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CBRE Vietnam Real Estate Spotlight – W36 2019

Saigon considers widening new road to airport, HCMC to hold design contest for underground commercial center, Dong Nai wants to transform Bien Hoa 1 industrial park into smart city…

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    • Imperia Sky Garden (Hai Ba Trung District)                             

      • Total units: 1,866 units
      • Scale: 7,847 sqm
      • Unit size: 57.91 – 105.2 sqm (2 – 3 bedrooms)                                 
      • Price*: from VND36 million per sqm
    • UDIC Westlake (Tay Ho District)                             
    • Total units: 416 units
    • Scale: 26,978 sqm land area
    • Unit size: 83.7 – 166 sqm (2 – 3 bedrooms)                                 
    • Price*: from VND36 million per sqm
    • Total units: 603 units
    • Scale: 24,775 sqm land area
    • Unit size: 91.25 – 154.54 sqm (2 – 4 bedrooms)                                 
    • Price*: from VND60 million per sqm
    • Total units: 368 units
    • Scale: 6,822 sqm
    • Unit size: 91.2 – 151 sqm (2 – 3 bedrooms)                                 
    • Price*: from VND32 million per sqm
    • Starlake Tay Ho Tay (Tay Ho District)                             
    • Stella Garden (Thanh Xuan District)                             

* Prices included VAT

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    • The Sóng Vung Tau

      • Developer: An Gia and Creed Group
      • Total units: 1654 units
      • Scale (GFA): 123,424 sqm
      • Unit size: 42 – 122sqm (1-3 bedrooms)
      • Compeltion: Q1/2020
    • Waterpoint                                               
    • Developer: Nam Long, NNR, TBS Group và Tân Hiệp
    • Total units: 1,150 units 
    • Scale:  355 ha

* 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



















Dung Duong MRICS

Senior Director

T +84 286 284 7668



An Nguyen

T +84 24 2220 0220







Vietnam’s Vingroup retail unit acquires supermarket chain Queenland Mart

Following the acquisition, the supermarket chain will operate as Vingroup’s VinMart outlets.

Queenland Mart membership will be transferred to VinID, the customer care service of conglomerate Vingroup. The number of VinMart supermarkets will increase to 120 after the deal. Combined with VinMart + convenience stores, Vingroup now has a total of 2,122 retail outlets.




Vietnam Airlines Receives Permission to Operate United States Flights

Vietnam Airlines (VN/HVN) has received permission from the United States Department of Transportation to begin flights between its hubs in Vietnam and the United States. The airline has also received fifth freedom rights for routes on which it will include a stopover between the two countries. 



GEC-KIP Fund bets big on real estate, backs Vietnamese startup Rever
Deal street Asia


Venture capital firm GEC-KIP Technology and Innovation Fund (GEC-KIP Fund), co-managed by Singapore-based Golden Equator Capital and Korea Investment Partners, has invested $2.3 million in Vietnamese proptech startup Rever. The investment marks the fund’s second proptech deal in Southeast Asia, and comes shortly after Rever received $4 million from VinaCapital Ventures.




Dong Nai wants to transform Bien Hoa 1 industrial park into smart city


Dong Nai People’s Committee has proposed repurposing 324 hectares of land at Bien Hoa 1 industrial park – the oldest IP in Vietnam – to build a smart urban area in its place. The plan to change the land use purpose of Bien Hoa 1 IP has been delayed for 10 years now because parties failed to negotiate a roadmap for compensation. The initial plan, under which the province was to shut down the IP by 2020, has failed after complications in administrative procedures. The province estimated that it may take VND15 trillion ($652.17 million) to switch the function of the IP.




HCMC to combat laundering in real estate
The HCMC Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing. 
The department asked the bodies to strictly follow regulations on customer identification, updating customer information, reviewing transactions and carefully monitoring transactions by high-risk customers.They were also told to send reports on suspicious transactions and reports on cash transactions worth VND300 million (US$12,800) or more to the Department of Housing and Real Estate Market Management under the Ministry of Construction and the State Bank of Viet Nam's Anti-Money Laundering Department.





HCMC to hold design contest for underground commercial center


HCMC will hold an international contest to choose the best design for an underground commercial center at the Ben Thanh station of the city’s metro line No.1, which is still under construction.According to the municipal government office, the city has assigned the Management Authority for Urban Railways of HCMC to draw up a plan to execute the underground commercial center project.The center should be finished at the same time as metro line No. 1, which is expected to be completed in the last quarter of 2021.





Factories asked to leave residential areas
The Saigon Times

The Ministry of Natural Resources and Environment has proposed factories, including Rang Dong Light Source and Vacuum Flask JSC’s facility, where a fire broke out on August 28, make plans to relocate, away from residential areas in major cities, such as Hanoi and HCMC, to avoid similar incidents.




Tay Ninh inaugurates largest solar power project in Southeast Asia

Dau Tieng solar power complex, the largest of its kind in Southeast Asia, was inaugurated in the southern province of Tay Ninh on September 7. The complex comprising DT1 and DT2 plants is the investment cooperation result between Vietnamese Xuan Cau Company and Thai Grimm Power Public Company with the total investment capital of VND9,100 billion (US$390.73 million). Built over 540 hectares of the semi-submerged area of Dau Tieng Lake, the 420MW complex will supply the national grid with about 688 million kWh of electricity a year





Hanoi-Nhon elevated railway to be completed by 2022

The Hanoi Metropolitan Railway Management Board (MRB) has said that the trains for the Hanoi Station-Nhon route are being assembled in France and will arrive in Vietnam by July 2020 to be ready for operation by April 2021.
Meanwhile, the implementation of the elevated railway has been going slowly because of the lack of capital.








Saigon considers widening new road to airport

To cope with the traffic expected when a third terminal is built, the city’s appraisal board has proposed increasing the cost of the Tran Quoc Hoan-Cong Hoa road project from VND1.4 trillion ($60.2 million) to VND4.8 trillion ($206.5 million). In 2016 authorities had proposed making it a four-lane road. The road will be constructed by 2024 alongside the existing Tran Quoc Hoan Road. The Tran Quoc Hoan-Cong Hoa road, to the south of Tan Son Nhat International Airport, will run 4.4 kilometers with its width ranging between 29.5 meters and 48 meters. It will have two tunnels.