Sunday, June 1, 2008

Silicon Valley investors join in Vietnam's real estate

A half a world away from Silicon Valley's anemic real estate market, agent Cindy Nguyen has little time for sleep while she sniffs out deals in one of the world's hottest property markets.

Last year, the president of San Jose's Lakami Professional Realty returned to Vietnam for the first time in 23 years. She was stunned by what she saw: instant wealth being created by land prices that have tripled, even quadrupled, in recent years.

"I saw the opportunity," said Nguyen, who now commutes regularly between the valley and Vietnam. "I saw the cha-ching, cha-ching. Your return on investment is at least 200 percent in one year."

Vietnam Real Estate News

Chao Vietnam Properties