Article by Mary De Souza and Ying Ying Lee
This article deals with some issues that may be of interest to property developers seeking to invest in the fast growing residential property market in Vietnam.
Introduction
The Landmark was the first large, high-rise apartment building to be completed in the centre of Ho Chi Minh City in 1995. This building, a mixed-use building of offices and apartments, was aimed at the high-budget foreign expatriates and provided a mixture of one, two and three bedroom apartments. Since then, many other serviced apartment buildings have been completed providing similar high standards of accommodation and services and charging relatively high rents. These apartment buildings were developed by foreign developers in joint venture partnership with local land owners and were aimed at the expatriate employees of government consulates or high ranking staff of foreign enterprises in Ho Chi Minh City. There are now about 17 high-end apartment blocks in Ho Chi
