Expose many real estate M & A deals in late 2018
In the third quarter, HCMC real estate market witnessed a series of real estate M & A deals from corporations from Korea, Thailand and Hong Kong. To increase the potential, some domestic players also participate in this playground.
Foreign investors pour capital into real estate
In the third quarter, Frasers Property of Charoen Sirivadhanabhakdi – Thai billionaire, has announced the acquisition of shares of Phu An Dien Real Estate Company (PAD). This is a member company of Tran Thai Real Estate Company.
Estimated value of this acquisition is about $ 47.3 million, equivalent to 799 billion. After acquisition, Frasers Property holds 75% of charter capital. It is known that the project that PAD is developing is located in Linh Trung Ward, Thu Duc District, Ho Chi Minh City.
The transaction is not the first milestone M & A of Thai billionaires in Vietnam. Not long ago, Frasers Property bought a Tran Thai project in District 2 for $ 18 million. After the deal, the company has three real estate projects in Ho Chi Minh City through the acquisition. In general, these projects are located in the East of the city.
Another foreign shark, CapitaLand, has also acquired its 86 million shares (equivalent to 100% of charter capital) of BCLand (BCLand). The value of this deal is about 1,380 billion.
Analysis of successful CBRE housing transactions: in the first nine months of 2018, the number of visitors from China, Japan and Hong Kong accounted for 31%, 19% and 10%, respectively.
Thanks to these transactions, CapitaLand owns a housing project in Binh Trung Dong Ward, District 2, Ho Chi Minh City. This project has a total area of over 6ha, scale of 100 houses attached to land, the completion time is expected in 2021.
In South East Asia, Vietnam is considered as the third largest market of CapitaLand, the first two are Singapore and Malaysia. In addition to the development of real estate projects in Saigon, the brand also acquired the 0.9 ha project in Tay Ho district, Hanoi through M & A. It is known that this project is an integrated development zone.
Currently, CapitaLand’s portfolio in Vietnam has reached $ 1.1 billion. The products include nearly 8,000 houses, two retail centers and more than 4,800 serviced apartments, covering all 7 provinces: Ho Chi Minh City, Hanoi, Hai Phong, Ha Long, Da Nang, Binh Duong and Nha Trang. .
In terms of development cooperation, there are two Japanese investors, Nishi Nippon Railroad and TBS Group. These two investors have joined hands with Nam Long Investment Corporation to implement many large urban areas in Ho Chi Minh City such as Fuji Residence, Kikyo Residence, Mizuki Park, Akira City.
Most recently, the two investors together with Nam Long developed the fifth project, which is Waterpoint urban area (phase 1) with 45% stake. It is known that this project has a total investment of about 6,900 billion VND, which is planned to ensure the long-term development of Nam Long in the next 5-10 years.
According to Trang Bui, Director of JLL Vietnam, when investing in the real estate market of Vietnam, foreign investors are very excited. All segments of the market, from office, retail to apartment, attract foreign capital.
Many experts also said that M & A real estate is the fastest way for foreign investors to penetrate the Vietnamese market in the context of land fund development projects on a limited.
Domestic enterprises to buy shares to increase the position
In the third quarter, Vinhomes JSC bought 32.2 million shares of GS Chi Development Corporation. With its ownership up to 98%, Vinhomes becomes the parent company and may choose C.T Group as the transfer partner.
Cu Chi is known as the developer of the project of Cu Chi golf course. This project has a total area of about 200 hectares, the initial investment of about $ 42.6 million. Cu Chi golf course has been approved with the land use structure including golf course and supporting infrastructure (140 – 150 ha). There are also 43 to 47 hectares of land and trees; 8 – 10 hectares of villa land for rent.
In addition to Vinhomes, there are other domestic companies also carry out transactions of shares. For example, Dat Xanh Group JSC has acquired all shares of Ha An Real Estate Investment JSC.
Saigon Thuong Tin Real Estate Joint Stock Company bought 70% of Hai Phong Plaza Trading Joint Stock Company worth VND126 billion. In addition, the company spent VND251 billion to buy all the capital of Hoa Dong Construction and Services.