1). Project presentation:Vietnam’s current remarkable economic development, and the projected future growth are opening up attractive opportunities for investments. According to Bloomberg surveys, Vietnam will be among the top ten fastest-growing economics in 2016.
Furthermore, the modifications of Vietnam’s legal frameworks in 2015 facilitate cross-border investments.
Therefore, MBM Groups intends to engage now. The first move will be the Real Estate market in Ho Chi Minh City (Saigon), which offers bright chances, and allows MBM Groups’ management members to contribute their experiences in this area.
MBM Groups International Holding, LLC is a special purpose company formed from the merger of MBM Groups International (HKG) Ltd as Project Owner and MBM Environmental Consulting Ltd, London, UK, as Management Company.
The starting project has the working title “Saigon 8 Towers”. It consists of 2 building complexes, which are already under construction, and thus have taken the hurdle of obtaining permissions, and contracting planners and executing companies.
Each building complex has 4 towers.
They are named:
and are located not far away from each
other at attractive places in Ho Chi Minh City.
The calculated total amount of investment needed is USD 365 million.
The goal of the Project is finishing the construction, and selling and managing apartments and commercial areas. The advance booking for Oriental Plaza Complex has already started and is meeting expectations.
Oriental Plaza Complex will be ready for occupation end of 2016, and Xi Grand Court Complex end of 2017.
2). What amount are you looking to raise and for how long in case of a Loan
The planned amount intended for the project start is:
In case of a loan, full reimbursement can be achieved 2 years after successful funding.
3). Where will you be using the funds for? (use of funds):
The funds will be used as seeding capital for the structured financing, reimbursement of fees, marketing efforts and start-up expenses, and for parts of the construction and running costs.
4). What is your drive to start this business?
Vietnam, as one of the fastest growing markets, has been experiencing significant transition in its economic structure in the past decade. Along with this transition, Vietnams Real Estate market is also undergoing remarkable change in recent years and includes the most significant reform of legal property rights in Vietnam’s history, and paves a road for market-driven Real Estate pricing in Vietnam.
Vietnam has the best economic conditions in a decade. It has a good demographic window, robust urbanization and increasing prosperity. Rapid legal reform in Vietnam is creating a better business environment and increasing opportunities for investment, and substantially increases the rights of foreigners owning residential properties.
Starting in 2010, MBM Groups has established a multinational cooperation network in Vietnam having skills and experience to plan, implement and operate projects of different types. Main focus is real estate projects, and as the offer as well a good opportunity to building up a good reputation, MBM Groups starts with Saigon 8 Towers. Furthermore, the current economic conditions and projections, as well as the business and the new legal environment, suggest that the right time to begin is now.
Objective is not only a healthy financial result of the project, but also obtaining a good reputation, and last but not least the social impacts, since there is a growing demand for such type of building complexes.
5). What is your experience in the business or segment?
MBM Groups sole purpose is to simplify and make apartment, complexes, offices, and other building products readily available and extremely affordable to the Business, Private sectors and the general public.
The members of the management team have years of experience in the implementation of large scale projects with focus on Real Estate.
MBM Groups’ associated companies have many successful reference projects,
6). What is your expected turnover for the past and future?
Accumulated estimated profit/ (loss) before interest, reimbursement & tax is
Amount [Million USD]
Fees, permissions, construction costs
Construction and operating costs, sales
Construction and operating costs, sales
Operating costs, sales
7). Can you give a description of the company (structure included) and what sets you apart from others?
MBM Group’s core business is construction, but our staff comes from a wide variety of pro-fessional backgrounds, and thus is skilled in all areas of project management.
MBM is organized into departments and/or areas of responsibility. These departments cover the entire construction process from the original sale to pre-construction, construction and project closeout. But in case needed, partners of the cooperation network can handle new tasks short-term.
8). Why do you ask for funding through Crowdfunding?
We need seed capital to start the structured funding for the project, and to cover start-up expenses and initial costs in a fast way.
9). In what way do you intend to keep your obligations or pay back?
Because the advance booking already started for Oriental Plaza Complex, repayment can be done from the planned sales already 6 month after successful structured funding and having taken the project ownership (expected end of 2016).
10). What is the dividends / interest rate you want to pay?
11). Marketing Strategies of your campaign?
MBM GROUPS plans to penetrate the market by exploring marketing strategies with the capability to wholesomely inform potential clients, online community, investors and industry players about MBM GROUP’s properties. More so, the management team’s exposure to a larger social, business and corporate network will help to create awareness about the company’s technological products using the most effective marketing tools available today.
In addition, the campaign is promoted by two well-established Real Estate companies.
The already successful advance booking proves the efficiency of the campaign.
12). Exit Strategy:
There is now special exit strategy foreseen, but an option in the current market situation is always selling of the whole project.
13). XI -Grand Court - Opening Ceremony - 03/20/2016
MARKET ANALYSIS IN THE VIETNAM REAL ESTATE MARKET.July, 2013
GDP GROWTH STILL ROSE BY 5.6%. SEVERAL INTERNATIONAL FORECASTS SUGGEST THAT THIS TREND WILL CONTINUE IN 2014-2015 AND BEYOND.May, 2014
INVESTIGATION AND SELECTION OF PROJECTS.December, 2014
TRAVELLING TO VIETNAM FOR MEETING WITH EPC & SITE VISIT OF PROPERTIES.February, 2015
PRINCIPLES CONTRACT OF INVESTMENT CO-OPERATION.November, 2015
SIGNING LETTER OF EXPRESSION OF INTEREST FOR INVESTMENT CO-OPERATION.November, 2015
CONFIRMATION OF SALES STATUS OF ORIENTAL PLAZA AND XI GRAND COURT.January, 2016
PROJECT DESCRIPTION, PREPATION OF NECESSARY DOCUMENTS FOR FUNDING.February, 2016
LAUNCH CROWDFUNDER PAGE TO ACCREDITED INVESTORS TO GAIN TRACTION.March, 2016
TESTING THE WATERS FOR REG D, RULE 506 (C) – PUBLIC OFFERING.March, 2016