Asian investors help boost VN realty
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Many Asian investors have poured money into the property industry, making it second largest recipient of foreign direct investment in Vietnam this year.
Though the industry has remained depressed, they invested US$1.7 billion.
Of the 10 projects in the year to date, the Tokyu Binh Duong Garden City by Japan’s Tokyu Group and the Southern Hanoi Supporting Industries Park by the Japanese Shimizu Corporation are the largest in terms of investment.
Property developers and investment funds from other Asian countries are also eyeing Vietnam’s realty sector.
According to the Gulf Times, Qatar plans to invest up to $4 billion in a series of properties, mostly focused on infrastructure, shopping malls, and the
residential and hotel sectors.
