Skip to Navigation | Skip to Content



Breaking News - Morocco

Bookmark and Share Send to friend Discuss on CityscapeConnect.com RSS Feed   All RSS feeds

Vietnamese 'investing in the country's high-end real estate'

09 Feb 2010

Vietnamese 'investing in the country's high-end real estate'
High-end real estate in Vietnam is being sold to a growing number of local people, a property developer has said.

Speaking to the Vietnam Investment Review, Wooseok Ki, general director of Investica, said the difference had been noticeable on one of the company's latest luxury property developments – Blooming Park in Ho Chi Minh City.

"Initially our customers came mainly from Korea, Singapore, Hong Kong, Taiwan and many other western countries," Mr Ki said.

But since the project launched in the middle of 2008, the proportion of Vietnamese buyers has increased from around 50 per cent to 75 per cent.

"It is not only Vietnamese from Hanoi and Ho Chi Minh City who are interested in high-end real estate. I have customers from other parts of the country as well," he added.

But international investment is still pouring into the country.

Last month, figures from the Foreign Investment Agency revealed that there had been a 72 per cent increase in the amount of foreign direct investment in Vietnam compared to January 2008.

ADNFCR-1127-ID-19604486-ADNFCR

Login


forgotten password

Find A Company

Weekly Email News Round-up

Related news by topic

Rental Homes Are Still In Demand
02 Sep 2010 Dubai is passing through the phase of economic down break which has lowered the rates of property. S...

Read more »

Commercial Property Investment Is Beneficial
01 Sep 2010 Along with residential property, investment in commercial property can also be profit generating Dub...

Read more »

Number of Tourists Increases in Dubai
01 Sep 2010 European tourists accounted for 46 per cent of the total tourist arrivals in Dubai, while Gulf Corpo...

Read more »