While property developers from Japan, Korea and other countries are holding off on investments in Vietnam, Singaporean developers are stepping up their involvement in this country.Singapore real estate investors are very active in Vietnam Singapore-based Keppel Land International Limited last week announced it had signed a joint-venture agreement with Tien Phuoc Company to develop an 11 hectare waterfront residential site for 175 villas along the Saigon river in Ho Chi Minh City.
Another Singaporean property developer, Sembcorp Parks Holdings, last week also broke ground at a 1,600ha integrated township in the northern city of Haiphong through the Vietnam Singapore Industrial Park and Township Development Joint Stock Company (VSIP), a joint venture with Becamex IDC Corporation. Full Story
