US real estate firm opens Vietnam office

Sotheby’s International Realty Affiliates LLC, the US-based luxury real estate network, has opened its first office in Vietnam to service Vietnam, Cambodia and Laos.

Vietnam Sotheby’s International Realty will sell and lease luxury residential properties in Vietnam and around the world.

Michael R. Good, President and CEO of Sotheby’s International Realty said Vietnam was “a very important market” for the company.

The country is “an emerging international tourist destination with rapid urbanization,” Good said in a statement issued on Monday.

The office, located at 6 Thai Van Lung Sreet in Ho Chi Minh City’s District 1, is owned by Indochina Land, a real estate subsidiary of Indochina Capital, according to the press release.

Sotheby’s International Realty and Indochina Land signed an exclusive 25-year licensing agreement for Vietnam in January.

Source: thanhnien