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According to Mr. Kiet, in fact, the wave of real estate mergers and acquisitions took place quite strongly in 2019, entering 2020 due to the influence of the Covid-19 translation, many investors had a difficult time deciding to sell their products. Investors with strong financial flows, this is the opportunity to find potential land funds and projects.
Especially the hotel market is in a defensive position. According to CBRE, the second wave of epidemics has “smashed hope” for a rapid recovery in the hotel and tourism industry this year. It is certain that the demand for domestic tourism will plummet and domestic tourists will be more cautious due to growing concern about the risk of an outbreak at any time. The recovery in the international passenger segment will also take longer as Vietnam will continue to delay the resumption of international flights and the psychology of avoiding overseas travel as translation is not yet fully controlled. world.
This unit predicts that the performance of hotels in the third quarter will not change much compared to the previous quarter because Vietnam is experiencing the second wave of Covid-19 and many cities or towns are under control. Tighten to prevent spread. Consequently, surely the market must seek opportunities through mergers and acquisitions.
TS. Su Ngoc Khuong, Senior Director at Savills Vietnam, believes the real estate market is tough. However, investors remain interested in seeking opportunities through mergers and acquisitions (M&A) due to a long-term vision for the development of the real estate market in Vietnam for many years.
According to Mr. Khuong, the M&A deals will be divided into 2 groups. The first group targets assets that generate cash flows, for example, prefabricated buildings; The second group is the vacant land project, which takes several years to complete the merger and acquisition. Domestic investors seek investment opportunities because they think that one person’s difficulty is another’s opportunity. Foreign investors are willing to enter the Vietnamese market, such as Japan, South Korea, and Singapore.
Savills Vietnam experts said that the current real estate market is much better than in 2009, when investors look at existing liquidity and control risks, except for difficult legal projects. . The economy can recover from 6 months to a year. If there are financial difficulties, the companies also look for partners to cooperate and sell the project instead of putting it into bad debt.
Previously, this expert also said that this was a difficult time for many investors, but for a group of people and companies with good financial capacity, with a lot of experience in real estate investment, not only in and abroad, this is a great opportunity to they.
In fact, the market has seen many potential investors willing to buy and transfer projects from investors facing difficulties in the real estate sector. There have been a number of projects under negotiation since 2019, with an estimated total value of more than $ 500 million.
