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CBRE Vietnam Real Estate Spotlight – W6 2018

Vietnam attracts over 1 billion USD in FDI in January, POSCO E&C to Build Vietnamese Wharf Facility Worth $680 Million , K-Exim studies to invest in Metro line no.4 Thanh Xuan – Hiep Phuoc township , …

 

CBRE Newspaper Updates on Residential Ads

       

  • No new launched
  • Advertisements:

    • Q2 Thao Dien

      • Total units: 315 (for condos only)
      • Scale: one 32-floor block
      • Unit size: 50 – 180 sm (1 – 4 bedrooms)
      • Price*: from VND 60 million/sm
    • Dream Home Riverside
    • Total units: 2000 (for condos only)
    • Scale: six 25-floor blocks
    • Unit size: 56 – 75.12 sm (1 – 3 bedrooms)
    • Price*: from VND 19 million/sm
    • Total units: 900 (for condos only)
    • Scale: two 33-floor blocks
    • Unit size: 45 – 92 sm (1 – 3 bedrooms)
    • Price*: from VND 46 million/sm
    • Masteri An Phu


* Prices included VAT

       

  • No new launched
  • Advertisement

    • Northern Diamond (Long Bien district)

      • Total units: 196 units
      • Scale: 9,166 sm land area
      • Unit size: 94.4 – 107.6 sm (2 – 3 bedrooms)
      • Price*: from VND 28 million psm
    • TNR Goldmark City (Bac Tu Liem district)
    • Total units: 5,000 units
    • Scale: 113,909 sm land area
    • Unit size: 74 – 172 sm (2 – 4 bedrooms)
    • Price*: from VND 23 million psm
    • Total units: 359 units
    • Scale: 41,798 sm land area
    • Unit size: 60 – 135 sm (3 – 4 bedrooms)
    • Price*: from VND 55 million psm
    • La Casta – Landed Properties (Ha Dong 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, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, Vnexpress

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POSCO E&C to Build Vietnamese Wharf Facility Worth $680 Million 
BusinessKorea

POSCO E&C signed a contract with Vietnam Long Son Petrochemical (LSP) for the construction of a wharf facility worth 750 billion won in HCMC, Vietnam. The project which will build the first petrochemical complex in Vietnam will produce 1 million tons of ethylene and 1.2 million tons of petrochemical products on Long Son Island in Ba Ria-Vung Tau Province about 150 km southeast of HCMC in Vietnam. The project will cost about 5.7 trillion won (US$5.1 billion). POSCO E&C will carry out work to build 28 petrochemical storage tanks with a total storage capacity of 300,000 tons at the petrochemical complex, raw material transfer pipelines, a quay for raw material products and marine facilities. The builder is aims at completing them in 2022.
 

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K-Exim studies to invest in Metro line no.4 Thanh Xuan – Hiep Phuoc township 
NDH

HCMC has approved the Korea Export Import Commercial Joint Stock Bank (K-Exim) to invest in the project of constructing a metro urban railway No. 4 (Thanh Xuan – Hiep Phuoc urban area). The metro route number 4 has a total length of about 35.75 km (17.77 km on high and 16.18 km underground). Direction from Thanh Xuan (District 12) – Ha Huy Giap – Nguyen Oanh – Nguyen Kiem – Phan Dinh Phung – Hai Ba Trung – Ben Thanh – Nguyen Thai Hoc – Ton Dan – Nguyen Huu Tho – Hiep Phuoc urban area Rafting). The total number of stations is 32 stations (14 underground stations and 18 elevated stations). Depot No. 1 with an area of 24.93 ha in Thanh Xuan ward, District 12. Depot No. 2 with an area of 21.28 ha in Hiep Phuoc, Nha Be.

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World's longest sea cable car route inaugurated in Vietnam  
Straitstimes

The cable car connects An Thoi Town and Hon Thom Island. According to the Voice of Vietnam radio station, the cable car enables passengers to traverse the 7.9km route in just 15 minutes, with a maximum speed of 30km per hour. The system has 69 cars capable of carrying 30 passengers at a time each. It uses modern three-stand cable car technology. The cable car system and the Sun World Hon Thom Nature Park will officially open to tourists next Wednesday, two days before the Lunar New Year.

 

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5 biggest M&A real estate deals in Vietnam in 2017
Nguoitieudung

1/ Phuc Khang with Mitsubishi Group: Mitsubishi Corporation (49%) and Phuc Khang Corporation (51%) to form Phuc Khang Mitsubishi Corporation Holding (PKMC). Business value: 500 million USD. 2/ An Gia Investment in cooperation with Creed Investment Fund. An Gia Investment and Creed Group (Japan) announced the completion of the purchase of 5 blocks of Lacasa Complex residential area, District 7, HCMC from the Van Phat Hung Group. Transaction value: 3,500 billion VND. 3/ Nam Long cooperates with Hankyu Realty and Nishi Nippon Railroad to develop the Mizuki Park project. Transaction value: 8,000 billion VND. 4/ CII and Hong Kong Land. Business value: 400 million USD. 5/ Keppel Land acquires 2 projects. Transaction value: $297 million.

 

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Vietnam's tallest skyscraper surpassed 400m height
theleader

Coteccons, the main contractor of Landmark 81, has completed construction of the crown base of the tower which has a height of 400.4 meters and is an important structure to make Landmark 81 become the highest tower in Vietnam. According to Coteccons, it has successfully completed the superstructures of the tower 45 days ahead of schedule. After being inaugurated, Vingroup's iconic building will be a tower consisting of offices for lease, trade center, restaurants, hotels, bars, serviced apartments and observation deck.

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Starbucks Vietnam launches in Da Nang 
Insideretail

On the ground floor of the unfinished Hilton hotel complex, it is the US coffee chain’s first outlet for the tourist city. To mark its fifth anniversary, Starbucks Vietnam is offering special prices with extra points under its Starbucks Rewards program. The company has also re-introduced its Starbucks Reserve Da Lat coffee, which first made an appearance in 2016.

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Real estate giants offer to fund feasibility studies for three metro lines in Hanoi
VnExpress

Vingroup and T&T will undertake feasibility studies for 3 metro lines planned for Hanoi if a proposal submitted by the city receives approval. The government has asked related ministries and Vietnam Railways, the state-owned operator of the railway system in Vietnam, to look into the proposal for Vingroup and T&T to fund their own pre-feasibility and feasibility studies with no strings attached, meaning if their findings are rejected they will not demand payment. Vingroup wants to study two routes stretching 38.4 kilometers (23 miles) and 5.9km, while T&T wants to look into a line that will run 54km. If their studies are approved, the 2 companies said they are willing to transfer them to the city and the chosen investors without charge. 


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Vietnam attracts over 1 billion USD in FDI in January
CAND

Vietnam attracted nearly 1.3 billion USD in FDI. Manufacturing remained the most appealing sector, attracting 746.8 million USD into both new and operational projects in January and accounting for 83% of total foreign investment. M&A outlays totaled 162.2 million USD. Foreign investors poured capital into 24 cities and provinces around the country. HCMC ranked first, with 52 million USD (11.8% of the total), followed by Nam Dinh, Ninh Thuan and Binh Duong with 80.2 million USD, 60 million USD, and 36.7 million USD respectively. Singapore was the largest investor in Vietnam during the opening month of the year in terms of fresh capital, with 147.7 million USD. Following were Korea and Norway, with 70.4 million USD and 70.1 million USD.

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Vietnam enjoys fastest wealth growth in the world: report
VnExpress

Wealth in Vietnam grew 210% between 2007 and 2017, and the country’s wealth market is predicted to continue growing another 200% in the next 10 years, according to a report by market research company New World Wealth and interpreted by Visual Capitalist. The Wealth Report by the independent U.K. real estate consultancy Knight Frank found there are 200 ultra high net worth individuals (UHNWI) in Vietnam. This super rich group rose by 320% between 2000 and 2016, the fastest in the world compared to India’s 290% and China’s 281%, the report said. 

 

National Assembly approves establishment of Phuc Yen City
Thanhnien

National Assembly approves establishment of Phuc Yen City in Vinh Phuc Province. According to the master plan in the proposal, Tien Chau Ward was based on 7.14km2 land area, 12,689 people of Tien Chau commune. Nam Vien Ward was based on 5.88km2 land area, 8,489 people of Nam Vien commune. 

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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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