Foreign capital boosted the real estate market

The financial potential of foreign investment funds and organizations helps real estate businesses accelerate project implementation.

An Gia Investment Company has just launched the Angia Skyline project in District 7, Ho Chi Minh City. This is the result after more than 2 months Creed Group (Japan) signed a cooperation contract to invest 200 million USD in An Gia. Total capital of the project is 1,000 billion VND, Japanese partner contributes half. On the opening day, more than 300 Skyline apartments were chosen by customers at a price of about 28 million VND per m2 (excluding VAT).

Hơn 300 căn hộ Skyline của Công ty An Gia Investment được giao dịch thành công ngay trong ngày mở bán.

Mr. Nguyen Ba Sang - Chairman of the Board of Directors and General Director of An Gia Investment, said that the loan from the bank is not enough to meet the growing investment needs of real estate businesses, due to the review and appraisal stage. take time. Therefore, stable financial resources will be an important premise for the project to be carried out on schedule, to ensure quality as committed to the buyer. Currently, the proportion of foreign and domestic capital in An Gia Investment is 50:50.

"Foreign capital has enabled the company to accelerate the Angia Skyline project. We also have access to advanced technology and superior management processes from Japan to develop projects. World-class projects right in Vietnam, "Mr. Sang shared.

With this advantage, each year, An Gia Investment will build and bring to market 2,000 high-class middle-class apartments. By 2020, about 10,000 luxury apartments will be provided in the center of Ho Chi Minh City. Currently, the company has just deployed 4 projects in the central districts, with a total investment of nearly 3,000 billion VND, providing the market with nearly 2,000 apartments.

Financial potential from foreign investors helps Nam Long Investment Joint Stock Company have more advantages in business strategies. This unit is planning to cooperate with foreign investors to develop all products of Nam Long Group, first of all with a large Singaporean investor in Southeast Asia. Foreign investors own 49% of Nam Long's shares and are expected to pour more money into the company's projects in the near future.

"We are interested in foreign investors not only in financial matters but also in cooperation, which will create opportunities for improving the development process, bringing to Vietnam market better quality products," Nam Long representative shared.

From the effectiveness of cooperation in developing Flora Cherry products of Flora product line with two leading Japanese investors, Hakyu ​​Realty and Nishi Nippon Railroad, Nam Long is negotiating with these partners to develop projects. The project belongs to the next Flora product line.

Dự án Angia Skyline tiếp cận với công nghệ tiên tiến và quy trình quản lý ưu việt từ Nhật Bản, cung cấp những sản phẩm chất lượng ra thị trường.

With Khang Dien Housing Trading and Investment Joint Stock Company (KDH), owning more than 100 hectares of low-cost clean land fund in District 2 and District 9 helps businesses get into the sights of foreign investors.

Mr. Nguyen Dinh Bao - KDH Deputy General Director said that these projects are concentrated in District 2 and District 9, where the amplitude of development is large because the infrastructure is invested to the place but the price of real estate is still high. low compared to other regions. Taking advantage of the existing advantages, Khang Dien is planning to attract more foreign capital, in order to develop the abundant land bank in the East that KDH owns.

Assessing the Vietnamese real estate market, Mr. Yoshinori Yakabe - Deputy Consulate General of Japan in Ho Chi Minh City said that Vietnam is a country with a young population, concentrated in large cities, housing demand is very high. big. Japanese investors are very interested in investing here but are still quite cautious in choosing strategic partners as well as when to enter the market. Typically, Creed Group has spent over a year exploring Vietnam market before deciding to sign a comprehensive cooperation, investing US $ 200 million in An Gia Investment.

According to a survey from CBRE Company, from the beginning of the year until now, the flow of foreign investment flows into Ho Chi Minh City real estate market. Particularly, Thu Thiem new urban area has received two large capital sources, De Vuong City Joint Venture Company Limited (pouring US $ 1.2 billion for the Empire City complex project) and Lotte Group (spending US $ 2 billion for the project). Smart Complex project).

In addition to FDI, other foreign investment activities also flourished. Chow Tai Fook Group acquires 4 billion USD worth of shares of Nam Hoi An luxury resort. Gaw Capital Partners - a Hong Kong private equity fund, acquired four projects in Hanoi, Da Nang, Quang Nam and Ho Chi Minh City from Indochina Land.

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Nguồn vốn ngoại sẽ thúc đẩy thị trường bất động sản phát triển, cung cấp nhiều dòng sản phẩm chất lượng thu hút cả khách hàng trong và ngoài nước đầu tư.

Mr. Le Hoang Chau - Chairman of Ho Chi Minh City Real Estate Association (HOREA) acknowledged that foreign investors poured capital into Vietnamese real estate businesses, proving that they see the attractiveness and development potential of the real estate market. production. Vietnamese businesses that create brand, reputation, have development prospects, hold large land fund will be "foreign investors" choose to send gold. The new Real Estate Business Law, which allows foreign investors to participate in key areas, also helps them feel more secure about mechanisms, policies and reduce legal risks.

"Foreign investors' participation will increase transparency and competitiveness, help the market develop sustainably. Buyers benefit because the products will develop according to international standards, quality assurance, progress. with complete infrastructure and utilities, "Mr. Chau said.

President HOREA also said that foreign capital will promote the process of "on-site export" of real estate products. The projects will attract foreign customers because the standards have improved, meeting the high-end needs.

According to real estate experts, more and more FDI inflows into real estate and a more open house purchase policy for foreigners and overseas Vietnamese have created conditions for the real estate market to prosper. , in order to attract foreign capital and effectively use this resource, businesses should learn, research carefully, and cooperate with partners who are suitable in terms of criteria and balance of resources to bring about efficiency. Maximum results, avoid being acquired. It is important for businesses to focus on models that can bring about equal success for both parties, always promoting transparency to be able to cooperate sustainably.

According to the report of Foreign Investment Department, in the first 9 months, real estate market received 19 new investment projects and 7 projects to increase capital. Total newly and additionally registered capital was US $ 1.81 billion. This is the field that receives the third highest inflows of foreign capital among 17 industries with foreign investors' participation, after processing, manufacturing, producing and distributing electricity.

Data from the Ho Chi Minh City Statistical Office also shows that, after three quarters, the total registration of foreign-invested projects in real estate in Ho Chi Minh City reached more than US $ 1.4 billion, an increase of nearly US $ 1 billion compared to the previous one. same period.

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