This was the projection made by analysts at the annual Vietnam Mergers and Acquisition Forum (MAF) this week, the country’s biggest M&A and investment networking event. Nguyen Thi Van Khanh, Investment Director at JLL Vietnam, told VnExpress that investors are switching to M&A in the real estate market since it has become more and more difficult to find real estate projects not affected by procedures related to compensation and resettlement of affected people. Singaporean property developer Keppel Land has announced plans to acquire 60 percent stake in the ownership of three land lots measuring 6.2 hectares (15.3 acres) in Ho Chi Minh City via a $56 million acquisition deal between its subsidiary and Phu Long company. Lottle Land, the property subsidiary of South Korea’s Lotte Group, has joined hands with conglomerate FLC to establish Lotte FLC Joint Stock Company. Khanh’s statement was corroborated by experts at MAF who said issues related to land ownership … [Read more...] about Consumers goods, retail, real estate continue to lead M&A market
Real estate leads nj
The steady state of Vietnam’s 2019 real estate
(VEN) - The supply of some real estate products in Vietnam has decreased, while their inventory is still relatively high, leading to forecasts that the market will not experience any major changes this year. Real estate supply is expected to decline in the coming time Decreasing supply A recent report by the Vietnam Association of Real Estate Brokers (VAREB) shows that the quantity of apartments and villas for sale in Hanoi and Ho Chi Minh City is equal to about 70 percent of that in the fourth quarter of 2018. In Ho Chi Minh City, the number of construction licenses has decreased 16 percent, while 150 real estate projects have been halted for inspection. Chair of the Vietnam Real Estate Association (VNREA) Nguyen Tran Nam said this declining trend is expected to persist. A representative of the Vietnam Association of Realtors (VARs) said the real estate market in the first quarter showed sign of slowing down, especially the housing supply at two major markets of Ho … [Read more...] about The steady state of Vietnam’s 2019 real estate
Real estate at the heart of economy
American investor and CEO of Indochina Capital, Peter Ryder How have you assessed the contribution of the private economic sector, especially foreign direct investment (FDI), to Vietnam’s real estate market? An interesting trend in Vietnam, which I detect, is that the real estate development has long been dominated by the private sector. This is unlike many other industries in which the government still has very large involvement. If you look at the history of real estate development over the past 25 years, we can see that Vietnam has really opened up in the post-doi moi era. In the immediate wake of this, major developers were foreign investors who typically set up joint ventures with domestic authorities. During this time, Indochina Capital began two joint ventures, one with Danang Tourism to develop the Furama Resort, and another with the Vietnam Fatherland Front and Hongkong Land to develop an office building at 63 Ly Thai To in Hanoi. In the last decade, the market … [Read more...] about Real estate at the heart of economy
VIR honours real estate champions
Leading developers were praised last week in categories ranging from smart projects to opulent resorts In order to recognise developer efforts to produce high-quality projects that offer a taste of novelty to Vietnamese customers, VIR last week held a ceremony to honour the 36 real estate projects that gathered the most votes. Along with the ceremony, VIR also hosted a real estate trends seminar with the participation of experts and enterprises leading the real estate market. To map out the newest projects that resonate the most with homebuyers, VIR organised the poll on Vietnam’s leading real estate projects. Between November 20 and December 20, 2018, VIR put the question up for popular vote on its newswires tinnhanhchungkhoan.vn and baodautu.vn to find the top green and smart projects, the most coveted ventures, and the most opulent resorts. VIR’s poll recognises the efforts of Vietnamese real estate … [Read more...] about VIR honours real estate champions
Cleared land in suburbs lead investment trend in HCMC’s real estate market
The Hanoitimes - Land in the city’s suburbs and surrounding provinces like Long An, Dong Nai, Ba Ria-Vung Tau, and Binh Duong are abundant and rather cheap, offering investors various options. Why is Vietnam's real estate a magnet for international investors? (P.2) Why is Vietnam's real estate a magnet for international investors? (P.1) Cleared land in suburban areas would lead the market with high liquidity in the trend investing in real estate in Ho Chi Minh City (HCMC) and adjacent zones this year, local experts have predicted. Part of a property project in Long Thanh district, Dong Nai province. Photo: Donghunggroup Land lots in the city’s suburbs and surrounding provinces like Long An, Dong Nai, Ba Ria-Vung Tau, and Binh Duong are abundant and rather cheap compared to other parts of HCM City, offering investors various options, local media quoted the experts as saying. Room for higher prices in the surrounding provinces remains … [Read more...] about Cleared land in suburbs lead investment trend in HCMC’s real estate market