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CBRE Vietnam’s Top Property News Stories – W1/2016

China Halts Stock Trading After 7% Rout Triggers Circuit Breaker, Vietnam Weakens Dong Fixing as It Adopts Market-Based Rate, Vingroup offers accommodation in western Ha Noi…

 

CBRE Newspaper Updates on Residential Ads

 
  • The most actively advertised project is:

    • ​9 View in District 9:

      • Total area of 12,627 sm with 3 blocks
      • Number of apartments is 690 units
      • Scale from 58.1 sm to 86.98 sm;
    • Cityhome in District 2:
    • Launch last 70 units on 9th January 2016
    • Price from VND1.3 million for apartment 72 sm;
    • Launch on 5th December, 2015
    • Total area: 17.3 ha
    • 342 townhouses and 100 villas
    • Price: from VND2.7 billion/uni
    • Melosa Garden in District 9:

  • New launch:

    • Packexim 2 Tay Ho  in Tay Ho District:

      • Units have price from VND24.5 million with area of 60sqm, 63 sm and 75 sm
      • Construction progress: 15th floor in total 21 floor
      • This project use “green” materials which save environment and energy;
  • Other advertisement:
  • Vinhomes Gardenia  in Tu Liem District:

    • This apartment part named Arcadia has area from 54 sm to 146.8 sm (1 –  4 bedrooms)
    • The first project has duplex model with area of 98 – 102 sm;
  • FLC Garden city in Tu Liem District:
  • 5 buildings with more than 1,600 units which have area of 45 – 100 sm
  • The location is convenient for transportation and living environment;
  • 1500 units sold (90% in total)
  • Interest rate 0% until handing over the key
  • Average area of units are 66 – 71 sm for 2 bedroom units, 96 – 125 sm for 3 bedroom units.
  • Imperia Garden in Thanh Xuan District:

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AON Holdings Becomes New Owner of Hanoi Landmark 72

The Korea Economic Daily

AON Holdings, Korea's mid-sized financial group, will be the new owner of the Keangnam Hanoi Landmark Tower, Vietnam's tallest building, from Keangnam Enterprises. According to investment banking sources on December 16, Samjong KPMG, the principal underwriter for selling debts of Landmark 72, has recently selected AON Holdings as the preferred bidder to the deal. The debts owed by Keangnam are currently held by a project financing creditor group consisting of five commercial banks and ten savings banks.

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Vietnam Weakens Dong Fixing as It Adopts Market-Based Rate

Bloomberg Business

The State Bank of Vietnam reduced the dong’s reference rate for the first time since August, it lowered the fixing by 0.03 percent to 21,896 against the greenback on Monday, after the currency sank to the limit of its permitted trading range in late December. The monetary authority had kept the rate unchanged since Aug. 19, when it cut the fixing by 1 percent and increased the currency’s trading range to 3 percent on either side.

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PMI improves in December

Vietnam News

The Purchasing Managers' Index (PMI) in Viet Nam, an indicator of manufacturing performance, increased from 49.4 in November to 51.3 in December, a Nikkei report, released on Monday, said.  The first increase in new orders in four months supported the strengthening of the manufacturing sector, amid improving client demand. New export orders also grew in December, the first solid expansion since May.

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China Halts Stock Trading After 7% Rout Triggers Circuit Breaker

Bloomberg Business

The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation’s new market circuit breakers to the test on their first day. Trading was halted at about 1:34 p.m. local time on Monday after the CSI 300 Index dropped 7 percent. An earlier 15-minute suspension at the 5 percent level failed to stop the retreat, with shares extending losses as soon as the market re-opened. Traders said the halts took effect as anticipated without any major technical problems.

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Bac Ninh attracts foreign investors

Vietnam News

The northern province of Bac Ninh has become a magnet for foreign investors thanks to its attractive investment environment and infrastructure system with a series of modern industrial zones (IZs). In the 2011-15 period, the province attracted more than US$12.1 billion in investment, of which foreign direct investment (FDI) accounted for $10.7 billion. In 2015, Bac Ninh led the nation in investment attraction with a total of over $3.7 billion. Samsung Display Vietnam Co Ltd decided to increase its investment in the Yen Phong Industrial Zone by $3 billion after pouring $1 billion into the zone a year earlier, raising the total capital Samsung Group has so far invested in the province to $6.5 billion. After 18 years of development, Bac Ninh's IZs have proven themselves as destinations for global economic giants including Pepsico, Samsung, Canon, ABB and Microsoft.

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Vingroup offers accommodation in western Ha Noi

Bizhub

Vingroup subsidiary Vinhome 2 Real Estate Business Co. will introduce the Vinhomes Gardenia in Nam Tu Liem District on January 10. Spanning 17.6ha in the My Dinh New Urban Area. Gardenia property is divided into two parts: the Arcadia and the Botanica. The Arcadia comprises three high-rise residential buildings with apartments ranging in size from 54sq.m to 146.8sq.m containing one to three bedrooms. It also includes other facilities such as tennis courts, a children's playground, and a BBQ garden, arranged around a 50-meter swimming pool. Meanwhile, the Botanica provides villas, shophouses and duplex villas that lie along the main landscape between facilities such as a flower hill, a children's playground, bike lanes, tennis courts, and a jogging track. The villas cover an area between 277sq.m and 382sq.m and are separated by fences and green landscapes.

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Tuan Chau Group to build tourism complex in Quang Nam
Bizhub

The Tuan Chau Group will start construction of an entertainment, tourism and real estate complex with total investment capital of VND3 trillion (US$133.3 million) in Dien Ban in the central province of Quang Nam later this year. Tuan Chau Group had completed land clearance to begin the first stage of the project this year. The project would play a crucial role in boosting socio-economic development in the province.

 

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Thai giant complete the deal with Metro Vietnam

CafeF

On January 7, the Germany-based company, Metro AG, announced that it has finished the deal to sell Metro Cash & Carry Vietnam to TCC Holding of Thailand. Metro Vietnam, which held 19 supermarkets and many related land, was sold at the price of EURO655 million, equivalent to VND16,000 million. Metro revealed that TCC had completely paid for this deal.[The original article is available in Vietnamese only.]

 

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Hanoi will have a new urban area in the South of Linh Dam lake

CafeF

The South Linh Dam Lake urban area project covers an area of 147.85 ha, faces Linh Dam Lake General services and housing area in the North, South West Linh Dam Lake NUA in the West, To Lich River in the South and National Road 1A in the East. The project includes a combination of both low and high rise buildings with the 35-floored building is the highest.[The original article is available in Vietnamese only.]

 

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Hanoi-Bac Giang Expressway opened to traffic

Vietnam Plus

A 46km session of National Road 1A from Hanoi to Bac Giang province was opened to traffic on January 3 after 18 months of upgrade work, and six months ahead of schedule. Built under the BOT (build-operate-transfer) model, the 4.2 trillion VND (197.4 million USD) road meets expressway standards and allows a maximum speed limit of 100km per hour. The project aims to fulfill the increasing demand for transport between Hanoi, Bac Ninh and Bac Giang while helping to reduce accidents and traffic jams on National Road 1A and contributing to socio-economic development.

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Hanoi: 2 biggest underground tunnels will be opened

CafeF

Thanh Xuan tunnel, 980m of length, which was constructed from June, 2014 in cross – section Nguyen Trai  – Khuat Duy Tien ( Thanh Xuan district), has total capital of VND500 billion, using Japanese ODA. Trung Hoa tunnel, 700m of length, which followed Thang Long avenue – Tran Duy Hung way, was constructed from beginning of 2015 with total capital of VND700 billion. When they are used, this interchange will be a 3- floored modern one in Hanoi, which helps transportation be more convenient.[The original article is available in Vietnamese only.]

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Planning 25.5 ha Park in South Tu Liem district

Cafe Land

Hanoi People’s Committee has approved detailed plan Thi Cam Park with ratio 1/500 in Xuan Phuong ward, South Tu Liem district. Thi Cam park has total area of 25.5 ha with such functions as entertainment, organizing festival, carnival,… The park will also be the primary infrastructure of Hanoi.[The original article is available in Vietnamese only.]

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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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