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CBRE Vietnam Real Estate Spotlight – W24 – 2021

Vietnam urged caution on credit for property market, Alibaba.com to inject new energy to Vietnamese SMEs in digitalisation, Five-month ODA disbursement at localities meets 1.73% of yearly targets…

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    • FLC Premier Parc (Low-rise) – Ha Dong District

      • Total units: 693 units
      • Scale: 64,077 sqm
      • Unit size:

        • 82 – 126 sqm (Villa)
        • 90 – 154 sqm (Shophouse)
        • 106 – 132 sqm (Detached Villa)
      • Price*: average VND 111 million psm
    • Xanh Villas (Low-rise) – Thach That District                     
    • Total units: 341 units
    • Scale: 45 ha                                                  
    • Unit size: 200 – 1,400 sqm (Villa)       
    • Price*: from VND 25 million psm  
    • Scale: 12 Apartment Buildings                                            
    • Unit size: 28 – 75 sqm (studio, 1-3 bedrooms)       
    • Total units: 281 units
    • Scale: 3,153sqm                                                  
    • Unit size: 80 – 140sqm (2-3.5 bedroom)       
    • Price*: from VND 55 million psm    
    • Vinhomes Smart City – The Metrolines – Nam Tu Liem District                     
    • Hateco Laroma – Dong Da District                     

* Prices included VAT

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    • Lumière Riverside (District 2)

      • Developer: Masterise Homes
      • Total units: 4 towers                                                               
      • Unit size: 1 – 4 bedrooms, Shophouse, Duplex, Penthouse
    • Masteri Centre Point (District 9)  
    • Developer: Masterise Homes
    • Total units: 10 towers                                                               
    • Unit size: 1 – 4 bedrooms
    • Developer: Gia Khang
    • Total units: 2,000 units
    • Unit size: 53.8 – 102.8 sqm
    • King Crown Infinity (Thu Duc District)

* 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

Vietnam urged caution on credit for property market
VnExpress

HSBC has advised Vietnam to be cautious about provision of credits for its property market, considering it fraught with risk. The bank says caution is needed despite the sector making an important contribution to the country’s Gross Domestic Product (GDP). In it regular June report, the HSBC notes that property prices, especially in the luxury segment in Vietnam's big cities, have increased over the past two years. Last year, prices of luxury apartments climbed up 9 percent year-on-year, while those in affordable and mid-end segment rose 4-5 percent.

 

Alibaba.com to inject new energy to Vietnamese SMEs in digitalisation
Bizhub
Alibaba.com, the global business-to-business (B2B) e-commerce platform of Alibaba Group has organised an online summit to offer Viet Nam 'The New Boom' products and services to accelerate Vietnamese SMEs in digitalisation. Global trade has been largely undermined while e-commerce and online B2B trading proved to be the key to success, Alibaba.com continues to bring more business opportunities to Vietnamese SMEs in “the new normal” in 2021. 

Five-month ODA disbursement at localities meets 1.73% of yearly targets

The disbursed amount of public investment funded by official development assistance (ODA) in localities in the first five months of this year stood at only over VND1.1 trillion (US$47.9 million), equivalent to just 1.73% of the year’s target, according to the Ministry of Finance (MoF). As many as 37 out of 63 provinces and cities have not yet disbursed any capital and 15 provinces and cities have a disbursement rate of 3 percent. The information was revealed at an online conference on June 14 between the ministry and localities to accelerate disbursement of ODA-funded public investment.

HCMC to auction land plots in Thu Thiem area

The People’s Committee of HCMC has approved an auction for the plots of land 3-8 located in the Functional Area No 3 in the Thu Thiem New Urban Area in Thu Duc City’s An Khanh Ward. The plots cover a total area of around 8,568.1 square meters, belonging to the plot number 11, map sheet number 64. The land-use purpose is residential housing projects that are not associated with the commercial services while land use term is 50 years.

 

HCM City to prioritise investment for rail and BRT projects

HCMC will prioritise investment for metro lines that are being implemented and other new projects under the development plan for railway and green transport development (BRT) projects for 2021-2025 period. Specifically, the city will complete and put into operation 19.7km-long metro line no.1 linking Ben Thanh Market and Suoi Tien tourist park and deploy the construction of 11.32km-long metro line No. 2 linking Ben Thanh Market  and Tham Luong.

ACV asks to borrow US dollars for Long Thanh airport project
Vietnamplus
The State-run Airports Corporation of Vietnam (ACV) has said it wants to borrow US dollars from local banks for the country's largest airport project, Long Thanh International Airport in southern Dong Nai province. ACV Chairman Lai Xuan Thanh sent a report to the Economic Committee of the National Assembly, asking them to support the plan of borrowing and paying in US dollars in order to maximise benefits and efficiency. Thanh said as the interest rate in the foreign currency was lower than the Vietnamese dong, it would help the firm to save on costs.

Amazon, Alibaba race to recruit Vietnamese merchants
VnExpress
Global giants Amazon and Alibaba are racing to recruit more Vietnamese vendors on their platforms seeking to boost their share of a booming e-commerce market. Amazon saw the number of Vietnamese merchants exporting at least $1 million worth of goods from Vietnam triple last year. The surge was driven by demand for tools, kitchenware, handicrafts, home goods, and apparel.

Vietnam’s first cargo airline hopes to fly high
VnExpress
IPP Air Cargo, Vietnam's first cargo airline, would fly to 16 local destinations and a number of foreign ones, and break even in three years, its chairman told VnExpress. To be established next year by retail company Imex Pan Pacific Group (IPPG), which distributes over 100 global luxury brands in Vietnam, it would carry goods from Noi Bai airport in Hanoi and Tan Son Nhat in HCMC to the other local airports, Jonathan Hanh Nguyen, Chairman of both IPPG and IPP Air Cargo, said.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 6288 6379

an.nguyen@cbre.com