Vietnam Real Estate Attracts Singapore Investors
Investment flows from Singapore to Vietnam real estate sector are increasing with the presence of many huge investors. According to the Consulate General of Republic of Singapore in Ho Chi Minh City (HCMC), Vietnam is one of the leading markets for investment of Singapore businesses. Currently, Singapore’s real estate businesses are operating successfully in Vietnam. A typical case is the 7 Vietnam – Singapore Industrial Parks (VSIP) that has attracted more than 8 billion USD of investment capital and creating jobs for more than 155,000 workers. According to Director of Department of International Business Development of Singapore, many multinational enterprises that headquartered in Singapore are also very interested in the real estate market of Vietnam . One example is the Kusto Home Company based in Singapore, which is developing and managing the Diamond Island project in HCMC. According to President of Kusto Home, they have studied Vietnam real estate market since 2005 and found ...