Pending project market gets busy towards the year end
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A number of projects left unimplemented for many years have changed hands, while more and more large transfer deals have been reported recently.
https://english.vietnamnet.vn/fms/business/209339/pending-project-market-gets-busy-towards-the-year-end.html
In Summary:
CapitaLand has spent VND1.380 trillion to acquire a project covering an area of 60,000 square meters in district 9, HCMC which has been stagnant for five years.
CapitaLand spent $33 million to take over a pending apartment project, covering an area of 1.4 hectares on Ton That Thuyet street.
Bamboo Capital, has recently spent hundreds of billion dong to acquire the 9,100 square meter land plot in district 2 from the previous owner – Hoan Cau Corporation.
Sources said BCG Land plans to pump VND1 trillion more to develop a 22-storey high-end apartment block on Sai Gon riverside.
Novaland has acquired Co Giang apartment project in district 1 from Dat Viet Development JSC. The project, which has been stagnant for 11 years, has been renamed as Grand Manhattan.
On Dien Bien Phu street, the 30-storey V-Ikon building was auctioned by the Vietnam Asset Management Company (VAMC) at VND301 billion.
With the new owner – Xuan Mai Investment & Construction, Eco Green, a project in district 7, covering an area of 14 hectares, has become busy again.
A number of projects left unimplemented for many years have changed hands, while more and more large transfer deals have been reported recently.
https://english.vietnamnet.vn/fms/business/209339/pending-project-market-gets-busy-towards-the-year-end.html
In Summary:
CapitaLand has spent VND1.380 trillion to acquire a project covering an area of 60,000 square meters in district 9, HCMC which has been stagnant for five years.
CapitaLand spent $33 million to take over a pending apartment project, covering an area of 1.4 hectares on Ton That Thuyet street.
Bamboo Capital, has recently spent hundreds of billion dong to acquire the 9,100 square meter land plot in district 2 from the previous owner – Hoan Cau Corporation.
Sources said BCG Land plans to pump VND1 trillion more to develop a 22-storey high-end apartment block on Sai Gon riverside.
Novaland has acquired Co Giang apartment project in district 1 from Dat Viet Development JSC. The project, which has been stagnant for 11 years, has been renamed as Grand Manhattan.
On Dien Bien Phu street, the 30-storey V-Ikon building was auctioned by the Vietnam Asset Management Company (VAMC) at VND301 billion.
With the new owner – Xuan Mai Investment & Construction, Eco Green, a project in district 7, covering an area of 14 hectares, has become busy again.
