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Qฤrah Read todays article in Vietnam’s paper ‘VNExpress’: “Real Estate & Investment Visionary returns to Vietnam”

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Real Estate & Investment Visionary returns to Vietnam

World famous Real Estate & Investment Visionary Thomas Kramer 56,  is planning a return to Vietnam to seek investment opportunities.

According to New Celebrity Worth , his fortune is estimated at around $ 90 million USD.

Born in Hessen (Germany,) Kramer revealed business skills at an early age. When he was 14, he began to invest his money in stock options and futures with the guidance and advise of his father, a successful stock trader.

I want to build hotel complexes – high-rise apartment and sustainable green in Vietnam

After completing his schooling, TK studied at the Johann von Goethe University in Frankfurt and later at the Harvard University in Boston..

Following his fatherโ€™s example of success as a stock trader and with his help, at the age of 18, TK moved from Boston to New York and traded on stock exchanges across the world! In 1987, TK predicted one of the biggest stock market crashes of all time months before it actually happened and, thanks to his astute financial strategy, became one of the super-rich and famous overnight.

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In the early ’90s, Kramer became interested in the real estate market. Initially, he turned to the newly opened real estate market in former East Germany, perceiving an attractive entry opportunity. Thomas Kramer’s entry into the Miami real estate market met with mixed opinions. He purchased large portions of South Pointe, the southern tip of South Beach, for $45 million in the early 90s. There were many doubts about his experience and ability to attract investors.

Prior to the spate of development kicked off by Kramer’s high profile investments, South Pointe was known as a high-crime poverty-stricken area. It is now a hot living destination for the wealthy. Condominium units in the upscale high rises sell for millions. There are a number of vocal critics of the developments.

He has built a series of luxury apartments. The high-rise and high density buildings many people had criticized are derided as a “concrete jungle.” However, they also acknowledged South Pointe has become more user-friendly and safe. Previously, this area was famous poverty and crime. South Pointe also now been a regular elite.

Thomas Kramer, a U.S. real estate mogul, has signed an agreement with the Pakistan real estate tycoon, Malik Riaz to build first ever Island City in Karachi, Pakistan named Bundal & Buddo Islands. The deal is worth U.S. $20 billion and the project is expected to complete in a span of 5 to 10 years. While signing the deal, Thomas Kramer mentioned that he has full confidence in the economy of Pakistan and this project will also leverage the interest of other international investors in the realty sector of Pakistan.

Kramer has become known as a philanthropist in recent years. The Thomas Kramer Foundation is his main charitable vehicle. He also regularly rents out his Star Island mansion for charity events.

Thomas Kramer has been to Vietnam in September last year. He plans to come back in 6 days and visit Ho Chi Minh City, Hue, Da Nang – Hoi An, Halong Bay, Hanoi. Kramer will visit the famous places of the region, and entrepreneurs to meet Vietnam to share the investment plans and to exchange experiences.

Referring to the joint venture in Vietnam, he said, are looking for the owner may transfer the certificate of cleared land (land not in dispute) to invest. At the same time, he also wanted to get the support of a network of financial and political well to ensure success for the project.

“I want to build hotel complexes – high-rise apartment and sustainable green in Vietnam,” he said.

by Thuy Linh

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