Wednesday, March 22, 2023 6:20:46 AM - Markets open
VN-INDEX 1,032.43 +9.33/+0.91%
HNX-INDEX 203.11 +1.49/+0.74%
UPCOM-INDEX 75.67 -0.35/-0.46%
Singaporean businesses expand investment in Vietnam's real estate
VietNamPlus - 8/10/2021 10:38:19 PM
 (0 ratings. You must sign in to rate.)
Vietnam is becoming a key market for Singaporean real estate investors with hundreds of housing and office for lease projects throughout the country.
Many investors including Sembcorp Development, CapitaLand, Keppel Land, Frasers Property, Mapletree have been doing business in Vietnam over the past 20 years, Dau tu (Investment) newspaper reported.
Industrial property is also attractive to Singaporean investors. Vietnam-Singapore Industrial Park (VSIP), a joint venture between Becamex IDC and a consortium of Singaporean investors led by Sembcorp Development Group, is a typical example.
Established in 1996, VSIP has so far had nearly 10 industrial park development projects in many localities such as Hai Phong, Bac Ninh, Hai Duong, Binh Duong, Quang Ngai, Nghe An and Binh Dinh. It is providing production infrastructure for 880 customers from 30 countries and territories investing in Vietnam with a total investment of 14 billion USD while generating jobs for 270,000 employees in the country and abroad.
VSIP is also a pioneer in the construction of service urban areas and commercial zones which are synchronously planned along with industrial parks.
Mapletree Group, another Singaporean investor, has eight real estate and logistics projects in Vietnam. The group owns and manages more than 1 billion SGD (719.2 million USD) in assets in the country, stretching from Hanoi to HCM City, Binh Duong, and Bac Ninh.
Boustead Projects Limited, Singapore's leading industrial real estate solution developer, launched the first ready-built factory-for-rent project in Nhon Trach 2 Industrial Park in Dong Nai province in 2018. Currently, the second phase of the project is going on. It is expected to complete and welcome tenants in the third quarter of this year.
Previously, Singaporean investors only invested in housing development in Vietnam, but they have recently expanded their portfolio to the logistics and factory real estate segments. 
Frasers Property Vietnam has unveiled its latest development project in Binh Duong province. The group is rushing to complete and put into operation a 40,000 sq.m of ready-built factory-for-rent project at Binh Duong Industrial Park Project (BDIP) in the second quarter of 2022. It is expected that BDIP will provide a total of more than 200,000 sq.m of factories for lease in the next 6-7 years.
CapitaLand, a leading residential real estate developer with nearly 9,000 luxury apartments, that has developed in Vietnam for nearly 30 years, also has plans to invest in industrial real estate.
Ronald Tay, General Director of CapitaLand Vietnam, said that the completion of the merger with Ascendas-Singbridge in 2019 has contributed to strengthening the capacity and foundation for the development of logistics and industrial parks property.
In May, Emergent Vietnam Logistics Development Pte of Singapore received a licence to develop a 34.4 million USD logistics centre in Binh Duong. When completed, this project will provide logistics, storage and warehouses or lease./.
Read original article here
Newer News
14/03 Gov’t removes roadblocks for real estate market, firms expect drastic actions
14/03 Real estate market won’t recover until late 2024: experts
06/03 HCM City condo supply down in 2023
03/03 HCM City to remove challenges facing 116 property projects
16/01 Experts call for favourable policies to help real estate
16/12 Domestic real estate market boom unlikely in 2023
16/12 Domestic real estate market boom unlikely in 2023
16/12 Interest rate for social housing loans to be raised to 5% in 2023
07/12 MoF to raise taxes on land and housing
07/11 Real estate market must be digitalised
Older News
14/05 Domestic real estate market continues to see rosy signs
23/03 Deputy PM urges fast implementation of Long Thanh Airport’s component projects
08/02 HCM City in top six most preferred markets for investment: CBRE
27/08 Localities must select ODA projects practically: minister
18/06 COVID-19 could shake up realty rent market
10/06 Property firms return to market after COVID-19
28/03 Association calls for tax incentives for social housing developers to be consistent
01/03 Residential suburban projects prove alluring to buyers
23/02 Ownership certificates for condotels could solve market issues: experts
09/02 Hải Phòng eyes new industrial zones this year
Newsletter Signup
Top Stories
Central bank makes first rate cut since 2020 to support economic growth
Domestic investors open less than 100,000 new accounts in the first 2 months
MSN: Masan secures up to $650m syndicated loan, redeems $126.3m bonds
Shares climb for third straight session
Shares climb for second day, realty stocks cool down
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,032.43 +9.33/+0.91%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.