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More than 50% foreign investment in HCMC poured into the real estate market

HCMC real estate market in the South

In the first 11 months of 2017, HCMC has licensed 751 foreign-invested projects with a total registered capital of $ 1.97 billion, an increase of 2.4 times in the same period of 2016. In particular, more than half of capital inflows into the real estate market .

In the first 11 months of 2017, HCM has licensed 751 foreign-invested projects with a total registered capital of $ 1.97 billion, an increase of 2.4 times in the same period of 2016. In particular, more than half of capital inflows into the real estate market .

More than 50% foreign investment in Ho Chi Minh City poured into the real estate market
More than 50% foreign investment in Ho Chi Minh City poured into the real estate market

According to the HCMC Statistics Office, By the end of November 2017, the city licensed 751 foreign-invested projects with total registered capital of $ 1.97 billion. Compared to the same period in 2016, this figure has increased by 2.4 times. In addition, HCMC also has 201 projects to increase investment capital with $ 991 million, 2,014 projects have contributed capital, purchased shares with investment capital of $ 2.56 billion.

Foreign investment registered to invest in 24 real estate projects in Ho Chi Minh City. HCM reached $1.01 billion, equivalent to more than 51% of the total newly registered capital.

As a whole, from the beginning of the year to now, HCM attracted total foreign investment capital registered new, adjusted and contributed capital, buying shares reached nearly $ 5.52 billion, doubling over the same period in 2016.

According to the real estate sector, real estate was the leading sector with 24 projects, $ 1.01 billion invested in capital and 51.5% of the total newly licensed capital. Ranked in the next position is processing industry, manufacturing 45 projects with investment capital of nearly $480 million, accounting for 24.4%. Next to the business sector is invested $212.2 million, accounting for 10.8%.

If the country is invested, Korea is the leading country with 142 projects, investment capital is 1.03 billion USD, accounting for 52.6% of total capital. The US has 33 projects with a capital investment of $253 million. Japan accounted for 7.2% of total investment.

Representatives of Japan’s Meada Investment Group signed a cooperation agreement with Thien Duc Construction Company to implement the $ 30 million Wateria Suites project in District 2, HCMC.

Similarly, a joint venture between Japan’s Kajima and Indochina Capital plans to invest $ 1 billion over the next 10 years to buy real estate projects in Vietnam. Mitsubishi Corporation also has a joint venture with Bitexco Corporation to develop a $ 290 million housing project in Hanoi.

Coming from Singapore, Keppel Land Co., Ltd. has invested heavily in real estate projects in Vietnam. Specifically, invest in Tien Phuoc company jointly develop projects in District 2, invest in Nam Long Investment Joint Stock Company … Or buy a 40% stake in Empire City Co., Ltd. to build observation tower 86 storeys in Thu Thiem Urban Area with total investment of $ 1.2 billion.

In particular, FDI inflows are strongly concentrated in the M & A sector. For example, the Creed Group of Japan has invested $ 200 million in An Gia Investment to jointly develop medium-scale real estate projects in Ho Chi Minh City.

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More than 50% foreign investment in HCMC poured into the real estate market
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