A Series Of New “Players” Poured A Thousand Hundred USD In Real Estate

Recently, the real estate market in Vietnam witnessed a series of “VIP” in construction industry “encroach” to invest in real estate projects.

Not only that, many businesses outside the industry do not stand outside this attractive game.This trend can be seen through the annual meeting of shareholders in 2017 recently.The “VIP” in construction industry encroaches on the “playground” for real estate investment during the 2017 annual shareholder meeting, many “big bosses” in the construction industry announced big and ambitious plans in the field of investment and development of large real estate projects.

Read more:  Which Real Estate Should You Invest To Make Profit?

For example, the HCM City Infrastructure Investment Company (CII) – a well-known enterprise in the bridge and road sector with many BT projects, highways … In the immediate future, in 2017, CII Will establish CII Land Joint Stock Company to realize the strategy of investing two high-end projects in Thu Thiem new urban area, Ho Chi Minh City.Coteccons Construction JSC (HOSE: CTD) has also set up a real estate company named Convestcons. Accordingly, the chartered capital of Convestcons is expected about 1.14400 million USD. The company is divided into two main areas: real estate brokerage (including consultancy, brokerage, real estate auction, land use right auction) and real estate business (including business real estate, land use, owned or rented).Mr. Vu Duy Lam, Investment Director of CTD, said, “We recognize that not every year the real estate market is growing well. Therefore, CTD is going to take a step ahead, is taking advantage of the market while it is still good, using investment resources to achieve long-term stable revenue”.In parallel, also announced at the 2017 General Shareholders Meeting, Pham Quang Dung, Chairman of Tasco Joint Stock Company (HUT code), said that the company’s development direction in the next five years focuses on three areas: real estate, health and technology investment on real estate investment, Mr.Dung said that he will use the core capacity as the investor of the transportation infrastructure projects to invest in real estate investment in the form of land exchange for infrastructure. Currently, the company is implementing the Ministry of Foreign Affairs 48 Tran Duy Hung project. This project has

The real estate market attracts many businesses out of business

Currently, the company is implementing the Ministry of Foreign Affairs 48 Tran Duy Hung project. This project has turnover of more than 44 million USD.According to Dung, Tasco focuses on land acquisition, building social housing, low-income housing to invest and seek investment opportunities in real estate in Hanoi and other major cities. The company locates certain profits at 25-30%. “We sell when we finish the work, not expecting too much, recently many investors were full of hardships, Tasco itself has met some difficulties, so we have learned from it that selling while it is still able to , don’t store, don’t mass” Mr.Dung shared.Not only Tasco, recently Traffic work construction Corporation 4 (Cienco4) also announced that it will move to real estate investment.At the General Meeting of Shareholders held on April 22^nd , Cienco 4 has announced the certificate of investment registration for Cau Cau mixed tourist and service resort (Nghe An). Cienco 4 newly established Green Tea Islands Joint Stock Company and entrusted Green Tea Islands to invest in construction and business of Cau Cau mixed tourist and service resort.Non-sectoral businesses plunge into the “game”Not only companies in the construction industry encroach on investment in real estate projects, but the market also saw many strange names outside the industry. For example, Saigon Fisheries Import – Export Joint Stock Company has announced that it will inject 11 million USD into a 20 – storey office, commercial and office complex project in Tan Binh District, HCM City.At Hung Vuong Fisheries JSC (HVG) shareholders meeting, the leader of the company confirmed that the company owns a large land fund to prepare for the landfall in the real estate market this year, with 10ha Land in Tan Tao Industrial Park that is expected to build a production warehouse; The project in District 6 is not sold to partners despite being paid 24,2 million USD but expected to pour capital investment projects in commercial center – high-end apartments to increase the value of assets.Another surprise, Tracodi Industrial Investment and Transport Investment Corporation (Tracodi) has approved the business plan in 2017, which targets the investment strategy and exploitation of a number of hotel projects. Tracodi has implemented the procedures for the construction of high-end hotels and offices (Bamboo Prince Court Building) at 89 Cach Mang Thang 8 Street, District 1, Ho Chi Minh City. The project area is 2,328sqm, total estimated investment of 37,4 million USD.According to the Tracodi Board of Directors, because the project finance is so large compared to Tracodi’s financial capacity, in order to avoid risk, the Board of Directors submits to the shareholders for approval by the Board of Directors to consider and select capable partners that has financial capacity and experience co-contribute to build this building. It is expected that the project will be started by the end of 2017 or 2018 depending on the financial situation of the company.As a company with strength in cable and electrical equipment business, however in annual shareholders meeting in 2017 recently, Sacom Investment and Development Corporation (SAM) has announced its business plan for 2017. The move is “clinging” in the field of investment – business real estate. Accordingly, SAM expects revenue of 111.36400 million USD, pre-tax profit of 4.66400 million USD, up 34% and 192% respectively compared to 2016. In particular, the segment of wire and cable still occupies an important position, accounting for 71% of total revenue and 67% of total planned profits respectively.Particularly for real estate, SAM set a revenue target of 26.66400 million USD and profit after tax of 308000USD. However, according to the company’s management board, the target is set for the Executive Board to try, but may still continue to suffer losses in 2017. Nevertheless, real estate will be one of the two main businesses. Specifically, Samland will target two segments of apartment and resorts, of which the company plans to deploy apartment in large cities such as HCMC or Hanoi.Along with that, a company with the strength in refrigeration, but what contributed the highest revenue and profit in 206 for Refrigeration Electromechanical joint Stock Company is… real estate! According to the business plan of 2017 recently announced at the recent GSM, REE aims at a total revenue of 203.76400 million USD, up 26.1% compared to revenue achieved in 2016, of which revenue from REE M & E was around 88 million USD, real estate was 32.428 million USD, Rentech was 31.68 million USD, electricity and water was 27.10400 million USD.REE said it is currently executing the E.town Central office building project, scheduled for completion in January 2018. Ms Mai Thanh, Chairman of REE Director Board, said that the project of E.Town Central is now under construction, expected to be able to sign 50% of lease space this year. Currently, there are 5 – 6 guests who need to rent 3 – 4 floors.Even Duc Long Gia Lai (DLG) – an enterprise in the field of agriculture, energy and electronic components, also added real estate to its restructuring strategy.

Businesses built to encroach on the real estate market

In 2017, this company will deploy a number of high-end apartment projects in Gia Lai and Ho Chi Minh City. Particularly for real estate, SAM set a revenue target of 26.66400 million USD and profit after tax of 308000USD. However, according to the company’s management board, the target is set for the Executive Board to try, but may still continue to suffer losses in 2017. Nevertheless, real estate will be one of the two main businesses. Specifically, Samland will target two segments of apartment and resorts, of which the company plans to deploy apartment in large cities such as HCMC or Hanoi.Along with that, a company with the strength in refrigeration, but what contributed the highest revenue and profit in 206 for Refrigeration Electromechanical joint Stock Company is… real estate! According to the business plan of 2017 recently announced at the recent GSM, REE aims at a total revenue of 203.76400 million USD, up 26.1% compared to revenue achieved in 2016, of which revenue from REE M & E was around 88 million USD, real estate was 32.428 million USD, Rentech was 31.68 million USD, electricity and water was 27.10400 million USD.REE said it is currently executing the E.town Central office building project, scheduled for completion in January 2018. Ms Mai Thanh, Chairman of REE Director Board, said that the project of E.Town Central is now under construction, expected to be able to sign 50% of lease space this year. Currently, there are 5 – 6 guests who need to rent 3 – 4 floors.Even Duc Long Gia Lai (DLG) – an enterprise in the field of agriculture, energy and electronic components, also added real estate to its restructuring strategy. In 2017, this company will deploy a number of high-end apartment projects in Gia Lai and Ho Chi Minh City.

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