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CBRE Vietnam’s Top Property News Stories – W26/2015

Bank guarantees for property meant to safeguard buyers, NA deputies give nod to Long Thanh International Airport, Filling canals to develop projects raises environmental concerns in Ho Chi Minh City…

 

CBRE Newspaper Updates on Residential Ads

 

 

 

  •  Three projects launched the first time on the same day (June 21, 2015):

    • Landmark 4 in Binh Thanh District:

      • Over 700 customers attended the launch
      • 50 floors, 650 units
      • Size: from 50 – 109 sm/unit with 1br -3br
      • Payment 30% to hand over;
    • An Gia Riverside in District 7:

      • 800 customers attended the launch
      • Total area:  61,280 sm
      • Total block 1: 246 units
      • Price: from VND1.2 bil/unit;
    • The Gold View in District 4:

      • Over 600 customers attended the launch
      • Area: 23,061 sm
      • 2 block: 33 floors and 27 floors with 2 basements
      • Landscape of Ben Nghe River.

 

 

  • Two new launches:

    • Trang An Complex (Cau Giay District):

      • No. of launching units: 180 units
      • Start price: VND32 million psm (VAT included, fully-furnished)
      • Expected completion: Q1/2017;
    • Park View Residence (Ha Dong District):

      • Unit sizes: 57 – 252 sqm
      • Expected completion: Q2/2016.
  • Other advertisement activities:

    • The One Residence (Hoang Mai District):

      • Start price: VND17.7 million psm (VAT excluded, semi-furnished)
      • Promotion: Honda SH mode, Honda Vision,or Honda Lead;
    • Watermark (Cau Giay District):

      • Promotion: design support package from international architecture consultant priced at VND200 million.

 

NA deputies give nod to Long Thanh International Airport

Vietnam Net

With 428 deputies voting ‘yes', accounting for 86.64 per cent of the total deputies at the ongoing 13th National Assembly's (NA) ninth session, the Long Thanh International Airport will be an important one in the country. It is expected to reduce the load on the neighbouring Tan Son Nhat Airport in HCM City, and will become an international entrepot of the region.

 

 

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Northern investors migrating south

Vietnam Investment Review

There has been a rising trend of Hanoians buying properties in central and southern provinces. A range of project developers have begun launching their projects to the Hanoi market in response to an increasing demand from the capital city for properties in the central and southern regions of the country.

 

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Bank guarantees for property meant to safeguard buyers

Vietnam Investment Review

A regulation ordering bank guarantees to become mandatory for property purchases, which was to be completed in the future, has caused mixed concerns among property developers and buyers.

 

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Filling canals to develop projects raises environmental concerns in Ho Chi Minh City

Tuoi Tre News

While lowlands and canal systems are crucial for the drainage of Ho Chi Minh City, large areas of such land plots have been zoned for realty projects, whose developers do not hesitate to fill the waterways to serve construction.

 

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Online real estate data: Townhouse is still an attractive segment

Bat Dong San

According to an online data analysis conducted in May 2015 on housing supply – demand, while apartment projects have not yet able to convince potential buyers due to many factors, townhouse projects are currently attention-magnets.  [The original article is available in Vietnamese only.]

 

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City to build tunnel near Cat Lai Port

The Saigon Times

To deal with chronic traffic congestion on a major road leading to Cat Lai Port in District 2, HCMC is seeking approval from the Government to build an overpass and a tunnel there.

 

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HAGL opens commercial complex in Myanmar

The Saigon Times

Hoang Anh Gia Lai Group (HAGL) on June 23 inaugurated its hotel-office complex in Yangon City with Vietnamese Prime Minister Nguyen Tan Dung and Myanmar’s Vice President U Htay Aung attending. 

 

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The world's 10 coolest skycrapers

Thrillist

Bitexco Financial Tower is a fusion of Vietnam's past and present, from the lotus blossom helipad to the chic office and retail interiors. Built to accommodate the country’s growing business needs, Bitexco features a mall, a cinema, a food court, an observation deck and two fancy sky restaurants.

 

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CII develops infrastructure in Thu Thiem

The Saigon Times

HCMC Infrastructure Investment Company (CII) plans to start work on infrastructure projects in the northern urban area and complete a north-south road in the Thu Thiem New Urban Area this Saturday.

 

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Overseas Vietnamese drive housing market

Viet Nam News

Huge investments in housing by the Overseas Vietnamese community have helped the market pick up steam. With easier and simplier formalities and the Government allowing overseas Vietnamese to buy houses in Viet Nam, the housing market is expected to see more remittances from the overseas community flow in.

 

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