VinaCapital gains $18m revenue from real estate sector in Q3

In its report on revenue of real estate investment funds under VinaCapital, in the third quarter (Q3) this year, VinaLand and Vietnam Opportunity Fund signed 71 property contracts worth $18 million.
The total number of signed contracts in Q3 was lower than the figure in Q2 of 246 contracts but the contract value increased $1.3 million versus the previous quarter.

In Q3, the company signed contracts to sell luxury villas in Norman Estates in Da Nang Beach Resort meanwhile in Q2; the company’s revenue was mainly from land in My Gia project, Nha Trang city, Khanh Hoa province.

Totally, in the first three quarters this year, the company’s total real estate contract value reached $55.6 million, down 16% from the same period last year ($66.2 million).

As planned, in the upcoming time, VinaCapital will start selling two residential complex projects, including Trinity Park residential area project (formerly known as HUD Dong Thang Long) covering an area of 30 hectares in district 9, HCM City, near The Garland villa area and the second project will be Ceana Hotel villas area including 31 sea view villas in Hoi An city and south of Da Nang. – Source: Vietbiz24.com

Tags: Vietnam Property market, Vietnam property sector, vietnam real estate market, VinaCapital

Posted by VBN on Oct 23 2011. Filed under Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry