14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Japan jumping into Hanoi real estate market

Vov/Hanoitimes

Dec 21, 2014 / 05:17 PM

Japanese real estate investors are diving into the Hanoi real estate market head first, particularly keen on the office, retail, and housing development segments.

The trend of market expansion in Asia is Vietnam, Indonesia, the Philippines and Singapore (VIPS), in that order, says Humphrey Morgan-Head of Japanese Customer Care Department from Savill Hanoi.

Some major Japanese companies have even decided to relocate their offices to Hanoi so they can be where the action is at and keep on top of the fast paced market.

A Japanese company is preparing to close on one of Hanoi’s top office building which demonstrates that Japanese investors recognize the potential of the Hanoi real estate market, Morgan revealed.

He added that the revised Housing Law approved recently that allows foreigners to buy and own houses in Vietnam holds promise for the property market in 2015.

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