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CBRE Vietnam Real Estate Spotlight – W51 2018

HCMC cancels decision to recall prime land site in Dist. 1, Real estate inventory value nears VND23 trillion, Ascott opens first Citadines Apart'hotel in Binh Duong…


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    • Golden Field (Nam Tu Liem District)

      • Total units: 389 units
      • Scale: 4,435 sqm land area
      • Unit size: 65 – 226 sqm (2 – 3 bedrooms & Duplex)
      • Price: from VND 29 million per sqm
    • Rivera Park (Thanh Xuan District)                              

      • Total units: 666 units
      • Scale: 11,234 sqm land area                                                              
      • Unit size: 68.6 –104.75 sqm (2- 3 bedrooms)                                  
      • Price*: from VND 32 million per sqm
    • VinCity Ocean Park (Gia Lam District)

      • Scale: 66 Buildings
      • Unit size: 28 – 75 sqm 
      • Price*: from VND 29 million psm

* Prices included VAT

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    • Q7 Sai Gon Riverside Complex (District 7)

      • Total units: 3,580 units
      • Scale: 75,224.5 sqm
      • Unit size: 53.2 – 86.69 sqm (1 – 3 bedrooms)
      • Price: VND 29 million psm (excl VAT)
    • Charmington Iris (District 4)

      • Total units: 1,438 units                                                               
      • Scale: 16,645 sqm land area
      • Unit size: 45 -122 sm (1 – 3 bedrooms)                                   
      • Price*: from VND 52 million psm

* Prices included VAT
Update base on newspaper date 17 – 21 Dec
ember 2018




















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Soccer: Vietnam win Asean title thanks to Anh Duc volley
Vietnam won the Asean Football Federation Championship for the first time in a decade as Nguyen Anh Duc’s volley secured a 1-0 win over Malaysia in the second leg of the final in Hanoi on Saturday for a 3-2 aggregate triumph. Vietnam will next feature at the finals of the Asian Cup in the United Arab Emirates in January, where Park and his players have been drawn to face Iran, Iraq and Yemen.



Vietnam welcomes 15 millionth international tourist in a year for the first time
Viet Nam News
At 10.30 a.m on December 19 American James Copernicus became the 15 millionth foreigner to arrive in Vietnam this year. Copernicus arrived along with 2,000 other passengers by Celebrity Millennium owned by the Royal Caribbean Cruise Lines, one of the world’s top luxury cruise ships, in Ha Long Bay, northern Quang Ninh Province.


Khaisilk transfers rights to two luxury properties    
The Saigon Times
Hoang Khai, owner of the premier Vietnamese silk brand Khaisilk, which was forced to shut down all of its outlets last year following prosecution for trade fraud, has transferred the rights to manage and operate the Cham Charm restaurant and TajmaSago castle at 2 and 6 Phan Van Chuong Street in HCMC’s District 7 to Chloe Hospitality Group.



Construction on Chau Doc-Can Tho-Soc Trang expressway to start in 2023
The Saigon Times
Cuu Long Corporation for Investment Development and Project Management of Infrastructure has proposed the Ministry of Transport allow it to develop the Chau Doc-Can Tho-Soc Trang expressway under the public-private partnership (PPP) format, Sai Gon Giai Phong news site reported. If approved, the project should start construction in 2023 for completion in 2026.



Ascott opens first Citadines Apart'hotel in Binh Duong
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened its first Citadines-branded serviced residence in the southern province of Binh Duong. The Ascott Limited is a Singapore company that has grown to be one of the leading international lodging owner-operators. It has more than 55,000 operating units in key cities of the Americas, Asia Pacific, Europe, the Middle East and Africa, as well as over 39,000 units which are under development, making a total of more than 94,000 units in over 630 properties.



Haidilao hot pot to make Vietnam debut
Inside Retail Asia
Chinese hot-pot chain Haidilao is to open its first outlet in Vietnam. The outlet is located on the second floor of the 68-story Bitexco building in HCMC. Without revealing the opening date, the company has been recruiting office staff and restaurant crews for its Vietnam debut.



Real estate inventory value nears VND23 trillion
Vietnam’s real estate inventory value approximated VND23 trillion (US$988.09 million) by the end of November, according to the Ministry of Construction. 



In brief: 500 Startups brings Silicon Valley accelerator to Vietnam
Tech in Asia
One month after announcing its oversubscribed final close, 500 Startups Vietnam today said that it will bring 500 Startups’ Silicon Valley accelerator curriculum to Vietnam in 2019, in partnership with South Korean multimedia retailer GS Shop.



HCMC cancels decision to recall prime land site in Dist. 1
The Saigon Times
As recommended by the Ministry of Public Security, the HCMC government on December 18 canceled its previous decision to recall some 5,000 square meters of land at 8-12 Le Duan Boulevard in District 1, a prime location in the central business district, the local media reported. The ministry is still investigating the illegal leasing and transfer of the site, with many former and incumbent municipal officials. Land at the site is the material evidence in the case.



France’s Total considers US$1.2-billion LNG-power complex project in Vietnam
Hanoi Times
Total is expected to team up with other partners, including Siemens (Germany), Novatek (Russia) and Vietnam’s A&A Technology and Investment Company for the project with a total power-generating capacity of 4,500 MW. France’s world leading energy operator Total is considering a US$1.2-billion liquefied natural gas (LNG) and power complex project in Vietnam’s central province of Ninh Thuan, according to Vietnam Investment Review.