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Real estate market: Many ways for improving situation

 

Troy Griffiths, National Director Research & Valuation of Savills Vietnam said Vietnam needs to strengthen competiveness to attract local investment, benefiting real estate market. To Richard Leech, Executive Director of CBRE Vietnam, FDI for real estate in first 6 months of 2011 was only USD305 million. The reason is resulted from weak infrastructure and poor human resources. Vietnam’s property market is the victim of its own success because everyone can sell property since all have demand, Ross Lightfoot, National Director – Residential Sales and Marketing at Knight Frank Vietnam explained.

Therefore, managers and foreign investment promotion agencies need to speed up popularizing information and raise confidence and optimism for foreign investors. As for domestic investors, they also need to expand partnership to seek and attract FDI for their projects.

 

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Source: HAI PHONG – Date: 21/09/2011