Home   »   Property News   »   CBRE Vietnam’s Top Property News Stories – W23/2016
CBRE Vietnam’s Top Property News Stories – W23/2016

Hanoi calls VND 150,000 billion in 4 urban railway projects, Mapletree Acquires Kumho Asiana Plaza in Ho Chi Minh City, Vietnam, IHG announced the first Holiday Inn & Suites in HCMC …


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CBRE Newspaper Updates on Residential Ads

  • No new launch this week
  • Other advertisements:

    • The Sun Avenue (District 2)

      • Total land area: 46.715 sqm
      • Scale: 28-30 floors with 8 buildings, over 1,400 units, 2 basements.
      • Unit size: 50 – 100 sqm (1 – 3 bedrooms)
      • Price: from VND 1.9 billion/units
    • RichStar (Tan Phu District)
    • Total scale: 3 ha, with total land area is 11.662 sqm
    • Total number of units: 853, with 1 basement and 22 storeys
    • Unit sizes: 52.95 – 90.81 sqm / unit (1 – 3 bedrooms)
    • Price: from VND 1.25 – 2.3 billion/unit
    • Total land area: 2,360 sqm
    • Scale: 1 17-floor building and 1 basement
    • Unit sizes: 64.9 – 109.9 sqm
    • Total land area: 18,333 sqm
    • Unit sizes: 46 – 74.24 sqm (2-3 bedrooms)
    • 3 blocks, 15 – 18 storeys
    • Price: from VND756 million/unit
    • Madison (District 1)
    • Sky 9 (District 9)

* Prices included VAT

  • No new launch this week
  • Other advertisements:

    • Gemek Tower (Hoai Duc District)

      • Total land and area: 25,000 sqm
      • Scale: 2 34-floor buildings, 992 units, 2 basements.
      • Unit size: 59 – 104 sqm (2 – 3 bedrooms)
      • Price: from VND 14 million/sqm
    • Maison du Parc (Bac Tu Liem District)
    • Total land area: 950,000 sqm
    • Scale: 94 terraces and villas
    • Unit sizes: 98 – 120 sqm (terraces) and 142 – 285 sqm (villas)
    • Price: from VND 105 million/sqm
    • Total land area: 35,500 sqm
    • Scale: 1,500 units, 2 45-floor buildings, 1 41-floor building
    • Unit sizes: 55 – 149 sqm (1 – 4 bedrooms)
    • Expected completion: Q4/2018
    • Scale: 800 units, 22-floor building, 2 basements
    • Unit sizes: 85 – 120 sqm (1 – 3 bedrooms)
    • Price: from VND 25 million/sqm
    • Vinhomes Lieu Giai (Ba Dinh District)
    • Center Home (Hai Ba Trung District)

* Prices included VAT

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IHG announced the first Holiday Inn & Suites in HCMC

InterContinental Hotels Group ( IHG ) has announced internationally branded hotel project Saigon Airport Holiday Inn & Suites, the first of the Holiday Inn& Suites franchise in the city. This will be a luxurious hotel with 350 rooms, including 100 suites, with area suitable for tourists and people who often travel and work in the business sector, flight attendants, commercial pilots, as well as for customers with stable demand.


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HSBC worries about Vietnam's credit loosening
The Saigon Times

The HSBC Global Research team has expressed concern over Vietnam's recent move to loosen credit to stimulate private sector and government spending. A report which HSBC released last Friday says credit easing suggests the Vietnamese Government's pro-growth bias. The Government has confirmed the original 2016 gross domestic product (GDP) growth target of 6.7%. In early May, new Prime Minister Nguyen Xuan Phuc instructed ministries and agencies to do whatever it takes to achieve the growth target while reining in inflation. "We think this is going to be difficult to achieve, given the weakness of the first-quarter growth number and larger-than-expected headwinds to exports. That means the onus will fall on domestic demand to pick-up the slack," says the report. The bank forecast the public debt-to-GDP ratio to approach the National Assembly's limit of 65% in 2016.

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Mapletree Acquires Kumho Asiana Plaza in Ho Chi Minh City, Vietnam

One of the largest mixed-use properties in the heart of the city’s central business district, this income-yielding asset will expand Mapletree’s business in Vietnam, and deliver strong earnings and returns. A prime mixed-use asset offering close to 146,000 square metres in gross floor area.  Comprises a 21-storey Grade A office building, 32-storey serviced apartment tower, 21-storey hotel, and a retail podium with food & beverage offerings.  Enjoys high occupancy rates of over 90% across its office, serviced apartment and retail components

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Vietnam Digest: State to protect local retail, Kido to exit snack unit
Deal Street Asia

Vietnam’s Ministry of Industry and Trade has pledged to protect domestic businesses with investment policies that align with the commitments the country has made in free trade agreements. In another development, food and beverage firm Kido will sell its remaining 20 per cent stake in its snack business, following the 80 per cent sale to America’s Mondelez

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Vietnam mulls setting up a stock exchange for startups
Deal Street Asia

Vietnam is exploring the possibility of establishing a stock exchange particularly for startups to support the burgeoning local startup space, the country’s deputy prime minister and former finance minister Vuong Dinh Hue said on Tuesday

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Vietnam: Salvepar exits investments; Frasers Centrepoint to buy 70% in GHomes
Deal Street Asia

French investment firm Salvepar has exited three real estate properties in Vietnam while Singapore-based Frasers Centrepoint has entered a deal to purchase majority stake of 70 per cent in GHomes, a residential-cum-commercial development by An Duong Thao Dien

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Hanoi: US$ 2 billion to construct roads along Red River

Two paralleled roads running along two sides of Red River from Thuong Cat bridge to Thanh Tri bridge will be constructed with estimated total investment of VND 51,619 billion. The road running on the right side with total investment of 29,000 billion has length of more than 29 km. Whereas the road running on the left side with total investment of 29,619 billion has length of more than 23.6 km. This project will serve as a vital connection between historical urban to extended urban areas such as Bac Tu Liem, Me Linh, Dong Anh, etc.

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Hanoi calls VND 150,000 billion in 4 urban railway projects


Hanoi urban railway No. 3, 4, 5 and 6 will be invested in form of PPP with total investment of VND 150,000 billion (equivalent to US$  7.1 billion). Railway No.3 (Hanoi rail station – Hoang Mai) has length of 8km including 3km underground, with total investment of VND 28,175 billion. Railway No.5 has length of 38.4 km with total investment of VND 65,572 billion. Railway No.4 phase 1 (Lien Ha – Vinh Tuy), has length of 18km including 6km underground, with total investment of VND 40,885 billion. Connecting center of Hanoi to Noi Bai International Airport, railway No.6 cover the road of 47 km with estimated investment of VND 14,282 billion.

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Great pressure from foreign distribution system
Sai Gon Giai Phong

After the closure of the trade center Parkson Keangnam (Hanoi) in early 2015, another trade center under the Parkson brand – Parkson Paragon (HCMC) – has recently announced to shut down. According to Vo Thi Phuong Mai, Head of Business Development at Cushman & Wakefield Vietnam, in the early period of its business in Vietnam market (2007-2010), Parkson occupied major market share, as the retail market in the period was prospering. However, its model could not compete against nowadays one-stop shopping centers, where consumers can access shopping, entertainment, food & drink… in the same place. [The original article is in Vietnamese only.]

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Private firms spend big on transport projects​

The Saigon Times

The Ministry of Transport held a meeting in Hanoi on Tuesday, to review investments in transport infrastructure projects under the build-transfer (BT) and build-operate-transfer (BOT) formats in 2011-2015. It is heard that around VND186.66 trillion out of VND444.04 trillion (US$19.9 billion) was mobilized from the private sector to finance transport infrastructure projects from 2011 to 2015. Private investments have helped improve traffic infrastructure but have exposed transport enterprises and people to heavy toll burdens.

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Set interest rate for social housing loans
Dan Tri


Prime Minister Nguyen Xuan Phuc has recently signed a resolution on preferential loans for social housing. In accordance, Vietnam Social Policy Bank will be the credit organization that offers loans for buying and hiring social housing at an interest rate of only 4.8pct per year. The loan targets include buyers and tenants of social housing; building, renovate or repair housing for people that contributes to the Revolution; low-income earners, poor and nearly-poor households in urban areas.

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People need affordable housing, but we only build expensive one
Tuoi Tre Online


At the talking 'Chance to buy social and affordable housing for low-income earners' co-held by Vietnam Real Estate Association and Thanh Tra Chinh Phu Newspaper on June 8, experts said the real estate market is growing in a wrong direction, focusing too much on high-end housing, while the demand of most people lies in affordable one.

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