Real estate

On the stock market, SCR has declined sharply, currently at a three-year low of VND6,300 per share. — Photo tintuc.vn Sai Gon Thuong Tin Real Estate JSC (SCR) plans to issue more than 27.1 million shares to pay 2018’s dividend in the fourth quarter of this year. The shares, valued at VND271 billion, will be issued at a rate of 8 per cent, meaning that a shareholder owning 100 shares will receive 8 new shares. Capital for the issuance comes from undistributed after-tax profit estimated on the audited semi-annual financial statements of 2019. Last year, SCR earned VND2.9 trillion in revenue, an increase of more than 60 per cent compared to the previous year. Post-tax profit rose by VND220 billion to VND331 billion. In the first six months of 2019, SCR’s revenue reached less than one fourth of that in the same period last year, standing at VND418 billion. Post-tax profit decreased by 19 per cent to VND134.8 billion. On the stock market, SCR has declined sharply, … [Read more...] about Sai Gon Thuong Tin Real Estate JSC to pay dividend in shares

The ribbon-cutting ceremony to open the real estate centre (Photo: courtesy of Novaland Group) Ho Chi Minh City, (VNA) - Novaland Group has just officially launched a real estate centre, the ninth of its kind of the group, at the Aqua City project, Bien Hoa city, the southern province of Dong Nai. With the opening of this facility in Dong Nai, Novaland hopes to provide a bridge to connect investors and customers to the latest information about the Aqua City project, while also bringing quality services in accordance with Novaland’s standards to customers when they visit. An overview of the opening ceremony (Photo: courtesy of Novaland)   “Novaland is dedicated to developing Aqua City as an international-standard ecological - smart township that meets the growing green living demands of both present and future urban generations. So we hope there will be more and more customers visiting the Novaland Real Estate Centre to explore the Aqua City project for both … [Read more...] about Novaland opens real estate centre in Dong Nai province

Booming demand for industrial property from the US-China trade war is sending impacts across the entire real estate spectrum The impacts of the US-China trade war are already felt across the Vietnamese real estate market, benefitting some segments while challenging others. At present, industrial real estate has numerous advantages attracting overseas investors, with a lot of economic zones, industrial zones, international and regional integration, and rapid growth. Besides, Vietnam has low-cost labour force in abundance. According to CBRE, industrial real estate in the northern provinces will be affected by the US-China trade war because of its proximity to China, especially in industrial zones in Bac Ninh, Haiphong, Quang Ninh, Hung Yen, Hai Duong, and some other southern industrial zones. Explaining this case, Nguyen Hoai An, director of CBRE Vietnam’s Hanoi branch, said that corporations usually apply the “China+1” model. “They build a facility in China … [Read more...] about US-China trade war heats up real estate market

Illustrative image (Photo: tbck.vn)   Hanoi (VNS/VNA) - Vietnam's real estate market continues to attract foreign investors because of its growth potential, especially investors from the Republic of Korea, according to real estate consulting companies. In a survey by KB Securities, more than half of Korean-won billionaires had expressed a desire to invest in real estate in Vietnam, said Nguyen Hoai An, director of CBRE Vietnam, at a recent press conference releasing the quarterly report on Hanoi’s real estate market in the third quarter (Q3) of this year. "We have seen a trend of Korean investors buying houses in Vietnam over the past 4-5 years. This trend has been continuing this year both in Hanoi and HCM City," An said. "They have been the most exciting foreign home-buyers in Vietnam for many years and the trend shows no sign of stopping." Customers of CBRE Vietnam said they were interested in Vietnam's real estate market because the domestic economy was expected to … [Read more...] about Vietnam’s real estate still an attractive prospect

The fourth dollar billionaire of Vietnam, Tran Ba Duong, will become the developer of a huge real estate project in Myanmar instead of Doan Nguyen Duc, chair of Hoang Anh Gia Lai Group, who is now focusing on agricultural production. The resolution of the Board of Management of Hoang Anh Gia Lai Group (HAG) released recently shows the decision to transfer 196 million shares, which account for 47.9 percent of charter capital of Hoang Anh Housing Development and Construction JSC, or HAGL Land (HAN) to Dai Quang Minh Real Estate. Hoang Anh Myanmar complex Hoang Anh Gia Lai has completed the transfer of all the remaining shares in the real estate development division as he had planned, even though real estate brought him great success in the past. Prior to that, when releasing the 2018 annual report, Duc stated he would completely withdraw from the real estate sector this year. This is part of his strategy on selling assets to improve the liquidity of Duc’s company. Thanh … [Read more...] about Hoang Anh Gia Lai gives up real estate dream