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CBRE Vietnam’s Top Property News Stories – W17/2016

Little Vietnam to be opened soon, "Hot" corporate profits for Industrial Park infrastructure business, Japanese firms eye 50 per cent stake in Nam Long Investment Corp, Heart of Ho Chi Minh City to get $1.35 billion rejuvenation​…

 

CBRE Newspaper Updates on Residential Ads
 

 

  • Advertisements:

    • Wilton Tower (Binh Thanh District)

      • 2 blocks with 22 storeys in a total land area of 7,168 sqm
      • Price from: VND 28 million per sqm
      • Total number of units: 494 units
    • The Gold View (District 4)

      • 2 blocks with 27 storeys in a total land area of 7,168 sqm
      • Price from: VND 33 million per sqm (not included VAT)
      • Total number of units: 1905 units
    • Valeo Dam Sen (Tan Phu District)

      • Total size: 6,000 sm
      • 2 twin-towers with 15 storeys
      • Expected completion time: Q2/2017
      • Price from VND18.8 million per sqm

       

  • ​Three new launched

    • Shophouse Park Hill Premium (Hai Ba Trung District)

      • Date of official launch: April 23rd 2016, with total units launched 41 shophouses
      • Unit size: 140 – 292 sqm (2 floors)
    • Shophouse The Boutique – Times City (Hai Ba Trung District)

      • Date of official launch: April 23rd 2016, with total units launched 10 shophouses
      • Unit size: 63.9 – 131.1 sqm per floor (5 floors per unit)
    • Ecolife Capitol (Nam Tu Liem District)

      • Date of official launch: April 24th  2016, with total units launched 100 units 
      • Unit size: 45 – 152  sqm (1-4 bedrooms)
      • Average price: from VND27-30 million sqm (included VAT and maintain fee)
  • Other advertisements:

    • Goldsilk Complex (Ha Dong District)

      • Total units: 728 units
      • Unit size: 68 – 128 sqm (2-4 bedrooms)
      • Average price: VND19 million per sqm (included VAT)
      • Expected completion: April 2017
    • CT1 Eco Green City (Thanh Xuan District)

      • Scale: 35 floors, 15 units per floor, 5 elevators
      • Average price: from VND25.6 – 28 million per sqm (included VAT, excluded maintain fee)
      • Unit size: 58 – 115 sqm (2-3 bedrooms)

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Heart of Ho Chi Minh City to get $1.35 billion rejuvenation​
Vietnam Investment Review

 

 

 The Ho Chi Minh City People's Committee has recently green-lighted a $ 1.35billion residential township that will transform Ba Son port along the Saigon River's banks into a modern megacity. When completed in 2018, the Saigon-Ba Son township at 2 Ton Due Thang, Ben Nghe ward in District 1 will feature a trade centre, office buildings, residential units, primary and secondary schools, a health clinic and other essential services. Most notably, the project will contain a 60storey office building on Ton Due Thang street, which is expected to open by 2018.

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​Thailand's Central Group buying e-commerce site Zalora's Thai business
Thanh Nien News

 

 

 

Thailand's Central Group is buying the Thai business of fashioned-focused e-commerce site Zalora, a unit of the group said on Wednesday. "Central Group Online …. has studied the deal and signed the agreement to acquire Zalora business in Thailand," Narumon Wipajaroen, company secretary for Central Group Online (COL.BK), said in a statement.

 

 

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Keppel Land buys VND 500bln of bonds 
Vietnam Breaking News 

 

Singaporean property developer Keppel Land has concluded a purchase of VND 500 billion (USD 22.4 million) in convertible bonds from Nam Long Investment Company, which builds affordable houses and departments in Vietnam. The deal was done through its wholly owned subsidiary Ibeworth Pte. Ltd.

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Japanese firms eye 50 per cent stake in Nam Long Investment Corp

 

Vietnam Investment Review

Hankyu Realty and Nishi Nippon Railroad plan to acquire a combined stake of 50 per cent in APSL-PLB-Nam Long Co. Ltd under Nam Long Investment Corporation, to enable them to invest in the Fuji Residence project in Ho Chi Minh City. The Fuji Residence is part of the Nam Long-Phuoc Long B urban area. It contains 84 Valora villas and 789 Flora apartments, built on an area of 5.38 hectares along the Rach Chiec River.

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6- and 7-star hotels needed in Ho Chi Minh City: municipal Party chief
Tuoi Tre News

Ho Chi Minh City is calling for investment in luxury hotels to meet its economic development, Secretary of the municipal Party Committee Dinh La Thang said in a meeting with a foreign investor on Saturday. Secretary Thang received Ang Wee Gee, CEO of Singapore-based Keppel Land Limited, in Ho Chi Minh City in the afternoon to discuss the company’s vision for its future development in Vietnam.

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"Hot" corporate profits for Industrial Park infrastructure business
Cafe F

 

According to the latest statistics of the Ministry of Planning and Investment, as of 03/20/2016, there is a total of more than $4 billion in FDI in Vietnam, with 2.74 billion came from 473 projects newly registered, an increase of 125.2% compared to the same period of 2015. In addition, there are 1.29 billion from 203 projects increased capital, increased 107% over the same period. [The original article is available in Vietnamese only.]

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PM approves building of airport in Lai Chau​
Vietnam Economic Times 

 

Prime Minister has just approved a proposal of building Lai Chau airport and asked the Ministry of Transportation and Ministry of National Defense to ensure the project proceeds on schedule. Lai Chau Airport is estimated to need investment of VND8 trillion (US$358.7 million), with construction in two phases. Investment for the first period is VND4 trillion (US$179.3 million). According to the proposal, Lai Chau airport will have dual purpose of civil use and national defense.

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US$6.8 billion of FDI flow into Vietnam in the first 4 months of 2016
Cafe Land

 

According to the General Statistics Office of Vietnam, Vietnam has attracted 697 new FDI projects with a total registered capital of US$5 billion. This marks an increase of 55.6% in number of projects and 89.9% of registered capital y-o-y. Also, 314 existing approved projects expanded with an increase of US$1.8 billion in their registered capital. Therefore the total registered capital of both newly-registered and recently-expanded projects is US$6.8 billion, an increases of 85% y-o-y. [The original article is available in Vietnamese only.]
 

 

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LG Display's major project has been licensed

 

The Saigon Times

   
The US$1.5 billion investment project of LG Display Co. specializes in manufacturing high-tech OLED displays for all kinds of electronics in Hai Phong City has been granted investment permit. According to the management board of Hai Phong economic zone today (28th April), with this investment permit, LG Display of LG group (South Korea) will build factories and outsourcing production of  high-tech screen in Trang Due industrial park of the city. [The original article is available in Vietnamese only.]

 

 

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Lotte Mart opened in Go Vap
The Saigon Times

 

28th April, Go Vap Lotte Mart – shopping center and supermarket  at 18 Phan Van Tri Street, Go Vap District, Ho Chi Minh City was officially put into operation. This is the fourth retail outlets located on the approximately 3km long road. This is shopping center and supermarket is the 12thin Vietnam of Lotte Mart Shopping Co., Ltd., a member of the Lotte Group – Korea in Vietnam. [The original article is available in Vietnamese only.]
 
   

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Little Vietnam to be opened soon

 

Biz Hub

Prior to the official opening of the Little Vietnam shop-houses which is expected to become a tourist attraction in northern Quang Ninh Province's Halong Marina Urban Area, Syrena Vietnam Development Investment Jsc., will organize a two-day event this weekend. The project was developed with the idea of it becoming a developed trade community and an attractive destination for tourists to enjoy the original features of Hanoi and Hoi An in Ha Long City. [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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