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More Japanese investors eye VN’s real estate

TUOITRE NEWS
More Japanese investors eye VN’s real estate - Japan - property investors - property market


After a period of exploration, Japanese investors are starting to enter the Vietnamese property market, especially office buildings, residential areas and industrial properties.



It used to be Singaporean and South Korean investors rather than the Japanese who were interested in the local property market, especially apartment buildings in Hanoi and HCMC.

However, Japanese investors have started to step in after entering other Vietnamese markets such as finance, communication and consumption. 

One good example is the US$1.2 billion Tokyu Binh Duong Garden City project which got off the ground last week.

Japan’s Tokyu Corporation has made their way into the Vietnamese property market through a strategic partnership with Becamex IDC Corp.

The Becamex-Tokyu joint venture invests VND25 trillion, or $1.2 billion, to develop the project which covers 71 hectares in Binh Duong New City, with space for entertainment, commerce and offices as well as some 7,500 housing units.

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