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CBRE Vietnam’s Top Property News Stories – W16/2016

Sungroup to invest VND 10 billion in Thanh Hoa Real Estate, Lotte Shopping to pull out from auction of Casino's Vietnam retail chain: sources​, Vietnam among Asia's top 10 investment hotspots: report​…

CBRE Newspaper Updates on Residential Ads

  • One new launch:

    • Riva Park (District 4)

      • Date of official launch: April 24th 2016
      • Total units: 320 units with 18 storeys
      • Average price: from VND 29 million per sqm (excluded VAT)
      • Unit size: 58 – 113 sqm
  • Advertisements:
  • River City (District 7)

    • Total units: 8.000 units (officetel – shophouse) with 12 blocks
    • Total size: 112.585 sqm
    • Average price: VND 33 million per sqm
  • City Gate Tower (District 8)
  • Total units: 1,092 units
  • 5 Blocks: 1 Block/ 12 storeys –  Office + 4 Block/ 25-27 storeys – Condominium
  • Average price: from VND 14.5 million per sqm
  • Unit size: 67 – 86 sqm
  • Total scale: 6,500sm, with 19 floors, 2 basements, 564 apartments + 45 shop house
  • Unit size: 53 – 98.4 sqm
  • Average price: from VND 34 million per sqm
  • The Botanica (Tan Binh District)

       


  • Two new launches this week:

    • Goldmark Sapphire 1 (North Tu Liem District)

      • Date of official launch: April 15rd 2016, with total units launched 120 units
      • Unit size: 113.64 – 172.9 sqm (3 bedrooms)
      • Average price: VND24.7 – 28.9 million per sqm (included furniture, VAT and maintain fee)
    • West Bay Ecopark (Hung Yen Province)
    • Date of official launch: April 16rd 2016, with total units launched 600 units
    • Total units:  1,000 units.
    • Unit size: 45 – 90 sqm (1-3 bedrooms)
    • Average price: from VND688 million per unit (excluded VAT and maintain fee)
  • Other advertisements:
  • Pandora (Thanh Xuan District)

    • Total units: 104 villas and terraced houses
    • Unit size: 147 – 264.1 sqm (2-3 bedrooms)
    • Average price: VND72 million per sqm (included VAT)
    • Expected completion: December 2019
  • FLC Twin Towers (Cau Giay District)
  • Two mixed-use towers including residential, office and retail
  • Total units: 420 units
  • Average price: from VND34.8 million per sqm (excluded VAT)
  • Unit size: 92 – 125 sqm


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Vietnam's Hot Firms Play Hard To Get With Keen Foreign Investors​
Forbes

 

 Foreign investors have been waiting, with growing impatience, for Vietnam to make a colossal change: let them own majorities of the country’s hot but elusive listed firms. This month a slew of companies you might want to invest in – as proxies of the fast-growing Southeast Asian economy – are holding their first annual general meetings where it makes sense to discuss opening further to foreign funds. In June, after two years of on-again, off-again discussion, the government approved a decree allowing Vietnamese companies to go as high as 100% foreign, in principle.

 

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​Real estate returns to real value
Thanh Nien News

At the Forum of the real value of the property held by the Association of Real Estate VN (VNREA) on 20.4, experts and businesses think customers are the key factors that make up the real value of the real estate courtyard. Nguyen Tran Nam, President of VNREA, confirmed that property (real estate) is difficult to reduce because current prices are only about 40-50% compared with the mid-2010 to early 2012, when the investor's profit fell about 10 – 20%. [The original article is available in Vietnamese only.]

 

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IB and AIIB signed agreement for the first common loan program
Vietnam Plus

On April 13th, the World Bank (WB) announced it has signed an agreement with the Asian Infrastructure Investment Bank (AIIB) for the first common loan program.
Under the agreement World Bank President Jim Yong Kim and Chairman Kim Lap AIIB Clothing signed in Washington (USA), the World Bank will participate in loans of $ 1.2 billion, expected to be renewed this year by AIIB. The two sides are discussing the contribution of capital for over 10 projects in areas such as transport, water and energy in Central Asia, South Asia and East Asia. [The original article is available in Vietnamese only.]

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Social housing "thirsts" for long-term preferential credit

Cong An Nhan Dan

Houses are finished but customers do not dare sign the purchase agreement. That is the situation in a number of social housing projects today. When the 30-trillion package ended, many customers who are low-income people in urban areas also abandoned their “settling down” dream. Both investors and many customers still expect and hope there will be more preferential credit packages such as the 30-trillion package. [The original article is available in Vietnamese only.]

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Rocket Internet to sell another e-commerce business in Vietnam: report
Thanh Nien News

After selling food ordering website Food Panda to a local competitor in Vietnam at the end of last year, German-owned Rocket Internet now reportedly plans to sell its online fashion marketplace Zalora in the country and Thailand. The selloff is part of efforts to cut costs so that Rocket can focus on other markets where Zalora has a better chance to make profits, news website TechCrunch reported Thursday, citing an unnamed source.

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Vietnam among Asia's top 10 investment hotspots: report​
Thanh Nien News

US economic analyst IHS Inc. has ranked Vietnam among the top 10 hotspots of foreign direct investment in Asia Pacific, saying the country's economy will continue to expand at a fast pace. As frontier markets, Vietnam, Myanmar, Cambodia and Laos are forecast to continue to grow rapidly with Vietnam's pace to be around 6.5% annually over the next 15 years.

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Japanese big company will deploy fuel market in Vietnam
Zing News

Idemitsu Kosan Group received investment permission with a Kuwait company to develop fuel market in Vietnam. Besides, Idemitsu Kosan Group also participate many projects of fuel industry. Idemitsu Kosan Group is one of the best Japanese petro companies, with nearly US$1 billion capital and about US$42 billion revenue in the end of 2015. [The original article is available in Vietnamese only.]

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Two S.Korean firms to acquire Landmark 72 Tower
Vietnam Breaking News

 

According to South Korean media, Mirae Asset Securities Co. will join hands with global investment company AON BGN in the takeover of Landmark 72. Mirae Asset Securities will invest 400 billion won (US$350 million), including 300 billion won senior loan and 100 billion won worth convertible bonds. Meanwhile, AON BNG will contribute the remaining 100 billion won.


 

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Lotte Shopping to pull out from auction of Casino's Vietnam retail chain: sources​

Tuoi Tre News

 

 

South Korea's Lotte Shopping is pulling out of French retailer Casino's auction of its Big C Vietnam supermarket chain, people familiar with the matter said on Tuesday. A spokesman for Lotte Group, which controls Lotte Shopping, declined to comment. There was no immediate comment from Casino. One of the sources said that Lotte was not keen to bid aggressively for Big C Vietnam, which has attracted companies including Thailand's Central Group. The sale could fetch about US$1 billion, people familiar with the matter have said.

 

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Sungroup to invest VND 10 billion in Thanh Hoa Real Estate ​
Cafe F

Sungroup plans to invest in Ben En Resort and luxury amusement park (Nhu Thanh District, Thanh Hoa) with VND9,990 billion. This investment capital is divided into 2 phases, VND 4,995 billion for each phase. Sungroup intends to make Ben En Resort become an international resort and amusement park. [The original article is available in Vietnamese only.]

 

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Muong Thanh Group acquires Thanh Ha Project – Cienco 5​

Land Today

Muong Thanh Group acquired 95% stock of Cienco 5, equivalent to VND 1,500 billion. Accordingly, the group takes control of Thanh Ha NUA that is located in Xa La NUA, Ha Dong District, Hanoi. The project is about 400 ha with two parts A and B, 195 ha and 193 ha large respectively. Due to slow infrastructure construction, the project had been pending for years before being restarted in April 2014. [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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