In many ways and in most sectors, Vietnam could be said to be one of the most dynamic countries in South-east Asia. Its current growth and potential for future growth is becoming clearer to investors and the real estate sector is simultaneously being well-ploughed and sufficiently fertilised.
Photo credit: Keppel Land
Keppel Land and Centurion Group are just a couple of major industry players setting their sights and putting in good investment money into Vietnamese real estate. One of the main pull factors are the Vietnamese government being actively pro-business and opening their industries up to foreign investments. They are not simply making essential changes to the law that allows foreign companies the ease of starting up businesses in Vietnam, but also consistently building up infrastructure. With a young and dynamic population growing, the demand for office, commercial and residential properties is set to intensify in the next decade or two.
Photo credit: The Dalat at 1200
Keppel Land alone has 19 licensed projects totalling $2billion in the major cities of Hanoi, Ho Chi Minh City, Dong Nai and Vung Tau with plans to build up to 25,000 new homes in developments such as Rivera Cove. Rivera Point and The Estella Heights and Estella Heights, all in Ho Chi Minh City. The Centurion Group is developing a prestigious country club and private estate situated 1200 metres above sea level and a 40-minute flight away from Ho Chi Minh City – The Dalat at 1200. It is the world’s first country club and private estate to be accredited as an Asian Tour Destination and boasts an 18-hole golf course and expansive stand-alone villas and resort apartments surrounded by nature.
Vietnam will no doubt be one of the Asean economies to watch and with the dynamism it now exudes, growth seems inevitable.