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CBRE Vietnam Real Estate Spotlight – W44 2019

Rising sea levels threaten hundreds of millions — and it's much worse than we thought, Casino and golf course to be included in Thai Binh Economic Zone, Gov’t takes tighter control over large-size real estate projects…

  • One new launched:

    • Le Grand Jardin (Long Bien District)                              

      • Total units: 1,124 units
      • Scale: 5,658 sqm
      • Unit size: 50 – 106 sqm (2 – 3 bedrooms)                                  
      • Price*: from VND28 million per sqm
  • Advertisement:
  • Kosmo Tay Ho (Tay Ho District)                              

    • Total units: 648 units
    • Scale: 8,392 sqm land area
    • Unit size: 70 – 110 sqm (2 – 3 bedrooms)                                  
    • Price*: from VND42 million per sqm
  • D’. Palais Louis (Cau Giay District)                              
  • Total units: 242 units (apartment)
  • Scale: 3,182 sqm land area
  • Unit size: 120 – 260 sqm (2 – 5 bedrooms)                                  
  • Total units: ~800 units
  • Unit size: 63 – 99 sqm (2 – 3 bedrooms)                                  
  • Price*: from VND24.5 million per sqm
  • Euro River Park (Dong Anh District)                              

* Prices included VAT

  • No New Launch                  
  • Advertisement:                                            

    • Akari City (Binh Tan District)                                         

      • Developer: Nam Long
      • Total units: 4,660 units                                                               
      • Scale:  8.5 ha land area
      • Unit size: 54 – 120 sm (2-3 BRs)       
    • Metro Star (District 9)
    • Developer: CT Land
    • Total units: 1,600 units
    • Scale: 18,337.5 land area
    • Unit size: 51 – 78 sm (2-3 BRs)          

* 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







Gov’t takes tighter control over large-size real estate projects

The Government will continue to tighten credit in the real estate industry, requiring the Governor of the State Bank of Viet Nam (SBV) to report to the Government quarterly in case of outstanding loans for a real estate firm or a realty project valued at more than VND5 trillion (US$215.22 million).




Vietnam Is a Trade War Winner. Now It Has to Figure Out How to Stay Ahead

Hailed as the one economy racking up real wins in the U.S.-China trade war, Vietnam now needs to ensure that its gains don’t slip away just as quickly. It’s done well so far out of the flight of manufacturers from China – but it’s vulnerable to a broader lesson that companies are drawing from the trade conflict: Don’t put all your eggs in one basket.



Casino and golf course to be included in Thai Binh Economic Zone
Dantri News


Prime Minister Nguyen Xuan Phuc has approved Thai Binh Economic Zone (EZ) in the northern province of Thai Binh which includes a casino and a golf course. The EZ covering 30,583 hectares in 30 communes and one town in the two districts of Thai Thuy and Tien Hai. By 2040, functional areas of the EZ will be built on the area of 21,000 hectares and is home to 300,000 people with a 70% urbanisation rate.




Schindler inaugurates VND190 billion hi-tech plant in Nha Be
Saigon Times

Elevator manufacturer Schindler Vietnam has invested US$8 million, or VND190 billion, in a hi-tech factory in Hiep Phuoc Industrial Park in HCMC’s outlying district of Nha Be, which it put into operation on October 29. The 10,000-square-meter facility will manufacture brackets, beams and related accessories for elevators and escalators. It features a 4,600-square-meter production zone.




HCMC to build VND1.4 trillion museum in District 9
The Saigon Times
The HCMC government has approved a proposal to develop a museum in District 9, instead of the Thu Thiem New Urban Area in District 2, at a total cost of VND1.43 trillion. The museum will be built at an eight-hectare site at the National Cultural and Historical Park in District 9, the municipal government office announced on October 28.




Dong Nai plans more industrial parks


The southern province of Dong Nai plans to add more industrial parks for the 2021-30 period, according to the Dong Nai Industrial Zones Authority (DIZA). Six localities in the province have proposed the provincial authorities add more industrial parks, including Long Thanh, Cam My, Thong Nhat and Trang Bom and Nhon Trach districts and Long Khanh city. The area of each industrial park is between 200ha and 900ha. The province will also expand existing industrial parks in the province because they are nearly full.




Rising sea levels threaten hundreds of millions — and it's much worse than we thought

The findings, published Tuesday in the journal Nature Communications, put nearly three times as many people in coastal areas at risk from flooding than previously thought, and are the result of new advances in elevation modeling technology. Entire coastal cities could be wiped out if there aren't enough sea defenses in place. Some 70% of the people at risk of yearly floods and permanent inundation are in eight Asian countries: China, Bangladesh, India, Vietnam, Indonesia, Thailand, the Philippines, and Japan, according to the study.

Other Asian cities at risk include Vietnamese capital Hanoi, Bangladeshi capital Dhaka, and the eastern Indian city Kolkata. The entire southern tip of Vietnam could be flooded, according to Climate Central's projections




Ascott Reit divests Vietnam subsidiary for US$10m
Business Times


THE manager of Ascott Residence Trust (Ascott Reit) has divested its entire shareholding interest in wholly owned subsidiary The Ascott (Vietnam) Investments and novated the shareholder's loans to an unrelated third-party purchaser for US$10 million