Sunday, October 19, 2008

More new housing planned for urban areas

Foreign Direct Investment (FDI) in the field of real estate stands at approximately 28.5 billion USD over the past nine months, accounting for 50 percent of the country’s total FDI.

More than 1,500 housing and urban area projects are currently being launched nationwide and more than 37 million sq.m of housing in urban areas are built every year, said Nguyen Manh Ha, director of the housing management department.

In addition, a lot of urban areas with modern infrastructure and good living conditions and high-rise buildings have been built, he added.

Vietnam Real Estate News

Chao Vietnam Properties