Selling apartmentsHaving appeared for less than a year, Viva Land has continuously surprised the market by acquiring a series of golden land funds with great value.
What projects has Viva Land acquired?
According to shares on the website, Viva Land are managing assets 1500 ha The land area to be deployed, including more than 18.000 apartments. Projects of investor Viva Land that have been and are about to participate in development include:
Saigon Peninsula
Saigon Peninsula total land area of 117,8 hectares located in Phu Thuan ward, district 7. The project is a complex urban area including luxury apartments, commercial areas, conference areas, exhibition areas, parks and wharf facilities. boat and invested by Van Thinh Phat Group.
Capital Palace Lieu Giai
Capital Place 29 Lieu Giai is a Grade A office complex consisting of two 02-storey towers located on a 37-storey podium and 06 basements. The project was officially put into operation in 03, considered a "new symbol for modern Hanoi". Capital Place takes architectural inspiration from the image of a dragon from Vietnamese folk legends, the idea of dragon scales on a glass floor and the design of the Building. Capital Place continues the legend of contemporary Hanoi about a new dragon shining in the capital's sky, with a unique space built from high-end materials and promoting customer health care. , employees working in the building. The project is invested by Capital Group, providing about 2020 m121.000 of total floor area on both towers..
IFC One Saigon
In 2022, Viva Land will also be an investor participating in the development and management - "reviving" the Saigon One Tower project with the new name IFC One Saigon.
IFC One Saigon building is one of the projects with the most prime location in Ho Chi Minh City, located on a golden land area of more than 6.600 m2 at the corner of Ham Nghi - Ton Duc Thang - Vo Van Kiet street (District 1, City. HCM).
In recent days, the market has been buzzing with information about high-end apartment prices here VND XNX billion/m2. If this information is correct, this will be the new peak price of super luxury apartments in Vietnam, surpassing all Grand Marina Saigon Developed by Masterise Homes.
Vivian Le Jardin Thao Dien
Vivian Le Jardin is a villa project in Thao Dien ward that is about to be officially launched by Viva Land in the near future. The project has a scale of 8,606 square meters and only 2 villas for the first 15 lucky customers.
Tuan Chau Island Ha Long
Tuan Chau Island is a major project that Viva Land participates in developing in the Northern market. The products that will be available for sale at this project are villas, townhouses, villas, shophouses, apartments, condotels and commercial properties.
Pearl District 1
Another super project being revived by Viva Land is the Ben Thanh quadrangle. After building the basement in the period 2012-2013 under the original name The Spirit of Saigon, the project stopped construction for many years before being developed by Masterise Homes in cooperation with Marriott group and given the new name One. Central HCM from the end of 2021. The project is a branded apartment complex Ritz Carlton Sai Gon.
However, not long after that, this giant also withdrew all construction units and machinery, leaving behind an unfinished building on a land area of nearly 8.600 m2 right on the 4 fronts of Pham Ngu Lao - Pho Duc Chinh - Le. Thi Hong Gam – Calmette.
Currently, Viva Land's official website has included this 6-star commercial center, office, apartment, and hotel complex in the list of developing projects, with the new name Pearl.
How Viva Land acquires mega projects
Acquiring golden land that has been "covered" for many years
Viva Land was only established in December 12, according to the official announcement on the company website and national business registration portal. But by the time it became known to the market a year later, the company had 2020 hectares of land ready for development, with a total value of about 5 billion USD.
Even now, the land fund held by Viva Land has nearly doubled, up to 1.500 hectares. While the real estate market is facing difficulties with an increasingly scarce land supply, especially in Ho Chi Minh City, this emerging tycoon chooses long-term "land plots" to have a clean land fund available.
These projects were all positioned in the luxury segment, so Viva Land's next implementation strategy with these projects is given attention.
Another super project being revived by Viva Land is the Ben Thanh quadrangle. After building the basement in the period 2012-2013 under the original name The Spirit of Saigon, the project stopped construction for many years before being developed by Masterise Homes.
Spend money on M&A projects
In addition to mega projects that have stopped construction long ago, Viva Land also prioritizes M&A projects being developed by other reputable investors.
Typically, the most "huge" statistical deal this year is with the international Grade A office building Capital Place in Hanoi. Viva Land genus 550 million USD to buy these two 2-storey office towers from CapitaLand. This is forecast to be an effective investment because the project currently has international tenants such as HSBC Vietnam, Porsche, Standard Chartered Bank Vietnam, TOTO Vietnam...
Most recently, Viva Land announced to become the developer and operator of land plots 32 and 3b of the Tuan Chau Island project (Ha Long City, Quang Ninh) invested by Tuan Chau Group. This is a complex of villas, apartments, hotels, condotels, shophouses... on a total area of more than 1.000 hectares. Currently, Viva Land has not disclosed detailed plans for the acquired land lots.
Not only M&A of domestic projects, Viva Land also spends heavily to own foreign real estate. Sheet Business times said that this business has acquired SO/Singapore hotel with a total value of about 240 million SGD from Royal Group. Based on the scale of 134 rooms, the price offered by Viva Land is considered a record for the hotel market in Singapore.
In 2021, the business also completed the acquisition of the 21-storey Robinson Point office building for 500 million SGD.
In addition to these projects, Viva Land's development portfolio also includes Saigon Peninsula with a scale of nearly 118 hectares in District 7, Ho Chi Minh City, D4 BVD project (District 4) of nearly 1.700 m2, Diamante villa area (Thao Dien, Thu Duc City) nearly 1 hectare and Landmark high-rise complex building in Hai Phong on a total land area of more than 1,3 hectares.
