Anpha Holdings picks up Novaland subsidiary

Vietnamese real estate developer Anpha Holdings has announced completing the purchase of a 99.98 per cent stake in Nova Galaxy Real Estate JSC from Novaland Group, according to newswire Saigontimes. The deal value has yet to be disclosed. Novaland also refused to release the reasons of its divestment, however, decrease in net revenue and after-tax…

The Third Real Estate Investment Waves

At the end of August, Anpha Holdings (Vietnam) co-operated with international real estate company PropNex International Singapore to introduce the Star Residences Two project in Malaysia to local investors. This is a 58-storey project of 482 apartments covering 68-120 square meters in Kuala Lumpur. The project is being developed by Malaysia’s UMLand and Symphony Life,…