Savills Vietnam Held Vietnam Real Estate Investment Seminar In Tokyo, Japan

VNRE – Today, Savills Vietnam cooperated with Savills Japan to hold a seminar at Tokyo American Club, Tokyo to promote Vietnam real estate, attracting nearly 100 potential Japan based investors who are interested in Vietnam.

At the beginning of the seminar, Mr Naito, Associate Director, Research & Consultancy, Savills Japan, said: “With impressive growth rate and talented young labor, Vietnam is significantly increasing its economy capability. Also, Vietnam has been chosen as the new investment destination, switching from China by global producers. Therefore, Vietnam is likely to be a leading country in Asia in attracting investment”.

In the seminar, Neil MacGregor, Deputy Managing Director of Savills Vietnam presented over 20 specific real estate investment opportunities as well as providing an overview of the Vietnamese economy and the property market. Neil also highlighted the increasing interest in Vietnam from Japanese investors and the co-operation between the two countries.

Neil commented: “Despite the global financial crisis, Vietnam has been ranked one of the top investment destinations in the region. Vietnam has recently been voted the top investment destination for Singapore investors in the ASEAN region, ahead of Malaysia and India. Earlier this year, Vietnam was ranked the fourth most preferred emerging market for investments by the Association for Foreign Investors in Real Estate (AFIRE). Being an emerging market with favourable demographics, low labour costs and a strategic location in the region, Vietnam still has much to offer”.

He also said: “The year 2011 is seeing a wave of investment from Japan into Vietnam in many sectors including finance, communications, consumer goods, and real estate. According to the Japan External Trade Organization (JETRO), total Japanese direct investment in Vietnam for the first half of this year reached US$1.169 billion, 8.3 times higher than the same period last year. Some of the major deals which have taken place this year include Mizuho buying a 15% stake from Vietnam’s largest listed bank by market value, Vietcombank, for US$567.3 million; The Sojitz Group, Daiwa House and Kobelco Eco-Solutions Company under the Kobe Steel Group constructing the Long Duc Industrial Zone in Long Thanh, Dong Nai Province at an estimated cost of US$100 million; Japan Asia Vietnam acquiring Centre Point Office Building in Ho Chi Minh City; Nikko Cordial Securities investing in PetroVietnam Securities, Unicharm acquiring Diana, etc..”

The Vietnamese real estate market is critically short of capital and developers are therefore seeking new sources of finance. These include an outright sale of the project to a third party, seeking a joint venture partner, en bloc sales of residential units, or strata sales of retail and office space, etc. Many Vietnamese developers holding large land banks are now willing to sell development land to third parties in order to raise capital to finance the construction of other projects. The financial pressure on local developers has resulted in many distressed assets in Vietnam, which on the other hand creates an unprecedented period of opportunity for foreign investors.

Although facing a number of challenges such as an immature legal framework, low market transparency, complicated licensing procedures and differences in price expectations; it is believed that the next few years will see a rising number of investment deals happening.

At the seminar, the presenter also mentioned that Savills Vietnam is a well-known international real estate service provider with more than 15-years experience in Vietnam. Particularly, in the field of real estate investment consultancy and M&A, Savills have a strong dedicated team of experts with in-depth experience and relationships with investors and developers, including domestic, regional and global players. In 2010, Savills Vietnam successfully brokered a number of real estate deals, with total transaction value exceeding US$100 million. Operating as the one-stop exchange for real estate investors and developers for deal sourcing, Savills Vietnam is in the best position to direct capital flows to where they are needed most.

For media enquiry, please contact:
Nguyen Pham Khanh Van
Corporate PR & Marketing Manager
Savills Vietnam
E: Nvan@savills.com.vn

For Investment opportunity, please contact:
Neil MacGregor MRICS BLE (Hons)
Deputy Managing Director of Savills Vietnam
E: Nmacgregor@savills.com.vn

Su Ngoc Khuong (Mr.)
Associate Director – Investment – HCMC
E: Sngockhuong@savills.com.vn

Dao Manh Hung (Mr.)
Head of Investment – Hanoi
E: Dmanhhung@savills.com.vn

Vietnam Real Estate Market – Time of Opportunity

VNRE – Savills Vietnam together with Savills Japan will organize a seminar about Vietnam real estate investment opportunities on 25th November 2011 at Tokyo American Club.

The delegation from Savills Vietnam is led by Neil MacGregor – Deputy Managing Director. Neil has 10 years experience in the Vietnam Real estate market and he has completed some of the largest investment transactions in Vietnam, including the sale of Pacific Place in Hanoi in 2010 with a transaction value of around US$90 million. Neil has worked with a wide range of Japanese clients in the Vietnamese market, over the last 10 years, and is looking forward to providing a useful conduit for further Japanese investor interest in Vietnam.

Regardless of domestic developers’ difficulties in sourcing funds, foreign investors, especially Asian investors, have continued to see the potential opportunities in Vietnam’s real estate market. Vietnam stands out from the region as a stable investment environment at a time of considerable turmoil in other markets.

Being an emerging market with favourable demographics, vast skilled labour resources and a strategic location in the region, Vietnam still has much to offer. In recent years a number of foreign investors have been actively acquiring real estate assets in Vietnam. Investors have seen opportunities in office buildings, retail developments, mixed use development, the rapidly growing residential sector, as well as the hospitality sector including city centre hotels and coastal resorts. With the tide of manufacturing interest in Vietnam set to grow as the global economy seeks growth, and Asian demand reaches new heights, the Vietnamese industrial real estate sector is also set to be more attractive than in the past.  The rapidly growing retail sector and rapid growth in consumer spending is going to set new challenges for distribution in Vietnam, whilst offering huge opportunities for investors active in the logistics sector.

Together with Savills Japan, Savills Vietnam will organize the seminar on 25th November 2011 at the Tokyo American Club, utilizing the strength of the Savills network in the Asia Pacific region. Savills’ highly respected investment team, with their deep pool of knowledge and experience in this complex market, will provide an overview of Vietnam’s macro-economics; an overview of the Vietnam real estate market; provide insight into how to invest into Vietnam: investment guidelines, opportunities and challenges, investment outlook; as well as introduce a range of specific investment opportunities available to investors & developers.  The seminar will aim to provide participants with a comprehensive insight into Vietnam’s economic and investment opportunities, especially in the real estate industry.

In the field of real estate investment consultancy and M&A, Savills have a strong dedicated team of experts with in-depth experience and relationships with investors and developers, including domestic, regional and global players. In 2010, Savills Vietnam successfully brokered a number of real estate deals, with total transaction value exceeding US$100 million. Operating as the one-stop exchange for real estate investors and developers for deal sourcing, Savills Vietnam is in the best position to direct capital flows to where they are needed most. As the leading real estate service provider with more than 15-years experience in the Vietnam market, Savills Vietnam is proud to organize this seminar to create a conduit for attracting more opportunities for investment from overseas and to further develop the potential of Vietnam.

If you are interested in joining the event, please contact:

Nguyen Pham Khanh Van (Ms.)

Corporate Marketing & PR Manager of Savills Vietnam

T: +84 903 658546 – nvan@savills.com.vn 

Mai Kosaka

Marketing Associate

T: +81 3 5562 1700 – mkosaka@savills.co.jp

For Investment opportunity, please contact:

Neil MacGregor MRICS BLE (Hons)

Deputy Managing Director of Savills Vietnam

Nmacgregor@savills.com.vn