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Tiếng ViệtHaving appeared for less than a year, Viva Land has continuously surprised the market by acquiring a series of golden land funds with great value.
nnnnWhat projects has Viva Land acquired?
nnnnAccording to shares on the website,Viva Landare managing assets1500 haThe land area to be deployed, including more than18,000 apartments.Projects of investor Viva Land that have been and are about to participate in development include:
nnnnSaigon Peninsula
nnnnSaigon Peninsulatotal land area of 117.8 hectares located in Phu Thuan ward, district 7. The project is an urban complex including luxury apartments, commercial areas, conference areas, exhibition areas, parks and marina facilities and is invested by Van Thinh Phat Group.
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Capital Palace Lieu Giai
nnnnCapital Place 29 Lieu Giai is a Grade A office complex consisting of two 37-storey towers located on a 6-storey podium and 3 basements. The project was officially put into operation in 2020, 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 contemporary Hanoi legend of a new dragon shining in the capital’s sky, with a unique space built from high-end materials and promoting the health care of customers and employees working in the building. The project is invested by Capital Group, providing about 121,000 m2 of total floor area on both towers..
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IFC One Saigon
nnnnIn 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.
nnnnIFC 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, Ho Chi Minh City).
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In recent days, the market has been buzzing with information about high-end apartment prices here1 billion VND/m2. If this information is correct, this will be the new peak price of super luxury apartments in Vietnam, surpassing allGrand Marina SaigonDeveloped by Masterise Homes.
nnnnVivian Le Jardin Thao Dien
nnnnVivian 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 15 villas for the first 15 lucky customers.
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Tuan Chau Island Ha Long
nnnnTuan 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.
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Pearl District 1
nnnnAnother super project being revived by Viva Land is the Ben Thanh quadrangle. After constructing 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 renamed One Central HCM from the end of 2021. The project is a branded apartment complex.Ritz Carlton Sai Gon.
nnnnHowever, 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 at the 4 fronts of Pham Ngu Lao – Pho Duc Chinh – Le Thi Hong Gam – Calmette.
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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.
nnnnHow Viva Land acquires mega projects
nnnnAcquiring long-standing “land” golden land
nnnnViva Land was only established in December 2020, 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 800 hectares of land ready for development, with a total value of about5 billion USD.
nnnnEven now, the land fund held by Viva Land has nearly doubled, up to 1,500 hectares. At a time when the real estate market is facing difficulties with 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.
nnnnThese projects were all positioned in the luxury segment, so Viva Land’s next implementation strategy with these projects is given attention.
nnnnAnother 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.
nnnnSpend money on M&A projects
nnnnIn addition to mega projects that have stopped construction for a long time, Viva Land also prioritizes M&A projects being developed by other reputable investors.
nnnnTypically, the most “huge” statistical deal this year is with the international Grade A office building Capital Place in Hanoi. Viva Land genus550 million USDto buy these two 37-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…
nnnnMost 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 plots.
nnnnNot only M&A of domestic projects, Viva Land also spends heavily to own foreign real estate. SheetBusiness Timessaid 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.
nnnnIn 2021, the business also completed the acquisition of the 21-storey Robinson Point office building for 500 million SGD.
nnnnIn 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) with nearly 1,700 m2, Diamante villa area (Thao Dien, Thu Duc City) with nearly 1 hectare and Landmark high-rise complex building in Hai Phong on a total land area of more than 1.3 hectares.
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