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CBRE Vietnam Real Estate Spotlight – W47 2017

Saigon water bus to launch this weekend with free-ticket campaign, Vietnam Stocks Electrified as Deals Prompt ‘Re-Rating’ of Market, From Dec 5, 'red book' will have to include the full names of all family members under some circumstances…

 

 

More Vietnamese investors are buyers in real estate M&As
VOV

Foreign investors were once the main buyers in M&A deals 5 years ago, but in many deals made recently, the buyers have been Vietnamese. For examples, in the first half of 2017 alone, Novaland took over Harbor City project and bought Gia Duc Real Estate in a plan to take over the entire The Sunrise Bay project. Dat Xanh group has bought many land plots to develop projects which include Opal Garden and Opal Skyview. Vietnam’s An Gia Group, joining forces with Japanese Creed Group, has completed the purchase of seven blocks of Lacasa residential quarter in a deal worth VND910 billion.
 

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From Dec 5, 'red book' will have to include the full names of all family members under some circumstances
Tien phong

Circular 33/2017 is effective from December 5, 1977, the 'red book' will list the members of the same land use family. Specifically, for households using land, write "Households, including Mr.” (or "Households, including Mrs."), followed by the full name, year of birth, name and number of identification household heads; residential address of the household. In case the household head does not have the common land use right of the household, write the representative being another member of the household sharing the land use right of the household.

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Vietnam Stocks Electrified as Deals Prompt ‘Re-Rating’ of Market
Bloomberg

Vietnamese stocks have taken off in November — with the benchmark VN Index rising almost 10 percent — as foreign investors rushed to expand their footprints in the fast-expanding Southeast Asian economy. “The success of the Vincom Retail share sale recently and also the purchase of a 10 percent stake in Vinamilk by Jardine has kind of electrified sentiment,” said Fiachra Mac Cana, managing director and head of the institutional client division at HCMC Securities JSC, the nation’s second-largest brokerage. The fact that foreigners are “willing to pay a significant premium to current valuations” is leading to a “re-rating” of the market, he said.

 

Vietnam approves bill letting banks be declared bankrupt 
Reuters

Under the law’s new provision, which takes effect on Jan. 15, the first step for dealing with a troubled bank would be to put it under the “special control” of the central bank. The government could then consider a merger, transfer of the bank to other investors or a break-up before the financial institution would be allowed to file for bankruptcy as a last resort. Any bankruptcy declaration would have to be approved by the government.

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Saigon water bus to launch this weekend with free-ticket campaign 
Tuoitre news

The much-awaited river bus service, is set to launch on November 25, with a ten-day free ticket promotional campaign to attract passengers. The 10.8-kilometer route is set to connect Bach Dang Port in District 1 with Linh Dong Ward in the outlying district of Thu Duc, running along the Saigon River and Thanh Da Canal. Normal fares will cost VND15,000 (U$0.66) per person per trip, with ticket booths installed at the service’s two terminals and stops. 

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Dolce & Gabbana Vietnam opens flagship
Inside Retail in Asia

Dolce & Gabbana Vietnam has officially opened its flagship store in Rex Arcade inside Ho Chi Minh City’s Rex Hotel. Along with the opening, D&G introduced its international campaign #DGclone to Vietnam, which is built around a world tour by the brand’s two mascots – lifesize characters representing D&G founders.

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North-South expressway project gets approval
VIR

The National Assembly (NA), the highest legislative body of Vietnam, officially approved the eastern section of the North-South Expressway project, paving the way for private investors to join, with over 83 per cent of the NA delegates voting in favour of the project. Accordingly, the total investment capital of the 654-kilometre project will be over VND118 trillion ($5.36 billion), VND55 trillion ($2.5 billion) of which will come from the state. The total area is estimated at over 3,700 hectares, with over 1,000ha being paddy land.

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Hanoi will have 3 overpass and underground tunnels
CafeF

Hanoi People's Committee has just reported about 3 key transport projects in the city's transport planning. Accordingly, three projects will be added: the overpass between Hoang Quoc Viet Street – Nguyen Van Huyen Street project (the project will use the city's budget, the total estimated investment capital is 503 billion dong); The tunnel construction at the intersection between 2.5 ring road and Giai Phong street project (the project is funded by the city's budget, the total estimated investment capital is 672 billion dong) and the tunnel construction Le Van Luong – Belt 3 in the form of BT contract with the total investment of 550 billion dong.

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Ho Chi Minh City inks deal with Viettel to build ‘smart city’
Tuoi tre news

HCMC signed a cooperative agreement with Viettel regarding the establishment of a smart city in 2017-2020. Viettel executives underlined several obstacles the southern hub has been facing and recommend creating a centralized monitoring center to resolve the issues. A meeting will be convened on November 25 to discuss a detailed plan.

 

HCMC Vice Chairman: 'Asset Tax pilot scheme to fight speculation'
VnExpress

“Land is a special resource for HCMC and needs to be put into productive use for economic development”, said Vice Chairman of the People’s Committee. HCMC is considering a pilot scheme to collect taxes on property assets in order to fight against speculation on the real estate market.

 

CBRE Newspaper Updates on Residential Ads

     

  • One new launch

    • Mizuki Park (Binh Chanh District) 

      • Total units: 576 (Phase 1)
      • Scale: two 20-floor blocks
      • Unit size: 56 – 98 sm (2 – 3 bedrooms)
      • Price*: from USD 1,050/sm
  • Advertisements:

    • Calla Garden (Binh Chanh District)

      • Total units: 207 (for condos only)
      • Scale: two 17-floor blocks
      • Unit size: 50 – 107 sm (1 – 3 bedrooms)
      • Price*: from VND 18.5 million/sm
    • Thu Thiem Dragon (District 2)

      • Total units: 274 (for condos only)
      • Scale: two 23-floor blocks 
      • Unit size: 45.2 – 93 sm (1 – 3 bedrooms)
      • Price*: from VND 2.2 billion/2BRs

* Prices included VAT

       

  • One new launched:

    • Eco Dream (Thanh Tri District)

      • Total units: 527 units
      • Scale: 20,000 sm land area
      • Unit size: 45 – 98 sm (2 – 3 bedrooms)
      • Price*: from VND 25.5 million/sm
  • Advertisements

    • The Link 345 (Tay Ho District)

      • Total units: 594 apartments 
      • Unit size:  126 – 145 sm (villas)
      • Price*: from VND 40 million/sm 
    • ICID Complex (Ha Dong District)

      • Total units: 646 units
      • Scale: 4,421 sm land area
      • Unit size: 65 – 84 sm 
      • Price*: from VND 19 million/sm 
    • The Mansions Park City (Ha Dong District)

      • Total units: 146 landed property 
      • Scale: 7,052 sm land area
      • Unit size: 240 – 284 sm (3 – 4 floors)
      • Price: from VND 85 million /sm (landed property)

* 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, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, Vnexpress

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FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Director

T +84 8 3824 6125

dung.duong@cbre.com

 

An Nguyen
Director

T +84 4 2220 0220

an.nguyen@cbre.com

 

 

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