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CBRE Vietnam Real Estate Spotlight – W8 2019

Hanoi asks for a special mechanism to establish 4 new districts, HCMC limits building resettlement houses with state budget, Da Nang mulls $200 million investment in horse-racing course, ….


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    • 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
    • KOSMO Tay Ho (Tay Ho District)                              
    • Total units: 648 units
    • Scale: 10,895 sqm land area                                                              
    • Unit size: 58 – 118.9 sqm (1- 4 bedrooms)                                  
    • Price*: from VND 35 million psqm
    • Total units: 348 units
    • Scale: 31,015 sqm land area                                                           
    • Unit size: 57 – 106 sm (2- 3 bedrooms)                                  
    • Price*: from VND 25 million psm
    • FLC Green Apartment (Nam Tu Liem District)                              

* Prices included VAT

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    • Q7 Sai Gon Riverside Complex (District 7)

      • Total units: 3,580 units
      • Scale: 75,224.5 sm
      • Unit size: 53.2 – 86.69 sm (1 – 3 bedrooms)
      • Price: VND 29 million psm (excl VAT)
    • Charmington Iris (District 4)
    • Total units: 1,438 units                                                               
    • Scale: 16,645 sm land area
    • Unit size: 45 -122 sm (1 – 3 bedrooms)                                   
    • Price*: from VND 52 million psm

* Prices included VAT




















Dung Duong MRICS

Senior Director

T +84 286 284 7668



An Nguyen

T +84 24 2220 0220







The Hot New Market for Luxury Property Is Vietnam

Prices for luxury condominiums in Ho Chi Minh City climbed 17 percent in 2018 to an average of US$5,518 per square meter, according to CBRE Group Inc. The firm forecasts they’ll climb nearly 10 percent by early 2020 to US$6,000 per square meter. (More affordable condos in the city only increased 1 percent last year)



Phan Thiet airport project (Binh Thuan): Expected construction in quarter 3/2019

According to the People's Committee of Binh Thuan province, in order to strive to implement the project in quarter 3/2019 according to the registered schedule, the provincial leaders require the Department of Transport to actively work with the Ministry of Transport soon having contents of appraisal of the basic design of the project, coordinating with the Department of Planning and Investment to complete the evaluation and adjustment of the feasibility study report to the Provincial People's Committee for approval.



Japanese Brand Muji Will Open First Vietnam Store in 2020
Japanese household goods and apparel chain Muji plans to open in Vietnam next year. The company will establish its subsidiary Muji Vietnam this August with headquarters in Ho Chi Minh City. The first store is scheduled to open in the second quarter. Muji’s parent Ryohin Keikaku says it chose Vietnam as Muji’s next overseas market because of the country’s fast-paced development. Vietnam has the third-largest population in ASEAN and is undergoing rapid economic growth



AirAsia to begin operations in Vietnam in August
AirAsia’s representative told the local press that the carrier does not aim to scramble for aviation market share, but will build up a new market with air routes it plans to open such as Kuala Lumpur – Da Nang, Kuala Lumpur – Phu Quoc, Bangkok – Da Nang and Chiang Mai – Da Nang. AirAsia, the biggest low-cost air carrier in  Southeast Asia, and Thien Minh Group, with its subsidiary Hai Au Aviation JSC (HAA), are expected to officially submit the application for air transport service licenses in Vietnam.



Da Nang mulls $200 million investment in horse-racing course
A horse-racing course and horse breeding center are two proposed projects being considered by Da Nang City for 2019, worth a total of US$200 million.



Foreign investors pump US$6 billion into HCM City via M&A
As a popular investment channel for foreign investors in recent times, mergers and acquisitions (M&A) secured Ho Chi Minh City US$6 billion in foreign direct investment (FDI) projects in 2018. At a recent conference held in the southern largest economic hub, Vice Chairman of the municipal People’s Committee Le Thanh Liem said nearly 3,300 foreign investors were granted approval to register some US$6 billion in investment in the city through M&A deals.



HCMC approves design contest of downtown park
Ho Chi Minh City People’s Committee has approved a design competition for construction planning at a scale of 1:500 for September 23 Park in downtown city. The zoning design must connect in harmony with neighboring districts especially the Ben Thanh Market and Bui Vien, Pham Ngu Lao streets which are dubbed the city’s ‘backpacker area’. Moreover, the design must ensure connecting underground areas for parking purpose as well as meet the criteria for harmonious arrangement of greenery, lakes and public space in contribution to drainage for the park in the rainy season and sidewalks surrounding the park.



HCMC limits building resettlement houses with state budget

HCMC will limit spending the state budget for new resettlement projects but call on businesses to invest in the projects to meet demand in the city, said deputy chairman of the city People’s Committee Tran Vinh Tuyen at the meeting on the management of houses and housing land for resettlement purpose yesterday.



HCMC to test first metro line in October 2020

Deputy chairman of HCMC People’s Committee Tran Vinh Tuyen yesterday required HCMC Urban Railways Management Board (MAUR) to make efforts to finish the first metro line project, Ben Thanh-Suoi Tien, and launch trial operation at the end of October 2020 at the latest.



Hanoi asks for a special mechanism to establish 4 new districts

City People's Committee Hanoi said that it is setting up a project to establish 4 new districts, Gia Lam, Dong Anh, Thanh Tri and Hoai Duc in 2020. However, Hanoi said that these 4 districts still have some criteria that have not met the requirements. lawsuit to convert into a county. Specifically, balancing budget revenues and expenditures, infrastructure investment, density of urban roads, urban wastewater,s illuminated urban roads, public green land.