Q1 foreign investment into real estate surpasses last year’s figure
Foreign investment poured into real estate hit almost 2.7 billion USD in the first quarter of this year, outpacing the figure of the entire 2021, according to the Ministry of Planning and Investment.
The Vietnam - Singapore Industrial Park (VSIP) in Hai Duong province (Photo: VNA)
Hanoi (VNA) –Foreign investment poured into real estate hit almost 2.7 billion USD in thefirst quarter of this year, outpacing the figure of the entire 2021, accordingto the Ministry of Planning and Investment.
Statistics show that foreigninvestment into real estate reached 2.69 billion USD in Q1 alone, higher than the2.63 billion USD last year. It included 1.1 billion USD channeled into existingprojects and 992 million USD spent on contributing capital to or buying sharesfrom domestic firms.
The capital inflow was mainlydriven by industrial real estate.
Notably, Singapore addednearly 941 million USD to a project on developing urban infrastructure and servicesof the Vietnam - Singapore Industrial Park (VSIP) in northern Bac Ninh province,which helped lead to a surge in foreign investment in the property sector.
GLP, an industrial propertygiant of Singapore, also announced the establishment of GLP Vietnam DevelopmentPartners I, a logistics infrastructure development fund worth 1.1 billion USD.
The city state remained thelargest investor in Vietnam in Q1, with registered capital totalling 2.29billion USD, equivalent to 25.7 percent of the total foreign investment./.
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The Vietnam - Singapore Industrial Park (VSIP) in Hai Duong province (Photo: VNA) 
