Property

The make-up of Vietnam’s cities and other densely-populated areas has rapidly evolved over the past decade The nation’s march to prosperity continues with ­indicators such as GDP growth of 6.8 per cent, rise in foreign direct investment, strong retail sales, and ­international arrivals all ­increasing at rates above ­regional competitors. By Troy Griffiths Deputy managing director Savills Vietnam After a 10-year interval from 2009, we can see how Vietnam has changed and how this will influence future trends. It is particularly valuable for the population movement and residential demand as housing is often referred to as the ‘engine room’ of a country’s economy because it touches and influences so many industries and so much of the population. Vietnam today has the world’s 15th-highest population with a small land mass resulting in a high population density. This is great for functional and efficient economics as it … [Read more...] about Urbanisation data takes centre stage in Vietnam

Investors are looking for industrial and logistics assets via forming joint-ventures with local industrial property developers or purchasing land and operating real estate, according to Jones LaSalle Vietnam Co. Ltd.  Illustrative image (Photo: VNA) The company further said mergers and acquisitions (M & A) in real estate is a bright spot in the market. The shortage of high-tech assets, modern warehouses and strong demand from businesses are promoting the potential of domestic industrial realty market. It said asset quality, lease price growth, transaction size and remaining time of land use rights are key factors that investors consider. Property experts said foreign investors continue showing interest in the Vietnamese real estate market, proving the strong growth of M & A market. Though M & A activities could slow down in the two remaining quarters, the Government’s existing policies will improve the market’s transparency. Additionally, the … [Read more...] about Real estate M&A attractive to investors

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). A view of Ha Noi. Lack of information on real estate supply was blamed for land fevers and price manipulation practices. - VNA Photo 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

The 5th PropertyGuru Vietnam Property Awards has selected this year’s nominees following a rigorous selection process More than 20 developers from Ho Chi Minh City, Hanoi, Halong Bay, Cam Ranh, and top investment locations made the cut, following the rigorous nominations, judging, and site inspection stages as conducted by an independent panel of experts. All stages were supervised by BDO Vietnam, a part of BDO, one of the world’s largest networks of accounting and auditing firms. Some of the country’s biggest developers are returning to the competition with nominations at this year’s awards programme, including last year’s multiple winners Alpha King, CapitaLand Vietnam, Gamuda Land Vietnam, Kien A Corporation, SonKim Land Corporation, and TNR Holdings. New nominees this year include Gotec Land, GFS Group, Phuc Khang Corporation, and Maxland. With 52 competition categories and special awards, including corporate social responsibility (CSR) and … [Read more...] about PropertyGuru Vietnam Property Awards reveals elite shortlist

A leading Vietnamese real estate investment and development company has come away with an award in The Most Notable Deals in 2018-2019 at the 11th annual Vietnam M&A Forum, for its latest round of fundraising of $121 million. SonKim Land receives its award in the category of the Most Notable M&A Deals in 2018-2019 Announced last week, the renowned title recognises SonKim Land Corporation’s achievement in international capital markets. “We’re very proud to win this award at the Vietnam M&A Forum,” said Nguyen Hoang Tuan, chairman of SonKim Land. “Following the success of two previous deals, SonKim Land and EXS Capital have been continuing efforts to raise funds for our high-end real estate projects.” In July, SonKim Land successfully concluded a fundraising of approximately $121 million from international investors including EXS Capital, ACA Vietnam Real Estate LP, Skymont Capital, and Credit Suisse. This transaction has been … [Read more...] about SonKim Land earns M&A accolade