Previously, in July, Vinhomes - a member of Vingroup - was also approved by the Prime Minister for the investment project to build and operate the infrastructure of Vinhomes Vung Ang Industrial Park (IP). This project is located in Ky Anh town, Ha Tinh province with an investment capital of more than VND 13,276 billion on an area of nearly 965 hectares. The project implementation progress is no more than 72 months from the date the State hands over the land.
The consortium of Vingroup - Long Hai Investment and Trade Development Joint Stock Company - Thai Son Construction Investment Joint Stock Company is also the only unit registered to implement the 268ha project in Dong Anh, Hanoi. The total preliminary investment capital is about 33,093 billion VND, equivalent to about 1.3 billion USD.
In Long An, the joint venture of Thai Son Construction Investment Joint Stock Company - Dai An Construction Investment Joint Stock Company (2 subsidiaries of Vinhomes) is the only investor to submit a registration dossier to implement the Tan My New Urban Area project in Tan My commune, Duc Hoa district. The project has an area of nearly 931 hectares, with a total estimated investment of VND 74,406 billion.
Perspective of the new urban area in Can Giuoc district, invested by Vinhomes and VIG (Photo: CG).
Or the consortium Vinhomes - Vietnam Investment Group Joint Stock Company (VIG) was approved by Long An province as the investor to implement the Phuoc Vinh Tay New Urban Area in Phuoc Vinh Tay commune, Can Giuoc district. This project has an area of about 1,090 hectares, a total investment of VND90,757 billion, and an operating period of 50 years.
Instead of following the bidding and project registration path like Vingroup and its member companies, many other businesses choose to buy and sell projects through mergers and acquisitions (M&A) to expand land funds.
Nam Long Company aims to expand the market in Ho Chi Minh City and the suburbs, the North such as Hai Phong, however the South is still the focus. With 681 hectares of existing land, Nam Long leaders revealed that they can learn more about agricultural land, explore investment opportunities to buy suitable companies to create a premise for growth.
Similarly, An Gia Company also said that it is constantly looking for M&A project opportunities, expanding clean land funds, prioritizing projects that have been approved for investment policies, suitable for affordable project development, and quick implementation time. Dat Xanh Group also issued a policy at the beginning of the year to continue purchasing projects, preparing resources and land funds for development in the next phase.
Danh Khoi Group also announced a specific plan to raise capital to buy projects by the end of this year or next year. Specifically, the company wants to buy part of the project at Dai Nam Residential Area (National Highway 13, Chon Thanh, Binh Phuoc) from tycoon Huynh Uy Dung (Dung "Lo Voi") and buy the Ham Thang - Ham Liem Residential Area (Binh Thuan).
Experts from MBS Securities Company expect that M&A activities of real estate projects will be an important part this year. Because the financial health of many real estate enterprises is still weak and they have not accessed capital sources, the cost of project development will increase. Therefore, selling projects to investors with good financial potential and project development capacity is necessary to maintain operations and development.
The Ministry of Construction’s second quarter report stated that in the context of the slow recovery of the real estate market, many businesses are planning to expand land funds to develop projects. Accordingly, legality, liquidity, land use fees, etc. are the top criteria that businesses choose to invest.
The Ministry of Construction also noted signs that real estate businesses have strategies to develop land funds to prepare for the market recovery. Businesses are more serious and calculating their plans, studying the market to ensure that clean land projects are legally complete, have paid full land use fees and can be put into operation in the coming years.
In addition, some businesses operating in the field of office and resort leasing are also targeting land funds suitable for their business fields in the coming time.
Source: https://dantri.com.vn/bat-dong-san/loat-dai-gia-muon-mo-rong-hang-tram-hecta-quy-dat-20240826163439202.htm
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