News – Page 9 – Officehcm

Real Estate M&A keeps on growing in Vietnam

According to Savills Vietnam Ltd, Co, the number of mergers and acquisitions (M&A) in Vietnam’s real estate market will continue growing this year and beyond. In this report, M&A’s by foreign investors continued strong development, especially from Japan, Hong Kong, South Korea and Singapore.

M&A in Vietnam’s real estate market

For instance, a Japanese investor bought 70 per cent of shares of A&B office building in Ho Chi Minh City, and Creed Group co-operated with two domestic investors, Phat Dat and An Gia, to develop commercial apartment projects. Meanwhile, Singaporean investors stepped up their investment into the local property market. Keppel Land joined the Empire City project and CapitalLand increased its shares at The Vista project. Mapletree bought Kumho Asiana Plaza in District 1, Ho Chi Minh City.

Strong development of M&A on the market showed high confidence of investors and a new sustainable development cycle in local property market. With many projects of high potential, M&A would continue to be a popular model for investors to join the local market and implement their goals in development of business on local property market. On the other hand, M&A’s would continue to be essential when the market develops further and investors would have to prove their skills, experience and class to achieve cooperation opportunities and join deals with large value and potential.

According to a research by Savills Vietnam, since 2014 the market has witnessed the strategic steps of investors, including mergers and acquisitions and development cooperation. For instance, Gaw Capital acquired commercial property from Indochina Land with high value, while Gamuda Land bought shares of domestic investors at Celadon City project in HCM City. M&A activities have taken place in various segments, such as a joint development venture of a resort project in Hội An with a total investment at US$4 billion between Chau Tai Phuc Group and Suncity or Lotte’s acquisition on Diamond Plaza (District 1). Besides, the domestic investors also played an important role in M&A and development cooperation. Van Thinh Phat, VinGroup, Novaland and Sun Group became strategic investors when they have acquired potential projects or land to develop property products.

Source: VNS

April 26, 2017 / by admin / in News

Property in Quarter 2 becomes extremely dynamic

At a conference on Friday, Mister Nguyen Manh Ha, the association’s deputy president, said the realty market would be bolstered by the stable macro-economic situation, rising number of tourist arrivals to Vietnam and foreign direct investment into the property sector.

The property market in quarter 2 of 2017

The statistics show that Vietnam had received more than 3.2 million foreign tourists in the first quarter of this year, up by 29 per cent over the same period last year. FDI inflow jumped by more than 91 per cent to a total of $334 million in the January-March period. He said the slowdown in transactions in Quarter 1 was because of the nation’s biggest holiday, which fell in late January.

However, the market started to get busier from March with more transactions and property developers gearing up for sale launches in the coming quarters. The property projects in District 2 (such as Masteri Thao Dien, Lexington, Imperia, etc.) will be benefited from infrastructure development, such as those along rapid bus BRT and Metro Lines, which had good liquidity. Several developers were expected to develop and release a huge supply of affordable homes, which would contribute to improving transactions and market liquidity, according to the Vietnam Association of Property Brokers.

Regarding tourism property, the association anticipated strong development, driven by the dynamism of foreign developers as well as the rising middle-income class in the country. The property sector ranked the sixth most discussed topic on social networks in the first quarter of this year, based on a survey by SocialBeat, according to the association.

Apartments and resort property were the two most discussed segments, with 33 per cent and 24 per cent share, respectively. Affordable housing segment attracted significant market attention, especially information about the location of a project, planning, facilities and sale policies.

Source: VNS

April 25, 2017 / by admin / in News

The shortage of a million homes in Saigon

According to a real estate expert, Ho Chi Minh City is likely to need 1 million more affordable homes over the next 10 years. The chairman of Ho Chi Minh City’s Real Estate Association, Mr.Le Hoang Chau, said that “Saigon’s shortage of affordable homes, social housing and low-cost rentals is expected to continue over the next 10 years when demand could grow to one million homes”. This shortage is not expected to subside in the near term with the World Bank forecasting the city’s population could reach 10 million by 2020 from 8.4 million currently.

Demands of homes in Ho Chi Minh City

Without citing statistics on the number of homes built annually, Mr.Chau emphasized the need for low-to-middle income properties based on the population growth rate. About 500,000 families are currently unable to afford their own homes, and many currently share with parents or relatives. Meanwhile, 81,000 families will need cheap houses over the next four years, the local media cited a survey by the city’s construction department and Institute for Development Studies as saying. Migrants from other provinces who move to the city for work are the main contributors to Ho Chi Minh City’s population growth. The southern commercial hub is now home to 3 million migrants.

According to some estimates, up to 70.6 percent of the 402,000 workers in the industrial parks and export processing zones on the outskirts of Ho Chi Minh City are in need of affordable housing. The city is also faced with a serious shortage of affordable rental housing ranging from VND1 million ($44) to VND3 million ($132) per month.

Source: VNexpress

April 24, 2017 / by admin / in News

Ho Chi Minh City Real Estate ranked in Top 5 of Asia-Pacific

According to a new report, Ho Chi Minh City is in the top 5 of the Asia-Pacific region for real estate investment and development prospects, with annual returns expected to be up to 25 percent. Emerging Trends in Real Estate Asia Pacific 2016, jointly published by the Urban Land Institute and consulting firm PwC, has ranked the city fifth for investment and fourth for development. Tokyo is at the top, followed by Sydney and Melbourne. Osaka and Ho Chi Minh City are neck and neck.

Ho Chi Minh City is in top real estate market

The Vietnamese city has emerged as one of the most promising markets in the region over the past two years, jumping from the 19th place in 2014 to one of the top five this year. Foreign investors, mainly from Japan, South Korea and Singapore, are interested in the city’s property market on expectations of an annual return of between 20 and 25 percent.

The report also attributes the city’s rise as an attractive destination to the government’s efforts to stabilize the local currency, control inflation, ease property lending and improve market access for foreigners. Global investors prefer entering Vietnam’s real estate market through mergers and acquisitions. They are laying eyes on a wide range of projects, from beach resorts, serviced apartments and residential buildings to hotels, mostly in the three major cities Hanoi, Ho Chi Minh City and Da Nang.

For instance, Singapore-based investment fund Frasers Centrepoint Limited has acquired a 70 percent stake in a luxury residential apartment project from a local real estate developer. The $100-million project, namely G Home, covers a one-hectare area in downtown Ho Chi Minh City.

Source: VNexpress

April 21, 2017 / by admin / in News

15,000ha ‘New City’ in Cu Chi has been developed

It is a new real estate project in Ho Chi Minh City. All the information was mentioned by the Ho Chi Minh City Real Estate Association (HoREA) in its report submitted to the municipal Party Committee in late February. The developer of the project in the outlying district of Cu Chi is Tuan Chau Corporation, a conglomerate based in the northern tourist city of Ha Long.

The “New City” Cu Chi

High-ranking officials in the southern metropolis have said they back the idea to implement this grand project, pending formal approval. The project, named ‘New City,’ is expected to cover an area of 15,000 hectares, about 15 times the combined area of Phu My Hung New Urban Area in District 7 and Thu Thiem New Urban Area in District 2.

The mega-zone will become the new center of Ho Chi Minh City with the ability to adapt to climate change and tidal water, the developer was quoted as claiming. It will also be home to a series of affordable housing projects and sufficient convenient services, providing local residents with abundant job opportunities and standard lifestyles.

The conglomerate has also proposed constructing a new avenue running along the Saigon River bank that will connect Cu Chi District and District 1. With the total length of 59 kilometers, vehicles will be allowed to travel at an estimated velocity of 100km per hour. The distance between the two destinations will be shortened to a 30-minute ride, compared to the nearly one hour and a half journey at present.

Source: Tuoitrenews

April 21, 2017 / by admin / in News

Hanoi and Ho Chi Minh City are in top global office yield index

According to the World Office Yield Spectrum Report compiled by Savills and Australia’s Deakin University, Hanoi and Ho Chi Minh City have topped the latest table of office yields.

Top global office yield in Asia

Among the 54 cities analyzed across Asia, Europe, the U.S. and Australia, Hanoi had the highest office yield with 8.75 percent, followed by Ho Chi Minh City at 8.5 percent. On the other hand, Taipei brought up the rear with the tightest yield of just under 2 percent, while Hong Kong stood at 2.5 percent.

These figures reflect the growing confidence and demand for commercial property in Hanoi and Ho Chi Minh City, Matthew Powell, director at Savills Hanoi. However, he noted that leasing areas in both cities are relatively small in a global context, and commercial transactions, especially those involving international investors, are similarly insignificant.

Looking forward, analysts expect strong demand from leasers in both Ho Chi Minh and Hanoi, along with investor demand for commercial property. Globally, office yields continue to firm as investors seek safe havens for their funds amidst ongoing economic and political uncertainties, and with those factors likely to prevail in the short to medium term, the office investment market, particularly in gateway cities, look certain to continue to prosper.

Source: VNexpress

April 20, 2017 / by admin / in News

The paradise life in Masteri condominium

TIRED OF FINDING AN APARTMENT?

Are you stuck by finding a favorite apartment to settle down and enjoy your life?

Let’s think through Masteri Thao Dien as one potential option.

Best ideal apartment

With 42 floors designed modern and environmental friendly, Masteri Condo was honored in top 10 of the best real estate projects in Vietnam by Vietnam Investment Review. It has a favorable position in District 2 of Ho Chi Minh City, where many foreigners love to living and working.

Luxurious Living Space

Masteri Thao Dien offers luxury apartments and penthouse at roof level. Especially, this apartment is harmonious with its surrounding landscapes to create an open space with green areas and natural sunlight. All of units are fully furnished with the high-end furniture and modern amenities. You can also use many facilities such as swimming pool, BBQ area, garden, children’s playground, etc.

Enjoy the life

After a hard working day, do you want to relax? Masteri Condo offers you an amazing panoramas of the city and Saigon River. To enjoy the whole space with fresh air and green nature, just choose it.

Hellovietnamese.com

April 18, 2017 / by admin / in News

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