Serious shortage of office buildings, long-term investment opportunity kèo cá cược bóng đá Hoa Binh Corp?

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On 19/5/2007, kèo cá cược bóng đá HCMC, Hoa Binh Construction and Real Estate Corp and Phu My Hung Corp signed a contract for the transfer of right to use land, introduced Hoa Binh Tower Office Building project and investment opportunity kèo cá cược bóng đá Hoa Binh Corp.

On the 19th May, 2007 kèo cá cược bóng đá HCMC, Hoa Binh Construction and Real Estate Corp and Phu My Hung Corp. signed a contract for the transfer of right to use land, made an announcement of the construction of Hoa Binh Tower high-rise office building and introduced opportunities of investment into Hoa Binh Corp.

According to recent surveys by CBRE (the U.S.) on high -end offices for lease kèo cá cược bóng đá HCMC, 100% of “A” class offices have been leased and the percentage for “B” class and “C” class offices are respectively 99% and 95%. Mr. Naim Kan-Turk, Director of Research and Consultative Office gave the information that kèo cá cược bóng đá quarter I/2007, there were 58,940 sq meters of high – end offices built and all of them have been leased out.

Extensive rental rising due to serious shortage kèo cá cược bóng đá supply of office buildings

Due to great shortage kèo cá cược bóng đá supply, the rental of “A” class high-end offices has been increasing extensively. kèo cá cược bóng đá HCMC it has been raised from on average from USD 23/sq meter/month kèo cá cược bóng đá quarter I/2006 up to USD 30/sq meter/month kèo cá cược bóng đá quarter I/2007. Even for “C” class offices, there has been an average rental increase of 17% from USD 17.5/sq meter/month to USD 20.5/sq meter/month I the same period of time. According o CBRE predictions office rental kèo cá cược bóng đá HCMC is going to continue rising this year and even kèo cá cược bóng đá 2008 at the speed of at least 10%/ a year. Mr. Naim Khan-Turk also noted that besides increase kèo cá cược bóng đá FDI, an extensive increase kèo cá cược bóng đá the amount of money coming kèo cá cược bóng đá from overseas Vietnamese also affect the needs for high-end offices. kèo cá cược bóng đá 2006 this amount was USD 2.8 billion for HCMC only and for the whole country it was USD 4.8 billion. kèo cá cược bóng đá 2007 it could be USD 5.5 billion for the whole country

According to CBRE as there is a great shortage of offices the rental will continue to rise. kèo cá cược bóng đá its surveys, CBRE has found out that kèo cá cược bóng đá 2007 29 high-rise office buildings are to be completed with a total area for lease of 158,798 sq meters and kèo cá cược bóng đá 2008 another 17 office buildings with almost 180,000 sq meters are going to be completed, but the shortage is still serious because of extensive increasing of needs.

At the meeting, Ms. Frances Ba Dawen, General Director of Phu My Hung Corp remarked that at present kèo cá cược bóng đá HCMC, there is a tendency to disperse office buildings from the city center to outer districts that have good infrastructure especially district 7. kèo cá cược bóng đá this district the new urban area of Phu My Hung has great potentiality for development of high-end office buildings for lease.

Good business opportunities for Hoa Binh Corp

Phu My Hung Corp has officially transferred the right to use 2,775 sq meters of land to Hoa Binh Corp for the latter to build Hoa Binh Tower. This is very well-located lot with a favourable location right on the intersection of Nguyen Van Linh St and Tran Van Tra St. kèo cá cược bóng đá the commercial and financial center of the new urban area of Phu My Hung. This Hoa Binh’s lot is 56.2 m X 50 m kèo cá cược bóng đá dimensions kèo cá cược bóng đá an area having a construction density of approximately 80% and land use coefficient of 12.55% and the height allowed is 21-storeys. On this nice lot a land a modern 21-storey office building of Hoa Binh Corp is going to spring up

Hoa Binh’s high-rise office building is to be built with a total construction area of 40,000 sq meters and with an investment amounting to USD 37 million. The offices to be built are going to be “A” class offices. The project is going to be constructed at the utmost speed within 2 years and is planned to go into operation kèo cá cược bóng đá 2009.

It is projected that kèo cá cược bóng đá 2010 part of Hoa Binh Corp’s profit is to come from the turnover of this Hoa Binh Tower project. With an area for lease over 25,000 sq meters and the average office rental at present kèo cá cược bóng đá this center over USD 20/sq meters, one could figure out how much the turnover from this project could be.

Mr. Naim Khan-Turk remarked emphatically that this project will have big advantages as the investor is Hoa Binh Corp, which is at the same time an all-round prestigious contractor that has won a lot of high esteem from local as well as foreign investors. Hoa Binh has had many years’ experience kèo cá cược bóng đá building large scale projects with technical and aesthetic characteristics that meet international standards. This is the main factor that ensures the best quality for the construction of Hoa Binh Tower office building. Hoa Binh Construction and Real Estate Corporation is the first all-round contractor to get listed on the HCMC Securities Trading Center kèo cá cược bóng đá December 2006.

kèo cá cược bóng đá 2006, the turnover was VND 205.6 billion, increasing 54.2%, and net profit was VND 9.01 billion increasing 192% compared to 2005. It is projected kèo cá cược bóng đá 2007 the turnover is going to be VND 450 billion increasing 118.9%, and net profit VND 23.3 billion, increasing 158.6% compared to 2006. The target turnover for 2007 is VND 450 billion and for 2008 is VND 270 billion and the total for the 2 years is VND 1,150 billion. But up to the present time beginning of quarter II/2007 the total value of all he contracts Hoa Binh has been undertaking has already reached over VND 1,200 billion therefore the administration board has adjusted the target turnover for 2007 from 700 billion to VND 800 billion. The net profit for the first three months of 2007 has already reached over VND 9 billion equal to the profit earned kèo cá cược bóng đá the whole of 2006.

(Hoang Loc - Viet nam Economics Times - 22nd May 2007)