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CBRE Vietnam Real Estate Spotlight – W5 – 2021

EU firms show optimism about Vietnam’s business climate in 2021, Overseas remittances transferred to HCMC reach US$6.1 billion, HCMC to throw the book at high-end property developers for violations…


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    • Grandeur Palace Giang Vo – Ba Dinh District                            

      • Total units: 72 units
      • Scale: 9,024.8 sqm                                                  
      • Unit size: 77.6 – 153.8 sm (2 – 3 bedrooms)       
      • Price*: from VND 80 million psm
    • Binh Minh Garden – Long Bien District
    • Total units: 449 units
    • Scale: 2,500 sqm
    • Unit size: 73 – 104 sqm (2 – 3 bedrooms)  
    • Price*: from VND 28 million psm
    • Total units: 816 units
    • Scale: 8,221 sqm
    • Unit size: 57.1 – 75.1 sqm (2 bedrooms)  
    • Price*: from VND 22 million psm
    • Hanhomes Bluestar – Gia Lam District

* Prices included VAT

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    • Lumière Riverside (District 2)

      • Developer: Masterise Homes
      • Total units: 4 towers                                                               
      • Unit size: 1 – 4 bedrooms, Shophouse, Duplex, Penthouse
    • Masteri Centre Point (District 9)  
    • Developer: Masterise Homes
    • Total units: 10 towers                                                               
    • Unit size: 1 – 4 bedrooms
    • Developer: Gia Khang
    • Total units: 2,000 units
    • Unit size: 53.8 – 102.8 sqm
    • King Crown Infinity (Thu Duc District)

* 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

EU firms show optimism about Vietnam’s business climate in 2021

The latest Business Climate Index (BCI) unveiled by the European Chamber of Commerce (EuroCham) in Vietnam on February 3 indicates that EU companies in Vietnam ended 2020 with overall optimistic view about the country's’s business climate. The BCI picked up 6 points in the fourth quarter of 2020 to reach 63.6 percentage points for the whole year, the highest since the outset of COVID-19. The index stood at a record low of 27 percentage points in the first quarter of last year, following the first wave of COVID-19 in Vietnam.

Real estate inventories increase significantly in Q4
The real estate inventories of listed companies increased significantly in the fourth quarter of 2020 over a year ago because many projects were stagnant due to the impact of the COVID-19 pandemic, legal bottlenecks and limited financial capacity of the developers. 
Overseas remittances transferred to HCMC reach US$6.1 billion
According to the State Bank of Vietnam – Ho Chi Minh City Branch, although the global economy was negatively affected by the Covid-19 pandemic, the number of overseas remittances transferred into the country through HCMC-based credit institutions was US$6.1 billion last year, up 12 percent compared to that of $5.5 billion in 2019.
Finelife high-end supermarket opens in District 7, sells over 17,000 organic, imported items

High-end supermarket Finelife on February 3 opened its fourth store named Finelife Supermarket Urban Hill at 51A Nguyen Van Linh Street in District 7, HCMC. Spread over an area of more than 2,000 sq.m, the store stocks more than 17,000 local and imported premium organic products like fresh and processed foods, cosmetics, deli foods, fruits, vegetables, and beverages besides premium household utensils, confectionery and fashion items.

HCMC to throw the book at high-end property developers for violations

The HCMC Department of Natural Resources and Environment plans to review the progress of high-end property projects and fine or even withdraw the licences of those found violating regulations. If they are excessively late, their land might be repossessed as permitted by the law. At the same time, the city’s authorities will publicise the mortgaged projects, according to the city People’s Committee.

FDI motivation in Southeast region of Vietnam

The Southeast is the key economic region in the South, attracting the most foreign investment (FDI) in the country. Along with efforts to improve the investment environment, Southeastern provinces have been expanding and adding more industrial zones to the planning to attract huge FDI projects and wait for the new investment wave shifting from other Asian countries to Vietnam.

Authorities give long-awaited nod to huge property projects
Two long-delayed property ventures in the south and south-central regions of Vietnam have finally been given the go-ahead by authorities. Lotte Group – the developer of the $900 million eco-smart city in Thu Thiem New Urban Area of Ho Chi Minh City – was approved by the government to continue the project after more than three years of delay. Meanwhile, ITC Spectrum last week also received the green light from Binh Dinh People’s Committee to continue its $250 million Vinh Hoi Hotel and Resort Complex, which initially received approval to be built back in 2006.
Hai Phong grants investment approval to LG Display’s project
Chairman of the People’s Committee of northern Hai Phong city Nguyen Van Tung on February 7 granted a certificate to LG Display Vietnam Hai Phong’s project adding 750 million USD in investments. The additional amount brought the investment capital of the entire project to 3.25 billion USD in total, making it the foreign-invested project with the highest value in the port city. It is set to begin in next month and become operational two months later, creating an additional 5,000 jobs and contributing about 5 million USD annually to the State budget.




















Dung Duong MRICS

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