Tags: property sector

Influx of foreign investment in property sector raises concern

Influx of foreign investment in property sector raises concern

The prime minister has asked several ministries, agencies and local governments to report on the risk of the domestic real estate market being dominated by foreign entities, given the recent influx of foreign investment into the sector.

SaigonTel to bolster investment in property sector

SaigonTel to bolster investment in property sector

Saigon Telecommunication and Technologies Corporation (SaigonTel), a HCMC-based telecom service provider, has announced that it will boost investment in the real estate sector, including in an upcoming luxury residential project in HCMC’s District 4.

Real estate - fertile land for foreign investors

Real estate - fertile land for foreign investors

The property sector will continue to be a fertile ground for foreign investors, largely due to the country’s rising demands for housing as well as deeper global integration with a line-up of bilateral and multi-lateral new-generation trade pacts.

Remittances to add impetus to property sector in 2018

Remittances to add impetus to property sector in 2018

Overseas remittances will continue adding a vital impetus to the economy, including the property sector in 2018, according to Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association.

Over US$345 million in FDI poured into property sector

Over US$345 million in FDI poured into property sector

Foreign direct investment flows into Vietnam’s real estate sector hit US$345.5 million in February, accounting for 10.1 percent in total FDI poured into the country, increasing by 12 times year-on-year.

Japanese fund invests in Ho Chi Minh City’s real estate

Japanese fund invests in Ho Chi Minh City’s real estate

Creed Group, a Japanese investment fund, signed a contract on March 6 with Phat Dat Real Estate Development JSC (PDR) and An Gia Investment company to implement a property project worth 500 million USD in Ho Chi Minh City.

Investment climbs in property sector

Investment climbs in property sector

Investment inflows into the property sector has surged, especially credit from banks, said Nguyen Tran Nam, former deputy minister of Construction and chairman of the Vietnam Real Estate Association (VREA).