{"id":26492,"date":"2016-09-19T11:38:01","date_gmt":"2016-09-19T04:38:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-contractor-to-pour-usd1-billion-in-vietnam-property\/"},"modified":"2016-09-19T11:39:40","modified_gmt":"2016-09-19T04:39:40","slug":"japanese-contractor-to-pour-usd1-billion-in-vietnam-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-contractor-to-pour-usd1-billion-in-vietnam-property\/","title":{"rendered":"Japanese contractor to pour USD1 billion in Vietnam property"},"content":{"rendered":"


\nKajima is ready to take on a developer\u2019s mantle
\nDanang, Vietnam\u2019s third largest city. Galina Savina\/Shutterstock
\nVietnam\u2019s property market continues to ensnare Japanese firms. The latest: Tokyo-based contractor Kajima, which will be establishing a joint venture with Hanoi-based developer Indochina Capital in October for real estate development opportunities in the country.
\nThe resulting venture, ICC-Kajima, will plough USD1 billion into Vietnam over 10 years, with 50 potential projects in the pipeline, including serviced apartments, hotels, and office buildings. Each project will have an outlay of JPY2 billion (USD19.5 million) to JPY10 billion (USD97.7 million) \u2014 four are reportedly set to be launched within 15 months, with a capital totalling USD100 million.
\nMore: Vietnam\u2019s real estate dragon ascends
\nAlthough this marks Kajima\u2019s first foray into Vietnam real estate development, the Tokyo-based company was contracted for a hotel project in the country in 1994, the Nikkei Asian Review noted. In addition, the firm already develops property in four countries in Southeast Asia.
\nKajima will direct efforts to residential projects in Hanoi, Danang, and Ho Chi Minh City, where it established Kajima Vietnam in April. The company has also acquired a 13-floor mixed-use facility in Danang.
\nSeveral Japanese firms have been involved in various developments around Vietnam in the past year, including Creed Group, Tokyu, Hankyu Realty, Nishi-Nippon Railroad, and Sanyo Homes.
\nRead next: With USD2.32 billion in FDI, Vietnam real estate paints a rosy picture
\n
\nSource : property-report.com
\nRead more…Japanese contractor to pour USD1 billion in Vietnam property<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kajima is ready to take on a developer\u2019s mantle Danang, Vietnam\u2019s third largest city. Galina...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26492","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6Ti","jetpack-related-posts":[{"id":21955,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-is-the-second-most-attractive-sector-for-vietnam-fdi\/","url_meta":{"origin":26492,"position":0},"title":"Property is the second most attractive sector for Vietnam FDI","date":"August 4, 2016","format":false,"excerpt":"\r A \u2018Singaporean phenomenon\u2019 is driving massive FDI into Vietnam now Looking to the future in Ho Chi Minh City. 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The Woodleigh Residences, a premium integrated development project by Japanese real estate developer Kajima Development and Singapore Press Holdings (SPH), will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exciting-growth-for-the-vietnam-property-market\/","url_meta":{"origin":26492,"position":2},"title":"Exciting growth for the Vietnam property market","date":"July 1, 2016","format":false,"excerpt":"\r All signs point to a growing year ahead There\u2019s plenty to smile about in Vietnam. Image Credit: Davidlohr Bueso (Flickr) Despite the devastating weather effects of climate change and China\u2019s decelerating economy, Vietnam\u2019s growth in the property sector appears to be unstoppable this year. The Vietnam Real Estate Association\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32707,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-real-estate-made-vietnams-second-billionaire\/","url_meta":{"origin":26492,"position":3},"title":"How real estate made Vietnam\u2019s second billionaire","date":"November 2, 2016","format":false,"excerpt":"\r FLC Group chair strikes gold on Vietnam Stock Exchange Hanoi and Dong Da Lake. Hanoi Photography\/Shutterstock Property tycoon Trinh Van Quyet has achieved dollar billionaire status, only the second person to do so in Vietnam. It was a stock rally that catapulted the FLC Group chairperson to the top\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-usd2-32-billion-in-fdi-vietnamese-real-estate-paints-a-rosy-picture\/","url_meta":{"origin":26492,"position":4},"title":"With USD2.32 billion in FDI, Vietnamese real estate paints a rosy picture","date":"June 9, 2016","format":false,"excerpt":"\r After a few years in the doldrums, Vietnam\u2019s property sector is\u00a0rising phoenix-like out of a deep valley Danang continues to tempt investors due to its high quality of life and fine selection of properties This is Part Two\u00a0of\u00a0Property Report\u2019s three-part series on the rebirth of Vietnam\u2019s property market. Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vietnams-real-estate-dragon-ascends\/","url_meta":{"origin":26492,"position":5},"title":"Vietnam\u2019s real estate dragon ascends","date":"June 8, 2016","format":false,"excerpt":"\r Vietnam\u2019s recent strong macroeconomic performance and foreign direct investments have served to supercharge the country\u2019s thriving property sector even further Major property markets in Vietnam such as the capital Hanoi are coming up smelling of roses in the current market surge This is Part One of\u00a0Property Report\u2019s three-part series\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26492"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=26492"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26492\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=26492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=26492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=26492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}