Property developers advertise housing projects overseasVietNamNet Bridge - The 2014 Housing Law, which allows foreigners to own houses in Vietnam, has prompted real estate developers to introduce their projects overseas. The 2014 Housing Law, which allows foreigners to own houses in Vietnam, has prompted real estate developers to introduce their projects overseas. The developer of Estella Heights apartment project in district 2, HCM City, for example, has organized a roadshow to introduce the project in Singapore. The figure showed considerable improvement in sales if noting that in the entire year of 2015, only 1,000 foreigners bought houses in the city.Which markets are Vietnamese real estate developers targeting? The developers of seafront resorts can even expect profit of 9-10 percent.According to CBRE Vietnam, mid- and high-end real estate in Vietnam is still much cheaper than in Singapore.

Source: VietNamNet News September 17, 2016 03:00 UTC