(TCK) Hawee Group, Trung Nguyen, Gilimex, TMC... and many other non-industry businesses have been encroaching on the real estate sector.
The wide potential of the real estate market attracts many businesses outside the industry.
Real estate gradually "occupies waves" in the core field
In the list of new faces, it is worth noting that Hawee Group - one of the largest M&E contractors in Vietnam. Capital is quite "secret", so Hawee Group's encroachment into real estate became known only after Hawee Park Land, a new member established at the end of 2020, continuously won bids for many housing projects in many localities. around the country.
For example, in late February - early March, the Department of Planning and Investment of Bac Giang province announced that Hawee Real Estate Joint Stock Company (Hawee Parkland) won the bid for the North Cao Thuong Residential Area project (township). Cao Thuong, Tan Yen district, Bac Giang province). Previously, Hawee Parkland Hanoi registered to participate in the Dong Sin Chai residential area and tourist service investment project with a total investment of 432.1 billion VND in Na Hoi commune, Bac Ha urban area, Bac district Ha, Lao Cai province.
In addition, Hawee Parkland is also the sponsor for the planning and adjustment of the construction zoning plan of 1/2000 scale Hoang Dieu urban area (Hoang Dieu ward, Thai Binh city, Thai Binh province) with a population size. The estimated number of people is about 15,500 people, who is also the sponsor of the detailed planning of 1/500 new residential area in Hung Nhan town, Hung Ha district, Thai Binh province.
Similarly, information about Coffee City - the most expensive project in the Central Highlands, of Vietnamese coffee "king" Dang Le Nguyen Vu recently also attracted attention from the market. Started implementation in 2017, but by March 2021, the 45.45 ha project is located in the center of Ho Chi Minh City. This Buon Ma Thuot has just officially launched to the market with an asking price of 7-10 billion VND/townhouse designed with 1 ground floor 3 floors. Information from the investor said that in the first sale last year, almost all products were sold out after 80 minutes of opening and up to now, the price has increased by nearly 50%.
Scaling up in the direction of multi-sectors, including real estate, is also a business strategy directed by Thanh Cong Textile and Garment Joint Stock Company (TCM). Sharing about the new business field, TCM leaders said that the company is working with partners to speed up the process of completing legal procedures for TC Tower project at 37 Tay Thanh, Tan Phu District, Ho Chi Minh City to can be started as soon as possible. This project consists of 3 buildings with 650 apartments, the average selling price is 40 million VND/m2.
“The TC1 tower project is undergoing legal procedures, which is expected to take about 12-15 months. Revenue and profit of the real estate segment will be recognized in the next 2-3 years. In the long-term, the Company will focus on developing two projects TC2 and TC3 on the land of the current factory, the area of the two projects is 6.6 hectares and 1.3 hectares respectively," said TCM leader. more information.
While many "hands-on" businesses focus on housing projects, Binh Thanh Production, Business and Import-Export Joint Stock Company (Gilimex) focuses on industrial real estate. According to information from Gilimex, the orientation in 2022 is to focus on site clearance and infrastructure construction of Gilimex Industrial Park in Thua Thien Hue with a scale of 460.8 ha, total investment capital of 2,614 billion VND. The project has obtained an investment license.
In addition to industrial park development, Gilimex Board of Directors also has ambitions to develop land fund to establish a chain of hotels and houses to serve the rapidly increasing demand for accommodation in localities promoting industrial development such as Ho Chi Minh City. , Binh Duong, Dong Nai, Bac Ninh, Hai Phong...
By the end of 2021, Gilimex has 4 members (owning 100% of charter capital) operating in the real estate sector, including Gia Dinh Real Estate Joint Stock Company, Hung Khang Real Estate Joint Stock Company, and Gia Dinh Real Estate Joint Stock Company. BT Infrastructure Investment Joint Stock Company and Luu Cong Hieu Co., Ltd. In the current "ecosystem" of Gilimex, 9/13 subsidiaries and affiliated companies operate in the fields of industrial real estate, construction equipment, lighting, metal..., in addition to the core business. core is textile.
Be careful when catching the "new wave"
According to GS-Dr. Dang Dinh Dao, former director of the Institute of Economic Research and Development, National Economics University, the trend of expanding investment of non-business enterprises into the real estate sector has taken place in the past few years and This is a good sign for the real estate market in particular, supporting industries such as building materials production, furniture, finance... in general.
“New factors with new visions, resources and directions promise to bring the market into a new stage of development, partly solving the housing and resort needs of the country's people and foreign tourists. outside. In particular, large projects implemented in many localities will contribute to promoting regional economic development, contributing to solving local labor resources. This brings opportunities for both 'foreign' businesses as well as businesses in other fields," said Mr. Dao.
Pham Anh Khoi, General Director of Real Estate Financial Services Company (FINA), assessed that in 2022, the real estate market will be supported by the economic stimulus package up to nearly 350,000 billion VND, in There are nearly 114,000 billion dong focusing on infrastructure investment and in fact, transportation infrastructure has developed
