Foreign investors register US$2.87 billion in Vietnam’s realty market
Some US$2.87 billion in foreign direct investment (FDI) was registered in the Vietnamese property market during January-November, a year-on-year fall of 31.4%.
The industry ranked second in FDI attraction, occupying 10% of the total foreign capital flow.
As much as US$858.4 million was funneled to newly-licensed property projects during the period, while US$1.83 billion was splashed out on capital contributions to and purchase of shares at domestic companies.
Capital disbursement in the sector stood at US$982.6 million, accounting for 4.9% of the total disbursed FDI.
According to Country Head of Cushman & Wakefield Vietnam Trang Bui, Vietnam’s property market has been a magnet for foreign investment amidst global economic downturn.
She said attractive rate of return (ROR) in this emerging market is an important element that has stoked foreigners’ investment.
Statistics from Cushman & Wakefield Vietnam showed that prestigious housing developers such as Keppel Land, Capitaland, Hong Kong Land, Frasers Property, and Mapletree have landed investment in Vietnam’s high-end apartment segment over the years.
Experts said foreign investors who boast considerable experience and financial strength will help Vietnam create international-standard property products, improve competitive edge, and reduce pressure on the banking system.
