Affirming potential with successful M&A projects

Mergers and acquisitions (M&A) activities bring great growth potential to financially strong businesses, especially in the real estate sector. In recent years, the M&A wave in the Vietnamese real estate market has become more vibrant thanks to the participation of famous foreign businesses and large domestic investors.

Choosing this direction in the sustainable development strategy of the enterprise, Kita Group cooperates to develop clean land funds, complete legal procedures, invest and build projects to bring to the market civilized, quality urban areas and bring real value from the project to the law for customers.

Recently, Kita Group said it has successfully M&A a series of projects such as: Kita Capital (Hanoi), Kita Airport City (formerly Stella Mega City - Can Tho), Golden Hills ecological urban area (Hoa Vang district and Lien Chieu district, Da Nang city), TAX Resort project and Hoa Lac urban area (Hanoi), high-end Sakura Golf project (Hai Phong) and some prime land funds in Ho Chi Minh City, Phan Thiet...

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Kita Capital project is a testament to Kita Group's success in M&A activities. Perspective image

In the Northern market, Kita Group is known as the Developer of Kita Capital project (located in Ciputra Urban Area - Nam Thang Long, Hanoi). After successfully M&A this project, Kita Group has completed the villas, invested in infrastructure in parallel with legal procedures so that as soon as customers complete the payment procedures and own the villa, they will simultaneously be handed the red book - a solid and sustainable legal value of real estate.

In the South, Kita Group's name is associated with the 150-hectare Kita Airport City Urban Area in the center of Binh Thuy District, Can Tho City. This is a project that Kita Group M&A through auction. In 2019, after winning the auction of all real estate here, the company invested heavily to complete the infrastructure, landscape, utilities, etc., aiming to build a civilized, modern urban area and a livable place in Tay Do.

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Kita Group aims to develop Kita Airport City into the most modern and dynamic urban area in the Western Capital - Can Tho. Perspective image

Thousands of "red books" have been handed over to customers

Mr. Nguyen Duy Kien - Founder of Kita Group shared: "Kita Group is steadfast in its mission of "reviving" projects through M&A activities to develop them into sustainable real estate products with transparency and legal clarity, striving to turn projects into works with architectural highlights and unique functions".

With that orientation, Kita Group always focuses and makes efforts to complete legal documents to hand over land ownership certificates, house ownership certificates and other assets attached to land to qualified customers. Typically, the Kita Capital project has recently attracted special attention from customers as it is one of the few low-rise projects in Hanoi that has completed construction and legal procedures, and handed over ownership certificates to customers. In the context of the real estate market facing many difficulties in capital sources, causing most projects to be behind schedule, Kita Capital is considered a bright spot in the market, showing the effectiveness of M&A activities that Kita Group has implemented in recent times.

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Customers receive the certificate of ownership for customers at the Kita Capital project.

For Kita Airport City Urban Area (Can Tho), Kita Group said that up to now, it has handed over more than 2,000 land ownership certificates, confirming legal ownership to customers. It is expected that the roadmap for issuing certificates for the next 100 products in the project will be carried out from now until the end of the year, in August - September 2024, legal procedures will be completed to hand over 40 products to customers, including the new block L51 - L57 - The Ambi subdivision in the urban area.

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Customers receive ownership certificates at Kita Airport City project (formerly known as Stella Mega City)

The real estate development cycle is recovering, owning a series of projects with solid legal status can be considered a great advantage for Kita Group, the real estate value of these projects promises to continue to increase.

Le Thanh