Source: Asia Pulse

Singaporean businesses are showing interest in the real estate market in Vietnam, considering this to be a promising market.

“As the political situation is stable and the economy has experienced growth for many consecutive years, the Vietnamese people are getting richer and their demand for housing is high. I suppose this is a potential market,” said Edwin Yu Kwok Kam, Director of the
IMC Industrial and property investment company.

Yu said at the Investment Opportunities in Vietnam forum, which opened in Hanoi on January 9, that the demand for housing will continue rising in Viet Nam where the property market is in short supply.

Statistics released at the forum indicated an imbalance between the demand and the supply of apartment and office for rent. In the capital, almost all apartment and office building projects report an occupancy rate of more than 95 per cent.

Singapore companies move on Vietnam

Technorati Tags: Singapore companies move on Vietnam

Source: Asia Pulse

The Malaysian construction company WCT Engineering Berhad was granted an investment license to undertake the US$200 million Platinum Plaza in southern Sai Gon urban area on January 9.

The 9ha complex encompasses a four-star hotel, an office building, a service and trading centre and sports and entertainment areas. The project is a cooperation between WCT and its Vietnamese
partner Minh Thien Construction and Trading Company Ltd.

So far, 55 foreign invested projects with total registered capital of US$1.3 billion were granted licenses in the area. In 2007 alone, the southern Sai Gon new urban area attracted 26 foreign investment projects worth a total 398 million USD.

Malaysian Co reveals VTNM plans

Technorati Tags: Malaysian Co reveals VTNM plans

By Asia Pulse
Singapore group Cattigana plans to build a US$102 million five-star resort at the foot of the Hai Van Pass in Vietnam’s Thua Thien-Hue Province.

The luxury resort, to be built on 100ha on Chuoi Beach in Chan May-Lang Co Economic Zone, will have 170 villas and a complex for cultural and leisure activities. The chairman of the provincial Peoples Committee, Nguyen Ngoc Thien, said the licence for the project would be issued this month.

The company is expected to break ground for the construction in the first quarter.

Singapore company to spend $102m in Vietnam

Technorati Tags: Singapore company to spend $102m in Vietnam