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CBRE Vietnam Real Estate Spotlight – W26 – 2020


HCMC to complete 32 key transport projects in 2020, VN aims to keep inflation under 4 per cent while maintaining growth, Saigon metro faces delay as experts unable to enter Vietnam…



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    • The Terra – An Hung (Ha Dong District)

      • Total units: 1,320 units                        
      • Scale: 35.574 sqm
      • Unit size: 74.3 – 140.8 sqm (1 – 4 bedrooms)
      • Price*: from VND 23 million psm
    • Rose Town (Hoang Mai District)

      • Total units: 822 units                        
      • Unit size: 67.5 – 86.9 sqm (1-3 bedrooms)                            
      • Price*: from VND 26 million psm
    • Stellar Garden – Thanh Xuan District   

      • Total units: 368 units
      • Scale: 6,822 sqm
      • Unit size: 91.2 – 150.3 sqm (2 – 3 bedrooms)                                 
      • Price*: from VND30 million psm

* Prices included VAT

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    • The River Thu Thiem (District 2)  

      • Developer: Refico
      • Total units: 525 units                                                              
      • Unit size: 57 – 185 sqm (1 – 4 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


Vietnam's second-quarter GDP growth hits record low due to pandemic

Vietnam’s economic growth fell to its slowest pace in at least 30 years in the second quarter due to the impact of the coronavirus pandemic, putting the government’s 2020 economic targets well out of reach. Gross domestic product in the April-June period grew 0.36% from a year earlier, compared with an expansion of 6.73% in the same period last year, the General Statistics Office said in a statement on Monday.





Pandemic battle costs Vietnam $176 mln

Vietnam has spent hundreds of millions of dollars curbing Covid-19 and supporting those suffering from economic impacts posed by the pandemic. Tasks for preventing and fighting the pandemic has cost the country VND4.1 trillion ($176.84 million), Finance Minister Dinh Tien Dung said at an online government meeting Thursday. Vietnam sprung into action against the pandemic very early, as soon as reports of the outbreak came from China last December.




Saigon metro line 2 land acquisition falls behind schedule

The proposed construction of a parking lot and the Aeon Mall Hoang Mai Trade centre will soon be decided upon by the Hanoi People's Committee as Prime Minister Nguyen Xuan Phuc has approved the adjustment of the construction planning of the capital city. Covering an area of 6ha, the project would be located behind Giáp Bat Station in Dai Ki, Thinh Liet and Hoang Mai wards of Hoang Mai District. The area would be organised under the transit-oriented development (TOD) model closely linked with the national railway, the urban railway No 1, Giap Bat Station and Monorail M2.




Saigon metro faces delay as experts unable to enter Vietnam

Saigon’s first metro line could face further construction delays since 100 foreign engineers working on it have been unable to enter Vietnam. The experts work for Japanese contractor Hitachi, which is in charge of installing tracks and maintenance equipment and building trains for the Ben Thanh – Suoi Tien Metro Line, the HCMC Management Authority for Urban Railways (MAUR) said on Friday. Eighty two of them, from several countries, were scheduled to come in March to supervise the work, 18 Japanese were to have come last month with the first train for the line, but the pandemic kept both groups out.



Fitch Solutions revises up Vietnam’s 2020 GDP growth

Fitch Solutions have revised up its 2020 real GDP growth forecast for Vietnam slightly to 3 percent, from 2.8 percent previously. Vietnam’s real GDP was reported to grow by 0.4 percent year-on-year (y-o-y) in the second quarter of this year, its weakest since the series began in 2000, mainly due to a sharp slowdown in manufacturing growth and a contraction in services.




VN aims to keep inflation under 4 per cent while maintaining growth

Keeping inflation in check was among the top priorities for the Government this year, said Prime Minister Nguyễn Xuân Phúc at a meeting with the Steering Committee on Price Management in Hà Nội on Wednesday in which Government agencies and officials discussed price management for key commodities and services in 2020. The PM insisted on the importance of keeping inflation under 4 per cent, an objective set by the National Assembly (NA), saying the country must aim at maintaining growth, employment and social security. Meanwhile, Việt Nam must stay vigilant to prevent a second COVID-19 wave to protect public health.




Ba Ria-Vung Tau becomes hotspot for green growth

The southern province of Ba Ria-Vung Tau is now improving its business climate in order to attract more investment, with one of the focuses laid on wooing capital on developing green industrial parks. The province has since established 15 industrial zones with total investment of VND25 trillion ($1.09 billion). The presence of the industrial zones has given the province a boost in developing the local economy and infrastructure. The province’s development is oriented by commitment to collect projects which are set by large international institutions, applying high-end technology to meet the adequate standards of green environment. Additionally, Ba Ria-Vung Tau is focusing on its strength such as logistics and supporting industries like mechanics and petrochemicals.





HCMC to complete 32 key transport projects in 2020

In 2020, the HCMC Transportation Works Construction Investment Project Management Authority has set the construction targets for 59 projects and strives to complete 32 key road and bridge construction projects. Besides that, the agency will complete the procedures for approval, adjustment of 18 projects, the commencement procedures of 31 bidding packages and projects; submit key projects to the Ho Chi Minh City People's Council such as Ho Chi Minh City – Moc Bai Expressway, two bridges on N2 and N4 roads in Thu Thiem New Urban Area, two sections of Belt Road No.2,  An Phu Intersection, expansion project of National Highway No.50 , National Highway No.22 Improvement Project and Nguyen Khoai Bridge connecting District 1, 4 and 7.




















Dung Duong MRICS

Senior Director

T +84 286 284 7668



An Nguyen

T +84 24 6288 6379