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CBRE Vietnam Real Estate Spotlight – W25 2018

Van Don Airport to be operational in December, Alpha King to change HCMC skyline, HCMC to build VND5-trillion bridge to Can Gio…

 


  • 1 New Launched:

    • Golden Park (Cau Giay District)

      • Total units: 368 units
      • Scale: 4,576 sm land area 
      • Unit size: 82.6- 132.5 sm (2 – 3 bedrooms)
      • Price*: from VND 37 million psm
  • Advertisement:
  • TNR GoldSeason (Thanh Xuan District)                              

    • Total units: 1,475 units
    • Scale: 22,371 sm land area                                                              
    • Unit size: 64- 101 sm (2- 3 bedrooms)                                  
    • Price*: from VND 32 million psm
  • Anland Complex (Ha Dong District)                                               
  • Total units: 533 units                                                               
  • Scale: 7,059 sm land area
  • Unit size: 53.38 – 90.82 sm (2 – 3 bedrooms)                                   
  • Price*: from VND 24 million psm


* Prices included VAT

  • Advertisement:

    • La Cosmo Residence (Tan Binh District)

      • Developer: An Gia Hung
      • Total units: 917 units (condos)
      • Scale: two 25- floor blocks
      • Unit size: 76- 126 sm ( 1- 3 bedrooms)
    • South Gate Tower (District 7)
    • Developer: Hong Ha
    • Total units: 350 units (Condos only)
    • Scale: two 29-floor blocks

Unit size: 53 – 119 sm (1 – 3 bedrooms)

 

HCMC to build VND5-trillion bridge to Can Gio

The Saigon Times

The HCMC People’s Committee has decided to evaluate architectural designs for Can Gio Bridge with total investment reaching VND5.3 trillion (excluding site clearance and land compensation costs) as a replacement for the Binh Khanh ferry, aiming to connect the central city with Can Gio District. Can Gio Bridge is set to start at the intersection between Street 15B and Street No.2 in Nha Be District’s Phu Xuan urban area, crossing the Soai Rap and the Cha rivers to Can Gio Mangrove Biosphere Reserve, also known as Rung Sac. The bridge is 7.4 kilometers long, 24.5 meters wide and has a permitted speed of 60 kilometers per hour, with four traffic lanes serving motor vehicles and two lanes for all vehicles.

 

 

 

Alpha King to change HCMC skyline
VnEconomic Times

Alpha King Real Estate has prepared the launch of two projects in prime locations on HCMC’s Tran Hung Dao Street in District 1: the Alpha Town office block and the Alpha City premium integrated development. Alpha Town will be the only 35-storey Grade A office block built by a foreign developer in the city’s prime CBD, just minutes away from the central bus station and future metro station and surrounded by major attractions such as Ben Thanh Market, Saigon Square, and Nguyen Hue Walking Street. The project features a generous 2,000 sq m gross floor area (GFA), along with a meter-high ceiling, providing full views of the city. It will be the first office block in Vietnam to apply the most advanced technology in the world, such as facial recognition and guest enrolment systems. Built for the purpose of altering the view of real estate investment in Vietnam, Alpha City is a premium integrated development comprising residential and retail space. The project sits on one of the last few remaining freeholds in District 1. In order to provide a comfortable and safe living environment, Alpha King’s projects are equipped with state-of-the-art technology such as Building Information Modeling (BIM) and Smart Building (SMART), which also help in the management of design, construction, operations, and marketing.

 

North-South expressway of Nha Trang – Cam Lam province invested 76 billion VND per km

SGGP

The HCMC Highway Administration Board has just submitted to the Ministry of Transport for appraisal and approval of the feasibility study report on the North-South expressway construction project in the eastern part of Nha Trang – Cam Lam. According to the report, the project is 29km long, passing through two districts of Dien Khanh and Cam Lam, Khanh Hoa province, built on a 6-lane road, of which the diverging phase is four lanes, 17 m wide. Design speed of 120 km per hour. On the route, there will be two interchanges connecting Dien Khanh (Km5 + 783) and Suoi Dau intersection (connecting with National Road No. 1, Provincial Road No. 3). The project has a total investment of VND4,059 trillion, of which state budget support is VND3,219 trillion and BOT investment capital is VND774.5 billion. With the construction cost of about VND2,203 billion, the average investment rate of the project is VND 76 billion per km. 

 

 

Hanoi to launch an array of large-scale real estate projects
Hanoi Times

Hanoi has handed over investment certificates to 71 projects, with many large-scale real estate projects. The projects belong to the fields of transportation, environment, industry – commerce – service – tourism – entertainment sports, housing, urban area, education and training. Among the 30 real estate projects, five stood out, which are: – Smart city project in Hai Boi commune, Vinh Ngoc, Dong Anh; Nidec Shimpo Vietnam project invested by Japan's Nidec Corporation; A Lotte Mall trade center invested by Lotte Group; Tay Mo – Dai Mo Urban Area Project, Nam Tu Liem district and Gia Lam Urban Area, Gia Lam District.

 

 

Van Don Airport to be operational in December
The Saigon Times

The HCMC Highway Administration Board has just submitted to the Ministry of Transport for appraisal and approval of the feasibility study report on the North-South expressway construction project in the eastern part of Nha Trang – Cam Lam. According to the report, the project is 29km long, passing through 2 districts of Dien Khanh and Cam Lam, Khanh Hoa province, built on a 6-lane road, of which the diverging phase is 4 lanes, 17 m wide. Design speed of 120 km/g. On the route, there will be two interchanges connecting Dien Khanh (Km5 + 783) and Suoi Dau intersection (connecting with National Road No. 1, Provincial Road No. 3). The project has a total investment of 4.059 trillion dong, of which state budget support is 3.219 trillion dong and BOT investment capital is 774.5 billion dong. With the construction cost of about VND2,203 billion, the average investment rate of the project is VND 76 billion / km. 

 

 

Mekong Delta land erosion set to worsen, residents warned

VnExpress

Upstream projects on the Mekong River have made a bad problem much worse. It was said that there were 562 erosion locations with total length of 786 kilometers. This included 55 “critically dangerous” locations that are 173 kilometers long, 140 “dangerous” locations 97 kilometers long, and 367 “normal” erosion spots 516 kilometers long. As part of efforts to tackle the problem, the ministry recently launched an online map to track land erosion so that timely measures, both short and long term, can be taken. The map is expected to help local authorities warn citizens sooner, and help promote prevention efforts.

 

 

Feasibility studies completed for several southern expressway projects

Deal Street Asia

Three projects to build the southern sections of the North-South Expressway have had their feasibility studies (FS) completed and submitted to the ministry for appraisal and approval. These sections are Dau Giay-Tan Phu, Nha Trang-Cam Lam and Vinh Hao-Phan Thiet. In addition, a project to build a northern section linking Ninh Binh and Thanh Hoa has also had its FS completed. The north-south expressway project was earlier approved for investment by the National Assembly.

 

Saigon’s new Mien Dong Bus Station plagued by sluggish construction

Tuoitre News

The inauguration of HCMC’s new Mien Dong (Eastern) Bus Station will be delayed until at least the end of this year, moving the opening day more than ten months behind schedule due to sluggish construction progress. The groundbreaking ceremony for the Mien Dong Bus Station was held in April 2017 for what was expected to be an approximately eight-month project. Site clearance delays pushed the planned completion back to Vietnam’s Lunar New Year, held in mid-February of this year. Now, nearly four months after the second deadline, the project’s completion still seems far from sight.

 

 

FDI into Vietnam approximates US$10 billion in five months 

VOV

Total FDI capital poured into new and existing projects and used to contribute capital and buy shares in domestic companies reached US$9.9 billion in Jan-May, down 18.3% year on year.

 

 

S Korean’s cinema chain CJ CGV plans IPO for Vietnamese unit 

Deal Street Asia

South Korea’s CJ CGV aims to list its Vietnamese arm CGV Vietnam on the Korean Stock Exchange to raise fresh capital to strengthen its leading position in the Southeast Asia market. CJ CGV was said to send a preliminary application for IPO to the Korean Exchange. That would make CJ CGV the fourth Korean company to float its foreign affiliate on the stock market. Founded in June 2004, CGV Vietnam is now the largest cinema operator in Vietnam with a 45.3 per cent market share in the first quarter. Its Vietnamese arm posted a net profit of 8.3 billion won ($7.55 million) on a consolidated basis last year. It owns 337 screens in 55 cinemas across the country.

 

 

 

Central EZs face lacklustre future

Vietnam News

Experts have predicted a lacklustre future for a chain of economic zones (EZs) built more than a decade ago in the central region. Instead of working together for common benefits, these EZs are competing against each other. The current situation is the result of a condensed distribution of EZs in the region as well as similarities in their functional operations. The region is a narrow stretch of land running along 1,900km of coastline, including 14 localities ranging from Thanh Hóa to Bình Thuận. Each locality has one EZ, except Ninh Thuan and Binh Thuan. Experts also called for a separate governing body for EZs, working independently from the localities’ people’s committees, with an aim of infusing life into a dull economy.

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Director

T +84 8 3824 6125

dung.duong@cbre.com

 

An Nguyen
Director

T +84 4 2220 0220

an.nguyen@cbre.com

 

 

 

Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market.

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