More and more domestic real estate developers are now seeking foreign partners to develop their projects. The developers can get land for projects allocated, but they are not financially capable enough to develop the projects.
Meanwhile, according to the HCM City Real Estate Association, many foreign investors are eyeing real estate projects in Vietnam. They mostly come from South Korea, Malaysia, Singapore and the Middle East.
However, observers said that except for a small number transactions in which shares were transferred at low prices, the market has not witnessed any successful deals so far.
