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CBRE Vietnam’s Top Property News Stories – W12/2016

Abundant opportunities in Vietnam's real estate​, Real estate seeks for foreign capital, How Bikini Airline Helped to Create Vietnam's First Woman Billionaire…

 

CBRE Newspaper Updates on Residential Ads

  • One new launch:

    • Block Mozart (Phase 2) – The Art Village (District 9)

      • Date of official launch: March 26th 2016
      • Unit size: 59 – 70 sqm (2-3 bedrooms)
      • Average price: VND 1.1 billion per sqm
  • Other advertisement:
  • Vinhomes Gold River Bason (District 1)

    • Consists of 60 storeys and 4 basements
    • Total construction area is 24 ha (expected)
    • Highest price: VND500 million per sqm

       

  • One new launch:

    • Vinhomes Times City – Park 10 Premium (Hai Ba Trung district)

      • Date of official launch: March 26th 2016, with total units launched about 600
      • Consists of 34 storeys and 12 elevators
      • Unit size: 68.1 – 178.4 sqm (2-4 bedrooms)
      • Average price: VND39 million – VND52 million per sqm
  • Other advertisements:
  • D Palais de louis (Cau Giay district)

    • ​Total number of units: 242 units
    • Unit size: 120.9 – 260.8 sqm
    • Average price: VND60 million- VND65 million per sqm
  • Hong Kong Tower (Dong Da district)
  • Total number of units: 260 units
  • Total construction area is 2,410 sqm, with 2 towers, 27 storeys
  • Unit size: 94 – 127 sqm (2-3 bedrooms)
  • Average price: VND35 million per sqm
  • The project has 1 tower with 39 storeys and 4 basements
  • Total number of units: 402 units
  • Unit size: 101 – 148 sqm (3-4 bedrooms)
  • Average price: VND27.3 million per sqm
  • CT4 Vimeco (Cau Giay district)

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Embattled Vietnam property developer pledges another $230 mln for Myanmar project​
Thanh Nien News 

Vietnamese real estate conglomerate Hoang Anh Gia Lai Group has started work on the second stage of a major project in Myanmar estimated to cost US$230 million. The amount accounts for more than half of the total projected cost of the Hoang Anh Gia Lai Myanmar Center in Yangon. The group announced at a groundbreaking ceremony Saturday that it would build five 28-storied towers with more than 1,134 apartments and offices in the second stage. It said it has leased out 60 percent of space at its two 27-storied office buildings and 100 percent of a shopping mall, which were completed at the end of last year.

 

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Authorities support Samsung’s $300 million R&D centre proposal​

Vietnam Investment Review

The Ministry of Planning and Investment and other relevant ministries, as well as the authorities of Hanoi have basically agreed to Samsung Electronics Vietnam (SEV)’s asking for incentives for developing its $300 million research and development (R&D) centre in the capital. Samsung suggested to the Hanoi People's Committee to implement the project at plot 12-CCV of the functional urban area South of Ring road 3, Nguyen Xien Road, Dai Kim Ward, Hoang Mai District. This is within the Central Park Manor Project invested by Bitexco Group.

 

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How Bikini Airline Helped to Create Vietnam's First Woman Billionaire
Bloomberg

Vietnamese Nguyen Thi Phuong Thao made her first million at 21 trading fax machines and latex rubber. Almost a quarter of a century later, she’s poised to become Southeast Asia’s first self-made woman billionaire known for putting bikini-clad models on her VietJet Aviation Joint Stock Co. planes and calendars.

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Five Vietnamese firms named on ’Asia 300’ list

Vietnam News

Japanese business publication Nikkei Asian Review recently listed the 300 largest companies in Asia (Asia 300), which includes five Vietnamese companies. Asia 300 is a list of the continent’s biggest and fastest-growing companies from 11 economies based on market capitalisation, growth potential and geographic balance. The Vietnam Dairy Products Joint Stock Company (Vinamilk), the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), FPT Corporation, PetroVietnam Gas Joint Stock Corporation and Vingroup appear on the list.

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Ten Vietnam's top property developers unmasked

VnEconomy

Japanese business publication Nikkei Asian Review recently listed the 300 largest companies in Asia (Asia 300), which includes five Vietnamese companies. Asia 300 is a list of the continent’s biggest and fastest-growing companies from 11 economies based on market capitalisation, growth potential and geographic balance. The Vietnam Dairy Products Joint Stock Company (Vinamilk), the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), FPT Corporation, PetroVietnam Gas Joint Stock Corporation and Vingroup appear on the list.[The original article is available in Vietnamese only.]

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Real estate seeks for foreign capital
Thoi Bao Ngan Hang

Real estate market is worried by the possibility of shrinking funds flow from the banking system under the revised adjustment of Circular 36 to ensure the safety of the banking system. From early March until now, a number of real estate companies and some investors have taken steps to prepare for the rigors of the upcoming business capital. [The original article is available in Vietnamese only.]

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FPT is right when wanting  to sell FShop, and The Gioi Di Dong should also do so!
Cafe F

 

Recently, FPT has begun finding partners to resell segment of  its retail distribution, including FPT Trading and FPT Shop.  Although FPT announced to sell some shares only instead of selling the entire array, divestment from this area have long been proposed by the Board of Director. During the shareholders' meeting last year, Chairman Truong Gia Binh made ​​no secret of the intention to sell the retail distribution division to concentrate on  telecommunication investment. [The original article is available in Vietnamese only.]

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Vietnam to see continued momentum in real estate M&As in 2016
Deal Street Asia

The real estate market in Vietnam is poised to see merger and acquisition frenzy in 2016 driven by heightened deal activity both by local and overseas players who are looking to consolidate their presence in the country. Investments into commercial and industrial properties particularly will see momentum given the opportunities arising out of free trade deals, experts concurred at a seminar to discuss long-term funding options for real estate, held on Wednesday.


 

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Abundant opportunities in Vietnam's real estate​

Property Guru

Just months after the liberalisation of Vietnam’s Housing Law on 1 July 2015, allowing for foreign property ownership, the majority of foreign buyers have yet to consider Vietnam as a property investment destination. Such muted response in a market highly rated by institutional investors and property developers (while individual buyers continue to invest in less competitive countries), continues to baffle.

 

 

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Quarter I/2016: GDP showing signs of slowing down, real estate displays positive growth
Nguoi Dong Hanh

GSO has released economic growth figures Q1 2016. Accordingly , the total domestic product at constant prices increased by 5.46 % in 2010 compared to the same period last year and there are signs of slowdown with a growth rate of 6.12 % for the same period in 2015 and 5.9 % in 2011. [The original article is available in Vietnamese only.]

 

 

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US$151 million complex started construction in Quảng Ninh

Biz Hub

The FLC Group, on Sunday, officially began construction of the FLC Hạ Long resort complex in the northern Quang Ninh Province's Ha Long City. Encompassing an area of 224 hectares (ha), the VND3.4 trillion (US$151 million) project would have an 18-hole golf course, an international convention centre, a five star hotel and a high-end resort. The golf course is expected to become operational by the end of this year while the entire complex is scheduled to be completed in 2017.

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Hung Yen to get new Nestle factory

Biz Hub

The Nestle Group began the construction of a new US$70-million food and beverage factory in the northern Hung Yen Province on March 16. Managing Director of Nestle Vietnam Ganesan Ampalavanar said the new plant was the sixth of its kind in Viet Nam and the second in the province. The 10ha plant will produce food and beverages such as milk, coffee, confectionary and nutrition products to meet the domestic market demand. It is scheduled to become operational in May 2017, and will generate jobs for 300 local people. The number of workers will be doubled in 2020.

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Hoa Sen to build $135 million Ha Nam factory

Vietnam Economic Times 

The Hoa Sen Group has begun construction of a $135 million factory manufacturing steel pipes, hot dipped galvanized steel pipes, uPVC pipes, and HDPE pipes, at the Kien Khe I Industrial Zone in northern Ha Nam province. The factory will be built in two stages and be completed by September 2018. It will contribute significantly to the provincial budget and create about 800 jobs.

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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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