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CBRE Vietnam’s Top Property News Stories – W20/2016

 We expects M&A in banking sector to continue in 2016, Japanese capital pours into Vietnam real estate market, More than VND 1 trillion invested in infrastructure of Sing Viet urban area… 


CBRE Newspaper Updates on Residential Ads

  • One new launch

    • The Art – Block Mozart (District 9)

      • Date of official launch: May 21th 2016, with total units launched about 500
      • Consists of 3 towers and 18 storeys
      • Unit size: 59 – 70 sqm (2-3 bedrooms)
      • Price from: VND 1.1 billion
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  • Heaven Riverview (District 8)

    • Total land area: 16,939.8 sqm
    • Scale: 2 blocks, 480 units/block with 17 storeys
    • Unit size: from 50 – 69 sqm
    • Expected completion: Q3 2017
    • Price from VND 15 million/sqm
  • Riviera Point (District 7)
  • 12 blocks 39-40 floors
  • Total unit: 2,400 units
  • Total land area: 12 ha
  • Price: VND 32 million/sqm
  • Unit size: from 90.5 to 148.8 sqm/unit
  • Total land area: 4.08 ha
  • Unit size: 96.6 – 108 sqm
  • 8 blocks, each block is from 21-25 storeys
  • Price from VND 2.2 billion/unit
  • Him Lam Cho Lon (District 6)


  • No new launches:
  • Advertisements:

    • Vinhomes Thang Long (Hoai Duc District)

      • Total land area: 24.2 ha
      • Scale: 798 units of Detached Villa, Semi-detached villa, Terraced house, Shophouse.
      • Unit size:  Detached Villa (383 – 449 sqm), Semi-detached villa (107.4 – 256 sqm),
      • Terraced house (88.2 – 162.3 sqm), Shophouse (90 – 158 sqm)
      • Expected completion: Q1 2017.
    • Trang An Complex (Cau Giay District)
    • Scale: 2 residential towers (CT1 23 levels and CT2 29 levels)
    • Unit sizes: 76 sqm – 152 sqm (2 – 4 bedrooms)
    • Average price: VND 32 million (VAT included)
    • Expected completion: Q1/2017
    • Total land area: 3,438 sqm
    • Scale: 37 levels, 4 basements
    • Unit sizes: 59 sqm – 105 sqm (2 – 3 bedrooms)
    • Average Price: VND 19 – 22 million (VAT included)
    • Total land area: 9,185 sqm
    • Scale: 498 units, two 25-floor towers, one serviced 8-floor building and one shopping center, 6 basement
    • Unit size: 83 – 333 sqm (2 – 4 bedrooms)
    • Average price: VND 72 million (VAT included)
    • FLC Star Tower (Ha Dong District)
    • D. Le Roi Soleil (Tay Ho District)

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Japanese capital pours into Vietnam real estate market
Lao Dong


Sanyo Homes, a housing and apartment developer from Japan, has recently joined Vietnam real estate market via its partnership with Hoa Binh Corporation. Previously, there are also some Japanese investment funds which have arrived to the market and are currently accelerating their investment, such as Creed Group with An Gia and Phat Dat at River City, or Hankyu Realty and Nishi Nippon Railroad at Fuji Residence (HCMC's District 9) of Nam Long Group.


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TNG Holding Vietnam collaborates with Russia, invest in VND 6,500 billion real estate complex at Thanh Xuan district, Hanoi
Cafe F

On May 16th 2016 at the office of PM Dmitry Medvedev in Moscow, TNG Holding and Russia signed Cooperation Agreement to invest in a real estate complex in Thanh Xuan Hanoi.  The project locates at land area which was belonged to Russian Interdisciplinary Center for Technology and is developed with total investment of US$ 300 million (VND 6500 billion). According to TNG Holding Vietnam, this collaboration emphasizes on the economic development between two countries. [The original article is in Vietnamese only.]


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More than VND 1 trillion invested in infrastructure of Sing Viet urban area
The Saigon Times


On May 17, HCMC People's Committee decided to approve the technological infrastructure and social infrastructure of the resettlement area Sing Viet, located in Le Minh Xuan Commune, Binh Chanh District, HCMC, after a long time of suspension. In accordance, the committee has appointed Sing Viet Company to develop the settlement, totalling 638,379 hectares and over VND1 trillion investment capital. [The original article is in Vietnamese only.]


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Vietnam Dealbook: Vingroup, Tan Hoang Minh forge partnership; banks seek higher shareholding for foreign investors
Deal Street Asia

Local property developers Vingroup and Tan Hoang Minh Group reached an agreement on Tuesday to jointly invest in luxury real estate projects across Vietnam. The terms of the partnership were not disclosed. The duo targets at providing real estate assets that are of the same quality as in the Asian region. Both are strong players in the northern market of Vietnam.


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Big C will open seven more stores in 2016
Nguoi Dong Hanh

Casino Group (France) had completed selling the entire system of Big C Vietnam to Central Group (Thailand) and Nguyen Kim Group, and is now planning to open another seven Big C supermarkets in 2016. According to a senior management representative of Big C, the projects would take place in Hanoi and HCM City and are currently under construction processes. If the projects are on schedule, this would be the time when Big C opens their biggest selling point since 1998. [The original article is in Vietnamese only.]

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HCMC property developers: Northward!
Doanh Nhan Sai Gon

While property giants like Sun Group, Vingroup and TNR Holds are expanding investment in the southern real estate market, some property investors in HCMC are planning to penetrate the northern market. In a media press in March 2016, Steven Chu, CEO of Nam Long Group, said that the company is researching to expand business in Hanoi via partnership with banks, organizations with strong financial power and land fund, and, especially, an experienced developer. He said that the housing demand in Hanoi is still there, especially in affordable apartment segment, so the matter here is providing high-quality buildings and keeping commitments to customers. [The original article is available in Vietnamese only.]

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More affordable housing needed in HCMC​
Vietnam News


The real estate market in HCM City is on track to bounce back, but its sustainable development will only be ensured if housing demand from low-income and average-income earners is satisfied, a report from the HCM City Real Estate Association has said. The report, sent to the city's People's Committee early this week said there would be stronger investment this year in social housing and affordable commercial housing projects, as well as serviced apartments, office space and industrial properties, thanks to the anticipated liberalization of trade under the upcoming Trans-Pacific Partnership agreement.

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A mega township to be built in Hanoi Centre
Cafe F

The total land area of the planning study is estimated to be 41.43 ha including Kim Lien and Phuong Mai ward (Dong Da district, Hanoi). It is claimed that the project is part of Kim Lien collective zone and surrounded area renovation. According to Hanoi People’s Committee, the direction of the project is to replace old apartments by high rise building with low density to create an open space for the urban area. There would be at least 3 basements for each building to ensure the parking spaces for residents. Additionally, modern facilities and amenities will also be constructed to add value for the project. [The original article is available in Vietnamese only.]


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We expects M&A in banking sector to continue in 2016

Tin Nhanh Chung Khoan



Global economy's growth is forecast to be slow, from 3 percent to 2.5 percent in 2016. Almost economists cut growth of US economy's growth in 2016,. Standard Chartered expects US GDP to grow 1 percent this year and Vietnam's GDP to reach 6.9 percent. Andrew Colin Vallis, Vice Chairman of ACB Board of Directors and Chairman of Board Risk Committee, said that ACB hopes M&A in banking sector will continue in 2016, under supervision and encouragement of the State Bank of Vietnam. [The original article is available in Vietnamese only.]


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2016 FMCG growth put at 5-6pct
The Saigon Times

The fast-moving consumer goods (FMCG) market would expand 56% this year as projected by market research firm Kantar Worldpanel. The firm forecast the FMCG market in HCMC, Hanoi, Danang and Can Tho would grow higher than 2.7% in 2015 while the rural areas would see growth slowing to 56%, compared to 8.5% in 2015. In 2010-2013, the rural market enjoyed an annual expansion rate of over 12% and even30.5%in 2011. The market started to experience a slowdown in 2014 with a rate of 10.4%.


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Vietnam real estate firms want ‘unfair’ tax policy scrapped​

Business Times

Since they are again making profits following the recovery in the market, many real estate companies are calling for the scrapping of a tax provision they describe as “unfair” and “discriminating.” They are unhappy about the rule that prohibits them from offsetting losses in other businesses against profits in their real estate business. This restriction applies only to the property business.

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PM launches Hai Phong Container International Terminal project
News Chinh Phu


PM Nguyen Xuan Phuc on May 12 launched the construction of Hai Phong Container International Terminal in the northern port city of Hai Phong. With a total investment of US$321 million, the two-750 meter-wharf terminal will be capable of receiving up-to-100,000 DWT container vessels. Once the terminal comes into operation, it is expected to attract goods in transit in the Lao Northeast region through the East-West Corridor and Chinese South. PM Phuc thanked the Japanese Government for active support and cooperation to facilitate Japan's Molnykit Company in realizing the project.

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