After banks tightened credit from mid-2022, the domestic real estate market has gone through a long period of stagnation. In recent times, apart from the apartment and real estate segments serving real housing needs, which still recorded active transactions and continued price increases, the remaining segments of the real estate market have been quite gloomy.
However, after a series of measures to ease difficulties for the real estate market implemented by the Government , localities and businesses in recent times, many investors and businesses with available capital have returned to the market in the last days of 2023.
Ms. Minh Phuong, an investor and owner of a real estate business in Ho Chi Minh City, said that her investment group is looking to buy plots of land in Bao Loc and Bao Lam ( Lam Dong ) with an area of 2 hectares or more to be able to divide into plots for a resort project. Ms. Phuong shared that she has many years of experience in real estate investment. Recently, land prices in many areas have decreased sharply, so she realized that this is the right time to invest in large plots of land to prepare for the business plan in 2024.
Ms. Minh Phuong said she is looking for land to develop a resort tourism project.
Similarly, Ms. Phuong’s investment group, An Duong Thao Dien Real Estate Investment and Trading Joint Stock Company (HAR), has just announced a resolution of the Board of Directors on receiving the transfer of land use rights at 8 plots of land in Long Phuoc Ward, District 9, Ho Chi Minh City (now Thu Duc City). The value of receiving the transfer of land use rights of the above plots of land is more than 294 billion VND. The purpose of these transactions is to serve the implementation of potential projects in the future.
Along with that, Nova Hospitality Joint Stock Company (Nova Hospitality), a subsidiary of No Va Real Estate Investment Joint Stock Company (Novaland, NVL), also announced that it had completed the purchase of 17.6 million SEA shares of Vietnam Seafood Corporation (Seaprodex) for a value of VND330 billion. After the transaction, Nova Hospitality increased its ownership in Seaprodex from 5.6 million shares (equivalent to 4.52% of capital) to 23.3 million shares (equivalent to 18.6% of capital) and became a major shareholder of this corporation.
Investors assess that Nova Hospitality Joint Stock Company becoming a major shareholder of Seaprodex does not rule out the possibility of targeting the "golden" lands that this enterprise owns. Accordingly, in addition to its core activities related to aquaculture and fisheries, Seaprodex is also mentioned as an enterprise that owns many "golden" lands with its headquarters located at 2-4-6 Dong Khoi, District 1, Ho Chi Minh City; Blue Sapphire Vung Tau Hotel; project No. 2 Ngo Gia Tu, Hanoi...
Recently, Seaprodex has also had some activities related to Novaland. In November, Seaprodex had two high-level personnel changes when Ms. Luong Thi Thu Huong (Novaland's legal director) was appointed as deputy general director and Ms. Thieu Thi Thanh Thuy as general director.
Along with transactions by individual investors, according to RCA and Cushman & Wakefield, the total value of investment transactions and real estate M&A (Mergers and Acquisitions) in the first 9 months of 2023 is estimated at 729 million USD. According to Mr. Neil MacGregor, CEO of Savills Vietnam, despite facing difficulties, the real estate market is still resilient and ready to take advantage of positive economic policies and changes. The next two years will be a vibrant period for the M&A sector in Vietnam.
In a recent sharing, Mr. Tran Van Binh, General Secretary and Vice President of the Vietnam Association of Realtors (VARS), assessed: "The overall picture of the market will certainly have many new bright spots, especially in areas with room for development, with synchronous and modern planning, infrastructure that is interested in and focused on investment, and low price levels."
Experts believe that the real estate market in 2024 will continue its recovery trend with significantly improved transaction results. The market recovery process will certainly continue to be differentiated by segment and region due to different absorption capacities. In particular, the affordable housing real estate segment, suitable for people's financial capacity, is expected to continue to play the role of "locomotive", leading the recovery process of the entire market.
Hoang Anh
Source: https://www.nguoiduatin.vn/dai-gia-viet-manh-tay-chi-tien-gom-bds-cuoi-nam-204642001.htm
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