VietNamNet Bridge - Foreign real estate brokers, one after another, have landed in Vietnam to take advantage of a market that has been heating up in the last four years. Foreign real estate brokers have landed in Vietnam On July 25, a press conference was organized in HCMC to announce the establishment of Propnex Realty Vietnam and the signing ceremony of Propnex brand franchise contract. The large Singaporean consultancy and distribution brand has offices in Malaysia, Indonesia and now in Vietnam. The big player hopes that it will become the leading distribution network in Vietnam in the next five years with 50 offices in cities/provinces. RELATED NEWS Vietnam hotel market attracts foreign investors High housing prices: unaffordable for Y generation Thanh Mai … [Read more...] about Foreign real estate brokers flock to hot Vietnam market
Real estate leads generation
Alpha King—international real estate developer officially launched in Vietnam
On July 25, 2018, Alpha King Real Estate Development was officially launched in Vietnam, making the country its strategic market in the long term. Jimmy Chan, CEO of Alpha King shares the view of changing the city skyline Two Alpha King projects located in District 1 are the Grade A office building Alpha Town and the integrated development Alpha City, including Alpha Mall and the luxury residential building Alpha Hill, will be launched in September 2018. The ceremony was held at Independence Palace, a historic building of Vietnam, with over 300 guests from Vietnam and other countries, including reputable real estate experts, foreign investors, as well as Vietnamese influencers in design, architecture, and arts, such as Ngo Thanh Van, Trong Hieu, Sy Hoang, and Dung Yoko. The event was held under the theme “Redefining the city’s skyline” with 3600, 3D visual and lighting effects inside a dome. Through the historic location and high-technology theme, … [Read more...] about Alpha King—international real estate developer officially launched in Vietnam
Sky Villas: Breakthrough real estate model
Sky Villas is a familiar real estate concept in developed countries and is considered one of the most attractive types of real estate for investors. Recently, in Việt Nam, Regent Residences Phu Quoc pioneered this model with its six-star project. With the project’s design highlights, BIM Group believes Sky Villas will be a high-end property model for investors in Việt Nam. Sky Villas: Identity of the high-class Jade Signature, a new architectural symbol on the “beach for millionaires,” Sunny Isles Beach (Florida, USA), was almost owned by the super rich when it was inaugurated in March. Recently, John Finnegan, former chairman of Chubb Corp., the world’s largest insurance company, spent US$7.8 million to own a Sky Villa from Jade Signature. Ian C. Read, CEO of Pfizer, one of the world’s largest pharmaceutical companies, has reportedly signed a $13-million deal for a Sky Villas unit. This shows that Sky Villas is no longer a familiar … [Read more...] about Sky Villas: Breakthrough real estate model
Online real estate brokerage gaining acceptance
VinaCapital’s flagship fund the Vietnam Opportunity Fund (VOF) and Dragon Capital last month announced they spent $21 million acquiring a 25 per cent stake in the Century Land JSC (CenLand), one of Vietnam’s leading real estate brokerages and the leader in the northern region. CenLand has focused on traditional sales channels since 2002, with its popular real estate supermarket system STDA, and has developed its online brokerage platform Nghemoigioi.vn over the last two years. Online channels contributed to the surging number of the company’s transactions in 2017, at 11,555, an increase of 20 per cent against 2016, thanks to real estate support technology. “Online real estate has seen impressive growth of more than 60 per cent over the last three years and is expected to continue growing into the future,” said Ms. Le Hoang Uyen Vy, General Partner at ESP Capital. Fertile ground In line with Vietnam’s burgeoning real estate … [Read more...] about Online real estate brokerage gaining acceptance
Woomi Construction seizes major holding in two real estate developers
South Korean Woomi Construction has become a major shareholder of domestic real estate developers Bamboo Capital Group (BCG) and Transport and Industry Development Investment Corporation (Tracodi). One of the projects of Woomi Construction in South Korea On May 16, Woomi Construction completed the purchase of 10.26 million shares of BCG as well as 1.72 million shares of Tracodi, taking in 9.5 and 5 per cent of the shares, respectively, to officially become a major shareholder of both companies. Besides Woomi Construction, the other institutional shareholders of BCG include DOJI Group (10 per cent) and Imperial Dragon Investments Limited from Hong Kong (65.5 per cent). Those in TCD include Bamboo Capital JSC (54 per cent), Intact Management from Taiwan (10 per cent), and Bao Viet Securities JSC (5 per cent). According to plan, Woomi Construction will assist BCG’s Board of Directors to develop a diversified portfolio of real estate projects as well as to connect with … [Read more...] about Woomi Construction seizes major holding in two real estate developers