A corner of Me Tri Thuong urban area (Photo: VNA)Hanoi (VNA) – Foreign investors are eyeing real estate projects inthe northern region, particularly Hanoi, as they see the region’s potential,heard a conference held by the Commercial Real Estate Services (CBRE) VietnamCompany on January 4.
In2017, Vietnam remained an attractive destination for foreign investors withtotal FDI capital registered in the country hitting a record high of 35.88billion USD, up 44.4 percent against last year.
Realestate ranked third in terms of FDI attraction, accounting for 8.5 percent ofthe total registered capital.
Accordingto CBRE, since 2017, many foreign investors have paid special attention toHanoi’s property market.
Theyhave joined hands with several big domestic investors to carry out projects,for example, Sumitomo Group’s deal in the northern side of the Red River whichis expected to be a hot spot for real estate.
TheJapanese group decided to participate in Vietnam’s real estate market throughurban planning and infrastructure development.
NguyenHoai An, Manager of Research, Consulting and Asset Management Services at CBREVietnam, said that the intensive involvement of foreign investors in Vietnam’sreal estate market will create positive changes in not only products but also methodson how to sell and introduce them, for example, selling real estate online.
Expertspredict that increases in purchasing power and demand for houses will helpboost the market’s growth in 2018.-VNA
VNA
