Real estate investors eye Vietnam market
(VOV) -Neil MacGregor, Managing Director of Savills Vietnam - the leading real estate developer in Vietnam, described the country as an important destination in Southeast Asia for real estate investors from Japan, Singapore, and the Republic of Korea.
In his speech at the ongoing Vietnam-Singapore Business Forum 2014 (VSBF) in HCM City, Neil MacGregor said Vietnam’s real estate market has bottomed out and is bouncing back thanks to the government’s sound performance.
HCM City’s office market is achieving balance between supply and demand despite a modest increase in leasing prices, he said, adding that Savills expects bright prospects for the second half of 2014 and early next year.
While the Vietnamese real estate market is recovering, others in Asia are overheating and likely to fall in the years to come. Therefore, Vietnam is luring those investors who want to take advantage of the market recovery, the Savills executive analysed.
According to Savills, the investment trend is growing in such commercial areas as offices, hotels, and residential buildings to meet a rising demand for accommodation from businesspeople and tourists, especially in big cities, resorts and beaches.