Singapore developers deepen long-term bet on Vietnam
Key drivers include its young and more well-educated workforce, as well as a growing middle class
Add BT as a preferred source
[SINGAPORE] Early bets on Vietnam decades ago have turned the country into a key growth market for Singapore developers, which are now expanding across various sectors from housing to logistics as the economy matures and its middle class grows.
Today, property players including CapitaLand, Mapletree, Keppel and Frasers Property have built sizeable portfolios across Vietnam’s residential, commercial, logistics and hospitality sectors, with more projects, funds and partnerships in the pipeline.
Keppel, for instance, has become one of the country’s largest foreign real estate investors, with 26 projects and registered investment capital totalling around US$3.9 billion.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Wanted: 100 AI specialists, 100 wealth relationship managers at HSBC Singapore
China chipmaker CXMT jumps 472% in debut after US$9.8 billion IPO
Temasek should publicly state its position on the long-rumoured CapitaLand-Mapletree merger
