The Hanoitimes - Quality of assets, rental growth, deal size, and land tenure are decisive for investment choices. Three investment strategies in Vietnam industrial real estate sector What makes Vietnam’s industrial real estate most attractive in 2019? Vietnam real estate market most attractive in Southeast Asia: Japan investors How does Trump-Kim summit affect Vietnam’s real estate market? Vietnam’s strong economic growth in the first six months of 2019 has fueled the real estate sector through a series of merger and acquisition (M&A) deals. Many M&As in Vietnam real estate sector in H1/2019 The good sight results from good macroeconomic fundamentals in the first half (H1) namely GDP growth rate of 6.8%, inflation stable at 3% against the same period last year, pledged foreign direct investment (FDI) at US$18.47 billion, and record import-export turnover at US$245 billion. In addition, strong sentiment from the … [Read more...] about What are the highlights of real estate M&As in Vietnam in H1?
Asmr its free real estate
A view of Ha Noi. Lack of information on real estate supply was blamed for land fevers and price manipulation practices. — VNA Photo An official channel that will provide Viet Nam’s real estate businesses with information such as the number of licensed projects and projects awaiting licenses in a given area is being developed by the Department of Properties and Real Estate Management under the Ministry of Construction and the Vietnam National Real Estate Association (VNREA). Official sources said a pilot programme is underway to collect data from six chosen cities across the country, namely Ha Noi, HCM City, Da Nang, Hai Phong, Khanh Hoa and Can Tho. While the number may be few, the cities account for 80-90 per cent of the country’s total real estate transactions. The channel was created to address one of the glaring shortcomings of the real estate market to date – the lack of reliable and accurate information on real estate supply. While there are existing … [Read more...] about Official channel to feed real estate market with supply info
Total registered FDI in Vietnam’s real estate sector in the first half of 2019 stood at $1.32 billion, a fall of 76 per cent compared to the same period of 2018, which stood at $5.54 billion, according to the latest report from real estate consultants JLL. This is largely due to the substantial amount of capital for real estate in the first half of 2018, primarily in two projects: Smart City in Hanoi, with total investment of $4.1 billion from the Sumitomo Corporation, and additional capital of $1.1 billion in the Laguna project in central Thua Thien Hue province from a Singaporean investor. Though lower than in the first half of last year, registered FDI into real estate in the first half of this year was still higher than in the first halves of 2016 and 2017, when it stood at some $600 million and $700 million, respectively. “We expect foreign investors to continue showing a keen interest in and strong commitment to Vietnam’s real estate market, and that the … [Read more...] about JLL: Real estate FDI in 1H down but potential remains
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
HAGL has restructured the real estate business and has pulled out of Vietnam's property market. Photo acquired by VnExpress HAGL Group said in its recent 2018 financial report that it plans to divest from HAGL Myanmar, its largest real estate project. The company now lists real estate as part of its "other activities," and it was not even mentioned in chairman Doan Nguyen Duc’s letter to shareholders. Last year HAGL Group's revenues from real estate were only 1.1 percent at VND58 billion ($2.5 million). In contrast, in 2008-12, when property was its main business, it earned VND3 trillion ($129 million) a year mostly from projects in Ho Chi Minh City. But the company began to diversify in the following years. In 2013 revenues from real estate plummeted to below VND250 billion ($10.7 million) from VND2.8 trillion ($120.7 million) the year before. In 2014 the company said in a letter to shareholders: "HAGL has restructured the real estate business and has pulled out of … [Read more...] about Former property giant could soon say goodbye to real estate