Eight golden lands in Ba Son before going to Masterise’s boss?
The plots of land in the “luxury apartments” are being actively built by Masterise, which has been owned by many owners both at home and abroad.
The Grand Marina, Saigon project developed by Masterise Homes on Ton Duc Thang Street, District 1 (Ho Chi Minh City) has another name as Saigon – Ba Son Complex Center Area with a total area of 25.29 hectares.
Before the land plots completed the transfer procedures for real estate giant Masterise Group, a series of mergers and acquisitions took place silently on this land.
Cut into 8 plots of land
According to the 1/500 planning project in 2015, the Saigon – Ba Son complex center, invested by Ba Son Corporation, is divided into 3 groups on the basis of divided into 6 land areas, including housing. . Mixed residential area, functional apartments, commercial and officetel services.
In April 2016, the People’s Committee of Ho Chi Minh City said it had approved the Ho Chi Minh City Investment and Service Joint Stock Company (Vincentra) to invest in the Saigon – Ba Son Complex Center. with a total investment of nearly 30,000 VND. Billion. .
By the fourth quarter of 2016, Vincentra divided into 8 land lots and separated from this grand project for new legal entities to own. In general, after the split, there are 7 functional land areas including HH1 (8,999.3m2), HH2 (3,825.5m2), HH3 (2,899m2), HH4-1 and HH4-2 (6,167.2m2), HH4-3 ( 7,141, 3 m2), HH5-1 (3,558 m2) and office functional land of VP2 (6,042 m2).
Map of land lots after being divided by Vincentra. Photo: TL
Specifically, the new legal entities of each land lot are identified, including Lot HH1 assigned to Phuong Nam Urban Development and Investment Joint Stock Company, Lot HH2 assigned to Investment and Development Joint Stock Company. Au Lac, block HH3 is assigned to Nam Thanh Urban and Commercial Development Joint Stock Company.
In particular, plot HH4 is divided into 3 small lots with HH4-1 and HH4-2 assigned to Phuc Thanh Trading Investment and Development Joint Stock Company; HH4-3 was assigned to Binh Minh Business Investment and Development Joint Stock Company.
Finally, HH5-1 was assigned to Hai Binh Trading and Investment Development Joint Stock Company.
With the division of this complex into each specific legal entity, this land is expected to develop a breakthrough, bringing a new look to the central area of Ho Chi Minh City with large-scale projects. However, since the detailed planning project was made, the current land plot status has not changed much after nearly 5 years of implementation.
Exciting on paper
Contrary to the quiet situation, the land plots of the Saigon – Ba Son Complex Center are continuously moving on paper among many business units after many transactions and transfers.
For example, in 2018, the land lot HH5-1 was surprised by the owner of Hong Kong, Alpha King, and was developed into the Centennial Saigon apartment project. At that time, this project once shocked the market with the selling price of apartments up to 10,000 USD / m2.
The remaining land plots also changed to new owners, such as DPV Hanoi Investment Company Limited (taking over HH1); Thanh Cong Investment Company Limited (taking over HH2); Investing in Vikhareal (owning lot HH3); Dai Phat Invest Company Limited (owns two lots HH4-1 and HH4-2) and Truong Viet Invest Company Limited (owns lots HH4-3).
Although the area has no changes in construction and construction progress, ownership structure fluctuates continuously.
In particular, in early 2020, two “strange” legal entities, Supreme Real Estate Investment Joint Stock Company and Elegance Real Estate Investment Joint Stock Company, are present here through the acquisition of the owner. the above lots.
Lot 25.29 ha of Ba Son area on Ton Duc Thang street, construction was active again after 5 years of silence. Photo: Quynh Danh
Supreme merged three units including DPV Hanoi Investment Company Limited, Thanh Cong Investment Company Limited and Vikhareal Investment Company Limited. At this time, Supreme’s charter capital increased from VND 1,016 billion to VND 1,836 billion. erotik dating
Meanwhile, Elegance merged Dai Phat Invest Company Limited and Truong Viet Invest Company Limited. Similarly, Elegance’s charter capital also increased from 855 billion to 1,635 billion. By August 2020, these two enterprises simultaneously increased their capital with Supreme from 1,836 billion VND to more than 5,636 billion VND; Elegance increased its capital from 1,635 billion to 4,935 billion.
In addition, the land plot with the function of VP2 office with the trade name The Sun Tower was also changed in July 2020 by Capitaland Tower Co., Ltd. transferred to Ho Chi Minh City Trading and Services Joint Stock Company (Setra). ). According to sources of Zing, this land lot has also been transferred to the owner Masterise.
The last land lot HH5-1 also changed hands this year with the takeover of Minh Huy Land Investment One Member Company Limited after holding 100% of the capital of the former owner, Hung Phat Invest, Hanoi. The new owner of this land lot has been known as the co-development unit of the Thao Dien Masteri project (district 2) before.
Up to now, the changes in the legal entity owning 8 plots of land in the Saigon – Ba Son complex have been held quietly and with little noise. In 2020, there have been many judgments about the relationship between the common points of new legal entities owned by co-collateral at Vietnam Technological and Commercial Joint Stock Bank (Techcombank).
However, only by the end of 2020, when information related to the apartment project Grand Marina, Saigon with the brand Masterise Homes (under Masterise Group) appears, the market has grounds to confirm him. Who is the new owner of the 25.29 ha golden land plot in the heart of District 1.
According to zing.vn