$3.5 billion urban project looks to get back on track in HCMC
Malaysian-backed firm Berjaya Vietnam International University Town LLC is planning to revive its $3.5 billion township project in Ho Chi Minh City’s Hoc Mon district.
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Frasers Property recorded a revenue of S$9 million ($6.79 million) from Vietnam operations in October 2022-March 2023 for the first half of the fiscal year 2023, down 82% year-on-year.
According to Luc, from now until 2030, Vietnam will require approximately $110.7 billion per year in medium and long-term capital in addition to bank credit capital.
The property markets in Vietnam and other Southeast Asian countries are poised to rebound in 2023 and perform strongly in the decade ahead, according to Cushman & Wakefield’s latest study.
Malaysian-backed firm Berjaya Vietnam International University Town LLC is planning to revive its $3.5 billion township project in Ho Chi Minh City’s Hoc Mon district.
Vietnam’s industrial real estate sector is likely to face challenges when new supplies fall due to due to delayed approval processes, said leading Vietnamese broker VNDirect Securities.
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