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CBRE Vietnam Real Estate Spotlight – W13 2019

HCMC’s first metro line behind schedule, Expansion of Can Gio sea reclamation project proposed, HCMC operation center for smart city to operate this April, …

  • One new launch

    • VC2 Golden Heart Block B (Hoang Mai District)                              

      • Total units: 592 units
      • Scale: 5,638.8 sqm
      • Unit size: 43 – 98 sqm (1- 3  bedrooms)                                  
      • Price*: from VND 23.5 million per sqm
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  • Pandora (Thanh Xuan District)                              

    • Total units: 286 units
    • Scale: 41,648 sqm
    • Unit size: 78.95 – 143 sqm (2- 3  bedrooms)                                  
    • Price*: from VND 26.5 million per sqm
  • The Link 345 Ciputra (Bac Tu Liem District)                              
  • Total units: 594 units
  • Scale: 21,610 sqm
  • Unit size: 57.8 – 153 sqm (2- 4  bedrooms)                                  
  • Price*: from VND 44 million per sqm

* Prices included VAT

  • No New Launch                          
  • Advertisement:                                             

    • Heaven Riverview (District 8)                                               

      • Total units: 960 units                                                               
      • Scale:  16.939,8 sqm land area
      • Unit size: 50.37 – 68.68 sqm (1 – 2 bedrooms)                                   
      • Price*: from VND 20-22 million psqm
    • Charmington Iris (District 4)
    • Total units: 1,438 units                                                               
    • Scale: 16,645 sqm land area
    • Unit size: 45 -122 sqm (1 – 3 bedrooms)                                   
    • Price*: from VND 52 million psqm

* Prices included VAT




















Dung Duong MRICS

Senior Director

T +84 286 284 7668


An Nguyen

T +84 24 2220 0220






Work on second Hanoi metro route reaches halfway point




Hanoi’s second metro line, between Nhon and Hanoi Railway Station, is 48 percent finished and stations are being built to begin operating next year.



Transport ministry backs Hanoi’s motorbike ban plan





Hanoi earlier this month revived a plan it had approved in 2017 to ban motorbikes in downtown districts by 2030 and restrict the use of all private vehicles in areas well served by public transport



Ho Chi Minh City invites foreign investments in 255 infrastructure projects
Hanoi Times




In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) grew 8.3%, making up 24.16% of Vietnam’s GDP, attracted over US$7 billion in foreign capital. With such result, Ho Chi Minh City is calling for foreign investment in 255 projects in the fields of infrastructure development, smart urban, and environment, among others in an ambition to become a financial and technological hub of the region.



HCMC operation center for smart city to operate this April

An Intelligent Operation Center – one of the four pillars in the project of Ho Chi Minh City to transform itself into a smart city- consists of two groups, which is to receive, monitor data and summarize, report data. Both groups are closely linked in the infrastructure and expected to begin working at the end of this April.



Central Group closes ecommerce platform Robins in Vietnam – an ecommerce platform launched in May 2017 by Thailand’s Central Group- will be suspended from March 27. As announcement, the shutdown was part of the group’s restructuring plan to promote its business in the local market, adding that the group will soon launch other online shopping models.



Expansion of Can Gio sea reclamation project proposed



The Ho Chi Minh city government is seeking the Ministry of Planning and Investment’s approval to expand the Can Gio sea reclamation project to include an urban tourist area in the city’s outlying district of the same name, from 600 hectares to 2,870 hectares.



VND4.2 trillion assigned for runway upgrades at Noi Bai, Tan Son Nhat
The Ministry of Transport on March 21 asked the Government for approval to use VND4.2 trillion (US$181 million) from the budget of the Airports Corporation of Vietnam to upgrade runways at Noi Bai International Airport in Hanoi and Tan Son Nhat International Airport in Ho Chi Minh city.



Nam Long lands its first property in Hai Phong, increases the land fund in the South





The enterprise claims to expand to the North market, construct new urban areas in Ha Noi, Hai Phong and Quang Ninh, starting with the 21 hectares Nam Long- Hai Phong urban area. Otherwise, to the southern key economic region, they will also continue to develop urban areas with the new land fund of above 200 hectares.



VND 17,000 billion to relocate 13 headquarters of authorities out of the center of Hanoi

The National Institute of Urban and Rural Planning has proposed 3 options for such relocation, which is to Western Tay Lake, Me Tri Ha area or separate into both. Each option requires VND 11,897 billion, 14,236 billion and 17,000 billion respectively.



HCMC’s first metro line behind schedule

According to Ho Chi Minh city chairman, the first metro line, which connects Ben Thanh Market in District 1 and Suoi Tien Theme Park in District 9, is likely to begin operating in 2021, one year later than expected, as the procedures for the Ministry of Planning and Investment to disburse capital for the project are continuing.