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CBRE Vietnam Real Estate Spotlight – W39 – 2020

Metro coaches placed on tracks, New $200 mln roads proposed for Long Thanh Airport, Newly-built coach station in HCMC officially opened to the public, …

  • One New Launched

    • The Nine – Cau Giay District

      • Total units: 350 units
      • Scale: 5,190 sqm    
      • Unit size: 75 – 162 sqm (2 – 3 bedrooms)  
      • Price*: from VND 40 million psm             


    • UDIC West Lake – Tay Ho District

      • Total units: 408 units                         
      • Scale: 26,978 sqm
      • Unit size: 84– 148 sqm (2 – 4 bedrooms)                                 
      • Price*: from VND 38 million psm
    • Tecco Diamond – Thanh Tri District

      • Total units: 665 units                         
      • Scale: 7,525 sqm
      • Unit size: 63 – 106 sqm (2 – 3 bedrooms)

* Prices included VAT

  • No New Launch
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    • Masteri Centre Point (District 9)  

      • Developer: Masterise Homes
      • Total scale: 10 towers                                                               
      • Unit size: 1 – 4 bedrooms

* 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

LOGOS acquires first Vietnamese development site in greater Hanoi
After a recent announcement of an initial capital investment into Vietnam of $350 million, LOGOS – a growing logistics developer headquartered in Sydney – in the morning of October 6 has officially announced that it has completed its first acquisition in Vietnam, of a 13-hectare development site located in greater Hanoi. Located in VSIP in Bac Ninh province, the site offers immediate access to National Highway 1A and surrounding transport networks, and is 35 minutes from the Hanoi Central Business District and Noi Bai International Airport, and 1.5 hours from Haiphong seaport. The site is considered one of the key logistics locations in Hanoi and is strategically positioned for LOGOS’ customers.
Strategic partnership blooms between top IP developers
The official launch of Becamex VSIP Binh Dinh Township and Industrial Park last month by developer Becamex Binh Dinh JSC is anticipated to open bright prospects to beef up the region’s industrial development, while simultaneously being a testament to the strategic and efficient partnership between the two southern localities of Binh Dinh and Binh Duong, as well as between top players Becamex IDC and VSIP Group.
Russia's inDriver rolls into Vietnam ride-hailing market
Russian on-demand ride service inDriver has gained a toehold in Vietnam, starting in outlying areas ahead of an expansion into major metropolitan markets with its app feature of letting passengers negotiate their own fares. The company, which has contracts with drivers of 260 cars and 300 motorbikes, debuted in such cities as the central beach resort of Da Nang, according to local media. It expanded last month to Can Tho in the south, known for its floating markets, and operates in the northern port city of Hai Phong and the central coastal province of Thua Thien Hue.
Space arrangement on Saigon River needed for Thu Duc City
The planned Thu Duc City, with a vast area of land spanning along the Saigon River, is expected to contribute to economic development, improve the quality of life for local people, and promote the meaning of the river if there is a suitable plan on space arrangement for it. The downtown spaces have been overloaded, with a majority of them having been covered with high-rise buildings. Meanwhile, the areas along the Saigon River fit the construction of public projects to expand urban spaces with beautiful landscapes and to connect the downtown area with its neighborhoods. This planning direction aims to provide open spaces, fresh air, and nature in combination with cultural heritage and in harmony with the diversity of beneficiaries.
Short-term rental breaches law: new regulations
Hourly and short-term rental of apartments is against the law, according to Vietnamese government drafted new regulations about the use of apartment buildings with non-residential purposes, the Ministry of Construction has said. Many criminals take advantage of apartments for rent to break the regulations including prostitution activities, drugs, high-tech crimes ; therefore, police officers find it difficult to investigate the illegal actions, many voters voiced their complaint to the Ministry. 
Newly-built coach station in HCMC officially opened to the public
Located at the border between District 9 in HCMC and Di An Town in Binh Duong Province, the new Eastern Coach Station will play an important role in the transportation connecting the city with localities across the country as well as in the economic development of the highly interactive and innovation district to the East Ho Chi Minh City. The new bus station with 2 underground floors and 4 elevated floors is designed as a complex of office, service, trade, logistics and entertainment. It is expected to serve about 21,000 passengers per day with 1,200 buses departing, more than 7 million passengers each year. It will increase to 52,000 passengers and over 1,800 buses on peak days.
New $200 mln roads proposed for Long Thanh Airport
Dong Nai has proposed spending VND4.8 trillion ($206 million) on two new roads to improve connectivity of the future Long Thanh International Airport. The first road, 3.8 km long, will connect the airport with National Road 51. The eight-lane road will be used by vehicles during the construction period of the airport’s first phase, according to a proposal the southern province has submitted to Prime Minister Nguyen Xuan Phuc. The second road, 3.5 km long with four lanes, will link the airport with the Ho Chi Minh City – Long Thanh – Dau Giay Expressway, a key link between HCMC and Dong Nai. Dong Nai authorities estimate they will need to acquire 136 hectares of land for the two roads.
Metro coaches placed on tracks
The first carriage of the Ben Thanh-Suoi Tien metro train was placed on the track at 9.25 a.m. on the morning of October 10. The remaining four coaches of a six-coach train will be unloaded in coming time in order to expedite the process of the trial runs.




















Dung Duong MRICS

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An Nguyen

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