Many domestic tycoons return to the land acquisition race

Since the beginning of April, Ms. Nguyen Thi Son - founder of Son Kim Group - personally returned to her hometown Bac Ninh to look for land to invest in urban and commercial areas.

Son Kim leaders at that time expressed their wish for the province to support and create favorable conditions, and committed to implementing the project in the fastest time and ensuring compliance with legal regulations.

Although there has been no announcement from Bac Ninh province and Son Kim Group about specific projects, this move has partly shown that Vietnamese enterprises are also joining the land acquisition race where foreign capital is considered to be overwhelming.

Hunting for hundreds of hectares of land

At the annual general meeting of shareholders of many real estate companies this year, leaders of the units shared plans to seek large-scale land funds.

For example, Chairman of the Board of Directors of Dat Xanh Group Luong Tri Thin said that the company is planning to complete compensation and expects to complete 5 large projects with a scale of hundreds of hectares to prepare for the 2025-2030 cycle.

At the same time, Dat Xanh will also continue to buy projects to prepare resources and land for development. "In April alone, the company will buy more land in Binh Phuoc and Dong Nai," he emphasized.

Many businesses are looking for land to develop projects.

Saigon Real Estate Joint Stock Company - Saigonres Group recently also said that in addition to focusing resources on 9 ongoing projects, the company also plans to work with units to seek investment opportunities and develop new projects in Moc Bai (Tay Ninh), Cu Chi (Ho Chi Minh City), Thai Nguyen, Quang Ninh and other provinces and cities across the country.

In the 2023 annual report published at the end of March, Mr. Nguyen Van Dat - Chairman of Phat Dat Real Estate said that this year, 4-6 large projects will be launched on the market, while actively promoting the expansion of land funds in Dong Nai, Lam Dong... and making efforts to find new land funds in Ho Chi Minh City.

An Gia Real Estate also announced in February that it was looking for opportunities to conduct M&A and expand its clean land fund. This enterprise emphasized that it only prioritizes projects that have been approved for investment, are suitable for affordable project development, and have a quick implementation time.

Preparing for a new cycle of the real estate market

In fact, for real estate developers, owning a large land fund will bring growth potential in the medium and long term. At the same time, this is also an important asset that helps investors mobilize capital as well as build trust from investors.

Ms. Khanh Nguyen - Deputy General Director and Director of Business Development of Gamuda Land Vietnam affirmed that over the past 20 years, the M&A (mergers and acquisitions) market has never cooled down.

Especially in difficult times, investors with strong potential are always hunting for projects with low prices. Currently, Ms. Khanh said that not only Gamuda Land but also many other investors are actively looking to buy land funds.

The Vietnam Association of Realtors (VARS) calls this preparation for the start of a new cycle of the real estate market. According to VARS, the new cycle will be more realistic and closer to demand. In particular, all participants have realistic calculations close to demand and resources.

In fact, sharing with reporters at the beginning of the year, Mr. Ngo Quang Phuc - General Director of Phu Dong Group revealed that over the past 2 years, the company has continuously searched but has not found a suitable project. According to him, suitable land funds have high prices, while moderate prices have legal problems.

Phu Dong leaders believe that the real estate market in the coming time will move towards more sustainable development.

Also in this spirit, An Gia Real Estate has decided to shift its business strategy from "cautious and reactive" to "proactive and adaptive" to cope with any adverse market fluctuations.

At the same time, this real estate developer also continues to be loyal to the affordable housing segment, meeting real housing needs - a product that is determined to be able to "survive" in any market situation.

In addition to adjusting the product portfolio in the price segment, investors also expand their search to new growth axes.

To continue entering a new cycle of the real estate market, businesses not only restructure their product portfolio in the price segment, but also seek new growth axes.

In the first quarter 2024 market report, Dr. Pham Anh Khoi, Director of the Dat Xanh Services Institute of Finance and Real Estate Research, acknowledged that the race to hunt for land funds in the market is increasingly diverse. Investors are targeting many new localities, such as Vinhomes investing in urban areas in Long An, Can Gio, Cam Lam... while PV Invest is "going south" with a project on Dai Phuoc Island.

Meanwhile, Southern investors are pushing "Northward" such as CapitaLand, Keppel Land, Phu My Hung... In addition, Ha Do is also researching urban areas in Kien Giang, Hung Yen, Nam Dinh...