Vinhomes: large land fund transfers for CapitaLand, Masterise Homes…

Since 2019 until now, Vinhomes (Vingroup) has made many "blockbuster" land fund transfers to corporations such as Masterise Homes (Masterise Group), Capitaland.…

A Reuters source recently said,

Asia's leading real estate group CapitaLand is in talks to acquire several projects worth about $1.5 billion from Vinhomes.

Accordingly, CapitaLand is considering buying a part of Vinhomes' Ocean Park 3 project - a 294-hectare resort city-style development near the Vietnamese capital Hanoi, or another project in the north. Hai Phong city. This could be one of the biggest value transfers of Vinhomes since 2019 until now.

Before that, many projects transferring Vinhomes' projects were also recorded. Specifically, in the period of 2019-2020, Vinhomes has completed the transfer of many large deals to partners such as the sale of land fund in Vinhomes Grand Park phase 2 to Mitsubishi and Nomura Real Estate. The commercial value is estimated at 11,000 billion VND.

At the same time, Vinhomes also signed a Memorandum of Understanding to transfer Phase 3 Grand Park to Mitsubishi, Nomura Real Estate (estimated deal value of VND 12,100 billion) and Masterise Home (estimated deal value of VND 5,600 billion). .

At Hanoi,

Vinhomes has transferred a 37-storey office building in Lieu Giai (Hanoi) to CapitaLand (the deal value is estimated at VND 6,800 billion).

By June 2019, at the Vinhomes Ocean Park project, Gia Lam, Vinhomes transferred 2 land lots of more than 3.7ha to Minh Tan Hanoi Real Estate Company Limited to develop high-rise housing with total investment capital. estimated at 4,834 billion VND.

In September 2019, a subsidiary of Vinhomes, Thai Son Construction Investment Joint Stock Company, transferred a part of Tay Mo - Dai Mo New Urban Area project, Nam Tu Liem District, Hanoi to HBI Joint Stock Company. 4 land plots are transferred as part of Vinhomes Smart City urban area with a total area of more than 3.34 hectares, planned for 5 apartment buildings and utilities, technical infrastructure... Transfer value 1,136.8 billion copper.

HBI Company said it will invest in this project with the brand Imperia Smart City - a high-end real estate line developed by MIK Group. The total investment of the transferred project is about VND 5,596 billion, expected to be completed in the fourth quarter of 2024.

In Ho Chi Minh City,

In June 2021, in a document sent to the Department of Construction of Ho Chi Minh City, Green City Development Joint Stock Company (a subsidiary of Vinhomes) said that it is transferring 2 land lots with planning numbers B6 and B7. belonging to the Vinhomes Grand Park project in District 9 (now Thu Duc City) for Masterise Homes Real Estate Development Co., Ltd.

The two land lots that Green City is in the process of transferring have an area of 37,111 m2 and 33,672 m2, respectively, with a total of 70,783 m2, equivalent to more than 7 hectares. The transfer was approved by the People's Committee of Ho Chi Minh City on June 17.