietnam

Property Investors look to fast-growing Vietnam

Original article: www.nationmultimedia.com

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Vietnam may end up benefiting from the lose-lose battle, putting the country’s booming property market into the global spotlight.

Over the past decade, manufacturers in the Chinese mainland and Hong Kong, feeling the pinch from the rising labour and production costs, have turned to Southeast Asian countries as an alternative manufacturing base.

Consequentely, the trade skirmish between the world’s two largest economies is likely to accelerate this relocation trend.

As a result Vietnam is one of the most vibrant economies in the Southeast Asian region.

It has attracted as much as $20.33 billion in foreign direct investment in the first half of the year, about $7.91 billion of which come from manufacturing and post-production industries.

The FDI sector accounts for almost 70 per cent of the country’s export turnover, equivalent to 22 per cent of its economic output.

The country has also what it takes to grab the crown from Chinese mainland as the world’s factory. This will give the huge impetus to its thriving real-estate market

For example Waterina Suites, a residential tower designed by famous Japanese architect Kengo Kuma who is famous also for his design of the Tokyo Olympic Stadium 2020.

Waterina Suites has 98 units with top-notch amenities, including 25-metre swimming pool, residential lounge, BBQ and spa area.

Starting price for units is HK$4.1 million and down payment could be as low as 10 per cent.

Rental yield is projected to be as much as 7 per cent.

By CHINA DAILY ASIA NEWS NETWORK HONG KONG

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