The study, on the impact of WTO entry on the city’s realty market done by the HCMC Institute of Development Studies, said 50 percent of all foreign investment in the city in the last two years has flowed into realty.
Foreign firms invested US$1.5 billion in 24 real estate projects in 2007, accounting for 50 percent of all projects and investment in the sector, and double their cumulative investment between 2000 and 2006.
They rose to US$3 billion in 45 projects last year.
In fact, most major projects and five-star hotels are fully or partly invested by foreign firms.
