Home   »   Property News   »   CBRE Vietnam Real Estate Spotlight – W48 2018
CBRE Vietnam Real Estate Spotlight – W48 2018

South Korea to issue ten-year multi-entry visas to select Vietnamese groups, VinFast automobiles debut in HCMC, Calling for investing in HCMC innovative urban area…


  • Two News Launched:

    • Oriental Westlake (Tay Ho District)

      • Scale: 1,992 sqm land area
      • Total units: 108
      • Unit size: 55 – 116 sqm 
      • Price*: from VND 40 million psqm
    • Seasons Avenue (Ha Dong District)                              
    • Total units: 1,300 units
    • Scale: 13,651 sqm land area                                                              
    • Unit size: 67 – 107 sqm (2- 3 bedrooms)                                  
    • Price*: from VND 29 million psqm
  • Advertisement:
  • Hinode City (Hai Ba Trung District)                              

    • Total units: 1,099 units
    • Scale: 31,200 sqm land area                                                              
    • Unit size: 67 – 120 sqm (2- 3 bedrooms)                                  
    • Price*: from VND 39 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 38 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 26 – 30 November 2018
  

 

 

Vietnam prepares to open up casino gambling to locals
 

Nikkei Asian Review

Vietnamese citizens will be permitted to gamble in a casino on Phu Quoc Island in a three-year pilot program expected to start next year, following approval by the central government.

     

 

 

 

Vietnam’s first exclusive passenger port opens

VnExpress

The port is an important milestone in the development of tourism in the province, allowing visitors to go straight on to land without using transferring boats. Local authorities will create the most favorable conditions for international ships to dock and depart the port so that there will be more visitors to Ha Long Bay.

 

 

South Korean banks race into Vietnam, drawn by deregulation

Nikkei Asian Review

South Korean banks are scrambling to expand their presence in Vietnam, betting on the emerging country's growth potential and its intent to loosen foreign ownership limits.

 

 

Vingroup to build US$51-million hi-tech production plant in Hanoi

Hanoi Times

Vingroup, Vietnam’s largest privately-run conglomerate, signed an agreement with the Hoa Lac Hi-tech Park Management Board to build a plant worth VND1.2 trillion (US$51.3 million) specialized in producing smart electronic devices. The plant is designed to have a production capacity of three to four million smart electronic devices per year, which would be supplied for both the domestic and foreign markets.

 

 

Calling for investing in HCMC innovative urban area

VIR

HCMC is planning to develop an innovative urban area to facilitate the city becoming a true smart city in 2017-2020 with a vision to 2025.

 

 

 

Over VND8.7 trillion committed to projects in Gia Lai

The Saigon Times

The conference on promoting investment in Gia Lai Province in 2018, co-organized by the provincial government and Ton Duc Thang University, introduced 22 projects in need of investment.

At the conference, the government granted investment certificates to seven projects with a combined capital of over VND3.3 trillion, and signed memorandum of understanding for seven projects requiring more than VND5.5 trillion.

 

 

Hanoi to launch second double-decker bus route

VnExpress

The second route will take passengers through 10 popular attractions in the city, including the Thang Long Imperial Citadel on Quan Thanh Street, the Ho Chi Minh Mausoleum on Hung Vuong Street and the Hoa Lo Prison on Hoa Lo Street. It will start from the Dien Hong Garden on Trang Tien Street and end at the Hanoi Opera House on Phan Chu Trinh Street.

The route will have three buses, each with a capacity of 80 passengers. The buses cost VND6-7 billion ($259,000-303,000) each.

 

 

South Korea to issue ten-year multi-entry visas to select Vietnamese groups
 

VnExpress

South Korea would grant permanent residents in Vietnam’s three biggest cities Hanoi, HCMC and Da Nang with C-3 visas with validity periods of up to five years, from December 3. These visa holders can stay in the country for up to 30 days, also with no restriction on the number of visits within the validity periods.

Vietnamese professionals like doctors, lawyers or professors, graduates who enrolled in four-year-plus programs in South Korean universities and those with Masters’ degrees or above from overseas will be eligible for the special visas.

 

 

VinFast automobiles debut in HCMC

The Saigon Times

Crowds flocked to the Landmark 81 building in Vinhomes Central Park in HCMC’s Binh Thanh District on November 26 to see the four latest automobile and electric motorbike models unveiled by local carmaker VinFast, a member of Vingroup.

 

 

 

 

 

 

 

 

 

 

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