Foreign investors in race to take over real estate projects in Vietnam

The country's resort sector is looking like an attractive proposition as tourist numbers continue to climb.

Ho Chi Minh city remains one of the most attractive destination for foreign real estate investors (source: hochiminhcity.gov.vn)

A sharp increase in foreign arrivals to Vietnam at the start of 2017 has injected a huge development impetus into the coastal resort sector, and there have also been a raft of investments, mergers and acquisitions in other real estate sectors.

Vietnam’s largest property consultancy firm Savills recently released a report on the investment and transfer of real estate projects that have taken place so far this year.

One of the stand out transactions was made by CapitaLand Group with the purchase of a 0.6-hectare (1.5-acre) piece of commercial land in downtown Ho Chi Minh City to build Vietnam’s first A-class international complex.