Though less publicized, but recently, the city real estate market. HCM is happening underground waves of buying and selling (M & A) real estate project.
Enterprises are financial advantages and brand sees this acquisition as an opportunity to project a series of businesses have financial difficulties.
Many project changes hands
Many years ago, the real estate business in the city. HCM has been known to land with a favorable position in the No. 39 Ben Van Don, District 4, Ho. HCM by Quoc Cuong Gia Lai Company as an investor. However, recently, signs advertise on this land appeared the new name is the Group Owner Novaland Project name The Tresor.
According to our sources, Novaland bought the project from Quoc Cuong Gia Lai for more than $ 830 billion. After the acquisition of this project, Novaland project is building residential, commercial, office. Only from the beginning of the year, a series Novaland bought real estate projects, including projects not yet officially been announced.
Late last week, in exchange for Real Estate Investment, Nguyen Thi Nhu Loan, Chairman of Quoc Cuong Gia Lai Company share, though not officially put pen to cooperate, but Phu My Hung Corporation is single you likely will shake hands with deployment Quoc Cuong Gia Lai residential project Phuoc Kieng Nha. Under the plan, Phu My Hung will contribute 51% to this project, the current partners are supporting Quoc Cuong Gia Lai in consulting as embankments and other infrastructure items.
According to Loan, Phuoc Kieng Nha residential project is large, with about 93 hectares out. This is a project that Quoc Cuong Gia Lai put more enthusiasm, expectations and has poured a lot of capital here.
In addition to the projects mentioned above, separate sources of Investment Real Estate, said the most recent, Hung Thinh Group has spent more than 600 billion to buy back a project in Tan Binh District. As planned, upcoming, flourishing will build an apartment project in this area. Earlier, flourishing and Engineering Corporation – Binh Trieu Construction embarked investment cooperation Residential Project Binh Trieu.
Mr. Luong Tri Thin Under, Chairman DXG, from the beginning of the year, DXG has acquired four real estate projects, and from here to March 3/2015, DXG will promote the acquisition of the project to create a land bank development strategy for the next 5 years DXG.