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CBRE Vietnam Real Estate Spotlight – W9 2019

CBRE opens new HCMC office, FLC Group to build 24 projects in Quang Ninh, Lotte Mart Vietnam expands in Hanoi…


  • One new launch:

    • The Legacy (Thanh Xuan District)                              

      • Total units: 252 units
      • Scale: 9,108 sqm land area                                                              
      • Unit size: 53 – 85 sqm (2- 3 bedrooms)                                  
      • Price*: from 36 VND  million psqm
  • Advertisement:
  • Housinco Premium (Thanh Xuan District)                              

    • Total units: 400 units
    • Scale: 5,630 sqm land area                                                              
    • Unit size: 62 –176 sqm (2- 5 bedrooms)                                  
    • Price*: from VND 26 million per sqm
  • Anland Premium (Ha Dong District)                              
  • Total units: 575 units
  • Scale: 8,570 sqm land area                                                              
  • Unit size: 54 – 85 sqm (2- 3 bedrooms)                                  
  • Price*: from 24 VND  million psqm
  • Total units: 270 units
  • Scale: 2,349 sqm land area                                                              
  • Unit size: 74.18 – 115.61 sqm (2- 3 bedrooms)                                  
  • Price*: from VND 31 million psqm
  • The Sun (Nam Tu Liem District)                              

* Prices included VAT

  • No New Launch                          
  • Advertisement:                                             

    • 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






CBRE opens new HCMC office

After 16 years in Vietnam’s real estate market, CBRE Vietnam recently marked a new milestone by opening a new main office in Ho Chi Minh City, at the A&B Tower building in District 1, which is designed with an open office concept focusing on elements such as modernity, comfort and flexibility.

The office has an open work space with low desks and hot desks for staff to choose where they feel most comfortable. At the end of each working day, the desk is fully cleared and returned to its original state. Highly advanced computer and phone systems are installed at each desk so that staff can move to different desks without affecting the use of equipment.



FLC Group to build 24 projects in Quang Ninh

FLC Group is exploring investment opportunities in 24 projects in the northeastern province of Quang Ninh. The projects are expected to be implemented in five localities in the provinces including Ha Long, Mong Cai, Cam Pha, Uong Bi and Van Don.


Three of the 24 projects are under implementation including Ha Long Start Golf course covering 95.5ha, FLC Ha Long complex with total area of 51.4ha and Ha Khanh Urban Area, including 2,600 terrace houses and 927 apartments.



Phu My Hung pours millions USD into infrastructure
The Phu My Hung Development Corporation announced that a number of infrastructure works are set to be finished this year. The Ca Cam 1 Bridge, which cost US$4 million, is the first infrastructure work put into operation at the end of 2018. The bridge, on Tan Phu Road and spanning the Rach Cau Cam River, plays an important role since it connects the Southside District and the Commercial and Financial District in the Phu My Hung City Center. The construction of Ca Cam 1 Bridge makes much sense because many new projects have been completed in the Southside District like the Happy Residence and Nam Phuc Le Jardin. Ca Cam 1 is the sixth and last bridge to be built in the Phu My Hung City Center and completes the city centre’s transportation infrastructure.

Along with Ca Cam 1 Bridge, Phu My Hung Development Corporation this year will also focus on upgrading inner roads and other infrastructure. In the second quarter of this year the expansion of Nguyen Van Linh Parkway from Nguyen Thi Thap to Tan Thuan Industrial Zone will be widened from six lanes to 10 lanes.



Da Nang licenses $419m in new projects; $2.6b proposed
The central city’s People’s Committee said it had granted licences to seven foreign direct investment projects worth US$419.4 million, and agreed investment research for 15 other projects worth an estimated US$2.6 billion. The city said the projects included three automobile production and accessories projects from Malaysia, Russia and Taiwan, and two tourism property projects from Japan.



Lotte Mart Vietnam expands in Hanoi
The South Korean retailer’s new 2776sqm branch is located in the urban district, near seven local universities. Targeting local students, the branch will offer trendy but inexpensive products. Lotte Mart Vietnam head of overseas business Kang Min-ho said the firm is planning to expand its business in the country, mainly focusing on Hanoi and Ho Chi Minh City. Lotte Mart now has 14 stores in Vietnam.



Vinhomes chairman steps down, new chairwoman takes over
Pham Nhat Vuong has stepped down as Vinhomes chairman, the residential property arm of Vingroup, Vietnam's biggest private conglomerate. As per the outgoing chairman’s recommendation, Nguyen Dieu Linh, 45, has been appointed as Vinhomes chairwoman. No reason was mentioned for this move. Ms. Linh was earlier the vice president and general director of Vinhomes, representing more than 1.1 million of Vinhome shares (34.83 %) owned by Vingroup.



Major aviation deals inked as US, Vietnam presidents meet
Three major aviation deals were signed Wednesday in the presence of Vietnamese and U.S. presidents Nguyen Phu Trong and Donald Trump. Budget airline Vietjet signed with U.S. airplane manufacturer Boeing Company a deal to buy 100 new narrow-body 737 MAX airplanes worth US$12.7 billion. New airline Bamboo Airways also inked a deal with Boeing for 10 wide-body 787-9 Dreamliners worth almost US$3 billion. Vietnam Airlines signed a US$300-million for strategic partnership deal in aviation information technology with U.S.-based technology company Sabre Corporation.



Pre-feasibility study of high-speed railway project submitted to PM

According to a pre-feasibility study report for North-South high speed railway project, the total length of the railway is about 1,560 km, running along the North-South corridor, going through 20 localities, connecting Hanoi and Ho Chi Minh City. Of the total, the 14-km section in Hanoi shares the infrastructure with the Hanoi urban railway No. 1 (from Hanoi station to Ngoc Hoi station), and the remaining connects Ngoc Hoi station to Thu Thiem station, with 27 stations, five depots, and 42 infrastructure maintenance facilities. It is designed for passenger trains to run with a maximum speed of 350km/hour. 

The first phase of the project has a total investment of 561.6 trillion VND (about 24.71 billion), while the second costs 772.6 trillion VND. The whole project is scheduled to be completed in 2050. 



VND10-trillion antiflooding project in HCMC to be completed by end-2019

Some 72% of the project work has been completed, if HCMC authorities hand over cleared sites on June 30 as committed, the developer will speed up efforts to put the project into operation at the end of the year or in the first quarter of 2020.



Ban on motorcycles under discussion

Speaking at a conference held by the HCMC Fatherland Front Committee on March 1 to discuss a draft to improve public transport and curb the use of private motor vehicles, participating experts proposed the ban on motorcycles should be reconsidered. Vice chair of the HCMC Lawyers Association, stated that motorbikes remain a major mode of street transport, accounting for 90% of the total vehicles on roads. Meanwhile, public transport has yet to meet residents’ travel needs. He was also worried about the feasibility of the ban, adding that it could go against residents’ travel rights as the country has yet to issue regulations prohibiting people from travelling.