Monday, September 28, 2015

Vinhomes project central to Ho Chi Minh City’s plan

Vinhomes project central to Ho Chi Minh City’s plan

Ho Chi Minh City is pushing forward with large-scale projects as part of its central development plan for 2020.

Vinhomes Central Park is being billed as the jewel in Ho Chi Minh City’s crown
This plan will focus on five different sub-areas of the municipal centre. Each sub-area will be developed according to its outlined functions or attributes, such as financial, trade, cultural, and historical areas, as well as the urban area along the banks of the Saigon river.

To deploy this new urban development plan, the city will relocate the inner ports of Tan Cang, Ba Son, Khanh Hoi, and Ben Nha Rong to outside the city’s centre. Following their relocation, the Ba Son factory will be transformed into a multi-functional complex of offices for lease, a financial centre, and a high-end hotel, while the Saigon port will be converted into a marine tourism area. Meanwhile, the Tan Cang port will house one of the most modern urban areas of Vietnam – Vinhomes Central Park.


The urban area west of the Saigon River – the riverside heart of the city
Located on the western bank of the Saigon River, this is a multi-functional sub-area, stretching from Saigon bridge to Tan Thuan bridge, and belonging to Binh Thanh district, as well as districts 1 and 4.
It is bordered by the Saigon bridge to the north, Nguyen Huu Canh-Ton Duc Thang road to the west, Nguyen Tat Thanh and Kenh Te road to the south, and the Saigon river to the east.
In addition to the plan to build a road alongside the Saigon river, this sub-area will become a new cultural, entertainment, and public space hub for the city.

Vinhomes Central Park – a benchmark property in the city
Vinhomes Central Park offers many advantages in terms of its prime location and its improved infrastructure.

Benefiting from a high-standard infrastructure system of new roads, bridges, and an urban railway, the area is serviced by the Thu Thiem bridge, the Hanoi highway, the West-East boulevard linking to the Long Thanh-Dau Giay expressway, as well as the Ben Thanh-Suoi Tien metro route. As evidenced by similar projects in Europe and the US, projects located next to urban railway systems have raised their housing price from 2 to 8 per cent.

The apartment buildings in Vinhomes Central Park are a magnet for many buyers due to their high-quality infrastructure system, high yield potential, and the prestigious name of the investor. In addition to the high demand from end users, many customers are targeting apartments for lease.
According to the latest research from CBRE Vietnam, the buy-to-let tendency has become more and more popular thanks to its high profit yields.

Gross rental yields in certain high-end condominium projects in the city’s district 2 and 7 are estimated by CBRE to be 6-8 per cent, while net yields are about 4.5-6.5 per cent.
The relaxation of foreign housing ownership limits, combined with promotional sales programmes offered by developers has reaped rich dividends since its implementation.
Vinhomes Central Park is developed by Vingroup – which has a multitude of projects nationwide, including multifunctional complexes in Hanoi, Ho Chi Minh City, Nha Trang, Danang, and other major cities nationwide.    

Vingroup’s brand Vinhomes was recently assessed as the most valuable brand in Vietnam by Brand Finance, a London-based brand valuation and strategy consultancy firm.

As a green, modern, and luxurious urban community in Vietnam, Vinhomes Central Park draws its inspiration from the world-famous Central Park in New York City.

It has a construction density of only 16 per cent, and devotes 14 hectares to parks, making it the city’s largest green space along the Saigon river.

With river-frontage stretching more than one kilometre, Vinhomes Central Park offers a green living area in the heart of Ho Chi Minh City which will act as the lung of the entire city. It consists of The Villas, The Central, The Landmark, and includes the iconic 81-storey building called Landmark 81 as well as The Park.

Tel: +84988060330 English. +84988060220 Chinese.
APARTMENT FOR SALE APARTMENT FOR SALE IN VIETNAM CONDO FOR SALE CONDO FOR SALE IN HANOI LUXURY APARTMENT THE LANDMARK THE PARK VINGROUP VINHOMES CENTRAL PARK VINHOMES GARDENIA

Tuesday, September 15, 2015

Gamuda sets new standard in capital city

Gamuda sets new standard in capital city

Nestled in the southern gateway of Hanoi, Gamuda City, developed by Gamuda Land Vietnam, has become the prime choice for many homebuyers in the capital.
Benefitting the community
2015 was a particularly successful year for the Gamuda City developer (a subsidiary of Malaysia’s leading construction and infrastructure group Gamuda Berhad) after the signature township was lauded as the Best Residential Development in Hanoi at the first-ever Vietnam Property Awards in 2015, and was selected as the most-desirable premier lifestyle township by VIR readers.
These accolades served as a due reward for Gamuda Land Vietnam’s concerted efforts in giving a facelift to this once-polluted low-land area in Hanoi, and turning it into an award-winning integrated township with parks, lakes, lush foliage and exclusive facilities for residents.
The commissioning of the state-of-the-art waste-water treatment facility in Hanoi’s Yen So Park has allayed the long-running concerns over water quality, which was previously a hazard to the health of the local population.
Gamuda City has proved popular with Hanoians as a result of the developer’s strategic vision, the detailed master plan, quality in design, sustainability, and its unique core values.
Cheong Ho Kuan, general director of Gamuda Land Vietnam, said, “What’s gradually taking shape in the project site is a testament to our tireless efforts to develop Gamuda City as the best residential development in Hanoi, which is worthy of the trust from our residents, customers, and partners. This trust will further inspire and drive us forward in the development of integrated lifestyle townships in Hanoi and Ho Chi Minh City.”

The TWO Residence includes 550 apartments to be launched in the first quarter of 2016
Quality design for sustainable development
Gamuda City, covering 500 hectares of land contains two trade centres – Gamuda Central and Gamuda Plaza, as well as two self-contained integrated townships – Gamuda Gardens and Gamuda Lakes.
Gamuda Gardens, one of the four main components of Gamuda City, consists of more than 2,000 high-end units, including villas, semi-detached villas, terraced houses, and apartments. The first world-class products were made available on the market in April 2012, and by December 2013 the project’s first phase was finalised. In April 2014, Gamuda Gardens’ first residents opened the door of their new home. In addition to the exceptional factors in the project’s master planning and landscaping, the diversity of products and quality of design target diverse customer segments and instill confidence in customers.
One of the products most favoured by Gamuda Gardens customers is the three-floor penthouses, which feature spacious windows and a balcony, allowing plenty of natural sunlight and fresh air into the resident’s home. The basement space design with both front yard and back yard helps create a balanced fresh air circulation system for the house, while also providing private spaces where families can bond.
In the fully-detached villas, the basement consists of a living room, a dining room, a dry and a wet kitchen, in addition to bedrooms for the elderly. Meanwhile, the upper floors consist of separate bedrooms cleverly combined with common spaces such as a mini living room, and a relaxing corner for working or reading, etc.
Gamuda Gardens has earned a high reputation for its much sought-after apartments which saw their appeal in the real estate market reach fever pitch in early 2015. On the first day of its launch, 80 per cent of the units were sold, and a long queue of customers awaited the chance to become homeowners in this exclusive property. Such was the scale of the market appetite, that Gamuda Land Vietnam will launch further apartment sale rounds in early 2016.
In 2015, a series of exclusive facilities in Gamuda Gardens were completed and made available to serve residents’ daily needs. These included Singapore international schools, a world-class clubhouse with modern equipment, the vibrant commercial quarter “The THREE Central” and many other public utility works.
From commitment to proven achievements and customer trust
Looking back over Gamuda Land Vietnam’s decade-long path of development, it is impossible to ignore the company’s long-term investment commitment as well as its ethical business approach in Vietnam.
Although 2015 was a prosperous year for Vietnam’s economy generally, and the real estate market especially, “we have stayed in Vietnam long enough to have experienced and readily prepared for all vicissitudes of the economy and market contingencies. With our long-term vision and investment strategy, Gamuda Land Vietnam can consistently supply the market with quality products that have a long-term investment and usage value. We are simultaneously committed to meeting the deadline targets of our project’s commercial items,” Kuan  stated.
In December 2015, Gamuda Land Vietnam offered leases in their Le PARC prime commercial area. Covering more than 20,000 square metres, this is the first retail project Gamuda Land Vietnam has developed in Hanoi, and one of the four main components of the mega investment project Gamuda City, which is scheduled to begin operations from March 2016.
Just a 20 minute drive from the heart of Hanoi, Le PARC is a pilot project featuring modern architectural trends, green shopping areas, and a new-style approach to entertainment. Featuring a square, an outdoor performance stage, reflexology paths, a BBQ garden, a children’s playground, an events area, and an artificial island which exudes a soothing influence throughout the area. Le PARC by Gamuda promises to become an ideal entertainment venue to Hanoians.
The real estate market is showing signs of recovery, and consumer confidence is bouncing back. Also, the supply is rising as numerous projects race to resume investment after a long delay. As such, only serious investors with quality products are in a position to survive the harsh competition in the market.
“For Gamuda, opportunities are also challenges, and challenges also create opportunities for us to show our differences and prove our status,” said Kuan, who together with Gamuda Berhad has laid the foundations for the group’s success within Hanoi’s real estate market.

Tel: +84988060330 English. +84988060220 Chinese.

Tuesday, September 8, 2015

More foreign investors eye real estate market

More foreign investors eye real estate market

Foreign direct investment in the local real estate sector is expected to rise in 2016 given the positive property development outlook.

Real estate FDI almost doubled year-on-year in 2015-Photo: Le Toan
David Blackhall, managing director of VinaCapital Real Estate, said that, “Since early 2015, Vietnam has been on the radar of foreign investors in general, particularly for real estate investment opportunities. Recent real estate transactions show that the majority of foreign companies investing significant capital in Vietnam are based in Asian countries such as Japan, South Korea, the Philippines, Singapore, Hong Kong, and Malaysia.”
“Both foreign and local investors have become more active as liquidity continues to improve and interest rates gradually depreciate. Since the Housing Law and Real Estate Business Law both came into effect on July 1 2015, VinaLand’s projects have received numerous enquiries from foreign real estate investors. A strong recovery is certainly underway in Vietnam’s real estate sector and this trend will continue into 2016,” noted Blackhall.
According to the Ministry of Planning and Investment, foreign direct investment (FDI) inflows to the real estate sector reached nearly $2.32 billion in the first 11 months of this year, almost double year-on-year. FDI for the real estate sector accounted for 11.5 per cent of the country’s total registered investment capital and ranked third after the manufacturing and processing sector.
The Thu Thiem New Urban Area received two sizable investments, including $1.2 billion from Empire City Limited Liability Company for the Empire City Complex project, and VND2,000 billion ($91.74 million) from Lotte Group for the Thu Thiem Smart Complex, which is worth roughly $2 billion. Recently, Bitexco forged an alliance with Dubai’s  Emaar Properties PJSC to jointly develop a Binh Quoi – Thanh Da urban area worth $1.37 billion in Ho Chi Minh City.
Dang Hung Vo, former Deputy Minister of Natural Resources and Environment Professor, said that, “an increasing number of foreign investors are expected to flock to Vietnam’s real estate market in 2016. It is forecasted that FDI inflows into the sector will account for around 30 per cent of the country’s total registered FDI  capital. Buoyant growth will stimulate trading, merging and acquisition activities, which will help revive many delayed projects in the market.”
“FDI inflows into the realty market accounted for 40 per cent of the total registered investment capital in Vietnam during 2007. When the market became stagnate in 2008, foreign investors registered new projects, but failed to implement them. However, now the upward trend of FDI has returned, and is expected to continue for the foreseeable future,” he added.
According to property advisory company CBRE Vietnam, the establishment of the ASEAN Economic Community (AEC) and free trade agreements such as the Trans Pacific Partnership will increase cross-border investments within the ASEAN market. Well-developed markets such as Singapore and Malaysia could offer investors a “core” or “value-added” investment profile, while “opportunistic” investments could be sourced from emerging markets such as Vietnam and the Philippines.

Tel: +84988060330 English. +84988060220 Chinese.

Apartment market in two major cities rising

Apartment market in two major cities rising

Viet Nam's real estate market is expected to continue recovery this year after gaining good business results last year, with the market reaping benefits from favourable macro conditions, experts said.
The luxury apartment complex Hoa Binh Green City in Ha Noi. The apartment sector expects to extend its recovery this year on favourable macro conditions. - VNS Photo Doan Tung
According to property service provider CB Richard Ellis (CBRE) Viet Nam's report on Ha Noi property market in the last quarter of 2015, the average consumer price index (CPI) grew 0.63 per cent this year, which is the lowest level since 2001, and fell way below the annual average level of 5 per cent recently.
This low level of the inflation rate supported the growth of consumption and investment level in 2015. Similarly, the low mortgage rate also supported activities in the real estate market last year. Credit growth improved in 2015, recording 18 per cent, significantly higher than the 12 per cent to 14 per cent average level in the 2012 to 2014 period, according to the State Bank of Viet Nam.
Although the interest rate in Viet Nam has increased slightly after the United States Federal Reserve hiked its interest rate in late December, it is forecast that Viet Nam will not expect a drastic change in interest rates in 2016, since most of the effect has already been factored in the interest rate's current value.
This is good news for real estate investors as this real estate investment has been proved to yield better returns than other types of investments such as currency, gold, oil, or government bonds, in recent years. It is likely that more fluctuations will happen in these markets in 2016.
Housing transactions in Ha Noi last year hit a record 21,100, surpassing the sector's peak in 2009, according to CBRE Viet Nam. High-end apartment transactions accounted for 32 per cent of the total, up from 20 per cent in previous years.
A number of property investors have sped up delayed projects. Several apartment projects have been restructured in both size and price in accordance with market demands.
The mid-end and low-cost apartment transaction rate was down compared to 2014, however, it still accounted for a large share of the total sales due to reasonable pricing.
In 2015, about 28,300 apartments were put on the market in Ha Noi, up 70 per cent compared with the previous year. High-end apartments accounted for 28 per cent of the total share compared to the peak of 21 per cent in 2009.
Average prices of new projects increased between 3 per cent and 5 per cent year-on-year (YoY), and even the prices rose between 5 per cent and 7 per cent for high-end projects, Nguyen Hoai An, CBRE Viet Nam's vice director in its Ha Noi branch said.
Last year also marked a firm recovery in HCM City's housing market with strong launches, positive sales volume and improved prices, particularly for mid- to high-end properties.
More than 41,900 condominiums were launched in 78 projects, mostly in the east (47 per cent) and south (27 per cent) of the city, an increase of 122 per cent YoY, according to a quarterly report of CBRE Viet Nam on HCM City market.
It was the highest ever in a single year, due to the introduction of Vinhomes Central Park in Binh Thanh District and Masteri Thao Dien in District 2, as the continued positive market momentum boosted the confidence of developers.
Overall, market sentiments remained positive throughout the year as 2015 ended with record sales for a single year – an estimated 36,160 units and up 98 per cent YoY.
These included sales to individual buyers and en-bloc sales to institutional investors and property agents, in which sales to individual buyers were estimated at 33,348 units, up 83 per cent.
According to Savills Viet Nam, in HCM City market, apartments saw the highest new supply and transaction volume in the quarter. Around 11,800 units were launched from 17 new and another seven existing projects, up 20 per cent quarter on quarter (QoQ) and over 100 per cent YoY.
This was the largest new supply by a quarter over the last five years. Almost 7,700 units found buyers, up 47 per cent QoQ and 86 per cent YoY.
Projects with good locations, investment opportunities, developed infrastructure and comprehensive urban planning attracted buyers' attention, Savills Viet Nam said.
In the future, the new exchange rate mechanism that was applied from December 2015 would not make any remarkable impact on the Vietnamese real estate market, An said.
The Vietnamese dong remains stable compared to other foreign currencies in the region, she explained, adding that Vietnamese still account for 90 per cent of investors in the real estate sector, and domestic capital flows dominate the market.
According to the CBRE experts from Singapore and Hong Kong, Viet Nam's exchange rates remain stable and positive among other Southeast Asian countries.
They attributed the attractiveness of Viet Nam's property market to a growing population that has led to increased demand for housing.
Meanwhile, with the revised Law on Housing and Law on Real Estate Business coming into effect from July 1, 2015, the market recorded a certain level of interest from foreigners in major high-profile projects by reputable developers in both Ha Noi and HCM City, according to CBRE Viet Nam.
As the market is developing towards a more open and internationalised environment, while overall pricing is still attractive as compared to other matured markets, it is expected that more foreign buyers will look into Viet Nam market as more guiding laws are issued to foster investment activity.
Both homebuyers and developers need to prepare for a changing market with evolving laws and regulations: Compliance and transparency are important in managing these changes.
The demand growth on the domestic property market will remain positive this year, supported by continued strong investor sentiment and the availability of housing credit, according to property consultancy Jones Lang LaSalle (JLL) Viet Nam.

Kevin Vu - Kevinvuproperty.com

Monday, September 7, 2015

Vietnam's fast rising property market leaves hard times behind

Vietnam's fast rising property market leaves hard times behind






The skyline of the downtown area, Ho Chi Minh City, Vietnam.
The skyline of the downtown area, Ho Chi Minh City, Vietnam.
Brought to its knees when its property market bubble burst four years ago, Vietnam is riding into another boom, with construction starting in Ho Chi Minh City on two of the world's tallest skyscrapers and buyers snapping up new projects fast.
The speed of the market's turnaround has been startling. Successful property transactions have doubled from a year ago, and developers have halved their unsold inventory from $6 billion at the peak of the crisis at the start of 2013.
"I can sell about three to five units per month now, much better than before, when I could only sell the same in the whole year", said Dung, a freelance property broker in Hanoi, who asked to be referred to by her first name.
The Southeast Asian country's Communist government is hoping that lessons learnt from the last burst bubble will help prevent the latest property cycle crashing like the last one.
Buyers and developers defaulted on loans, leaving banks crippled by toxic debt and unable to provide credit to tens of thousands of failing businesses. The empty shells of abandoned, half-built condominiums and office blocks littered cities, showing how Vietnam had hit the wall.
Clearing up the mess, the state's asset management firm has bought $8 billion of non-performing loans - a lot of which stemmed from real estate.
The government is restructuring the banking sector. In 2013 it gave the real estate sector a $1.4 billion stimulus and has placed stronger financial requirements on property developers.
From July 1, the government relaxed rules on investment by foreign firms, foreign buyers and "Viet Kieu", the overseas Vietnamese whose families fled their homeland when the communist north conquered the U.S.-backed south in 1975.
The moves to open up the property market were the latest in a slew of reforms that experts say shows the party's progressives are in the driving seat heading into a scheduled leadership change in January.
Buyers from overseas
Easing restrictions on buyers from overseas has had pronounced results. Vingroup recently held two sales opening events for projects exclusively targeting foreigners and "Viet Kieu" in Hanoi and Ho Chi Minh City. The property firm said it received deposits for 112 apartments within two hours.
According to The Eastern, a condominium jointly developed by a Vietnamese and a South Korean company, 70 percent of units sold from May to July were to foreigners and firms buying accommodation for foreign employees working at Saigon Hi-Tech Park, home to firms like Intel and SamSung.
Underlying demand, however, should also come from one of Asia's fastest rates of middle class expansion, with the economy growing 6.28 percent in the first half of this year - the fastest pace since 2008.
But it is the overseas money that excites realtors most.
"There are 4.2 million Vietnamese overseas and about 30,000 foreign executives working here long-term," Le Hoang Chau, president of Vietnam's Real Estate Association, told Reuters. "That shows potential for a bright future."
Units launched in Ho Chi Minh City in the first half of this year were 174 percent up on the same period in 2014 and 91 percent up in the capital Hanoi, according to the Vietnam office of global commercial real estate firm CBRE.
An average high-end apartment now fetches $1,800 per square metre in the southern commercial hub and $1,600 in the capital, close to pre-crisis prices and up from $1,600 and $1,450 respectively in 2014, according to CBRE.
Having helped restore investors' confidence, Prime Minister Nguyen Tan Dung has demanded better oversight to make sure the property market does not lead the economy off another cliff.
State-run firms have been told to shun non-core investments, having burnt themselves badly by earlier forays into property.
Real estate firms need to show minimum capital of just under $1 million and they have to deposit with the state, as surety for buyers, 1-3 percent of the value of new projects.
Towers of aspiration
Fired with ambition, developers in Ho Chi Minh City aim to give Vietnam two potential entries into the top ten list of the world's tallest buildings.
Ground breaking was done last month for the 461-meter Landmark 81, and will be carried out in the final quarter for the 86-story high Empire City Tower.
Dominating a neon-lit riverside metropolis, the two projects will represent a strong statement of intent for this rapidly rising emerging market.
U.S. research agency JLL rates Ho Chi Minh City as the fastest-improving among the 120 cities in its Momentum Index.
"We are seeing a lot of both local and foreign investors and developers trying to get a foothold," Stephen Wyatt, JLL's country head in Vietnam, said.
There's much room for growth, with Vietnam's market valued at $21 billion in 2014 by Nomura Research Institute, compared with Thailand's $89 billion and Singapore's $241 billion.

Tel: +84988060330 English. +84988060220 Chinese.

Property inventory continues falling

Property inventory continues falling

Real estate inventory had an estimated value of 56.28 trillion VND (2.55 billion USD) by the end of October, down 40.4 percent compared with December 2013, according to statistics from the Ministry of Construction. 

The Sun Avenue project in HCM City
This estimated value shows a reduction of 3.1 trillion VND (140 million USD) against the previous month.

The ministry found that property inventory in the apartment segment was 9,562 units, worth 15 trillion VND (680 million USD), while that of low-rise houses was 7,883 units, worth 14.1 trillion VND (641 million USD). 

Inventory for residential land was 7 million square metres, worth 22.5 trillion VND (about 1 billion USD), and commercial land was 1.6 million square metres, worth 4.5 trillion VND (204 million USD).

HCM City saw the highest property inventory of 11 trillion VND (500 million USD), with 516 low-rise houses worth 1.4 trillion VND (63 million USD) and over 264,000 square metres of residential land worth 1.2 trillion VND (54 million USD).

In October alone, the inventory in the city saw a 354 billion-VND (16 million USD) drop compared with the previous month.

Real estate inventory in Hanoi was about 7.3 trillion VND (331 million USD), a decline of dropped 247 billion VND (11.2 million USD) from the previous month, mainly in low-rise houses, with 2,272 units worth nearly 6.7 trillion (300 million USD).

According to the Vietnam Real Estate Association, housing demand in Hanoi and Ho Chi Minh City is still huge. Thus, there’s no need to worry about surplus supply.

Tel: +84988060330 English. +84988060220 Chinese.

Tuesday, September 1, 2015

VIETNAM VOTED AS REGION’S MOST FAVORED HOUSING MARKET

Thuthiem-residential
VIETNAM VOTED AS REGION’S MOST FAVORED HOUSING MARKET

Vietnam is expected to be the best performing real estate market in Southeast Asia in 2016 due to an easing of foreign ownership rules, experts have said.
“Currently Vietnam is offering the most exciting opportunity in the region, while at the same time the regional real estate markets are suffering,” Rudolf Hever, executive director of the Ho Chi Minh City-based Alternaty Real Estate Service Company, said.

Singapore is feeling the effects of the heavy-handed cooling measures, Indonesia and Malaysia have seen rapid currency depreciation, Thailand continues to grapple with internal issues and Myanmar is seeing significant supply coming on to the market putting downward pressure on rentals and pricing, he said.

“Meanwhile Vietnam has come through an extended period of consolidation, and looks poised to lead the regional real estate markets over the next two to three years”.

At the 2015 Property Report Congress held last week in Singapore attendees acknowledged renewed interest in Vietnam due to the positive fundamentals.

Drivers of Vietnam’s latest emergence include a stable and recovering economy, rising confidence among buyers and developers, and the positive effects of the AEC (ASEAN Economic Community) and TPP (Trans-Pacific Partnership), of which Vietnam will be a key beneficiary.

Recent positive moves by the Vietnamese Government like relaxing foreign ownership rules ate and cut in visa fees for foreign tourists are also factors.

Vietnam will cut single-entry visa fee for visitors from US$45 to $25 with effect from November 23. A three-month multi-entry visa will almost be halved to $50. Anyone with a valid visa or other entry documents can buy housing in Vietnam.

Prime choice
The congress heard insights from top industry leaders on the success of real estate companies in Southeast Asia and the likely challenges and opportunities following ASEAN integration.

Country-focused opportunity sessions were also held with in-depth discussions on the Vietnam, Singapore, Philippines, Thailand, Myanmar, Malaysia, and Indonesia housing markets.

During the Congress, panelists were asked to vote on which markets will perform best in 2016, and the clear favorite was Vietnam. Participants expected Vietnam to be the best performing real estate market in 2016, ahead of Thailand, Indonesia, and Philippines.

They were also asked to choose one market (excluding their home market) which currently offers the best opportunity in the real estate market, and once again Vietnam was their prime choice.

According to Alternaty, developers in markets such as Thailand (Bangkok, Phuket), Singapore and Indonesia (Bali, Lombok) had a lot of success in attracting foreign buyers over the past few years, while Vietnam missed out on this trend.

However, the results from the Congress indicate that foreign buyers may finally give Vietnam serious consideration, according to the company.

Tel: +84988060330 English. +84988060220 Chinese.

 

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