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CBRE Vietnam Real Estate Spotlight – W50 2019

Vietnam win gold medal for 1st time at SEA Games, ADB lifts Vietnam’s 2019 growth forecast to 6.9 percent, Radisson signs trio of properties in Vietnam, …

  • One New Launched:

    • Mipec Rubik360 (Cau Giay District)                               

      • Total units: 976 units     
      • Scale: 41,000 sqm                                                   
      • Unit size: 53.3 – 125.1 sm (2 – 4 bedrooms)                                  
      • Price*: from VND40 million psm                                         
  • Advertisement:

    • Sunshine Golden River (Tay Ho District)                            

      • Total units: 217 units
      • Scale: 9,004 sqm
      • Unit size: 126 – 329 sqm (2 – 4 bedrooms)                                  
      • Price*: from VND55 million per sqm
    • Vinhomes West Point (Nam Tu Liem District)                              

      • Scale: 24,000 sqm land area
      • Unit size: 35.6 – 139.1 sqm (1 – 4 bedrooms)                                  
      • Price*: from VND53 million per sqm
    • Hinode City (Hai Ba Trung District)

      • Total units: 1,099 units
      • Scale: 28,000 sqm land area
      • Unit size: 70 – 206 sqm (2 – 4 bedrooms) 
      • Price*: from VND42 million per sqm

* Prices included VAT

  • No New Launch                  
  • Advertisement:                                            

    • Akari City (Binh Tan District)                                         

      • Developer: Nam Long
      • Total units: 4,660 units                                                               
      • Scale:  8.5 ha land area
      • Unit size: 54 – 120 sm (2-3 BRs)       
    • Metro Star (District 9)

      • Developer: CT Land
      • Total units: 1,600 units
      • Scale: 18,337.5 land area
      • Unit size: 51 – 78 sm (2-3 BRs)          


* 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



















Dung Duong MRICS

Senior Director

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An Nguyen

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Radisson signs trio of properties in Vietnam

Radisson Hotel Group has entered into agreements to open three new hotels in Vietnam’s emerging destinations of Quy Nhon, Dong Hoi, and Danang. In 2Q2020, Radisson Hotel Danang will open in the city’s central Phuoc My Ward, offering 182 rooms and suites. Situated on the seafront city of Dong Hoi, Radisson Hotel Quang Binh will open in 1Q2021, featuring a restaurant, lobby lounge, swimming pool, fitness centre, ballroom and meeting spaces. Slated to open in 2023, Radisson Blu Resort, Quy Nhon will be nestled on Vietnam’s south-central coast in Binh Dinh province. The resort will offer 120 rooms and suites, and 160 standalone villas.




ADB lifts Vietnam’s 2019 growth forecast to 6.9 percent
Tuoi Tre News

The Asian Development Bank (ADB) increased its growth projections for Vietnam by 0.1 percentage point, bringing its estimates to 6.9 and 6.8 percent in 2019 and 2020, respectively, according to a report released earlier this month. The report also noted that Vietnam’s GDP growth in the first three quarters of 2019 accelerated to seven percent, its highest rate for the period in nine years.



Maersk opens new logistics centre
VnEconomic Times


The new warehouse offers premium Warehousing and Distribution solutions to support customers and the significant trade growth in the region. Constructed by Mapletree Logistics Park Bac Ninh Phase 3 (Vietnam), the 11,000 square-meter warehouse is strategically located inside the VSIP Industrial Park in Bac Ninh, within 25km to Hanoi centre and 120km to Hai Phong port. The fully Maersk-operated footprint is equipped with the latest technology to enable automation and provide best-in-class Warehousing and Distribution solutions.




Chili’s Grill & Bar Vietnam launches in Ho Chi Minh City
Inside Retail Asia

Located at SC VivoCity mall in Ho Chi Minh City’s District 7, the new restaurant is the 1700th Chili’s outlet worldwide. The restaurant offers the same dishes as other Chili’s outlets internationally, following the original restaurant-bar concept inspired by Mexican & Texas cuisines. 




The big four in Vietnam's real estate market
Khang Dien, Phat Dat, Dat Xanh and Nam Long are the most powerful realtors thanks to their big capitalization value. There are only four names among real estate firms which have capitalization value of between US$300 million and US$1 billion.




Phu Long, MJ Group sign to promote wellness and beauty services


An MoU on cooperation in health management and beauty services signed Monday between Phu Long Corporation and MJ Group is part of the former's plan to develop a mammoth resort complex on Phu Quoc Island. The partnership aims to provide leading health management and wellness services to promote wellness and holistic health for tourists as well as enhance the attractiveness of Vietnams tourism market, Phu Long said in a release.




HCMC should keep one-third of budget revenues for itself: chairman

Ho Chi Minh City has the lowest budget retention rate of all cities in the world, and this should change, its chairman says. In the 2016-2020 five-year period, Vietnam's largest city has been allowed to keep just 18 percent of its annual revenues and submit the rest to the national budget. "This is the lowest ratio in the world," municipal Chairman Nguyen Thanh Phong told the media on the sidelines of a city legislative council meeting last week.




HCM City to build 8 logistic centres


HCM City should be developed into a logistics hub for the region, and the cost of logistics in Viet Nam should be reduced to 16 per cent of the country’s GDP (gross domestic product) by 2025. Ho Thi Thu Hoa, head of the Viet Nam Logistics Research and Development Institute (VLI), said researchers for a project to develop the city’s logistics industry have carried out fact-finding tours of eight locations where the city’s logistics centres would come up. They include the Dong Nam Industrial Park (in Phu Hoa Commune, Cu Chi District), Tan Kien Port (in Tan Kien Commune, Binh Chanh rural District), Cat Lai Industrial Park (in Thanh My Loi Ward, District 2), Long Binh ICD (inland container depot in Long Binh Ward, District 9), Cu Chi ICD (in Binh My Commune, Cu Chi rural District), Phu Dinh Port (in District 8), Linh Trung Export Processing Zone (EPZ) (in Linh Trung Ward, Thu Duc), and Long Thoi Commune in Nha Be rural District where the logistics centre of the Hiep Phuoc Port Urban Zone will be built.



Vietnam’s construction market struggles for sustainable growth


Even though the fourth quarter is the peak season for construction activities, the fact that negative growth in revenues of major construction companies means that the construction market is still struggling to find a path to sustainable growth, according to Viet Dragon Securities Company (VDSC). In terms of revenue, leading contractors in the residential segment completed a lower percentage of the year’s estimate, ranging from a half to three fifths of the target, except for Hoa Binh Construction (HBC), who achieved nearly 73% of its 2019 revenue target.



Vietnam win gold medal for 1st time at SEA Games
Hanoi Times


Vietnam has for the first time won the gold medal at the men’s football at SEA Games after years participating in this regional multi-sport event. The Golden Dragons defeated Indonesia 3-0 in the final Rizal Memorial Stadium in Manila, the Philippines on Tuesday [December 10]. Vietnam ended that unwanted record at SEA Games 30 after losing five SEA Games football finals in 1995, 1999, 2003, 2005, and 2009, according to the Straitstimes.