VN PROPERTY market attractive to foreign investors
Original Article: vietnamnet.vn
First of all, Covering 271 hectares, it is a cooperation project between Sumitomo Group of Japan and domestic investors.
The project will become one of the most modern smart city in the Southeast Asia with a high-tech transportation system.
As a result, the real estate market in Ho Chi Minh City lured many big investors.
In April this year, Frasers Property bought 75 percent of shares of Phu An Khang, the company owning a housing complex project in District 2 worth about 18 million USD.
Berjaya Land Berhad from Malaysia announced a plan to transfer the Vietnam Financial Centre to Vinhomes and its member company for 39 million USD.
After the transaction completed, Vinhomes and its member companies will own 6.6 hectares in District 10 to build a complex.
In the housing market, Xuan Mai Group purchased Eco-Green Saigon project in District 7 of Ho Chi Minh City.
Meanwhile, Nam Long Group continued cooperating with Japanese investors – Hankyu Hanshin Properties and Nishi Nippon Railroad – to develop the Akari City project covering 8.8 hectares in Binh Tan district.
Nam Long Group also launched a Waterpoint Township project in the Mekong Delta province of Long An in July.
The 355-hectare project also includes houses, villas, apartment buildings, hospital, education and sports facilities.