Nearly 1.7 billion USD of FDI pours into real estate market

Thien Thanh Sanitaryware joint company



Nearly 1.7 billion USD of FDI pours into real estate market

 

The country's property market attracted 1.69 billion USD in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.

This figure accounted for 19.3 percent of the total FDI capital of 6.92 billion USD.

Figures from the agency showed that the real estate sector took second place in attracting FDI capital during the period. In HCM City alone, four real estate FDI projects received an investment licence, with total registered capital of 1.31 million USD.

Experts forecast that FDI pouring into the property sector would see a surge by the year-end month thanks to the amended Law on Housing 2014 and Real Estate Trading, which allows foreign buyers and overseas Vietnamese to own houses in Vietnam for 50 years.

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