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HUNDREDS OF MILLION DOLLARS POUR INTO REAL ESTATE IN EARLY 2019
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According to statistics of the Foreign Investment Agency (Ministry of Planning and Investment), in the first 2 months of 2019, total foreign direct investment (FDI) newly registered, increased and contributed capital to buy shares by foreign investors reached nearly USD 8.5 billion, 2.5 times more than the same period in 2018. Of which, USD 7 billion was poured into the processing and manufacturing industry.
Optimistic about foreign capital inflows into real estate, according to Deputy Minister of Construction Nguyen Van Sinh, the urbanization process continuing to take place at a high speed, urban population increasing rapidly, especially in the big urbans; per capita income exceeding the threshold of USD 1,000/person … are factors for Vietnam’s real estate market to continue to develop strongly in the future.
In 2019, it is expected to continue to record new investment transactions at various levels namely: Assets, portfolio, and investment enterprises. Savills Vietnam is implementing many valuation projects for initial public offering (IPO), which is also a testament to investors’ interest in the real estate market. With the positive prospects of many real estate segments, it is hoped that the investment inflows will be more diversified, including investment channels with numerous opportunities such as industrial and logistics real estate.
In addition, according to many real estate experts, in 2019, the amount of FDI pouring into Vietnam’s real estate market will be higher than in 2018 because the USD 6.6 billion of foreign capital pouring into real estate in 2018 was the invested actual number, not the registered number. This confirms the belief of foreign investors in Vietnam’s real estate market.
The fact that foreign investors pour capital into the real estate market is an opportunity to help domestic investors mobilize capital in the context of unfavorable real estate credit. This foreign capital will contribute to standardize the market, create values in accordance with international standards, raise the Vietnamese real estate market level and share many burdens from the financial market.
New urban models attract investors
The real estate project of TMS Hotel Quy Nhon Beach likened to a new architectural symbol with a scale of 42 floors becomes the tallest tower in the city right on Nguyen Hue Street, where the key administrative agencies are concentrated, transport infrastructure is perfect and easily connected to famous tourist sites.
The project is a combination of the most livable 5*-standard internal utility system in the area with Sky Bar on the 42nd floor, infinity pool, spa & fitness, European- Asian buffet restaurant, aerial garden and playground … Especially, high quality international polyclinic for the first time in Binh Dinh will meet the needs of people at maximum as well as contribute to attracting tourists to Quy Nhon.
Consulted and designed by CallisonRTKL (USA) – Top 8 leading architectural firms in the world (design unit of 65-storey Lotte Center Hanoi), this real estate project has a free architecture with over 80% of sea-view apartments, ensuring to bring customers a high-end living and rest space and optimizing utilities as well as improving business value for investors.