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CBRE Vietnam Real Estate Spotlight – W41 2019

Grab launches first shared kitchen in Vietnam, Saigon Co.op turns three Auschan supermarkets in Ha Noi into Co.opmart SCA stores, HCMC spends US$31.96 million on upgrading Nguyen Huu Canh street…

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    • The Zei (My Dinh District)

      • Total units: 891 units
      • Scale: 7,700 sqm land area
      • Unit size: 84 – 106 sqm (2 – 3 bedrooms) 
      • Price*: from VND40 million per sqm
    • Pandora (Thanh Xuan District)                          
    • Total units: 286 units
    • Scale: 41,648 sqm
    • Unit size: 79 – 143 sqm (2 – 3 bedrooms)                                  
    • Price*: from VND27.5 million per sqm
    • Total units: 1,124 units
    • Scale: 5,658 sqm
    • Unit size: 50 – 106 sqm (2 – 3 bedrooms)                                  
    • Price*: from VND28 million per sqm
    • Total units: 1,328 units
    • Scale: 35,574 sqm land area
    • Unit size: 68 – 96 sqm (2 – 3 bedrooms)                                  
    • Price*: from VND23 million per sqm
    • Le Grand Jardin (Long Bien District)                              
    • The Terra – An Hung (Ha Dong 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 developer and Sumitomo join to build $4bn smart city

Leading Vietnamese developer BRG Group and Japanese trading house Sumitomo Corp. will spend 450 billion yen ($4.21 billion) to develop a smart city on the outskirts of Hanoi, the partners said Sunday. The project, slated to be one of the largest urban development in Vietnam, kicks off in 2020 with the construction of about 7,000 apartments and homes. BRG and Sumitomo formed a 50-50 joint venture to develop about 270 hectares located a 20-minute drive from the center of the capital city.




Oakwood Residence Hanoi opens
Vietnam Economic Times

A wholly-owned subsidiary of Mapletree Investments held an official opening ceremony for Oakwood Residence Hanoi on October 10, marking the brand’s entry into Vietnam’s capital. Located in a prime spot for both business and leisure travelers alike, Oakwood Residence Hanoi is in an upscale residential neighborhood in Tay Ho district that offers a sanctuary away from the city’s hustle and bustle. The property features 262 elegantly-appointed and fully-furnished studio, one-, two-, and three-bedroom apartments and penthouses. Each unit comes with a fully-equipped kitchen, a washing machine and dryer, and high-speed internet.



Moody's could lower Vietnam credit rating


Credit rating agency Moody's is reviewing Vietnam's Ba3 rating after the government delayed a debt repayment. Although there were "no or minimal losses to creditors", the delay suggests institutional weaknesses and coordination gaps within Vietnam’s administration "pointing to creditworthiness that may no longer be consistent with a Ba3 rating", Moody’s said in a statement on Wednesday.




Work on Saigon metro might stop: mayor

Construction of Saigon's Metro Line 1 could stop with two ministries sitting silent on a proposal to increase its investment, HCMC chairman Nguyen Thanh Phong warns. Phong said the city has made a proposal to increase investment in Metro Lines 1 and 2 and needs to complete documents for submission to the municipal People's Council by October 21. However the Ministry of Planning and Investment and the Ministry of Finance have remained silent so far. If all the administrative work is not finished by next month, contractors who have not been paid are likely to stop work on Metro Line 1 and this could result in legal issues, he said, adding that Metro Line 2 could also lose its funding as a result.




Smart city project on horizon in Ba Ria Vung Tau
The "Most modern, smart, green city of Southeast Asia in 2040" project has been submitted to authorities by the Abdulla Bin Zayed Group from the UAE and Vietnam’s IMG Group and will transform southern Ba Ria Vung Tau province into a national logistics and commercial hub. The project’s master plan includes logistics facilities and ports, high-speed rail links, a modern international passenger airport, air freight and cargo terminals, and modern commercial and innovation centers, among others.





HCMC plans to build 103 reservoirs to mitigate flooding during rain season


Ho Chi Minh City authorities planned to build 103 small and big underground water reservoirs to mitigate overflowing of the city's major waterways and rivers during rain seasons and tide intrusion. Presently, the city is building three reservoirs for water including one in Lakeview City urban in District 2, smart underground reservoir in Vo Van Ngan Street in Thu Duc District and one in Khanh Hoi in District 4, said the steering center of Urban Flood Control Program in HCMC. These reservoirs have proved to be effective in rainy season. Water in these reservoirs is used to flower trees, fighting fire and supplementing underground water to alleviate groundwater-related subsidence.





HCMC spends US$31.96 million on upgrading Nguyen Huu Canh street


The Management Board on Traffic Work Construction Investment of HCMC started work on the project to upgrade 3.2 kilometer long Nguyen Huu Canh street with the total capital of VND473 billion (US$31.96 million) on October 5.





Viet Nam is officially a country on the up. The latest competitiveness figures released by the Global Competitiveness Report revealed Viet Nam has jumped 10 places in the world rankings to 67th spot with 61.5 points, that’s a rise of 3.5 points compared to last year. The Global Competitiveness Report gains its information from competitive indicators including gross domestic product, quality of overall infrastructure, effect of taxation on incentives to invest and the availability and quality of information and legislation are statistically significant.





Saigon Co.op turns three Auschan supermarkets in Ha Noi into Co.opmart SCA stores

Saigon Co.op has opened three Co.opmart SCA supermarkets in Ha Noi, increasing the total number of stores under the Co.opmart brand to 116. Co.opmart SCA is the new name of France’s Auchan supermarkets, which Saigon Co.op acquired recently. The three are Co.opmart SCA Victoria located at V2 and V3 buildings – Van Phu Victoria – CT9 – Van Phu new urban area, Co.opmart SCA Goldsilk at Goldsilk Complex in Ha Dong District, and Co.opmart SCA Goldensilk at C Building in the Kim Van Kim Lu new urban area in Hoang Mai District.






Grab launches first shared kitchen in Vietnam

Grab launched a shared kitchen in Vietnam on Tuesday to cater to the growing demand for food delivery. It is in Thu Duc District, Saigon, and 12 restaurants make food exclusively for GrabFood drivers to pick up and deliver to customers. Grab has given each of them space to cook for free though they have to pay utility bills, and gets a commission on the orders. Vietnam is the second place where it has launched GrabKitchen after Indonesia, and there is great potential for this model in the country, Jerry Lim, CEO of Grab Vietnam, said in a statement.