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CBRE Vietnam Real Estate Spotlight – W47 2018

$76 Billion Fund Manager Says Now Is the Time to Buy Vietnam, Parfois Vietnam opens first store, Vietnam’s biggest airport start building in 2020…

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    • Florence My Dinh (Nam Tu Liem District)

      • Total units: 480 units
      • Scale: 9,976 sqm land area
      • Unit size: 74.9 – 124.3 sm (2 – 4 bedrooms)
      • Price*: from VND 29 million psm
    • Mipec City View (Ha Dong District)                              
    • Total units: 1,565 units
    • Scale: 18,000 sqm land area                                                           
    • Unit size: 55 – 75 sm (2-bedroom)                                  
    • Price*: from VND 17 million psm
    • Scale: 66 Buildings
    • Unit size: 28 – 75 sm 
    • Price*: from VND 29 million psm
    • VinCity Ocean Park (Gia Lam District)


* Prices included VAT

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    • 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 19 – 23 November 2018
 

 

 

No high-rise apartment projects in downtown HCMC until 2020
 

VnExpress

According to the housing development plan for 2016-2020 with orientation until 2025, that was approved by the HCMC People’s Committee on November 19, the city will not approve construction of new high-rise apartments in inner city areas (District 1 and 3) until 2020.

Projects already approved and under construction will continue as usual.

The city will also prioritize projects repairing or renovating 50 percent of 474 old apartment complexes constructed before 1975.

     

 

 

 

HCMC to build seven reservoirs to tackle inundation

SGGP News

The Ho Chi Minh City Steering Center of the Urban Flood Control Program  and related agencies evaluated the effectiveness of the reservoir proposing in building seven underground reservoirs using Japanese Cross-Wave technology. The construction will start now to 2020. Specifically, a reservoir in Hoang Van Thu Park in Tan Binh District could accommodate 5,000 cubic meters of rainwater.

 

 

1,000 households to be moved out of Xuyen Tam canal project
 

SGGP News

Standing Deputy Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen had a meeting with the city’s departments, agencies to listen to plan to invest in Xuyen Tan canal project as per conclusion of the HCMC’s Party Committee’s Standing Board to the projects along canals. Total investment capital is estimated to reach VND 8,7trillion. Of these, total clearance and compensation, resettlement payments will be VND 3trillion. Binh Thanh authority said over 700 resettlement houses in the district are ready for households under this project.

 

 

Vietnam’s biggest airport start building in 2020

Hanoi Times

Work on Vietnam’s biggest airport would start in 2020 and it will become operational in 2025, the Airports Corporation of Vietnam (ACV) says. ACV, which manages and operates civil airports in the country, also says that it will complete business appraisals and feasibility reports for submission to the National Assembly for approval in October 2019.

 

 

Hanoi to build 500 million USD horse racing track

Vietnam Plus

Hanoi plans to build a US$500 million multifunctional entertainment complex with a horse racing course in Soc Son district. The horse racing track is expected to boost local tourism.

Once operational, the project is expected to create considerable regular income for the city’s budget, while creating about 5,000 direct jobs.

The project’s support activities are expected to draw other 20,000-25,000 labourers.

 

 

 

Da Nang considers a multi-billion dollar port

Vietnamnet

By 2050, the 120-year-old Tien Sa Port, the largest deep-water port in Da Nang city, will serve merely as a service and tourism port, while Lien Chieu port, which is still on paper, would become an international port with a capacity of 46 million tons per annum.

 

 

Laborers at Danang industrial zones given priority to buy houses

The Saigon Times

Laborers working at industrial zones in the central coastal city of Danang are to receive priority when purchasing houses, in line with the municipal government’s latest document stipulating criteria for selecting subjects to hire and buy budget houses funded by extra-budgetary sources in Danang City.

 

 

Parfois Vietnam opens first store
 

Inside Retail Asia

Portuguese women’s accessories brand Parfois has opened its first store in Vietnam, inside the Vincom Landmark 81 in Ho Chi Minh City.

Prices range from VND199,000 (US$8.50) for accessories and US$31 for handbags, which is considered reasonable for a European brand in the Vietnamese market.

More than 400 customers queued up for the opening day.

 

 

HERE’S WHO WINS AND ALSO LOSES IN US-CHINA TRADE WAR: VIETNAM

South China Moring Post

With Asia’s business community increasingly resigned to a lengthy trade war between Beijing and Washington, Vietnam has picked up some business from its northern neighbour. While outsourcing to Vietnam is nothing new – the country received US$35.88 billion in foreign direct investment (FDI) last year, according to government statistics – Chinese firms are increasingly citing the trade war as a motivation to move south.

 

 

$76 Billion Fund Manager Says Now Is the Time to Buy Vietnam

Bloomberg

The global equity selloff has helped make Vietnam a lot more attractive to at least one London-based fund manager. Ashmore Group Plc has doubled its exposure to Vietnamese stocks since the end of the first quarter, according to fund manager Andrew Brudenell. The group, which managed US$76.4 billion as of end-September, now sees the country’s banking sector and some consumer stocks as notably cheaper.

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

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.

CBRE | CB RICHARD ELLIS