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Increased tourism 'boosts Vietnamese real estate'
14 Jul 2008
The nation's online news resource Thanh Nien News, suggests that the real estate market has become more buoyant in the past six months as a result of increased tourist interest.
It asserts that a number of tourism-orientated real estate projects are in the pipeline as visitor numbers are expected to increase.
Speaking to the news provider, Francis Ng Sool Lin, director of Malaysia’s Berjaya Land Berhad, said that several big tourism events are planned which are expected to receive attention from around the globe.
"It is attracting several investors from Malaysia and South-east Asia to the potential market," he added.
Meanwhile, it was recently reported that Brunei-based New City Properties Development is to build a high-grade tourism complex worth $4.3 million (£2.2 million) in the nation's Phu Yen province.
According to Antara News, the project will boast 4,300 five-star and 8,900 four-star hotel rooms, 160 high-grade villas and a 36-hole golf course.
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