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
email: ant@antconsult.vn or
tel: +848 3520 2779 . To learn more about us, please visit
www.antconsult.vn
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