#Property developers should take a #long term view on #Vietnam
Though Vietnam’s property market ended with a negative note end of 2011, Linson Lim, President of Keppel Land Vietnam said in an interview with Vietweek (source: Thanhniennews.com) that he is confident the market will recover in the second half of 2012. While developers and homebuyers are blaming on the global downturn and tightening measures, Linson was taking a long term perspective on the country’s property market.
Keppel Land Vietnam has been in the country for more than 20 years and Linson is optimistic to see themselves growing with the country. He is not in the haste to make comparison with other regional markets such as China and Singapore as he sees each country are in different stages of development. He emphasised on the importance to take long term views on the property markets of some countries such as Indonesia, Vietnam, India, Singapore and China as they will not be giving the same return or better return as compare to investing in other market.
This is especially true when there is great volatility in the property market today.