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South Korean, Hong Kong investors hunt for commercial property

Regarding of the new Law on Housing and Law on Real Estate Trading starting to take effect on July 1, which allow foreigners to buy housing in Vietnam, Marc Townsend, CEO of CBRE Vietnam, said that these new laws allows foreign investors to have sufficient ownership on manufacturing units in Vietnam, where has advantages with lower input costs and labour costs compared to neighboring countries. Currently, foreigners are being positive in commercial property market, with investment capital from Japan, Singapore, South Korea and Hong Kong being the most positive ones.