Hong Kong people are scouring the world for property investments – and one new choice for them is Vietnam. The favoured cities are the capital Hanoi and its economic centre Ho Chi Minh, formerly known as Saigon.
Last weekend Hong Kong real estate firm Ashton Hawks launched its latest offering, Central Residence, an apartment complex in Hanoi being built by Gamuda Land, a Malaysian developer.
Overlooking Yen So Lake, the complex has three 40-storey towers, with a total of 910 units, according to the company website. They range in size from studio to three-bedroom. The cheapest unit costs HK$900,000.
Under Vietnamese law, foreigners may buy up to 30 per cent of the units in a residential building. The rest are reserved for local people.
Hong Kong people consider property in Vietnam EJINSIGHT ejinsight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ejinsight.com Daily Mail and Mail on Sunday newspapers.