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CBRE Vietnam Real Estate Spotlight – W45 2018

America's WeWork makes Vietnam and Philippine debut, Transport Ministry seeks US$40 million for My Thuan-Can Tho expressway project’s site clearance, Second metro line construction in HCMC may be postponed until 2020…

  • One New Launched:

    • Imperia Sky Garden (Hai Ba Trung District)

      • Total units: 1,866 units
      • Scale: 38,155 sqm land area
      • Unit size: 75 – 98 sm 
      • Price*: from VND 35 million psm
  • Advertisement:
  • FLC Green Apartment (Nam Tu Liem District)                              

    • Total units: 348 units
    • Scale: 31,015 sqm land area                                                           
    • Unit size: 57 – 106 sm (2- 3 bedrooms)                                  
    • Price*: from VND 25 million psm
  • Sky Park Residence (Cau Giay District)                              
  • Total units: 496 units
  • Scale:6,786 sm land area                                                              
  • Unit size: 63.3 – 334.4 sm (1 – 3 bedrooms and penthouse)                                  
  • Price*: from VND 37 million psm

* Prices included VAT

  • No New Launch                          
  • Advertisement:                                             

    • Q7 Sai Gon Riverside Complex (District 7)

      • Total units: 3,580 units
      • Scale: 75,224.5 sm
      • Unit size: 53.2 – 86.69 sm (1 – 3 bedrooms)
      • Price: VND 29 million psm (excl VAT)
    • Charmington Iris (District 4)
    • Total units: 1,438 units                                                               
    • Scale: 16,645 sm land area
    • Unit size: 45 -122 sm (1 – 3 bedrooms)                                   
    • Price*: from VND 52 million psm

* Prices included VAT
Update base on newspaper date 5 – 9 November 2018




America's WeWork makes Vietnam and Philippine debut

Nikkei Asian Review

U.S. Co-working space provider WeWork is expanding its business into the Philippines and Vietnam as it strives to build a presence in the region's largest economies by year-end. Its expansion in HCMC where its first site will be in the E-Town building, near the city's commercial center. The location will be one of WeWork's largest in Southeast Asia, with room for more than 1,000 members.





Vietnam’s first private airport to go operational next month


Van Don International Airport, Vietnam’s first private airport, is scheduled to begin operations from the end of next month. Construction on the VND7.5 trillion (US$340.9 million) airport started in 2015. 

Van Don International Airport is estimated to welcome around 500,000 passengers in the first year of operation. There are claims it could welcome 5 million people by 2030. 



Transport Ministry seeks US$40 million for My Thuan-Can Tho expressway project’s site clearance


The Ministry of Transport has proposed the Government allocate VND932 billion (US$40 million) from contingency reserves for the My Thuan-Can Tho expressway project to entice businesses to invest in the project. The sum is part of the total investment for project of VND5.4 trillion (US$232 million), but the ministry has proposed disbursing it now to complete land clearance work to find an investor for the project.



Second metro line construction in HCMC may be postponed until 2020


According to the board, the Government has submitted an adjusted project to the National Assembly for approval. Investment capital is proposed to increase to US$2.13 billion, nearly double the initial plan in 2010.
If the adjusted project is approved by the NA, HCMC People’s Committee will pass it in early 2019.
Because capital adjustment procedures are still being considered and unlikely to complete this year, the board finds it necessary to postpone implementation time until December 13, 2020.



Hanoi signs up to host F1 race for 10 years


The race would be officially launched from April of 2020 for ten years. Ha Noi is the 22nd city in the world to host Formula One and the third race of the calendar that will be held on the streets rather than a track.

The municipal People’s Committee will be the host of the event, while VinGroup is the sponsor. To successfully organise this event, VinGroup has established Grand Prix Viet Nam Limited as the exclusive promoter of the event. The hosting fee will be borne by Grand Prix Viet Nam Ltd.



Vietnam’s retail market hot, supermarkets change 


Many merger & acquisition (M&A) deals in Vietnam’s retail market have included buyers from Thailand. Thai retailers are now an ‘emerging big power’ in the domestic retail market. More M&A deals will be made in the future because of the high interest of foreign investors in the Vietnamese market.



Gov’t approves land acquisition report for Long Thanh Airport

The Saigon Times

A feasibility has been approved for the land acquisition, compensation and resettlement project for Long Thanh International Airport in the southern province of Dong Nai. The People’s Committee of Dong Nai is acting as the investor for the site clearance project, part of the main airport project. The sub-project, running from 2017 to 2021, requires a total investment of more than VND22.8 trillion (US$980 million).



HICON scores three industrial projects in single month


HICON Investment JSC (HICON JSC) on October 24 officially started constructing its two newest industrial projects. The first project is KTG Industrial and Logistics Centre Bac Ninh with the total area of 46,600 square metres in Yen Phong Industrial Zone, the northern province of Bac Ninh. The other project is the 17,800 sq. m KTG Industrial and Logistics Center Hung Yen in Pho Noi A Industrial Zone, in the northern province of Hung Yen.



Vietnam 19th best country in the world for expats: HSBC survey


Vietnam has climbed four places to 19th in the list of best countries for expats to work and live. With an average annual income of $90,408, 9 out of 10 expats said in Vietnam they are as happy as or happier than at home.













Dung Duong MRICS


T +84 8 3824 6125



An Nguyen

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Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market.