UOA is transferring all shares of VIAS Hong Ngoc Bao to its subsidiaries: UOA Vietnam Pte Ltd, UTD Vietnam Pte Ltd, and UTM Vietnam Pte Ltd.
Through this transaction, UOA Group gains legal ownership of a 2,000m² prime land plot in what was formerly District 1 (now Tan Dinh Ward), Ho Chi Minh City. This area is highly sought-after for premium office space, boasting numerous Grade A and B office buildings that attract multinational corporations, financial institutions, and leading domestic enterprises.
Funded by the company’s reserves, the deal aligns with UOA’s strategy to strengthen revenue streams and diversify its investment portfolio across Australia, Malaysia, Singapore, and Vietnam.
UOA plans to develop a Grade A office building on the site, with a total gross floor area of approximately 20,000m². Construction is slated to begin in Q4 2025, with completion expected in Q2 2028. The total investment is estimated at 120 million USD (approximately 182.3 million AUD).
Dickson Kong, Investment Director of United Overseas Australia Ltd, stated: “Expanding in Vietnam leverages the nation’s rapid transformation into a global financial hub, supported by significant government investment in high-tech industries and infrastructure. This acquisition will increase our total gross floor area in Ho Chi Minh City to nearly 120,000m². We are also actively exploring residential real estate development opportunities in Vietnam.”
 Rendering of UOA’s planned office building in Ho Chi Minh City.
|
Location of the prime land plot acquired by UOA.
|
The acquired land is located at 72 Vo Thi Sau Street, Tan Dinh Ward, Ho Chi Minh City. The land use rights were previously held by VIAS Hong Ngoc Bao, which increased its charter capital from over 98.2 billion VND to 1,335 billion VND in late July 2025. Of this, 90.2% (1,204 billion VND) was contributed through land use rights, with the remaining 9.8% in VND. On September 24, the company appointed Ms. Dao Thi Nguyet Anh as its new CEO and legal representative, replacing Ms. Ho Thi Anh Nga.
What’s Special About the New Owner of the Prime 72 Vo Thi Sau Land Plot in Ho Chi Minh City?
– 08:49 27/09/2025
Prime Real Estate Opportunity: 3,790 Resettlement Apartments in Thu Thiem Up for Auction
After four unsuccessful auctions, the fifth attempt, scheduled to run until March 15, 2026, has finally seen interest from prominent developers. A total of 3,790 resettlement apartments in the Thu Thiem New Urban Area have attracted bids from Sơn Kim Land, a consortium comprising Sunshine Group Corporation, DIA Investment Corporation, and Bcons Land.
Orion TT Avio Tower: The Shining Star of Ho Chi Minh City’s Eastern Real Estate Market
A new chapter in the TT AVIO journey has officially begun with the launch of ORION Tower – Phase 2, a masterpiece that elevates the legacy of AVIS Tower. Shining as the brightest star in the real estate sky of Eastern Ho Chi Minh City, ORION Tower stands as the ultimate upgrade, redefining luxury and innovation.
Sky-High Ambitions: Ho Chi Minh City’s 88-Story Thu Thiem Tower Project Secures $370M Land Fee, Rejecting Developer’s Appeal
The situation surrounding the Empire City Observation Tower Complex project in Thu Thiem is intensifying as the developer has sent an urgent appeal to Ho Chi Minh City’s leadership. Meanwhile, authorities assert that the land valuation process has been conducted in full compliance with regulations.
Thriving F&B Sector Secures Prime Real Estate in Ho Chi Minh City Amid Economic Challenges
In the midst of a challenging and volatile economic landscape, the F&B industry continues to dominate prime real estate locations in the heart of Ho Chi-Minh City.
Ho Chi Minh City to Gain Nearly 1,100 Hectares for Real Estate Projects
Seventy-four land plots, spanning a total area of approximately 1,079 hectares, have been proposed by the Department of Agriculture and Environment to the Ho Chi Minh City People’s Committee for a pilot commercial housing project. This initiative aligns with Resolution 171/2024 issued by the National Assembly.
