Singaporean property developers are maintaining consistency with their ventures in Vietnam, based on generally healthy economic growth and an emerging middle class.
The Health Ministry on April 7 received medical supplies for SARS-CoV-2 testing worth US$1 million from real estate group CapitaLand.
Foreign investment flows into Vietnam’s property sector through merger and acquisition transactions have been reported to be on a strong momentum, with outstanding deals made in 2018 and the first half of 2019.
Prime Minister Nguyen Xuan Phuc on June 14 called on CapitaLand, one of Asia’s largest real estate companies headquartered in Singapore, to invest in new technologies and create more added values in Vietnam, thus contributing to the country’s development as well as relations between Vietnam and Singapore.
Mergers and acquisitions activity is growing across the Asia-Pacific real estate market, a sign that institutional investors are continuing to increase their allocations to the industry.
High-end apartment projects are favoured by foreigners looking for property in Vietnam.
Singapore’s leading real estate developer CapitaLand has recently announced that it has completed its third acquisition within a month in Vietnam.
One year after winning the coveted title of Best Developer (Vietnam) at the PropertyGuru Vietnam Property Awards, including 10 golden trophies and commendations, CapitaLand Vietnam has witnessed a significant transformation in their business.
The Vietnamese real estate market in 2017 welcomed a record-high number of foreign investors, especially from Japan, the Republic of Korea, Singapore and China.
Last year witnessed many mergers and acquisitions (M&As) in Vietnam’s real estate sector, and foreign investors’ interest in the market is forecast to continue in 2018.
During the last 10 months, Vietnam continued to see strong interest from developers for large-scale, mixed-use projects with residential components in major cities.
Foreign investors were once the buyers in M&A deals five years ago, but in many deals made recently, the buyers have been Vietnamese.
Property investors in Vietnam have been scaling up their business, while more and more new investors have concluded M&A deals in the real estate sector.
To capitalise on the increasing interest of foreign real estate investors in Southeast Asia in general and Vietnam in particular, CapitaLand Limited has set up its first commercial fund in Vietnam named CapitaLand Vietnam Commercial Fund I (CVCFI) with a capital of US$300 million.
Vietnam’s real estate sector recorded several merger and acquisition deals involving foreign capital in the first six months of 2017, according to Dau Tu (Investment) newspaper.
Vietnam’s real estate remains on the radar of foreign investors who have a range of projects in the wind though it was not one of the country’s top three sectors attracting foreign direct investment in the first five months of 2017.
The PropertyGuru Vietnam Property Awards has recognised the developers, real estate projects and designs in top-tier markets and emerging resort destinations.
CapitaLand Vietnam co-organised a “Feng Shui and Astrology 2017” seminar by the world’s leading authority on Feng Shui and Chinese metaphysics, internationally acclaimed Feng Shui Consultant, Dato’ Joey Yap, in Ho Chi Minh City and Hanoi.
The sharp increase in the number of real estate investments shows the attractiveness of the new policy for foreign-owned properties in Vietnam, particularly in the high-end apartment segment of Danang.
CapitaLand Vietnam on March 25 celebrated the grand opening ceremony of its mall, The Oxygen, at The Vista in District 2 of Ho Chi Minh City under the witness of hundreds of guests including the representatives from strategic business partners, tenants and the media.