Japanese property companies continue to flock to Vietnam

November 03, 2016 | 13:39

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The HCM City-based Nha Mo (Dream Home) Corporation has announced it recently signed a comprehensive cooperation contract with The Global Group, a Japanese real estate developer.

japanese property companies continue to flock to vietnam hinh 0

Under the contract, with an initial investment of US$50 million, the Japanese group will apply Japanese experience and technologies in the project implementation as well as transfer Japanese-standardised management and operation processes to the Vietnamese side.

The Dream Home Palace project in District 8, Ho Chi Minh City will be the first joint project between the two sides. It will offer more than 900 apartments with a price of only VND888 million (US$39,900) each.

Meanwhile, the Hoa Binh House Joint Stock Company has also partnered with two Japanese partners, Okamura Home and Sanyo Homes, to set up the Okamura Sanyo Properties Joint Stock Company specialising in real estate management in Vietnam.

Okamura Sanyo Properties is expected to become one of the factors leading the real estate management market in the Southeast Asian nation.

At the launch ceremony, the company announced the management of the Singapore-standard hi-end apartment project, The Ascent – Thao Dien Condominiums, in Ho Chi Minh City’s District 2.

VNS

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