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CBRE Vietnam Real Estate Spotlight – W28 – 2020

US, Vietnam ties have never been better, Central Retail Vietnam revenues surpass US$1.1 billion after rapid expansion, SPG Invest wants to pour investment into industrial park in Can Tho…

  • New launched

    • Imperia Smart City (Nam Tu Liem District)

      • Total units: 699 units                        
      • Unit size: 30.5 – 76.2 sqm (1 – 3 bedrooms)                            
      • Price*: from VND 38 million psm
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  • Le Grand Jardin – G3 Central Garden (Long Bien District)

    • Total units: 1,120 units  
    • Total building: 9 buildings
    • Unit size: 49.9 – 105.1 sqm (2 – 3 bedrooms)                         
    • Price*: from VND 28 million psm
  • Vinhomes West Point – W2 & W3 Buildings (Nam Tu Liem District)                             
  • Total units: 904 units  
  • Unit size: 35.6 – 139.1 sqm (1 – 4 bedrooms)                                 
  • Price*: from VND53 million per sqm
  • Total units: 616 units                        
  • Unit size: 30.4 – 106.7 sqm (1 – 3 bedrooms)                            
  • Price*: from VND 40 million psm
  • Vinhomes Smart City – Sapphire Parkville S4.02 (Nam Tu Liem District)

* Prices included VAT

  • No New Launch
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    • The River Thu Thiem (District 2)

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

* 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

Pandemic lowers incomes of 90 pct of Vietnamese
VnExpress

The COVID-19 pandemic has reduced the incomes of 90 percent of Vietnamese, forcing many to cut spending, a survey has found. Half of 500 respondents polled said their income had dropped by over 20 percent, the survey by French market research company Ipsos released Friday said. Most of them were unskilled laborers. Seventeen of percent of respondents with low incomes – of under VND7.5 million ($323) a month – said their family had to cut down on spending on tourism, eating out, clothes, and electronics.

 

 
 

 

HCMC seeks to sort out mess over apartment maintenance funds
VIR

The HCMC Department of Construction wants the People’s Committee and Ministry of Construction to enact coercive regulations to ensure apartment developers promptly hand over maintenance funds paid by buyers to apartment managements. The country has more than 4,420 apartments, and the managements of around 1.5 per cent of them have disputes with the developers over the maintenance funds. The current regulations related to the funds are unclear, according to the department.

 

 

RoK to help Vietnam study feasibility of second-phase of Metro Line No 5 in HCMC
Vietnamplus

The Korea International Cooperation Agency (KOICA) has confirmed its support for a feasibility study of the second phase of HCM City’s Metro Line No 5. According to the city’s Management Authority for Urban Railways (MAUR), the assistance will go to the building of a strategy for transit-oriented development (TOD), a type of urban development that maximises the amount of residential, business, and leisure space within walking distance of public transport. KOICA will also help with raising human capacity via workshops and training in the Republic of Korea.

 

 

SPG Invest wants to pour investment into industrial park in Can Tho
Vietnamplus

Australia-based SPG Invest wants to pour investment into an industrial park in the Mekong Delta city of Can Tho to help its customers set up plants in the locality. This was stated by Simon Wong, Director of SPG Land Real Estate Development Ltd., Co. under SPG Invest, during a meeting with representatives of the municipal People’s Committee on July 17. Founded in 1998, SPG Invest (SPG) is an international real estate group dedicated to investing in high-end real estate, premium hospitality, urban infrastructure as well as smart technology for smart cities.

 

 

Real estate expert proposes policy allowing foreigners to own land
VIR

A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, according to Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association. 

 

 

 

Vietnam weighs regular flights to six foreign destinations in August
Tuoitre

The proposal came after the prime minister recently agreed to resume commercial flights to and from China after months of closure due to the coronavirus disease (COVID-19) pandemic. According to the CAAV, foreign airlines such as Cathay Pacific and Singapore Airlines have been operating international flights to and from Vietnam since June. Vietnam Airlines has also maintained a regular flight schedule between the country and South Korea. Since July, Emirates Airlines, Qatar Airways, China Airlines, Eva Airways, Asiana Airlines, and Korean Air have operated regular flights to and from Vietnam. However, these were either cargo or passenger flights for special groups, including Vietnamese citizens stranded abroad, diplomats, and experts.

 

 
 

 

Central Retail Vietnam revenues surpass US$1.1 billion after rapid expansion
Insideretail.asia

Thai retail conglomerate Central Group plans to cover 90 per cent of Vietnam’s provinces within five years via subsidiary Central Retail. Central launched in Vietnam in 2012, initially with fashion merchandising before taking stakes in local electrical appliance chain Nguyen Kim (which it now owns 81.5 per cent of) and Lanchi Mart supermarket in 2015. As of last month, Central Retail Vietnam operates 35 malls (most anchored by Big C hypermarkets) and 230 stores across 39 out of the nation’s 63 provinces. It is the largest multinational retail company operating in Vietnam with a customer base of about 12 million and revenues of US$1.17 billion last year. The country already accounts for about 20 per cent of the parent company’s sales.

 

 

US, Vietnam ties have never been better
Asiatimes

Panegyrics were expressed all around when the United States and Vietnam marked the 25th anniversary of diplomatic relations, a remarkable reconciliatory event between the former bitter adversaries. Vietnam is now regarded as America’s closest ally in Southeast Asia, while Washington regularly goes out of its way to champion Hanoi and improve its international standing.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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