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According to Realestatevietnam, the market price was announced at about $ 18 million, giving Frasers Property a 75% stake in Phu An Khang. The company is currently developing a housing project with trade in East HCMC. The net asset value of Phu An Khang is estimated at $ 24.2 million.
Thus, this is the second M & A project in the real estate field that Frasers Property recently implemented in the Vietnam market. Not long ago, Frasers acquired a project in Thao Dien (District 2) from the hands of An Duong Thao Dien and renamed the project to Q2 THAO DIEN. This project is in the stage of completion of foundation work, expected to open the second phase and the opening of the sample house in June / 2018 here.
After being acquired, Phu An Khang will become a subsidiary of Frasers and is responsible for the complex project in District 2.
Through two M & A deals, many experts say Frasers is planning to expand its market in East City.
Frasers Property also owns the 22-storey Me Linh Point office building, located in the heart of District 1, managed by Fraser Suites Hanoi and Capri by Frasers in District 7, Ho Chi Minh City.
Frasers Property is one of the most prestigious foreign-invested companies in the world. Q2 THANH DIEN is the first project of Frasers Property in Vietnam is highly appreciated by investors.
In the past years, foreign businesses such as Kepple Land, Mapple Tree, Capitaland, Frasers Property, etc. have stepped into the local real estate market and made more choices for small investors. Retailers and buyers to stay. With his experience in international markets, Frasers Property is expected to warm the market with unique projectsIt, not only the world’s leading quality construction technique but also exploits the new definition of modern living space in Vietnam.
Frasers Property is part of Frasers Centrepoint Limited (FCL), a Singapore-based multinational real estate group. The Group owns a wide range of products, from retail, office, industry, resort and vacation. FCL is currently available in more than 80 cities from Asia to Australia and Europe.
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