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CBRE Vietnam Real Estate Spotlight – W37 2019

Runways, taxiways in Noi Bai, TSN need urgent upgrade: ministry, HCMC supports Lotte’s efforts to resume project in Thu Thiem, South Korean investors unveil smart urban area plans for Long An Province… 


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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

  • No New Launch                  
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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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 2220 0220

an.nguyen@cbre.com

 

 

 

 

 

Central bank cuts interest rates by 0.25 percentage points

The annual refinancing rate, rediscount rate, overnight electronic interbank rate, rate of loans to offset capital shortage in clearance between the central bank and domestic banks, and rates for financial instruments traded under the bank’s open market operations (OMO) will be cut by 0.25 percentage points each from September 16.
This is the first time the central bank has cut interest rates since October 2017. 

 

 


 

GIC-led consortium invests $500m in Vietnamese conglomerate Vingroup
DealstreetAsia

The consortium has acquired a minority stake in VCM Services and Trading Development Joint Stock Company, a unit of Vingroup that was recently established to oversee its operations of supermarket and convenient store chains. Following the transaction, Vingroup will continue to be the controlling shareholder of VCM, GIC said in a statement. “As a long-term investor, GIC is confident in the growth outlook for disposable incomes and household consumption in Vietnam,” it added.


 

 

First Holiday Inn Hotel in Vietnam opens in HCMC
VIR

 

InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, on September 9 announced the grand opening of the 350-room Holiday Inn & Suites Saigon Airport, the first Holiday Inn in Vietnam.
The hotel features 350 well-appointed rooms, including 100 spacious suites, all of which feature city or pool views. The fourth-floor lifestyle zone offers comfortable lounges, a 50-metre swimming pool, and a 24-hour gym while the Kids Stay & Eat Free programme and Kid’s Activity Room make the hotel a wonderful option for families.

 

 

 

Real estate bonds attract lowest investor interest

VnExpress

Seven percent of real estate bonds issued in the first eight months of the year were bought, the lowest ratio among all sectors. 44 real estate firms issued VND47.8 trillion ($2.06 billion) worth of bonds between January and August, according to a recent report by stock brokerage firm Saigon Securities Inc.
Although real estate bonds have an average interest rate of 10 percent a year, higher than that of bank bonds at 6.7 percent, the later still had a success rate of 99.6 percent, the report said.

 

 

 

Gaming firm VNG loses entire investment in Tiki
E-commerce platform Tiki’s losses have wiped out a total of VND506 billion ($22 million) gaming firm VNG had invested in it. As of June 2019, VNG had suffered a cumulative loss of $22 million of its 24.6 percent shareholding in Tiki, according to the gaming firm’s recently released audited semi-annual financial statement.

 

 

 

 

South Korean investors unveil smart urban area plans for Long An Province
VIR

 

With its excellent geographical location for trade and economic development and the potential to become the country’s leading agricultural hub, Long An Province is ideal for developing a smart urban area, according to experts.

 

 

 

 

HCMC supports Lotte’s efforts to resume project in Thu Thiem
The Saigon Times

 
The HCMC government will propose the prime minister allow South Korean conglomerate Lotte Group’s Lotte Asset Development Co., Ltd, to continue executing the Eco Smart City project on Thu Thiem Peninsula in District 2.
The HCMC government initially allowed Lotte to develop the Eco Smart City project with an estimated investment of more than US$2 billion but the investment was later downgraded to US$900 million. The project was also redesigned to cover some five hectares of land.

 

 

 

Express delivery market gathers speed

Ride-hailing giant Grab has followed Russian delivery firm Dostavista and local ride-hailing app Be to invest in express delivery services.

In the beginning of August, Grab signed a strategic partnertship agreement with budget carrier Vietjet Air, tech-based courier Swift247 to launch an integrated express digital platform that provides delivery solutions by ground and air in Southeast Asia.

The new service would allow goods to be delivered between Hanoi and HCMC in as little as five hours, Vietjet had said in a statement.


 

 

 

 

Vietnam’s climb up the ladder of sustainability
VIR

In pursuit of sustainable development, Vietnam has been carrying out activities to implement the United Nations’ Sustainable Development Goals, which will fuel the country in reaching its high growth target in the following years.


 

 

 

 

 

 

 

Runways, taxiways in Noi Bai, TSN need urgent upgrade: ministry
The Saigon Times

The Ministry of Transport has called for funds to renovate and upgrade the deteriorating runways and taxiways of the Noi Bai and Tan Son Nhat international airports due to the increased risk they pose to aircraft using them.
The Airports Corporation of Vietnam has funded minor repairs of the damaged infrastructure, but this is a temporary fix, according to the ministry.


 

 

 

 

 

 

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