Japanese investors eye Vietnam’s real estate market
Nine major real estate agents from Japan have visited two major projects in Ho Chi Minh City, in search for investment chances in the southern Vietnamese metropolis.
The real estate brokers, hailing from Nagoya, the capital of Aichi Prefecture, have put the Vinhomes Tan Cang, located in Binh Thanh District, and the backpackers’ area, located on Bui Vien Street in District 1, into consideration.
Vietnam’s realty market has emerged as a potential destination for Japanese investors, as the Japan’s property market has staggered as over declining population, according to Jun Mizutani, chairman of Oyasogo Co.
Mizutani emphasized that the demand for real property in Vietnam is so tremendous that it appeals lots of foreign investors.
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| Japanese investors study the Vinhomes Tan Cang project in Ho Chi Minh City on January 29, 2016. |
Oyasogo has plans to first purchase ongoing condominium projects in good locations, before continuing to find suitable land plots for investment, according to the chairman.
The company is also eying on tourism property investment on the southern island of Phu Quoc and in the resort city of Nha Trang in the south-central region.
The number of Japanese investors seeking investment chances in Vietnam’s real estate market has rocketed in recent time, according to Keiji Yoshida, director of Japanese market with TNK Travel.
These investors have poured their investment on many countries from all over the world before deciding to head for Vietnam, Yoshida said.
