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CBRE Vietnam Real Estate Spotlight – W24 2019

VinFast car factory ready ahead of schedule, "Unilever says Vietnam, Bangladesh among next 'growth stars' ", VinaCapital Ventures invests $4m in online real estate platform Rever …

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    • Imperia Sky Garden (Hai Ba Trung District)                              

      • Total units: 1,866 units
      • Scale: 7,847.1 sqm
      • Unit size: 57.91 – 105.21 sqm (2 – 3 bedrooms)                                  
      • Price*: from VND35 million per sqm
    • Stella Garden (Thanh Xuan District)                              
    • Total units: 368 units
    • Scale: 6,822 sqm
    • Unit size: 91.2 – 151 sqm (2 – 3 bedrooms)                                  
    • Price*: from VND30 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
    • Total units: 448 units
    • Scale: 3,184 sqm land area                                                              
    • Unit size: 38 – 152 sqm (1- 4 bedrooms)                                  
    • Price*: from VND 45 million psqm
    • Mandarin Garden 2 (Hoang Mai District)                              
    • D’. El Dorado (Tay Ho District)                              

* Prices included VAT

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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) 
    • The Grand Manhattan (District 1)
    • Developer: Novaland
    • Scale: 14,000 sqm land area
    • Unit size: 68.35 – 89.88 sqm (2-3 bedrooms)

* 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






MoC: rules for condotels, officetels coming this year

Minister of Construction Pham Hong Ha said at the Tuesday meeting of the National Assembly that his ministry and the Ministry of Natural Resources would complete regulations relating to condotel and officetel this year. Condotels or resort villas are classified as tourist accommodation that is managed according to tourism regulations controlled by the Ministry of Culture, Sports and Tourism,  organisations and individuals trading condotels and villas must have business licences from the Viet Nam National Administration of Tourism (VNAT).




Vietnamese should pay ‘goodbye fee’ when exiting country: lawmaker

Nguyen Quoc Hung, former deputy chief of the National Administration of Tourism said Vietnamese should pay a ‘goodbye fee’ of $3-5 every time they get out of the country, The money could be used by diplomatic agencies to support Vietnamese citizens abroad, adopt new technologies to help people enter and exit the country and promote Vietnam’s tourism image abroad.However, Hung's proposal was met with criticisms from other lawmakers and experts.



World Bank offers new credit to develop urban centres


The World Bank (WB) Board of Executive Directors on Wednesday approved a US$194.36 million credit plan to help four secondary cities in Vietnam: Ky Anh in Ha Tinh Province, Tinh Gia in Thanh Hoa Province, Hai Duong in Hai Duong Province and Yen Bai in Yen Bai Province  build critically-needed municipal infrastructure and strengthen urban planning. The total cost of the project is US$276.17 million.




Airbnb hosts in HCMC see higher revenue than in Hanoi

Airbnb hosts in HCMC earn a higher average revenue for homesharing services than those in Hanoi. Especially in the winter, each of the HCMC-based homeowners generates VND11.5 million (US$491) per month, while the monthly income of a host in Hanoi is some VND6.7 million.




French coffee chain Malongo eyes Vietnam foray


French organic coffee chain Malongo is looking for partners to enter Vietnam as part of its plan to expand in Asia.The firm’s export director Henri Rodriguez said in a recent statement that the company is developing plans to franchise in Vietnam after opening two stores in the Philippines last year. Vietnam is a priority market in its expansion plans for Asia. Malongo’s annual revenue is almost 110 million euros (US$124.5 million), of which 15 percent comes from exports.




Vietnam's Vingroup builds smartphone plant in Hanoi
Vingroup, Vietnam’s largest privately-run conglomerate, commenced on Monday the construction of a smartphone plant in Hanoi, an investment that the company said was driven by rising domestic and international demand for its products. In its first phase, expected to complete in August, the VinSmart plant in Hanoi will span an area of 15.2 hectares and is capable of producing 23 million smartphones a year.The capacity is expected to be increased to 34 million units per year in October, and 125 million in 2020. The most modern equipment and advanced technology applications from the U.S., Germany and Japan will be used at the Hanoi facility




VinaCapital Ventures invests $4m in online real estate platform Rever 
Deal Street Asia


VinaCapital Ventures, the technology investment company of Vietnam-based asset management firm VinaCapital, has invested US$4 million in digital real estate brokerage company Rever. Rever said it will add more tools and services to its platform, including loan brokerage, digital furniture fitting and smart-home solutions, to become a one-stop shop for all accommodation-related needs. VinaCapital has been investing in the local real estate market through VinaLand and Vietnam Opportunity Fund vehicles, apart from the two funds, VinaCapital is investing in the hospitality sector through a platform joint venture with global investment firm Warburg Pincus.





Minor Hotels to hit the tracks in central Vietnam

Minor Hotels has bought a train carriage from the Vietnamese state-owned railway, with which it hopes to reimagine transportation between two Anantara resorts in a marriage of old-timey romance and modern-day comfort, Minor’s vision of glamorous rail travel from Anantara Quy Nhon Villas to Anantara Hoi An Resort could soon become a reality, with its own spruced-up carriage set to hit the tracks in July, according to Thomson.



Unilever says Vietnam, Bangladesh among next 'growth stars'

Chief Executive Officer Alan Jope said Vietnam, Bangladesh, Pakistan and Myanmar will be the top growth markets for consumer goods giant Unilever over the next few years as a rapidly growing population and an emerging middle class rapidly consume the company’s household good products, The combination of quite a big population, strong GDP growth and rapid consumption in the categories we sell means that countries like Vietnam, Pakistan, Bangladesh, Myanmar and even Ethiopia will be our growth stars over the next few years




Biggest water park in Hanoi to open in June

Thanh Hà Water Park in Hà Đông District, the biggest waterpark in Hà Nội, will be inaugurated on June 10 includes a theme park, restaurants and bars, built mainly from bamboo and rattan.





VinFast car factory ready ahead of schedule

VinFast on Friday inaugurated the first phase of its auto plant three months earlier than planned. The plant in the northern port city of Hai Phong has a capacity of 250,000 cars and 250,000 electric bikes a year in this phase. The capacity will double when the second phase is finished in 2025,built from scratch in just 21 months, can churn out 38 cars every hour. VinFast targets using 60 percent local parts in its cars and 100 percent for electric motorbikes.