Neil MacGregor, managing director of Savills Vietnam, said developers have difficulty raising funding and so have to find new sources, including M&A.
Both foreign and domestic institutional investors, especially the former, want to invest in the Vietnamese property market. Japanese investors are looking for long-term investments, he said.
Bao Viet Securities Company expected real estate M&A to surge in 2023-24 since cash flows have dried up for property businesses due to sluggish sales, tightened credit and high interest rates and stringent restrictions on bond issuance.
Pham Lam, chairman of DKRA Group, told VnExpress that M&A could intensify from the middle of the second quarter.
It would take a few quarters for investors to do due diligence, bargain and other tasks before transactions are completed, he said.