The spotlight has been back on the real estate market in recent months with many renowned foreign investors entering the market, but further market revisions will be required to keep things moving in the right direction.
Vietnam has to date attracted 37,500 foreign direct investment (FDI) projects worth nearly 450 billion USD, including 1,100 projects in real estate with a total capital of 66.4 billion USD, heard an international workshop in Hanoi on July 13.
Foreign organizations and individuals will not be allowed to own houses attached to land if an amended draft Housing Law is approved by the parliament in November this year.
Singaporean Keppel Corporation on July 6 announced that Keppel Land Ltd., through its wholly-owned subsidiary, VN Prime Vietnam Co., Ltd., is acquiring a 65 per cent stake in a company ProjectCo, which will hold a retail property in Hanoi.