Singapore investors dive into local market
Xuan Phuong Urban Area in the capital city's Nam Tu Liem District. Photo: VNA
A recent survey of Singaporean developers on the attractiveness of property markets in the Asia – Pacific region ranked Vietnam third, placing it after Malaysia and Australia.
The attractiveness of Vietnam's property market stems from a combination of factors, including the country's economic recovery and regulatory reforms, especially with the amended Law on the Real Estate Business and Housing taking effect from the beginning of July with loosened policies on foreigners’ home ownership.
Rich Singaporeans are seeking opportunities to invest in property abroad as opportunities in the home market are narrowing. Singapore has an estimated 105,000 millionaires.
Singaporeans saw Vietnam's property market as an attractive market in Southeast Asia with an anticipated rising demand for housing due to the country's growing population with many young people. Currently, many Singaporean property firms are present in Vietnam, including major players such as CapitalLand, Keppel Land, Sembcorp and Mapletree.
Statistics from the Foreign Investment Agency showed that to date, Singapore is the biggest investor in Vietnam's property sector, with 75 projects, worth a total of 10 billion USD, accounting for 16.4 percent and 20.6 percent of the number of projects and the total registered capital in Vietnam's property sector, respectively.
At a recent meeting in Singapore with Vietnamese Prime Minister Nguyen Tan Dung, leading Singaporean firms showed interest in investing in many sectors, including the property sector of Vietnam.
Still, experts urge authorities to implement more transparent policies to encourage a higher foreign investment inflow into the property sector.
The property sector ranked second in FDI attraction in the first seven months of this year, with total registered capital of 1.69 billion USD, accounting for nearly 20 percent of the country's total FDI./.
Source: VNA
See also

M&A 2023 prospects looking up
06:00 | 07/02/2023 Economy

Expressions of trust in Vietnam’s business environment
06:00 | 06/02/2023 Domestic market

Trade surplus with America exceeds US$100 billion
07:00 | 04/02/2023 Economy

Seeking driving force for 2023 economic growth
06:00 | 01/02/2023 Economy

Intertwined opportunities, challenges for Vietnam’s economy in 2023
07:00 | 30/01/2023 Economy

Industry and trade sector drives development
06:00 | 22/01/2023 Economy
See more news

The right direction for Lam Dong to break through into the global supply chain
08:58 | 10/01/2023 Economy

Nghe An Province increases local content of industrial products
06:00 | 06/01/2023 Province

Review of one-year implementation of Resolution No. 128
09:05 | 05/01/2023 Longform

Vietnam records best-ever performance in digital economic development
16:51 | 03/01/2023 Digitalization

Vietnam looks to market forces to boost growth
06:00 | 02/01/2023 Economy

The path to fostering green exports
06:00 | 30/12/2022 Trade

Mastercard Economics Institute: Economic Outlook 2023
11:04 | 27/12/2022 Economy

Ba Vi, the place to buy Hanoi specialties
15:00 | 26/12/2022 Metropolis

Rural products fall short of potential
10:00 | 24/12/2022 Industry promotion

Mitsubishi Power to upgrade two gas turbines at Tuas Power
09:45 | 20/12/2022 Energy

Positive signs for Vietnam’s labour market
07:00 | 08/02/2023 Society

Artists Cơ, Nghiệp set Guinness World Record in last int'l show
06:00 | 08/02/2023 Lifestyle

Industrial production: Achievements and lessons
06:00 | 08/02/2023 Industry

PM Chính's visit to enhance Singapore-Việt Nam relations: Singaporean FM
15:36 | 07/02/2023 Vietnam and ASEAN

JTI Vietnam certified as Top Employer for 3rd year
15:05 | 07/02/2023 Companies
Multimedia

The woman who revived Kim Hoang folk paintings
06:00 | 04/02/2023 Entertainment

Artists Cơ, Nghiệp set Guinness World Record in last int'l show
06:00 | 08/02/2023 Lifestyle

The unique Giong Festival of Hanoi
09:00 | 07/02/2023 Photo

Ministry of Industry and Trade: New posture and mindset for the new development period
11:41 | 17/01/2023 Longform

Socioeconomic development targets in 2023
06:00 | 05/02/2023 Infographic

Screening tools to enhance FDI quality
06:00 | 05/02/2023 Policy

Prime Minister demands faster disbursement of public investment capital
17:29 | 03/02/2023 Policy

Deputy FM highlights role of economic diplomacy in service of national development
11:05 | 01/02/2023 Policy

Việt Nam supports expansion of UN Security Council
06:00 | 30/01/2023 Policy

Industrial production: Achievements and lessons
06:00 | 08/02/2023 Industry

Food and beverage industry to do well this year despite modest economy
13:00 | 03/02/2023 Industry

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization
15:05 | 02/02/2023 Industry

Hanoi eyes 950 firms in support industries this year
06:00 | 02/02/2023 Support industries

Hanoi, HCM City record highest disbursement of public investment capital in January
08:20 | 07/02/2023 Domestic investment

Hai Phong pledges optimal conditions for investors
09:00 | 04/02/2023 FDI

Greening foreign investment
06:00 | 03/02/2023 FDI

Southeast region prepares for new FDI wave
09:18 | 02/02/2023 FDI

Foreign investors remain optimistic about Vietnamese stock market
09:03 | 06/02/2023 Stock Market

Tax revenue up 4.4 percent year-on-year in January
08:40 | 03/02/2023 Finance-Banking

State-owned banks under capital increase pressure
10:52 | 01/02/2023 Finance-Banking

Positive prospects for Vietnam’s stock market this year
14:48 | 31/01/2023 Stock Market

Vietnam looks ahead to 2023 climate summit
06:00 | 25/12/2022 Environment

Preserving nature, facilitating business
06:00 | 10/12/2022 Environment

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather
11:40 | 24/11/2022 Environment

JTI Vietnam commits to net zero greenhouse gas emissions
16:25 | 15/11/2022 Environment

Seven technologies to watch in 2023
06:00 | 07/02/2023 Science - Technology

Technology trends to watch in 2023
06:00 | 05/02/2023 Science - Technology

Managed security provides IT talent gap solution for businesses in SEA
16:34 | 30/01/2023 Information technology

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated
09:23 | 30/01/2023 Science - Technology

Positive signs for Vietnam’s labour market
07:00 | 08/02/2023 Society

Illegal fishing tackled with drastic measures to remove 'yellow card'
11:13 | 07/02/2023 Society

Hunting for real estate investment opportunities after Tet
09:32 | 03/02/2023 Property

Vietnamese university up 97 places in Webometrics ranking
10:00 | 02/02/2023 Society

JTI Vietnam certified as Top Employer for 3rd year
15:05 | 07/02/2023 Companies

Doosan Vina and Chung Ang University continue educational CSR program
10:32 | 06/02/2023 Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development
13:00 | 10/01/2023 Companies

VIMC embarks on strong recovery
06:00 | 10/01/2023 Companies

Artists Cơ, Nghiệp set Guinness World Record in last int'l show
06:00 | 08/02/2023 Lifestyle

The unique Giong Festival of Hanoi
09:00 | 07/02/2023 Photo

Late artist Nguyen Tu Nghiem's works on display in rare exhibition
08:00 | 07/02/2023 Lifestyle

The woman who revived Kim Hoang folk paintings
06:00 | 04/02/2023 Entertainment

About nine million Vietnamese travel during Tet holiday, revenues down
09:00 | 07/02/2023 Tourism

18,000 tourists spend US$18.3 million on foreign tours during Lunar New Year
08:00 | 05/02/2023 Tourism

Vietnam listed among top places to visit in the New Year
06:00 | 04/02/2023 Tourism

Five-day holiday for workers during Reunification Day period
06:00 | 03/02/2023 Tourism