{"id":4572,"date":"2019-12-26T16:30:27","date_gmt":"2019-12-26T09:30:27","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4572"},"modified":"2021-06-04T14:46:43","modified_gmt":"2021-06-04T07:46:43","slug":"vietnams-luxury-market-attracts-overseas-investors","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/vietnams-luxury-market-attracts-overseas-investors\/","title":{"rendered":"Vietnam\u2019s luxury market captivates overseas investors"},"content":{"rendered":"

Buoyed by the country\u2019s strong economy and robust real estate market<\/span><\/p>\n

\"\"
Dusk over Ban Nguyet Lake, Vietnam. TonyNg\/Shutterstock<\/figcaption><\/figure>\n

In the third quarter of 2019, the new median price for luxury apartments in Vietnam reached USD5,320 per square metre, a substantial 64.9 percent increase year-on-year, reported APAC Real Estate<\/a>, citing a study published by JLL.<\/p>\n

Primarily lured by the strong economy and robust real estate market, foreign investors have decided to move their capital into the country\u2019s high-end residential market as they form strategic alliances with local developers, such as SonKim Land.<\/p>\n

Vietnam is currently one of the rapidly evolving economies in the globe, growing about seven percent year-on-year during the first nine months of 2019, in what was considered as a nine-year high.<\/p>\n

More: Vietnam\u2019s low-priced properties capture Hong Kong and China\u2019s attention<\/strong><\/a><\/p>\n

Earlier this year, SonKim Land received USD121 million from several investors, such as Credit Suisse\u2019s Singapore branch, Hong Kong-based EXS Capital, and Japanese fund manager ACA Investments.<\/p>\n

Andy Han Suk Jung, CEO of SonKim Land, said that the funding will be used to support the growth of their company and expand their portfolio of high-end residential, hospitality, and commercial projects across the country.<\/p>\n

Since their partnership with EXS Capital in 2013, the firm has expanded rapidly, launching several luxe projects, including the Gateway Thao Dien, Serenity Sky Villas, and Metropole Thu Thiem.<\/p>\n

Director of financial management at EXS Capital Cathy Huang said that the robust economic growth of the country, as well as its young population, were fundamental drivers for international capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Buoyed by the country\u2019s strong economy and robust real estate market<\/p>\n","protected":false},"author":9,"featured_media":20390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[112,208,557,135],"class_list":["post-4572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-foreign-investment","tag-luxury-assets","tag-property-market","tag-vietnam","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"\nVietnam\u2019s luxury market captivates overseas investors | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/vietnams-luxury-market-attracts-overseas-investors\/\" \/>\n<meta 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