Investment
flows from Singapore to Vietnam real
estate sector are increasing with the presence of many huge
investors.
According
to the Consulate General of Republic of Singapore in Ho Chi Minh City (HCMC),
Vietnam is one of the leading markets for investment of Singapore businesses.
Currently, Singapore’s real estate
businesses are operating successfully in Vietnam. A typical
case is the 7 Vietnam – Singapore Industrial Parks (VSIP) that has attracted
more than 8 billion USD of investment capital and creating jobs for more than
155,000 workers.
According
to Director of Department of International Business Development of Singapore,
many multinational enterprises that headquartered in Singapore are also very
interested in the real estate
market of Vietnam. One example is the Kusto Home Company based in
Singapore, which is developing and managing the Diamond Island project in HCMC.
According
to President of Kusto Home, they have studied Vietnam real estate market since
2005 and found that Vietnam is a potential and dynamic market, especially the
housing segment.
There
are many Singapore real estate investors that have operated in Vietnam market
for a long time and have been quite successful such as Keppel Land, Mapletree,
Sembcorp, CapitaLand…
In
particular, Keppel Land is one of Singapore’s real estate
investor that has been presented in Vietnam very early and
became one of the largest investors in the real estate market of Vietnam.
In
Vietnam, Keppel Land has a diversified investment portfolio in Hanoi, HCMC,
Dong Nai and Vung Tau with 19 licensed projects, including the grade A office
buildings, premium residential projectsnd, modern urban area complex
serviced apartments.
According
to CEO of Keppel Land, Vietnam with rapid growth rate is one of the key markets
of Keppel Land at the present and in the future.
If
Keppel Land invests in many market segments
in Vietnam, CapitaLand is now regarded as the leading investors in
the segment of housing development. Presented in Vietnam since the 90s of the
last century, CapitaLand is developing projects in 6 major cities of Vietnam as
Hanoi, HCMC, Hai Phong, Da Nang, Nha Trang and Binh Duong. So far, CapitaLand
has provided for the housing market of HCMC and Hanoi of about 7,850 quality
apartments, with 8 housing projects.
According
to General Director of CapitaLand, Vietnam is one of CapitaLand’s key markets
in Asia. According to forecasts, in the coming time, Singapore still continues
to invest heavily in the Vietnammarket.
According
to the latest report of the Foreign Investment Department (Ministry of Planning
and Investment), by the end of June 2016, investment capital in real estate
sector accounted for more than 30% of the total foreign direct investment (FDI)
of the ASEAN region to Vietnam, with 97 projects. In particular, Singapore
accounted for nearly 80% of the number of projects and 60% of total investment
capital in this field. The projects of Singapore investors belong to many
segments from residential, office, retail space to the real estate for tourism,
resort.
According
to Chairman of the Singapore RealEstate Brokerage
Association, among Singapore’s 10 large enterprises that are investing in
Vietnam, there are up to 5 businesses invest in the real estate sector.
In
addition to traditional investors that are actively expanding their operations
in Vietnam market, many new investors are pouring capital into this country.
SynGience
Financial Group from Singapore, Lucky Land Company and Minh Nguyen Long Company
have signed contract to invest 400 billion VND in Depot Metro Tham Luong
project with the scale of 660 apartments, next to the Tham Luong line stop of
the subway no. 2 (Ben Thanh – Tham Luong).
Most
recently, Ibeworth Pte. Ltd., – a subsidiary with 100% capital of Keppel Land
and Nam Long Investment Joint Stock Company have signed contract to register to
buy convertible bonds of Nam Long with a total value of 500 billion VND.
ANT
Consulting is here to assist you from the outset; providing corporate
intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:
We
strive to save your cost by guiding you towards economical solutions that
comply with local legislation and procedures. We support you through early
logistic solutions and carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.
We could be reached at
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