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S'pore developers gun for bigger slice of Vietnam pie

New law removes critical hurdles to foreign property ownership; the ease of getting land still a challenge
Wednesday, December 9, 2015 - 05:50
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Keppel Land has received a strong take-up for Estella Heights, its latest condominium development in Ho Chi Minh City. Launched in mid-October, it is 60 per cent sold to-date.
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CapitaLand has sold some 65 units in its Vietnam projects Vista Verde (above) and The Vista. It is expected to launch its eighth condo project in the country in H2 2016.

Singapore

AFTER almost five years of a housing slump, the Vietnam market is roaring back to life and with the New Housing Law and Real Estate Business Law that has removed critical obstacles to foreign property ownership, many foreign developers are zeroing in on the market again.