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The billion-dollar game of the big man Hung Thinh in Quy Nhon

Speaking of Hung Thinh, real estate investors are all familiar with this group’s member unit, Hung Thinh Land (a key player in the real estate business of Hung Thinh Group) – the project developer. Real estate owns a huge land bank, probably only after Vinhomes.

Hung Thinh’s huge land fund

Over 20 years of establishment and development, Hung Thinh Group has so far confirmed its position in the real estate market, as one of the largest real estate developers in Vietnam with 4% real estate market share. housing property, and owns impressive numbers with 100 real estate projects across the country, the total land fund is up to 4,500ha.

Hung Thinh mainly develops projects in Ho Chi Minh City area, and then reaches out to expand the land fund to spread out to the Southeast and Central provinces. The main markets are Binh Dinh, Khanh Hoa, Binh Thuan, Lam Dong, Dong Nai, Binh Duong and Ba Ria – Vung Tau… with capital flows of up to trillions of dong. Up to now, the number of products that this unit supplies to the market each year is up to 10,000 products, the number of customers has also reached more than 100,000.

According to the leaders of Hung Thinh Corporation, with the current land fund, the group can ensure sustainable growth and development in the next 10 years. However, the group did not stop there, but continued its strategy of expanding land bank in the coming years, anticipating the development of infrastructure in many provinces and cities to diversify the product basket and catch up with competitors. .

With strong financial potential and achieved successes, Hung Thinh Land is also firmly affirming its leading position in the real estate field with a diversified product structure, suitable for residential and commercial needs. investment for Vietnamese families.

The billion dollar game in Quy Nhon

The strategy of expanding the land fund to localities with great potential for tourism real estate development such as Da Lat, Nha Trang, Binh Thuan, Ba Ria – Vung Tau, Phu Quoc, Quy Nhon… is being focused by this group. Especially Quy Nhon (Binh Dinh), is attracting huge investment capital flows from the big guys.

Quy Nhon is known as the ‘Tourism Capital’ of Binh Dinh. According to statistics in 2019 – the year before the outbreak of Covid 19, Binh Dinh welcomed 4.8 million visitors, an increase of 85% compared to 2015. Therefore, Quy Nhon is gradually becoming attractive in the eyes. investors.

Quy Nhon is also considered one of the most beautiful coastal cities in Vietnam with more than 72km of coastal roads passing by attractive tourist sites, with wild and fresh beauty such as Hai Giang, Eo Gio, Ky Co, etc. Green Island, Egg Beach, Hon Kho, Ghenh Rang.

In terms of transport infrastructure, Quy Nhon is increasingly developing and perfecting, from the road, air, railway or seaport system, there are extremely positive changes. This coastal city also witnessed the remarkable development of industrial real estate, seaports, etc.

In fact, the planning, seaport, and infrastructure of Quy Nhon are very convenient for the formation of large cities, the development of industrial real estate and other types of real estate associated with it.

According to the goal by 2025, Quy Nhon City promotes sustainable development of the marine economy, develops services, and sea tourism becomes a key economic sector of the city. And with the orientation to 2035, Quy Nhon city is planned to be a grade I urban area – a marine economic center of the country.

It can be seen that it is not a coincidence that a “big man” like Hung Thinh Corporation chose Quy Nhon as a strategic investment location of the business when deciding to pour billions of USD into project investment here. Specifically, the MerryLand Quy Nhon project.

This is the first luxury and super luxury project of Hung Thinh. Phase 1 of the project has a total investment of up to 57,000 billion VND (about 2.5 billion USD). With MerryLand Quy Nhon, Hung Thinh launches the Bizhouse model – a breakthrough real estate type first appeared in Vietnam to meet the maximum needs: living, relaxing, long-term and sustainable business development.

  The billion-dollar game of big man Hung Thinh in Quy Nhon - Photo 1.

MerryLand Quy Nhon is located in Hai Giang, Nhon Hai commune, south of Phuong Mai peninsula, in Quy Nhon city, Binh Dinh province (Photo: Merrylandquynhon.com.vn)

The project is planned on a total area of ​​​​phase I of 695ha, including 15 subdivisions with 5-star luxury coastal hotels, hill villas and a variety of amenities (18-hole golf course, marina, etc.) ,…).

Recently, Hung Thinh Group and Marriott International Group signed a cooperation agreement to operate and break ground on the Marriott Quy Nhon Resort & Spa hotel and villa complex with a total area of ​​100 hectares under the MerryLand Quy Nhon project. This subdivision is expected to provide 250 hotel rooms and 390 villas to the market.

Also related to the MerryLand Quy Nhon super project, in May 2021, the People’s Committee of Binh Dinh province submitted a document to the Prime Minister about SJM Holdings Limited’s desire to invest 6 billion USD to build a casino in the project. MerryLand Quy Nhon project.

It is known that SJM Holdings Limited is the owner, operator and developer of the leading integrated casino and entertainment resort in Macau. SJM owns and operates the Grand Lisboa hotel and casino, as well as 18 other casinos located in prime locations on the Macau Peninsula and Taipa Island.

Previously, in July 2020, SJM Holdings Limited sent a letter to the People’s Committee of Binh Dinh Province, proposing to cooperate with a domestic company to build a project of a complex of entertainment, resort, finance and commercial centers. world class casinos and commerce.

Binh Dinh Provincial People’s Committee then sent a response letter to SJM Holdings Limited, with a commitment to support this group from forming ideas, seeking investment opportunities in Vietnam, and reporting to the Prime Minister for opinions. Prime Minister and relevant agencies to direct the settlement.

Accordingly, Binh Dinh Provincial People’s Committee has also introduced a place where SJM Holding Limited can consider investing, which is the Hai Giang Merry Land Quy Nhon tourist area project of Hung Thinh Group.

https://cafef.vn/cuoc-choi-ty-usd-cua-ong-lon-hung-thinh-o-quy-nhon-20220319114335712.chn


According to Nhat Minh

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