US luxury real estate network opens first office in Vietnam

Sotheby’s International Realty Affiliates LLC of the US announced on the opening of Vietnam Sotheby’s International Realty, its first office in the country on December 15.

The office is owned by Indochina Land, real estate subsidiary of Indochina Capital. In January 2008, the Sotheby’s International Realty brand announced the signing of an exclusive 25-year licensing agreement for Vietnam with the company.

“As an emerging international tourist destination with rapid urbanization, Vietnam is a very important market in our global growth plans,” said Michael R. Good, president and chief executive officer, Sotheby’s International Realty Affiliates LLC.

According to Country Manager of the Sotheby's International Realty Vietnam Jill Chodorov, Vietnam is an ideal place to purchase investments and vacation homes, with one of the fastest growing economies in the world.

Established in 1976, the Sotheby’s International Realty network now has more than 500 offices in 38 countries and territories worldwide.

vov

>   Business confidence index in Q4 down 7 points (16/12/2008)

>   Automobile manufacturers entreating government for help (16/12/2008)

>   Taxi firms calling for justice (16/12/2008)

>   Ceiling airfare scheme removed, but airfares remain grounded (16/12/2008)

>   Red tape forces investors to waste money (16/12/2008)

>   HCM City needs $1bil each year for roads (16/12/2008)

>   Top priority given to stimulating production, consumption (16/12/2008)

>   Exports to the Netherlands on the rise (16/12/2008)

>   Seafood exports slacken due to declining global demand (16/12/2008)

>   Real estate developers threatening to sue consultants (16/12/2008)