Savills Viet Nam attracts S Korean property investors
Savills Viet Nam attracts S Korean property investors
Savills Viet Nam, a foreign property consultancy firm, expects to receive a delegation of South Korean investors by the end of this month.
The delegation is scheduled to visit projects in Viet Nam to learn more about investment opportunities here, the firm said yesterday.
The visit was planned following a seminar to introduce property investment opportunities in Viet Nam, which had been held in Seoul last week by Savills Viet Nam and Savills Korea.
The seminar attracted some 110 guests including Korean finance experts, real estate investors, banking sector representatives, consultants and developers who are interested in Viet Nam.
At the seminar, Neil MacGregor, managing director of Savills Viet Nam, provided an overview of the Indochina real estate market, including an in-depth look at current market trends and areas of opportunity for Korean investors.
"Korean developers have been active investors in Viet Nam for many years, and we are now seeing renewed interest in Viet Nam," Neil remarked.
"This is being driven by the fact that Viet Nam is now at the bottom of the real-estate market cycle, and developers want to position themselves for the market recovery," he continued.
"We are also seeing strong interest from investors looking to purchase good quality operating assets such as office buildings, serviced apartments and hotels," he added.
Viet Nam is showing strong signs of recovery, with foreign direct investments (FDIs) up around 65 per cent year-on-year, a steady currency, lower inflation and interest rates, and a very strong remittance rate from Vietnamese people living overseas, Savills Viet Nam stated.
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