American billionaire eyes Vietnam property market By Dinh Dung - The Saigon Times Daily Jay H. Shidler, founder and managing partner of the Shidler Group, gestures while talking about his first visit to Vietnam at the University of Hawaii’s office in HCMC on Monday - Photo: Dinh Dung HCMC - An American billionaire is looking for opportunities to invest in real estate sector in Vietnam, saying that the local property market remains potential for long-term investment though it is challenging for developers now given the credit tightening policy. Jay H. Shidler, founder and managing partner of the Honolulu-based real estate investment firm Shidler Group, told the Daily on Monday about his plans, showing his confidence in the office building and warehousing segments. Shidler made his first trip to Vietnam on a private jet to attend a graduation ceremony of the University of Hawaii’s Executive MBA Program held at the White Palace convention center in HCMC’s Phu Nhuan … [Read more...] about American billionaire eyes Vietnam property market
Vietnam property investment
Vietnam property remains attractive to investors By Dinh Dung - The Saigon Times Daily HCMC - Vietnam is still a potential destination market for foreign investors, though the country, like other neighboring markets, saw trading activities subdued during the past six months, according a regional research released by CB Richard Ellis Vietnam (CBRE) last week. Marc Townsend, managing director of CBRE, said Vietnam was slowly becoming a regional player, evidenced by international funds who have established presence here and are very comfortable operating in the market. “As the established investors in Vietnam are still doing deals, investors from outside the region will continue to cast an eye over the opportunities,” Townsend said, adding that foreign investors began to look beyond the traditional, developed, investment markets for investment opportunities in countries in the Asia Pacific region. The market research company, however, said that bank lending for real estate … [Read more...] about Vietnam property remains attractive to investors
Vietnam properties more attractive than elsewhere in regionLe Hoang By Le Hoang - The Saigon Times Daily Neil MacGregor (2nd, L), managing director of Savills Vietnam, and Dang Duc Thanh (3rd, L), chairman of the Vietnam Economic Club and executive board member of the Vietnam Chamber of Commerce and Industry, are seen at the Vietnam- Singapore Business Forum last week in HCMC - Photo: Le Hoang HCMC – The country’s real estate market will become more attractive to foreign investors than in other regional countries as it has bottomed out, experts said. Neil MacGregor, managing director of Savills Vietnam, said at the Vietnam-Singapore Business Forum held from June 4 to 6 by the Vietnam Chamber of Commerce and Industry in HCMC that investors in the region have ample funds for investment and they prefer Vietnam’s real estate market to those of other countries such as Thailand and Indonesia. The domestic property market has hit … [Read more...] about Vietnam properties more attractive than elsewhere in region
Recently I gave a talk to a group of expats buying in Vietnam which is a hot topic I am regular asked about as a foreigner myself. This is all well and good for the expat few that do buy but what about the rest of the market? The majority of the market? What impact has the legislation had in encouraging the average Vietnamese buyer to purchase property? When the Vietnam's National Assembly passed on November 25, 2014, the long-awaited (now not so new) amended Housing Law that finally addressed the issue on foreign ownership of properties, we in the industry had no idea what to expect. Now, almost 1.5 years on, this single piece of legislation has (supported by fortunately favourable market conditions) helped to drive the Vietnam real estate market from what was considered toxic oblivion pre 2015 to becoming one of the more attractive markets in the region. You want to know the best thing about it? Now foreigners have a slice of the pie – well, perhaps more of a bite than a slice. … [Read more...] about Vietnam property market: to buy or not to buy?
HANOI, March 23 - Encouraged by an easing of real estate laws and a thriving economy, the overseas Vietnamese are sending record homebound remittances and adding impetus to a property sector now undergoing a boom after emerging from the doldrums. HANOI, March 23 - Encouraged by an easing of real estate laws and a thriving economy, the overseas Vietnamese are sending record homebound remittances and adding impetus to a property sector now undergoing a boom after emerging from the doldrums. House and condominium buys - in cash - will bolster the market recovery just as the State Bank of Vietnam (SBV) prepares to tighten criteria on domestic home loans to avoid a repeat of a painful 2011 collapse that left $6 billion of unsold properties and banks crippled by bad debt. Experts say a healthier economy in the United States, where many of the overseas Vietnamese live, and Vietnam's improving business prospects are encouraging people to send money to their old country. Procurement … [Read more...] about Boon for Vietnam property market as more overseas cash goes home