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CBRE Vietnam Real Estate Spotlight – W50 2017

Industry 4.0 brings e-payment options to VN, Master plan approved for the site of Ha Tien cement grinding station in Thu Duc, HCM City hopes to open more pedestrian streets…

 

 

WB forecasts Vietnam’s GDP growth at 6.7% this year
The Saigon Times

The World Bank has forecast Vietnam’s GDP will expand 6.7% this year and stabilize at around 6.5% in the medium term while inflation is projected to remain low. Besides, the manufacturing and services sector respectively grew 12.8% and 7.3% during the same period. Labor demand also contributed to rapid wage growth, with wages increasing 15% cumulatively between 2014 and 2016, according to the global lender.

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HCM City hopes to open more pedestrian streets
Vietnamnet

Huynh Thanh Hai, Secretary of the District 1 Party Committee, said the city’s People’s Committee should upgrade and renovate Ban Thanh Market and its night markets. “There is high demand for entertaining activities on walking streets. The city should connect Nguyen Hue Walking Street with Bach Dang Wharf Park and set up entertainment spots with dining and shopping zones to serve locals and tourists on weekends,” he said.He also suggested expanding Bui Vien Walking Street to nearby streets like Do Quang Dau and De Tham and connect them to the 23/9 Park to offer more interesting stops for visitors.

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Hanoi’s $4b smart city project begins in 2018
Vietnamnet

The smart city project along the Nhat Tan-Noi Bai route ( the core would be metro line No 2, starting from Tran Hung Dao Street) with investment equal to US$4 billion is expected to begin construction in the first quarter of next year. The smart city project with modern transport system using the latest technologies will cover  272ha. Implementation of the project would be divided into five phases. In the first phase, Sumitomo-BRG joint venture would invest more than $1 billion to develop infrastructure and linkage for the project.

 

Viet Nam approves more high-tech investments
VIR

The Sai Gon High Tech Park (SHTP) said, for instance, that it issued four licences. Echigo Viet Nam Joint Stock Company will invest US$10.6 million in a plant to manufacture accurate moulds. The 7,500sq.m plant will produce 240 moulds and 100 accessories a year.THT Engineering Co., Ltd will invest $12 million in the park while APC Industry Joint Stock Company and Duy Khanh Engineering Co., Ltd will invest $7.5 million and $5.2 million, respectively. Last June Bosch Group had spent $47 million on more machinery and a production line for its plant in Long Thanh Industrial Park, Dong Nai Province. It plans to invest another $67 million to expand the production capacity of the plant early next year.
 

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Property inventories drop by 17 per cent
VIR

Real estate inventories were estimated at VND25.7 trillion (US$1.13 billion) at the end of November, according to the Housing and Real Estate Market Management Department under the Ministry of Construction. This represented a drop by nearly 80 per cent since the end of 2013 and more than 17 per cent over the end of last year. Ha Noi had an inventory of VND5.3 trillion, dropping by 68.8 per cent against the first quarter of 2013. The inventory value in HCM City was estimated at VND4.7 trillion as of November, dropping by 83 per cent

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Hanoi to establish 78ha industrial cluster in Soc Son
CafeF

The industrial cluster CN3 with an area of 78,195 ha will be built in Mai Dinh commune and Tien Duoc commune, Soc Son district, Hanoi city (within the area of Soc Son industrial cluster). The function of this industrial cluster is multi-sector.

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Gen Y are main target for consumer goods
Vietnamnet

Gen Y are the people born in 1980-2000. This group now receives special attention because it is the key generation in the global force, accounting for 32 percent of the world’s population and 35 percent of Vietnamese. A survey by Kantar Worldpanel showed that the value contributed by Gen Y to the fast moving consumer goods (FMCG) market is relatively high. Navigos Search, after surveying 3,150 Gen Y in Vietnam, found that they are young and ambitious, and interested in career development.

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Industry 4.0 brings e-payment options to VN
Viet Nam News

The trend of non-cash payments and digitalisation in personal banking and the explosion of fintech firms in Việt Nam have placed banks ahead of many opportunities and challenges in fourth industrial revolution. Speaking to the media, Dr. Cấn Văn Lực, a financial expert, said that in the long term, co-operation between fintech companies and the commercial banking system needs to be tightened

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Master plan approved for the site of Ha Tien cement grinding station in Thu Duc
NDH
The HCM City City People's Committee has issued a Decision approving the detailed planning task of 1/500 scale commercial-service apartment complex and office in Truong Tho Ward, Thu Duc District. Planning by Real Estate Development and Development Corporation R.C. with an area of 304,262 m2 (more than 30ha). The boundary of the land area in the east is adjacent to Hanoi Highway, in the West it borders on the Dao Canal, in the South it borders on the existing industrial enterprises, the North borders on the 1 Road.

 

Oakwood marks first year in Vietnam by apartment launch
VIR

In partnership with SonKim Land, Oakwood Asia Pacific opened its first property in the Vietnamese financial hub’s District 3 nearly 1 year ago. Oakwood Apartments HCMC has attracted both long- and short-term renters, with multiple returning guests. Oakwood Apartments Ho Chi Minh City boasts 68 fully-furnished serviced apartments, ranging from studios to one- and two-bedroom units. Oakwood Apartments Ho Chi Minh City is the company’s 32nd Oakwood-branded property across 17 cities in Asia.

 

CBRE Newspaper Updates on Residential Ads

     

  • No new launch
  • Advertisements:

    • CitiEsto (District 2)

      • Total units: 528 (for condos only)
      • Scale: two 25-floor blocks
      • Unit size: 55.5 – 103.6 sm (2 – 3 bedrooms)
      • Price*: from VND 1.2 billion/2BRs
    • 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

    • Dreamland Bonanza (Cau Giay District)

      • Total units: 378 units
      • Scale: 4,331 sm land area
      • Unit size: 71 – 175 sm (2 – 4 bedrooms)
      • Price*: from VND32 million/sm
  • Advertisements

    •  Eco Dream (Thanh Xuan District)

      • Total units: 527 units
      • Scale: 5,341 sm land area
      • Unit size: 45 – 98 sm (1 – 3 bedrooms)
      • Price*:  from VND25.5 million/sm
    • Golden Field (Nam Tu Liem District)

      • Total units: 437 units
      • Scale: 4,435 sm land area
      • Unit size: 70 – 124 sm (2 – 3 bedrooms)
      • Price*: from 29 million/sm

 

* 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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