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CBRE Vietnam’s Top Property News Stories – W28/2016

Ha Do Corporation expands investment in foreign countries, Opening the real estate fair VietHome Expo 2016 , First Vincom Plaza shopping mall breaks ground in Dong Thap, HCMC proposes to build a bridge to replace Cat Lai ferry, …

 

CBRE Newspaper Updates on Residential Ads
       

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    • An Phu Apartment Complex (District 6)

      • Consists of 25 storeys and a parking basement of 4000 sm.
      • Total unit: 279 units
      • Price from VND 1.67 billion for 2 Bedroom unit
    • Diamond Lotus Lakeview (Tan Phu District)
    • Total towers: 3 blocks with each block having 22 storeys
    • Total size: 16.800 sqm.
    • Amenities: 400 sqm. pool and a 5.000 sqm. sky park connecting 3 towers on 22nd floor
    • Site area: 25,29 Ha
    • Coverage ratio: 18,6%
    • Scale: 16 block towers for office, hotel, and apartment units (roughly 3000)
    • Facilities include shopping centre, gym, tropical garden, Vinschool, and Metro station.
    • Price from: 1,9 billion VND for 2 Bedroom unit (70sqm)
    • Coverage ratio: 40% of 2,3 Ha
    • Scale: 2 block towers with 33 floors and 27 floors
    • Year of completion: 2017
    • VinHomes Golden River:
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* Prices included VAT
       

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    • Artemis Tower Le Trong Tan (Thanh Xuan District)

      • Total units: 360 units
      • Scale: one 24-floor building with 3 basements
      • Unit size: 84 – 102 sqm (2 – 3 bedrooms) and 258 – 645 sqm (penthouses)
      • Price: from VND 46 million per sqm (Basic furniture)
    • Vinhomes Metropolis (Ba Dinh District)
    • Total units: 1.500 units
    • Scale: two 45-floor buildings and one 41-floor building
    • Unit size: 55 – 149 sqm (1 – 4 bedrooms) and 280 – 400 sqm (penthouses)
    • Price: from VND 68 million per sqm (Fully furnished)
    • Total units: 519 units
    • Scale: one 21-floor building with 4 basements and one 23-floor building with 5 basements
    • Unit size: 50 – 176 sqm (1 – 4 bedrooms)
    • Price: from VND 60 miillion per sqm (Fully furnished)
    • Total Units: 672 units
    • Scale: one 16-floor building
    • Unit size: 45.2 – 81.3 sqm (2 – 3 bedrooms)
    • Price: from VND 19 million per sqm (Basic furniture)
    • Sun Grand City (Tay Ho District)
    • Ruby City 2 (Long Bien District)

* Prices included VAT

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Experts see inflation target beyond reach​
The Saigon Times

Experts attending a seminar in Hanoi yesterday were of the opinion that Vietnam may miss this year's target of keeping inflation below 5% as June's consumer price index (CPI) jumped 2.35% versus December 2015 and grew 1.72% on average in the first half. Speaking at the seminar on markets and prices in the January-June period, Le Quoc Phuong, deputy director of the Trade and Industry Information Center under the Ministry of lndustry and Trade, said inflation had partly been influenced by higher health service fees and basic wages. Commodity prices have bounced back slightly since February. Besides, unfavorable weather had hit agricultural production, thus leading food and foodstuff supplies to slump.

 

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Property and bank stocks boost markets
Biz Hub

Vietnamese shares advanced in the early session, led by banks and real estate companies. The benchmark VN Index on the HCM Stock Exchange rose 1.5% to close at 668.72 points. The HNX Index on the Ha Noi Stock Exchange ended at 87.12 points, up 0.9% from the previous day. The real estate sector was the strongest gainer in the early session, led by Vinaconex Investment and Tourism Development JSC (VCR) and Tan Tao Industrial Investment JSC (ITA). They surged 7.1% and 4.8%, respectively. VIC and FLC jumped 4.8% and 3.4% respectively and KBC added 1.2%.

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Hanoi to issue land certificate online
Cafe Land

From August 1st 2016, Hanoi Department of Natural Resources and Environment will allow individuals to apply for land certificate online. Since issuing land certificate has been very complicated and time-consuming for years, it is important to work on a solution to improve the current status of land certificate issuance. It is expected that the online process will reduce processing time, ensure accuracy and transparency. [The original article is available in Vietnamese only.]

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Opening VND7,000-bln tourism complex in Quy Nhon on July 30
VnExpress

 The FLC Quy Nhon formidable in southern Binh Dinh Province is scheduled to open on Jul 30. The 7 trillion VND (311.1 million USD) formidable includes an 18-hole golf course, high-end oppulance resort, FLC Luxury Hotel Quy Nhon with some 900 rooms, 500 villas and a 1,500-seat general gathering centre, along with swimming pools and party areas. Launched in May 2015, FLC Quy Nhon’s Golf course, called Golf Links, non-stop after usually 6 months and is deliberate one of a 3 many pleasing golf courses in Asia. Many experts pattern that with an area as abounding in tourism potentials as Quy Nhon, and with a scale and considerable design, FLC Quy Nhon will turn a blue sea bliss in a Central region, attracting vast numbers of domestic and general tourists. Located in Nhon Ly, FLC Quy Nhon embraces 3km of coastline, in that Eo Gio offers what is believed to be a many pleasing sunsets in Vietnam. [The original article is available in Vietnamese only.]

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July 31: Deo Ca tunnel to open to traffic
The Saigon Times

Deo Ca Tunnel linking the central provinces of Phu Yen and Khanh Hoa will be opened to traffic on July 31 after four years of construction. The opening date was decided during Deputy Minister of Transport Le DinhTho's trip to the construction site, according to a report released by the ministry. Deo Ca Investment Joint Stock Company said contractors are building a road section inside the tunnel and installing equipment. The project is scheduled to be put into use on July 31, two months ahead of schedule. The investor said it takes vehicles just over 10 minutes to pass through in the tunnel, instead of traveling around 45 minutes on the pass. Moreover, vehicles using the tunnel can avoid rockslides, which often occur in the rainy season. Deo Ca Tunnel will help boost trade and tourism in the central region in addition to creating a link between Phu Yen's Nam Phu Yen and Khanh Hoa's Van Phong. [The original article is available in Vietnamese only.]

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HCMC proposes to build a bridge to replace Cat Lai ferry
The Saigon Times

The People’s Committee of Ho Chi Minh City has just sought the Government’s approval for a project to build a bridge to replace the Cat Lai ferry to be included in the city’s transport development master plan towards 2020 with a vision after 2020. The project aims to ease the load of the Cat Lai ferry, which is a key link in the route from HCM City’s eastern areas to Dong Nai and Ba Ria-Vung Tau provinces. The project will be implemented with the build-operate-transfer (BOT) method by the 194 Construction Investment Corporation at a total estimated cost of over VND 5.7 trillion (USD 256.5 million). [The original article is available in Vietnamese only.]

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Hanoi to construct 6 new coach terminals in urban centers​
Hanoi Times

Under the Hanoi’s Master Transport Plan for 2030, the city will build several new interprovincial coach terminals in urban centers and satellite urban areas: Yen Nghia Terminal in Ha Dong District across 7 ha of land, North-eastern Terminal in Gia Lam District on 10ha, Southern Terminal in Thanh Tri District on 11 ha, Dong Anh Terminal in Dong Anh District on 5.3 ha, as well as Western Terminal in Quoc Oai District on 7ha and Northern Terminal in Soc Son District on 7 ha. The city will also upgrade several terminals, including My Dinh, Nuoc Ngam, Giap Bat, Gia Lam and Thuong Tin.

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First Vincom Plaza shopping mall breaks ground in Dong Thap

Voice of Vietnam

Construction on Vincom Plaza shopping complex, the first of its kind in the southern province of Dong Thap, began in Cao Lanh city, on July 11. The five-story mall, will gather famous brands in fashion, consumer goods, cuisine at home and abroad, a recreational area for children, and a modern cinema across a site of over 12,000 sq.m.  Managed by Vingroup’s Vincom Retail, which currently operates 25 shopping malls nationwide, Vincom Plaza Cao Lanh is expected to be operational in April 2017 as the most modern in the Mekong Delta.

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Opening the real estate fair VietHome Expo 2016
Nhip Cau Dau Tu

Getting the message "Real product, true value" VietHome Expo 2016 Fair is born with the aim towards to real needs of customers, bringing diverse products line, rich in real estate and facilities and relevant interests. Typically, there is the presence of TDH- Phuoc Long with the S-Home product line. Along with the emergence of more attractive products from other reputable units such as the E- Home of Nam Long Investment Co., Him Lam Real Estate JSC, Saigonland. [The original article is available in Vietnamese only.]

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Ha Do Corporation expands investment in foreign countries

VnExpress

According to Ha Do’s Board Chairman and General Director Nguyen Trong Thong, the company will be expanding real estate projects in the heart of Hanoi, HCMC, Nha Trang and in other countries in the period of 2016 – 2020. Specifically, Ha Do will be investing in Nongtha Central Park (Vientiane, Laos) as the first property project outside of Vietnam, setting the foundation for foreign investment of the corporation in near future. After 20 years being a leading company in the real estate market, Ha Do is recently ranked in top 10 Property Developers in Vietnam, always bringing high-quality projects and being favored by customers nationwide. [The original article is available in Vietnamese only.]

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Flat solar glass group invests USD 200 mil in Hai Phong
Vietnam Breaking News

The Hai Phong Industrial Zone Management Board has granted an investment license to Flat Group from Hong Kong (China) for a solar glass factory worth USD 200 million. The factory will cover 21.8 ha in the Dinh Vu Industrial Park. It is expected to put into operation in late 2017 with the capacity of producing about 580,000 tons of solar glass each year.

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T +84 8 3824 6125

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