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CBRE Vietnam’s Top Property News Stories – W13/2015

Officially launch Park 3 (Time City Project) on 21 March,VinGroup starts $33 million project in Hue,$550m resort set for Halong City…

 

CBRE Newspaper Updates on Residential Ads 

 

 

 

  • The most actively advertised projects are:

    • Duong Hong Garden House in Binh Chanh District:

      • 3nd launch on April 4th 2015
      • Payment term is 10 months; discount 100 mil/ plot for the first 30 buyers
      • Price is from 1,6bil/ plot (95-200 sm);
    • An Gia Star in Binh Tan District:

      • Total is 480 units
      • Scale is from 50 sm to 68 sm/unit
      • Price is from 599 mil/unit;
    • Riviera Point in District 7:

      • 12 blocks 39-40 floors
      • Price is from 32 mil/sm/unit
      • Scale is from 90.5 to 148.8 sm/unit;
    • The Sun City Phuoc Kien District:

      • Launch phase 2 on April 5th 2015
      • Units launched is 45. Scale is from 120 to 420 sm/unit
      • Price is from 12 mil/sm.
  • One re-launch:

    • HP Landmark Tower – The Pride in Ha Dong District:

      • Promotion: free gifts such as TV, fridge…
      • Financial support: MB Bank to provide loans of up to 80% of apartment’s value, 6%/annum interest rate
  • Advertisment activities:

    • Park 3 – Vinhomes Times City – Park Hill in Hoang Mai District:

      • More than a thousand guests attended the launch ceremony; 300 units sold
      • Promotion and Financial support: chance to win free gifts TV, iPhone 6, iPad…; Techcombank to provide loans of up to 70% of apartment’s value
    • Park View Residence in Ha Dong District:

      • Ground breaking ceremony on 18 March 2015
      • Expected price: from VND19.8 mn per sm (VAT included, fully-furnished)

 

Hotel Royal Hoi An joins the Mgallery Collection

Vietnam Investment Review

Hotel Royal Hoi An is the latest addition to the MGallery Collection in Vietnam. Standing majestically on the banks of the picturesque Thu Bon River, the upscale property has taken pride of place in the Unesco World Heritage town of Hoi An in Central Vietnam. The hotel’s 119 guestrooms induce total relaxation as a serene haven of peace and tranquillity, each exhibiting an antiquated yet romantic touch. The rooms are adorned with dark wood and handcrafted furnishings and fixtures that bring the city’s storied past back to life.

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VinaCapital partners-up on new South Hoi An deal

VOV

After over two years of searching, Vietnam-focused asset management firm VinaCapital has finally found prestigious partners including Macau-based SunCity Group and Hong Kong-based Chow Tai Fook Enterprises Ltd to replace Malaysia’s Genting Group for their proposed US$4 billion integrated casino resort in Quang Nam province.

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VinGroup starts $33 million project in Hue

Vietnam Investment Review

VinGroup has started the construction of a trade center complex and five-star hotel in the central Hue city. This project is spread over 4,500 square metres in the city’s downtown with a total investment of VND 700 billion (US$33.3 million), is schedule to become operational next March. The project would include the Vincom Hung Vuong trade center and the Vinpearl Hue 16-storey hotel.

 

Officially launch Park 3 (Time City Project) on 21 March

Land Today

On 21 March,  in Melia Hotel, Dat Xan Mien Bac – the exclusive distributor of Park 3 building (located at Vinhomes Times City – Park Hill) established the first launch of this building. Park 3 Building located at center of Times City, including swimming pools systems, schools, playground, and apartment from 1-4 bedrooms with size around 53m2 and 151m2. When purchase apartment at this time, customers will receive large incentives such as discounts prepaid at interest rate of 7% / year. Besides, Techcombank will also supported loans with limits up to 70% of the apartments within 15 years and interest rate of 0% for 10 months. [The original article is available in Vietnamese only.]

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Tac Dat Tac Vang co-invest in IJC@VSP project

Dau Tu Chung Khoan

Last week, Tac Dat Tac Vang Joint Stock Company signed contract with Becamex IJC Company to co-invest in the commercial urban project namely IJC@VSIP – Binh Duong New City. After signing the contract, Tac Dat Tac Vang will work on the design and develop items which relates to restaurants, catering services, supermarket, amusement park in the project within this year.[The original article is available in Vietnamese only.]

 

Continue to allow Formosa to rent land in 70 years

Lao Dong

On March 25th, the Government Inspectorate announced the conclusion of inspection report in Ha Tinh. Here, the Government Inspectorate also announced the conclusion of the Office of Government about continuing to allow Formosa to rent land in 70 years, also keep the land rent, water surface rent that Formosa already paid.[The original article is available in Vietnamese only.]

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Vingroup invest VND 1.4 trillion to Vineco Agriculture

CafeF

Vingroup is excited to be able to expand their presence into the agriculture marketplace and become accessible to the nation’s farmers. Particularly, the company will contribute VND1.4 trillion ($65.1 million) to hold a 70 per cent stake in VinEco Agriculture Investment and Development Co Ltd, and VND28.2 billion (94 per cent) in VinAcademy Education and Training Co Ltd. In the construction industry, Vingroup is planning to set up four companies, each with a charter capital of VND10 billion. In addition, the Hanoi-based property developer will receive 94 per cent holding in Sieu Toc Logistics JSC to gain a foothold in this industry.[The original article is available in Vietnamese only.]

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VSIP to buy Cam Dien – Luong Dien Industrial Park

Vietnam Economic Times

A representative from the Vietnam Singapore Industrial and Urban Development JSC (VSIP) has confirmed that it will purchase the Cam Dien – Luong Dien Industrial Park in northern Hai Duong province for an undisclosed sum and that all the necessary paperwork has been set in train.

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Asia’s About to Spawn a New Tiger Economy: Good Morning, Vietnam

Bloomberg

Perched along one of the world’s most crucial shipping routes, and with a young and growing population, Vietnam is — once again — being tipped for economic lift-off, after years of disappointment. According to PricewaterhouseCoopers LLP, the country has the potential to become one of the world’s fastest-growing economies over the period to 2050. Not only is the Southeast Asian nation gaining ground as a cheaper manufacturing alternative to neighboring China, Vietnam is also a politically palatable destination for Japanese firms boosting investment in the region amid recurring Sino-Japan spats.

 

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French group to raise $3b for Long Thanh Airport

Vietnam News

The French group Aeroports de Paris (ADP) will collaborate with the financial services holding company Credit Swiss to mobilise US$2.5 billion to $3 billion for Long Thanh International Airport Project in Viet Nam's Dong Nai Province.

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