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Real estate M&As expected to hit record high

Real estate

Analysts said foreign investors are interested in the sector because of the expected GDP growth rate of 6.3-6.5 per cent in 2017 and new policies which make it easier for foreign investors to buy a stake in domestic enterprises.

Savills Vietnam said foreign investors continue to be present in the Vietnamese market in 2017 through M&A deals.

Leading Japanese real estate groups such as Haseko, Fujita and Mitsubishi are looking for real estate projects in Vietnam.

Mitsubishi, known for its projects in the fields of energy, chemicals, food and finance, has decided to join forces with Vietnam’s Bitexco to develop housing projects in Hanoi with total investment capital of hundreds of millions of dollars.

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Paul

The author Paul