Many projects of foreign capital attraction

Property market recovery is the main reason to attract capital from foreign investment funds.

Investment Highlight

HCMC Real Estate Association says the property is ranked third in attracting foreign investment. In addition to direct investments, the market also attracted many indirect investment as foreign investment funds for investment cooperation with local businesses through methods such as buying back shares contribute capital project investment, loans, or repurchase products Phuc Khang ... Group is one of many now calling for foreign capital was terrible. In addition to the $ 300 million capital investment fund Global Capital Genesis Phuc Khang investment in the form of acquisition of 30% of the apartments in the project chain Diamond Lotus (District 4), recently the group continued to invest funds Providence (Singapore) acquired 30% of the apartments of Diamond Lotus Lake View (Luy Ban Bich, Tan Phu district).

The participation of foreign investors will help the real estate market more prosperous. Especially contributing to reducing the amount of inventory of market activity through merger and acquisition projects. There are three factors that make foreign investors concern: transparency first, the second is to increase the competitiveness and fairness, the third is the sustainability requirements of the market.

Le Hoang Chau, chairman of HCM City Real Estate Association

This project is a luxury apartment located in the green chain-standard apartments USA Phuc Khang by the Group as an investor. Project size 1.2 ha with 779 apartments, from 50-65m2 area / unit, sold about 1.4 billion price / unit. Not only is the investment fund, Diamond Lotus Lake View project also Adam Khoo (nationality Singapore) wholesale once 10 floors (approximately 100 apartments) to stay and grow into hotel apartments. According to Ms. Luu Thi Thanh Mau, the General Director of Phuc Khang, in addition to building green projects under the US standards to attract foreign capital, the Group also founder Diamond Blue Lotus Club. This is the club engage people together to protect nature, protect the environment, which were under heavy pollution.

Not only Phuc Khang, in recent years a series of real estate businesses in the city also attracted foreign capital amount to pour money into investments. Typically the Creed Group (Japan) poured $ 200 million into the Investment and Property Development An Gia (An Gia Investment). Accordingly, Creed Group is committed to buy 20% stake in An Gia Investment; cooperative acquisition of real estate projects in proportion to the investment 50-50 and development, while providing concessional loans to Gia Investment An investment continue acquiring new projects for development, sold bare. Ibeworth Pte. Ltd., the company controlled 100% of Keppel Land (Singapore), investing about 7.1 million shares, equivalent to 140 billion, into the Nam Long Investment Corporation. VinaCapital Vietnam Opportunity Fund (UK) invested $ 15 million to buy convertible preferred shares of the Group Novaland ...

New chance

Explain why it is investing in the real estate market of Vietnam, Mr. Ng Kai Chuan, CEO of Genesis Global Capital Fund, said that Vietnam is a developing country, large population, the demand for very large houses while housing legislation is also open to foreigners to own under international rules, should the appeal of huge market. Besides, the opening of deep integration has helped Vietnam become the dynamic, high growth, attracting international investors to do business, tourism, immigration ... In particular, the wave pick TPP will cause housing demand of professionals, businessmen, overseas Vietnamese will increase dramatically.

According to Nguyen Vinh Tran, CEO Jen Capital Investment Fund, so far most of the domestic real estate businesses are borrowing bank. This is a very big risk for businesses and markets where fluctuations in interest rates or the economy in trouble. Therefore, funds from foreign partners is very positive support for businesses. Currently, investors are still cautious when investing in Vietnam. They just step by step and have the vision and long-term plan. But with these new policies support foreign investors by the Government, in the long term wave of FDI into Vietnam will tend to become stronger.

Many projects of foreign capital attraction

Customers are visiting Diamond Lotus Lake View project (Luy Ban Bich, Tan Phu district).

Vu Xuan Thien, Deputy Director of Housing Management and the property market, the Ministry of Construction, said that since the Housing Law in effect and after TPP was signed, this is the first investor signed with foreign partners to wholesale and sign long-term contracts with foreign partners. Instead of some projects previously sold only to foreigners scattered a few houses, or much higher than 100 units only, is now sold to foreign investors at a time thousands of apartments. By allowing individuals to own houses in Vietnam, in time to make sure the number of foreigners to buy houses in Vietnam will increase rapidly. This is an opportunity for local firms 'export' property abroad.

According baomoi.com