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CBRE Vietnam Real Estate Spotlight – W24 – 2020

Dong Nai: Domestic investment up nearly 30% in five months, Daiwa PI Partners invests $8m in Vietnamese cinema operator Beta Media, Vietnam is ready to supercharge its e-commerce market…

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    • The Terra- An Hung (Ha Dong District)

      • Total units: 1320 units                        
      • Scale: 35.574 sqm
      • Unit size: 74.3 – 140.8 sqm (1 – 4 bedrooms)
      • Price*: from VND 23 million psm
    • Gelexia Riverside (Hoang Mai District)

      • Total units: 1,966 units                        
      • Scale: 18.498 sqm
      • Unit size: 65.8 – 119 sqm (2 – 3 bedrooms)
      • Price*: from VND 22 million psm
    • Anland Premium – Ha Dong District  

      • Total units: 575 units                        
      • Scale: 8.570 sqm
      • Unit size: 53 – 85 sqm (2 – 3 bedrooms)                                 
      • Price*: from VND27 million psmPrice*: from VND 22.5 million psm 

* Prices included VAT

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    • Picity High Park (District 12)  

      • Developer: Pi Group & Gia Cu
      • Total units: 2,635 units                                                               
      • Unit size: 44 – 79 sqm (1 – 4 bedrooms & penthouse)              

* 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



Quang Ninh is about to choose an investor for a casino project of over VND 46,000 billion in Van Don

Quang Ninh Provincial People’s Committee Chairman Nguyen Van Thang has just approved the list of projects using land and using non-budget capital to select investors for Van Don high-class entertainment and recreation complex in Van Yen commune, Van Don District. Accordingly, the total land area is 445 hectares, of which 50 hectares is for construction of residential areas, 270 hectares for non-residential areas, and the rest is for technical infrastructure and forest land. The project is expected to be implemented from 2020 to 2029. Construction targets include building a complex of services, casino, golf course, commerce combined with modern and synchronous resorts.


State to encourage construction of cheap apartments

The State will employ policies to encourage the development of cheap commercial houses to remove difficulties for the real estate market and enterprises due to the COVID-19 pandemic. The Government recently issued a resolution on providing more capital for social housing development and assigned the Ministry of Construction to work with localities to review social housing projects and housing projects for workers at industrial zones nationwide.


High potential for resort property in economic zones after the pandemic

As the pandemic is gradually brought under control in Vietnam, the country is emerging again as a safe destination for tourists and investors, especially in emerging economic zones like Van Don and Phu Quoc, which both offer many advantages, such as stunning nature and beautiful scenery, over traditional property markets. After controlling the pandemic, resort property is said to be re-ordered in the time coming. Anticipating the future of resort property, economists said that emerging markets will be the destination of investors thanks to the fresh and countless opportunities that these locations offer over traditional ones.


Vietnam is ready to supercharge its e-commerce market

The Vietnamese government has unveiled a national e-commerce development plan for Vietnam, which will see the sector growing by 25% each year to reach US$35 billion in sales within the next five years. This new, five-year e-commerce strategy aims to have over half of Vietnam’s 96 million population shopping online by 2025. The 2019 e-Conomy SEA report commissioned by Google and Temasek lists Vietnam as the second fastest-growing economy in Southeast Asia after Indonesia, with the e-commerce market expected expand 43% between 2015 and 2025, the target year of Vietnam’s e-commerce transformation plan.


GDP growth forecast upgraded after early lockdown ease

The Vietnam Institute for Economic and Policy Research (VEPR) has estimated national GDP growth for 2020 at 5.3 percent in the best-case scenario. In its recent report, the economic think tank has revised the country’s economy growth forecast from its previous report of 4.2 percent issued early April thanks to the early easing of social distancing restrictions in Vietnam. The country eased social distancing measures on April 22 and resumed most economic activities since early May.


Daiwa PI Partners invests $8m in Vietnamese cinema operator Beta Media

Japanese private equity firm Daiwa PI Partners has injected $8 million into Vietnamese cinema chain Beta Media in a deal that values the firm at 1 trillion dong ($43 million), per a company statement. Founded in 2014, Beta Media is the company behind Beta Cineplex, an operator of 12 cinemas across the country. The chain competes with other players such as CJ CGV, Lotte Cinema, BHD and Galaxy, among others.


Deals highlight VN-EU bilateral ties, global integration efforts

The National Assembly recently approved the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA). Deputy Minister of Foreign Affairs Bui Thanh Son answered the press on the agreements' impact on Vietnam-EU relations.


Dong Nai: Domestic investment up nearly 30% in five months

The southern province of Dong Nai attracted VND 15,400 billion (US$660 million) in domestic investment over the recent five months of 2020, up 29% against the same period last year. According to the province’s Department of Planning and Investment, 57 new projects were licensed with the total registered capital of more than VND13,900 billion (more than US$600 million) and four projects were added the capital worth VND1,450 billion (around US$60 million). 





















Dung Duong MRICS

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An Nguyen

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