Friday, February 20, 2009

Malaysian property firm looks to Vietnam property market

As domestic real estate markets have slowed, the big Asian real estate developers are looking abroad, within Asia, for new development opportunities.

Malaysian-based developer Sova Holdings Sdn. Bhd. recently announced their plans to enter the Vietnam market with their first development in Nhon Trach District in Dong Nai province in the South.

The developer has joined with local land owner Thai Duong Company (Sunco) and will break ground on the Nhon Trach City Center (NTCC) project in April this year.

Vietnam Real Estate News

Chao Vietnam Properties