Novaland Group, a leading real estate developer in Vietnam, has announced the second disbursement of $101 million from its $250 million inaugural syndicated secured term loan facility.
With their massive land funds and ample investment inflows for transport infrastructure development, the suburban cities surrounding Ho Chi Minh City are projected to become the next hotspot for investors and buyers.
Given the surging demand for tourism in Ba Ria-Vung Tau, especially during themajor holidays, local lodging services may soon find themselves overloaded. Theprovince is in great need of quality recreational properties.
Novaland Group has launched a real estate centre at the Aqua City project, Bien Hoa city, Dong Nai province.
DEG also provides consulting service for Novaland in other issues.
The Novaland Real Estate Centre in Hanoi will be a hub for Northern investors to get update on Novaland’s latest products as well as enjoy its top-notch customer services.
Novaland Group will be celebrating its 27 years of establishment and development on September 18, 2019.
Merger and acquisition (M&A) activities might potentially occur at slower pace and lower frequencies in the remaining two quarters of 2019 as a result of the scarcity in clean and clear projects readily available to invest.
Significant land bank and strong financial foundation are expected to help Novaland deliver sustainable growth.
A joint venture between FLC Group and Lotte Land has been formed in early June with a chartered capital of over $24 million to invest in a real estate project in Hanoi.
