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CBRE Vietnam Real Estate Spotlight – W33 – 2020

HCMC cuts costs for first BRT route, Vietnam mulls new 130 km Mekong Delta expressway , Shares in hoteliers Accor, IHG rise after reported merger interest…

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    • Five Star Westlake (Tay Ho District)                           

      • Total units: 32 units
      • Scale: 2,665 sqm land area
      • Unit size: 126 – 600 sqm (2 bedrooms, Duplex, Penthouse)                                 
      • Price*: from VND53 million per sqm
    • Mipec Rubik360 (Cau Giay District)                                 
    • Total units: 976 units     
    • Scale: 41,000 sqm                                                  
    • Unit size: 53.3 – 125.1 sm (2 – 4 bedrooms)                                 
    • Price*: from VND41 million psm      
    • Total units: 1320 units                        
    • Scale: 35.574 sqm
    • Unit size: 74.3 – 140.8 sqm (1 – 4 bedrooms)
    • Price*: from VND 22.5 million psm
    • The Terra – An Hung (Ha Dong District)

* Prices included VAT

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* 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

Australian firm to invest $350 mln in Vietnam logistics real estate
VnExpress

Logos plans to invest $350 million in the logistics real estate segment in Vietnam to take advantage of rising demand in the country. It has established Logos Vietnam Logistics Venture, a joint with an unidentified global investor. Logos said in a statement that it wants to develop logistics real estate in Ho Chi Minh City, Da Nang and Hanoi to cover the entire country.

 

 

Shares in hoteliers Accor, IHG rise after reported merger interest
Reuters

Shares in France’s Accor (ACCP.PA) rallied on Thursday after Le Figaro newspaper reported it had examined a potential merger with British rival InterContinental Hotels (IHG) (IHG.L) that would create the world’s biggest hotel group. The hospitality sector has been hit hard by the coronavirus crisis as travel dwindles, forcing many hotel owners to temporarily halt bookings and shore up their finances. Le Figaro said no formal approach had been made by Accor, which is behind brands such as Ibis and Movenpick, to IHG, which owns Holiday Inn and Crowne Plaza. Based on current prices, a combined firm could have a market value of about $17 billion.

 

Consult foreign investors on new city, HCMC told
VnExpress

Deputy PM Truong Hoa Binh has asked HCMC to consult foreign investors on its plan to transform three eastern districts into an ‘innovative urban area.’ The government has agreed in principle to a Ho Chi Minh City proposal to merge its three eastern districts – Thu Duc, 9 and 2 into one administrative unit, temporarily called the "Thu Duc City."

 

 

HCMC, Dong Nai discuss construction planning of Cat Lai Bridge
SGGP

HCMC and Dong Nai Province agreed on two plans for the construction. For the first plan, the Cat Lai Bridge running from My Thuy Intersection on Nguyen Thi Dinh Street in District 2 passes through Dong Nai River towards Cat Lai Port. Under the option, the bridge is expected to have four, six or eight lanes for vehicles. For the second plan, the Cat Lai Bridge stretching from the Ring Road 2, at 450 meters far from Phu My toll station and over one kilometer from My Thuy Intersection passes through Ky Ha Canal in District 2 and the Dong Nai River towards Cat Lai Port. Under the option, bridge is designed with six or eight lanes for vehicles.

 

Vietnam mulls new 130 km Mekong Delta expressway 
VnExpress

Vietnam plans to build a 130-kilometer expressway linking the southern localities Can Tho City and Ca Mau Province in the 2021-2025 period. Prime Minister Nguyen Xuan Phuc recently tasked the Ministry of Transport to study the feasibility of constructing the four-lane Can Tho – Ca Mau Expressway to improve connectivity in the Mekong Delta region. The first section, between Can Tho City and Bac Lieu Province, will be built using public funds, while the second, from Bac Lieu to the most southern province of Ca Mau, will be built under the public-private-partnership (PPP) model.

 

 

New ways of foreign investment attraction needed
SGGP

The representative of Samsung Vietnam recently confirmed that it is not true that Samsung may transfer a part of its smartphone production from Vietnam to India. Samsung's factories located in Bac Ninh and Thai Nguyen provinces are operating normally and Samsung Vietnam continues to be the group's global production base. However, India is indeed inviting giant tech corporations with the greatest preferential treatment ever. More than a month ago, this country announced a special package of preferential production policies, worth up to $5.5 billion, to support five mobile phone manufacturing companies with an accumulated investment of over $133 million in four years, counting from April, and revenue posting growth year by year.

 

 

HCMC cuts costs for first BRT route
Vietnamplus

Investment for HCMC’s first Bus Rapid Transit (BRT) route extending 25km between the city’s eastern and western sections has been cut by US$13 million to US$143 million by the municipal People’s Committee. The decision was made after the city reviewed all of the project’s related costs. The People’s Committee has also asked the Prime Minister to extend project implementation until 2023 instead of 2019 as planned.

 

 

Tax officials reduce inspections to help businesses amid COVID-19
Nhandan

After collecting US$11.6 million from violations since early 2020, the General Department of Taxation (GDT) said it would reduce regular tax checks at businesses to help them focus on production to overcome the COVID-19 pandemic. The GDT said it had collected more than VND269 billion (US$11.6 million) from their recent inspections and examinations of 104 enterprises across the country. According to the tax officials, most of the violations were found in associated transactions and value added tax refunds.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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