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CBRE Vietnam Real Estate Spotlight – W2 2020

New drunk driving fines to slow beer market growth, Housing 'freeze' because of the land price list, Vietnam Railways operates Hanoi-Beijing train from January…

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    • Sunshine Garden – Hai Ba Trung District                           

      • Total units: 1,278 units 
      • Scale: 12,810 sqm                                                   
      • Unit size: 51.45 – 153.06 sqm (1 – 3 bedrooms)                                  
      • Price*: from VND30 million psm
    • King Palace – Thanh Xuan District    

      • Total units: 410 units 
      • Scale: 6,973 sqm
      • Unit size: 82 – 259 sqm (2 – 6 bedrooms)                                  
      • Price*: from VND42 million psm
    • Le Grand Jardin – Long Bien District    

      • Total units: 1,120 units                         
      • Scale: 5,800 sqm
      • Unit size: 49.87 – 105.09 sqm (2 – 3 bedrooms)                                  
      • Price*: from VND20 million psm

* Prices included VAT

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    • Akari City (Binh Tan District)                                         

      • Developer: Nam Long
      • Total units: 4,660 units                                                               
      • Scale:  8.5 ha land area
      • Unit size: 54 – 120 sqm (2-3 bedrooms)       
    • Terra Mia (District 7)

      • Developer: Khang Nam Real Estate
      • Total units: 440 units
      • Scale: 7,438 sqm land area
      • Unit size: 54 – 90 sqm    


* 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, Tuoitre, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, VnExpress



















Dung Duong MRICS

Senior Director

T +84 286 284 7668


An Nguyen

T +84 24 2220 0220






PM's approval sought for new low-cost carrier

New low cost carrier, KiteAir, has sought the approval of the Prime Minister to set up the establishment of a new airline in Vietnam.



HCMC to axe encroaching ventures

A number of projects located on the bank of the Saigon River in the second city could face the axe from next month after an inspection by Ho Chi Minh City People’s Committee found that they violated building regulations.



PM approves IT park establishment in Danang



The prime minister has just signed a decision approving the establishment of an information technology park in Danang City, which is expected to be modelled after the United States’ Silicon Valley.



Winners to take it all in e-wallet fight

An economics expert has said e-wallet firms are breaking out promotions to try and win large chunks of the high potential market in Vietnam. Banking expert Nguyen Tri Hieu said millions of people in Viet Nam already use e-wallet services to pay for everyday items like Grab rides, phone bills and groceries, but e-wallet firms are playing a long game.




Vietnam most promising Asian investment destination in 2020

Vietnam has been tapped by Japanese firms as the most promising place in Asia to invest in 2020, with India and Southeast Asian countries dominating other top spots, Kyodo News cited a survey as showing on January 8.




Ring road projects in HCMC make slow progress



Several major infrastructure projects are set to commence development in 2020 with the hopes of improving and upgrading the countries overall poor and aging infrastructure. Many of the projects will be focused on road and bridge work to improve the overall connectivity of major cities and provinces.




Vietnam Railways operates Hanoi-Beijing train from January

HCMC transport authorities have proposed the use of ODA loans to begin development of phase one of the fifth metro-line while the first and second lines still face delays. The project in its first phase will be some 8.9 kilometers long, starting from Bay Hien Intersection in Tan Binh District to Saigon Bridge.




Housing 'freeze' because of the land price list


The new land price list in HCMC has not been issued, although according to regulations of January 1, 2020, a new price table must be issued. Files related to transfer and legalization of real estate in many districts in HCMC are congested.




New drunk driving fines to slow beer market growth

With the new drunk driving law doubling fines and creating stricter punishments for people who break the law, alcohol sales in Vietnam are expected to take a hit.



No bubble but land prices might increase: ministry


While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas. Those areas included planned special economic zones and new urban areas with developed technical and social infrastructure.