A report released at the M&A Vietnam 2019 Forum showed that M&A deals made in the first seven months of 2019 had value of $5.43 billion. Consumer goods and real estate were the two most active fields. According to JLL, the year began with Keppel land’s M&A deal, worth VND2.313 trillion, or$100.57 million, in which it sold 70 percent of shares in Dong Nai Waterfront to Nam Long Group. Keppel Land and Nam Long will join forces to develop a 170 hectare residential quarter in Long Hung commune of Bien Hoa City. Unprofitable real estate projects, and projects which have transaction prices lower than the market prices and do not go through bidding, now have to undergo state agencies’ strict examination. … [Read more...] about Vietnam witnessing new M&A wave in real estate market
Evergrande real estate group
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?
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
The latest M&A deal was made by Keppel Land from Singapore, which entered into a conditional share purchase agreement with domestic developer Phu Long Real Estate Corporation to acquire 60 per cent interest in three land parcels, spanning 6.2 hectares in Nha Be district of Ho Chi Minh City for a total of VND1.304 billion ($56.7 million). According to Keppel Land, partners plan to develop a total of 2,400 premium apartments with ancillary shophouses which will offer more than 14,600 square metres of commercial space to the market. Linson Lim, president of Keppel Land in Vietnam, said that this acquisition will add a remarkable number of houses to Keppel Land’s pipeline of about 20,000 homes and quality commercial portfolio in Vietnam. Meanwhile, CapitaLand, another giant real estate developer from Singapore, has also just announced completion of a mammoth transaction with Temasek Holdings and acquired the issued shares of Ascendas-Singbridge, making it one of … [Read more...] about Strong desire for M&A deals in real estate