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CBRE Vietnam’s Top Property News Stories – W24/2016

Vietnam dreams of own Disneyland, Japan's Aeon to open 4th megastore, eyes expansion in Vietnam, Q3 2016 to see massive project launch to the market​,…

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CBRE Newspaper Updates on Residential Ads

  • One new launch:

    • Heaven Riverview (District 8)

      • Date of official launch: June 19th 2016
      • Total scale: 16,939.8 sqm, with 2 blocks, 17 floors
      • Unit size: 50 – 69 sqm (1-2 bedrooms)
      • Price: from VND 800 million per unit or VND 15 million/sqm
  • 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
  • Sunrise Riverside (District 7)
  • Total land area: 39,305 sqm.
  • Approximately 2,200 residential units (2 -3 bedrooms)
  • Price: from VND 2 billion per unit
  • Total land area: 9,215.7 sqm
  • Scale: 2 blocks with 15 floors and 2 basements
  • Unit size: 50 – 87 sqm (2 – 3 bedrooms)
  • Price: from VND 800 million to  VND 1.4 billion per sqm
  • Depot Metro Tham Luong (District 12)

* Prices included VAT

  • 2 new launches:

    • Lucky House (Hoang Mai District)

      • Unit launched: 40 terraced houses
      • Unit size: 97.5 sqm (3.5 floors)
      • Price: from VND 40 million per sqm (Land price)
    • Eco Green City CT2 (Thanh Xuan District)
    • Unit launched: 126 units
    • Scale: 35-floor building with 2 floors for retail, 3 basements and 500 apartments.
    • Unit size: 55 – 105 sqm (2 – 3 bedrooms)
    • Price: from VND 27 million per sqm (Fully furnished)
  • Advertisements:
  • New Horizon City (Hoang Mai District)

    • Total land area: 19,903 sqm
    • Scale: four 19 to 30-floor buildings with 2 basements
    • Unit size: 72 – 100 sqm (2 – 3 bedrooms)
    • Price: from VND 22 million per sqm (Basic furniture)
  • The Golden Palm (Thanh Xuan District)
  • Total land area: 10,000 sqm
  • Scale: two 27-floor buildings with 3 basements
  • Unit size: 63 – 130 sqm (2 – 3 bedrooms)
  • Price: from VND 36 million per sqm (Fully furnished)

* Prices included VAT

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Japan's Aeon to open 4th megastore, eyes expansion in Vietnam
Thanh Nien News

Under the plan announced at a press conference on Tuesday, 20 megastores of the chain Aeon Mall in be opened in Vietnam, local media reported. Aeon also plans to have 100 supermarkets around the country through mergers and acquisitions. Also the company plans to collaborate with local manufacturers to produce consumer goods under its brand Top Value for both the Vietnamese and oversea markets.

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Q3 2016 to see massive project launch to the market​

In HCMC real estate market, property investors have developed a playground named Viethome Expo, in order to meet practical demand of the market. This year, Viethome Expo 2016 will be held from July 8 to 12 in the Phu Tho Sport Center, with the theme 'The trading fair of real-valued housing'. According to the organizators, up-to-date, the fair has attracted over hundreds of property firms, including reputable ones like Thuduc House, Him Lam Land, Nam Long Group, Sacomreal, etc. [The original article is in Vietnamese only.]

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US$170-million project proposed for Central Highlands road upgrade​
The Saigon Times

The Traffic Safety Project Management Unit has proposed a US$170 million project to upgrade part of National Highway 19 which connects the Central Highlands and the central region of Vietnam. The unit suggested the Ministry of Transport seek the Government's nod for the project with funding sourced from the World Bank (WB), a Vietnam News Agency report said. The highway stretches 243 kilometers and links the Central Highlands and the south-central provinces of Vietnam and those bordering Laos and Cambodia. It starts from Quy Nhon Port in the central province of Binh Dinh and ends at Le Thanh border gate in the Central Highlands. Around US$150 million out of the US$ 170 million needed for the project is expected to come from the lBRD and the remainder from the State budget. If the Government approves the project, the unit can complete an initial investment plan for it this month and the pre-feasibility study in January 2017.

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CENINVEST and HDIS to co-operate in The Golden Palm project 
Bao Lao Dong

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. [The original article is in Vietnamese only.]

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Boosting low-income housing
Vietnam Investment Review

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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Hanoi greenlights Disney-esque park 
Vietnam Investment Review

The Hanoi People’s Committee has approved the plan to build 198-hectare Kim Quy (Golden Turtle) Amusement Park, inspired by Disneyland Hong Kong, in Dong Anh district, according to newswire VOV.vn. The amusement park is one of the 25 parks that will be built in the capital in the next five years. Five of these parks will reach international standards.

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Road connecting Vo Nguyen Giap street and Soc Son satellite urban area to be constructed 
Bao Lao Dong

Recently, Hanoi People’s Committee has approved the construction of the road connecting Vo Nguyen Giap street and Soc Son satellite urban area. In accordance with the master plan, the width of the road is roughly 50 meters. The total area under research is about 115ha, and the total length is about 10km. [The original article is in Vietnamese only.]

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ADB funds trade in Vietnam


The Trade Finance Program (TFP) of the Asian Development Bank (ADB) will provide annual guarantees of up to US$20 million to fuel trade growth in Vietnam under a pact the ADB and Orient Commercial Joint Stock Bank (OCB) have just signed. With the participation of OCB, the TFP now has 12 bank partnerships in Vietnam, ADB said in a statement. ADB described Vietnam as one of the top five most active among the 20 developing markets where the TFP has been operational in the past few years. To date, the program has conducted 4,479 transactions, supporting over US$6.9 billion in trade in this market.

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Telstra, Comviq show interest in Vietnam's Mobifone 

Australia’s largest telecommunications provider Telstra is the latest foreign company to show its interest in picking up a stake in Vietnam’s second largest mobile operator MobiFone, according to reports in local media. Telstra now joins a list of international teclos, which include Norway’s Telenor, Sweden’s Comviq and Malaysia’s Axiata, all of who have expressed interest in MobiFone’s privatisation, which is slated to be implemented by the first half of next year.

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Saigon Securities unit closes $40m fund to invest in listed, private firms


SSI Asset Management (SSIAM), a unit of Vietnam’s largest brokerage house Saigon Securities Inc, has closed a $40-million fund last week, with funding from Japan’s Daiwa Securities Group, said a senior executive with the firm. The announcement followed another disclosure that SSIAM will launch a $200 million Luxembourg-domiciled, open-ended fund by the end of June.

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Vietnam dreams of own Disneyland


Entertainment property, a less developed segment of the real estate sector, is becoming much more attractive to developers after a range of projects have been set in motion. Aside from foreign investors like Empire Group and Gaw Capital Partners, domestic developers have also built up some recreational complexes in Vietnam. For example, there are Sun Group’s Asia Park and Fantasy Park in Danang and the Fansipan cable car system in Sapa. Vingroup, another big conglomerate, set up its Vinpearl land recreational resorts in different provinces in the country, especially Safari in Phu Quoc Island-currently the biggest zoo in Vietnam.

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