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CBRE Vietnam Real Estate Spotlight – W19 2019

More tourists head for Vietnam, HCMC to develop resettlement housing, Work starts on bridge connecting Hai Phong to Thai Binh…

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    • Pandora (Thanh Xuan District)                              

      • Total units: 286 units
      • Scale: 2,963 sqm
      • Unit size: 60 – 140 sqm (2 – 3 bedrooms)                                  
      • Price*: from VND27.5 million per sqm
    • UDIC Westlake (Tay Ho District)                              
    • Total units: 416 units
    • Scale: 77,281 sqm
    • Unit size: 84 – 168 sqm (2 – 4 bedrooms)                                  
    • Price*: from VND36 million per sqm
    • Total units: 640 units
    • Scale: 5,289 sqm
    • Unit size: 64 – 130 sqm (2 – 4 bedrooms)                                  
    • Price*: from VND30 million per sqm
    • Mandarin Garden 2 (Hoang Mai District)                              


* Prices included VAT

  • New Launch

    • ​The MARQ (District 1)

      • ​Developer: Hongkong Land & Hoa Lam
      • Total units: 515 units   
      • Scale: 5,146.4 sqm
      • Unit Size: 45 – 146 sqm ̣̣(1-4 bedrooms)                      
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  • Signial (District 7)                                               

    • Developer: An Gia Corp & Creed Group
    • Total units: 1,150 units 
    • Scale:  63,000 sqm land area
    • Unit size: 39.6 – 40.6 sqm (1 bedroom)                                                                
    • Price*:   from VND1.2 billion/ unit (recorded on Tuoitre newspaper posted on May10) 

                                                    
* Prices included VAT
Note: Selected newspapers include Dau Tu Bat Dong San, Thoi bao kinh te Vietnam, The gioi thong tin bat dong san, CafeF, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, Vnexpress

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 2220 0220

an.nguyen@cbre.com

 

 

 

 

 

Property, finance veteran Lim Hua Tiong is first CEO of Frasers Property Vietnam

The Business Times

FRASERS Property on Monday appointed Lim Hua Tiong as its first chief executive officer of Frasers Property Vietnam. He will be based in Ho Chi Minh City, and will report to Panote Sirivadhanabhakdi, group chief executive officer of Frasers Property.

 

 

Vietnam may be added to expanded U.S. list on currency manipulation: Bloomberg

The Trump administration will expand the number of countries it monitors for currency manipulation in an upcoming report expected this month, and Vietnam may be named a currency manipulator, Bloomberg reported on Thursday. Vietnam may be named a currency manipulator for artificially holding down the value of its currency, the dong, while India and South Korea are expected to be dropped from the watch list, it said.
     

 


 

Vietnam carriers could launch direct flights to US as early as this year
VnExpress

Three Vietnamese airlines are preparing to launch direct flights to the U.S. possibly as early as this year. Vietnam Airlines, low-cost carrier VietJet and recently established Bamboo Airways are preparing to operate non-stop flights, reducing travel time by almost eight hours.


 

 

 

New Mien Dong Coach Station’s opening delayed until August
 
 
 

The new Mien Dong Coach Station in HCMC’s District 9 is expected to begin operating in the middle of August, a delay of three to four months due to the construction of additional facilities. 

 

 

 

Fitch revises Vietnam's outlook to positive
 
The revision of Vietnam's outlook to positive from stable reflects an improving track record of economic management, evidenced by strengthening external buffers from persistent current account surpluses, falling government debt levels, high economic growth rates and stable inflation, Fitch Ratings has said.

 

 

 

Work starts on bridge connecting Hai Phong to Thai Binh

VOV
The 254.1m-long and 12m-wide bridge will be built at a cost of over 185 billion VND (7.9 million USD), of which 182 billion VND are sourced from Hai Phong’s budget and the remaining from Thai Binh’s. The project is expected to be put into use in late 2019, shortening the distance between Hai Phong and Thai Binh’s coastal area by more than 30km and easing traffic pressure on national highway 10.

 

 

 

Hanoi weighs underground parking cellar in zoo park
 
VOV
The Hanoi People's Committee has approved a plan to build underground parking in Thu Le park, in Ba Dinh district, with a total investment of over VND1.7 trillion (US$73.1 million), the government portal reported. The underground parking lot in Thu Le park will be built by Him Lam BC Investment Joint Stock Company, and is expected to be completed in the fourth quarter of 2020.
 

 

 

 

HCMC to develop resettlement housing
 

VOV
 

HCMC plans to develop social housing on its own instead of building new resettlement housing with state funds, according to the city’s People’s Committee. Resettlement housing is used for residents who must move to make way for urban embellishment projects. Priority for the land fund for social housing will be in Cu Chi, Binh Chanh, Hoc Mon, Can Gio and Nha Be districts.

 

 

 

Vietnam’s Petrolimex plans convenience store chain

 
After five years of research, the group plans to open stores across its network of 5200 gas locations across the country. “Petrolimex will expand into this sector, each store will host 1500 to 2000 products,” a Petrolimex representative said during a conference. “Our strategy partner JX Nippon Oil will support us to set up the chain in the most optimal way.”

 

 

More tourists head for Vietnam

 
Vietnam clocked up close to 6 million visits in the first four months of the year encouraging officials to believe the country could welcome around 18 million visits by the end of 2019.

The latest statistics posted by the Vietnam National Administration of Tourism for January to April reached 5,968,880 visits, an increase of 7.6% over the same period last year.

 

 

 

 

 

 

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