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SG Branded buyers look to Vietnam

Property Here - Thursday, August 01, 2013

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Investing in Vietnamese property, especially along the country’s fabled Central Coast, has never been more popular with foreign investors, according to Vietnam Sotheby’s International Realty.

The company noted that Asia-based investors from Hong Kong, Singapore, and mainland China are leading the charge as a result of attractive prices when compared to other regional destinations. 

Michael Piro, General Director of Vietnam Sotheby’s International Realty, said: “Since the Vietnam property market is restricted by the Vietnam government, we fill a significant role as consultant, to procure, facilitate, and manage our clients’ valuable investments. Representing the best real estate in town makes Vietnam Sotheby’s International Realty the most valuable partner for foreign investors looking to buy holiday homes in Vietnam.” 

Internationally branded residences across Central Vietnam are currently at historically low prices. A sea-facing one-bedroom condominium at the Hyatt Regency Danang Resort and Spa can be purchased for just US$200,000. 

Meanwhile, Vietnam Sotheby’s International Realty’s portfolio includes The Montgomerie Links Residences (pictured), located on Vietnams’ first golf course designed by Scottish golfing legend Colin Montgomerie. It is currently offering villas priced at approximately US$500,000. 

Piro added: “Of the key residences we represent, 20 percent of sales at the Hyatt Regency and 98 percent of sales at The Nam Hai are from foreign buyers. We see Vietnam as a favourable investment destination versus its Southeast Asian neighbours, given where it is in its development cycle.”  

“Now is Vietnam’s time to shine, as the country has experienced a prolonged period of political stability, progressive reforms, advancing infrastructure, and an unmatched demographic dividend with 62 percent of the population of working age. We are now seeing a supply of quality real estate come on to the market, and transparent legal structures to provide foreigners with access to Vietnam’s real estate market.” 

Vietnam Sotheby's International Realty, based throughout Vietnam, has been helping increasing numbers of Asian investors to shortlist potential properties. It also provides on-site inspections and advice, as well ensuring its clients enjoy maximum returns on investment throughout each 50-year lease.



Andrew Batt
, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg