Wednesday, 7 October 2015

Vietnam Property Market

I'm really excited for my upcoming study trip to Vietnam this weekend! CapitaLand and Thien Duc will be launching their new project, Vista Verda in May Flower Hotel this Sunday.

Vista Verde Vietnam is strategically located in Thanh My Loi Ward, in the heart of District 2’s administrative center. From only S$15x K!

Why Invest in the Vietnam Market?
HO CHI MINH CITY • Real estate in Vietnam is at a different stage in the property cycle from the rest of South-east Asia and there are signs that the market is turning, according to Mapletree Investments' chief executive officer for the region.
Wheels of change are in motion in Vietnam. On 1 July 2015, two new policies were introduced that could transform the country’s investment landscape, especially in the recovering housing sector.
The first policy is a revised visa-free travel policy, valid for 15 days, for five European nationalities – German, French, British, Italian and Spanish – which could help increase international tourist arrivals in the country and subsequently drive demand for hotel and rental properties.
The second, and arguably more significant rule change, is the much-awaited legal reform on the Law on Residential Housing (LRH), which removes many restrictions for foreign buyers in real estate, following the government approval in November 2014.
“This is a game changer for the real estate market and a large policy shift for Vietnam where the right of foreigners to own property in Vietnam is concerned,” said David Lim, managing partner of ZiCOLaw Vietnam. “These positive developments are expected to boost demand and help improve market liquidity, especially for mid-to-high end residential housing as well as vacation and/or second homes.”
"Vietnam is seeing fairly strong economic growth, especially compared with the rest of South-east Asia. Income growth is strong with rising urbanisation and foreign direct investments," MS WENDY KOH, Mapletree Investments' chief executive officer for the region
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