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CBRE Vietnam Real Estate Spotlight – W34 2018

Vingroup to raise US$400 million by selling shares to Hanwha Asset Management, FLC Group launches Bamboo Airways, Hanoi to build smart parking lot in Hoang Mai district…


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    • Sky Central (Hoang Mai District)

      • Total units: 902 units
      • Scale: 13,462 sm land area
      • Unit size: 65 – 105 sm (2 – 3 bedrooms)
    • Price*: from VND 26 million psm
    • TNR Goldmark City (North Tu Liem District)
    • Total units: ~ 5,000 units 
    • Scale: 113,996 sm land area
    • Unit size: 68 – 161 sm (2 – 4 bedrooms)
    • Price*: from VND 27 million psm
    • Total units: 1,218 units
    • Scale: 38,609 sm land area
    • Unit size: 67 – 105 sm (2 – 3 bedrooms)
    • Price*: from VND 23 million psm
    • Ecolake View (Hoang Mai District)


* Prices included VAT

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    • Heaven Riverview (District 8) 

      • Total units: 960 units                                                               
      • Scale:  16.939,8 sm land area
      • Unit size: 50.37 – 68.68 sm (1 – 2 bedrooms)                                   
      • Price*: from VND 20-22 million psm
    • Charmington Iris (District 4)
    • Total units: 1,438 units                                                               
    • Scale: 16,645 sm land area
    • Unit size: 45 -122 sm (1 – 3 bedrooms)                                   
    • Price*: from VND 52 million psm

* Prices included VAT

 

Vingroup to raise US$400 million by selling shares to Hanwha Asset Management

Hanoi Times

Vingroup will issue 84 million convertible dividend preference shares to the South Korean fund at a price of VND110,976 (US$4.76) apiece. Vingroup's charter capital is expected to increased by VND840 billion (US$36.08 million) to VND32.75 trillion (US$1.4 billion) after the issuance. 

 

 

 

Thai retailer Central to splash $500m on Vietnam expansion

Nikkei Asian Review

Central Group has already invested US$1.5 billion in Vietnam since 2012 and plan to invest another US$500 million in the next five years, from 2018 to 2022. Store penetration year to date in total is 250 stores nationwide and it plan to reach 720 stores in the next five years, or by 2022.

 

 

FLC Group launches Bamboo Airways
 

Vietnam Economic Times

The FLC Group officially launched Bamboo Airways on August 19. Established in 2017, Bamboo Airways has charter capital of VND700 billion ($31.1 million) and is a pioneer in the hybrid model. In its first year of operations, Bamboo Airways is expected to operate eight to ten routes to priority domestic destinations. In subsequent years it will add more international routes and by 2023 will open long-haul routes to the US, Europe and Africa.

 

 

PHI Group enters competition in Vietnamese real estate market

VIR

Recently, PHI Group has signed a Memorandum of Understanding (MoU) for a comprehensive cooperation to partner up with Hanoi MHD. Through the co-operation, PHI Group is expected to establish solid operations in the real estate market and development in Vietnam.

 

 

Hanoi to build smart parking lot in Hoang Mai district

Hanoi Times

The Hanoi People's Committee is going to select investors to implement a smart parking project in Den Lu urban area, Hoang Van Thu ward, Hoang Mai district. The parking lot will be built on an area of 1,155.3m2 and have a system of automatic high-rise parking. It will be able to handle 116 vehicles at the same time. The project is estimated to cost about VND25 billion (US$1.08 million) from non-state budget.

 

 

Halong – Haiphong expressway opened on 31/08

NDH

Expected on August 24, the State Council will test the whole project. If all the conditions are qualified, the Expressway will be put into operation on September 2. Started construction in early 2015, the project includes two component projects: Bach Dang Bridge, the road, the intersection of the end of the route and the road connecting Ha Long City with Bach Dang Bridge. Total length of the route is 24.6km with total investment of more than 13,000 billion.

 

Request on Tan Son Nhat Airport expansion plan completion prior to September 2nd

NDH

The Vietnam Civil Aviation Authority, Vietnam Airlines Corporation (ACV) and related agencies were required to complete the Tan Son Nhat airport expansion plan before September 2nd. According to the plan, a passenger terminal will be built to the South of Tan Son Nhat in order to serve 20 million passengers per year and raise the capacity to at least 50 million passengers per year. Also, new cargo terminal, aircraft parking area, and maintenance area will be added to the North, where the current golf course is located.

 

 

New industrial cluster to be developed in Dung Quat EZ
 

Saigon Times

Six Korean companies will invest more than US$11 million in Dung Quat Economic Zone in Quang Ngai Province to create a new industrial cluster, covering some 65,000 square meters, in the zone. The six companies are Samshin Valve Vina; Yoobong Vina; Wookwang Vietnam; Kwang Jin Vietnam; Hanbit P&L Vina; and Nasan Electric Industries.

 

 

Binh Phuoc licenses 24 projects worth $1 billion
 

VIR

The Binh Phuoc People’s Committee has granted investment licenses to 10 foreign invested      projects and 14 locally-invested projects with the total investment capital of $1.13 billion.

 

 

Bac Ninh licenses 116 FDI projects in seven months

VIR

The northern province of Bac Ninh licensed 116 new foreign direct investment (FDI) projects worth US$332.5 million in the first seven months of 2018. The province also allowed 69 existing FDI projects to increase their capital by $536.7 million and revoked 14 projects with investment capital of more than $149.6 million.

 

 

 

 

 

 

 

 

 

 

 

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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