Japan steps up investment in vietnamese real estate

Japan is stepping up its investment in the Vietnamese real estate market.

Singapore, South Korea and Taiwan have traditionally been the most active in the country's market, but more Japanese companies are appearing in deals, reports VietnamNet, while CBRE Vietnam, Savills Vietnam and Cushman & Wakefield have all noted a rise in interest.

Creed Group, a developer founded in 1996 in Japan that manages $5 billion of assets worldwide, is now committed to spend VND600 billion in projects in Vietnam through convertible bonds issued by Nam Bay Bay. Creed will invest in City Gate Towers as well as two other developments: NBB Garden III in district 8 and NBB Garden II in Binh Chanh.