Two long-delayed property ventures in the south and south-central regions of Vietnam have finally been given the go-ahead by authorities.
With 30 per cent of the stakes acquired from Portsville Pte., Ltd. – a wholly-owned subsidiary from Singapore’s Keppel Land Ltd. in Dong Nai Waterfront City – Nam Long Group has become the only owner of this giant project.
Hoteliers and guests in Vietnam are changing their perception of green practices.
The domestic real estate market has seen a range of mergers and acquisitions deals in recent months.
The potential merger between two giant hotel groups, Accor and InterContinental Hotels Group, could foreshadow a new wave of acquisitions in hospitality directly resulting from the impact of the ongoing pandemic.
The luxury and premium accommodation segment is experiencing its highest ever rates despite the economic downturn caused by the coronavirus pandemic and the inaccessibility of international buyers.
Multi-class real estate developer Frasers Property is expanding its portfolio in Vietnam. Lim Hua Tiong, CEO of Frasers Property Vietnam, shared with VIR’s Quynh Chau the Singaporean group’s target to explore other investment fields towards sustainable development in the market.
As the pandemic prevents international investors from entering Vietnam to complete deals, domestic investors are actively taking the opportunity to expand their portfolios through mergers and acquisitions (M&A) in residential development projects.
Pandemic containment measures have hit most sector business activities, while developers have been challenged to meet construction timelines hit by related supply shortages, locked-down workers, and tightened financing availability.
Industrial and residential properties could be the sectors grasping the most upcoming attention in the real estate market of Vietnam, Indonesia, and the Philippines – three of the ASEAN’s fastest-growing economies.
Vietnam Report has ranked the top property developers in the market in terms of reputation, based on financial capacity released in the latest financial reports.
With early success in virus containment and the economy reopening up, the Vietnamese real estate sector has a solid starting point for resuming post-pandemic. Savills Vietnam managing director Neil MacGregor delves more into the situation with VIR’s Quynh Chau.
Dong Nai authorities are looking for ways to expand available industrial land to accommodate large-scale manufacturers’ needs, with the large-scale projects of Long Thanh High-tech Industrial Park and Hyosung Dong Nai highlighting how land is running scarce for new set-ups and expansion alike.
Retail property landlords and tenants must prepare to navigate a period of elevated risks to cash flow and increased operational costs arising from a slump in consumer demand and disruption to supply chains.
With more than 30 forums organised since 2005, HORASIS continues to offer the opportunity for developing countries, and localities such as the southern province of Binh Duong, to collaborate with other global partners.