Vietnam beckons Malaysia’s property bigwigs with urban boom, reforms and rapid growth
Developers known for large townships and high-rises have ramped up their presence in the fast-growing market since the pandemic
[HO CHI MINH CITY] Malaysia’s property giants are flocking to Vietnam, launching major township projects in and around Hanoi and Ho Chi Minh City, as rapid urbanisation and growth, a rising middle class and law reforms fuel one of South-east Asia’s most dynamic real estate markets.
Vietnam is entering a “new period” of real estate development, remarked Neil MacGregor, managing director of UK-headquartered property agent Savills in Vietnam.
This momentum has drawn Malaysian stalwarts such as Gamuda Land, SP Setia, and SkyWorld Development – developers long known for their expertise in large-scale townships and high-rise communities.
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