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CBRE Vietnam’s Top Property News Stories – W3/2015

Haseko plans condo building in Vietnam,The final building at Royal City complex will be launched,Opening of 2 new Vinmart supermarkets and 10 minimarts

CBRE Newspaper Updates on Residential Ads 

 

  • Two new-launches:

     

    • Mega Sapphire in District 9:

       

      • Launch on 24 Jan 2015
      • Total 57 units
      • Price is from 15.8 millions/unit;
    • The Ascent in District 2:
    • Launch on 25 Jan 2015
    • Total 280 units
    • Scale per unit is from 71 sm to 104 sm
    • Price is from 2.3 billion/unit;
  • The most actively advertised projects are:
  • Le Thanh Tan Tao in Binh Tan District:

     

    • 4 blocks, block A: 534 units, block B: 624 units, Twin Towers: 605 units
    • Price is from 340 million/unit
    • Installment: VND 2.5 million per month, no interest;        
  • Chateau in District 7:
  • Total 28 units;
  • Scale per units is from 675.23 sm to 334.74 sm;
  • Price is from 80 million psm;
  • Total 495 units
  • Scale per unit is from 74.43 sm to 139.2 sm
  • Sky Center in Tan Binh District:

  • Two new-launches:

     

    • CT2B Nghia Do in Cau Giay District:

       

      • 288 units launched
      • Price from VND 25 mil psm (VAT included)
      • Expected completion: Q2/2016;
    • HHB Tan Tay Do in Dan Phuong District:
    • 30 units launched
    • This is the last launch of this project
    • Price from VND 12.6 mil psm (fully-furnished, VAT included)
    • Expected completion: Q1 2015;
  • Other advertisment activities:
  • Vinhomes Royal City R4, R5 in Thanh Xuan District:

     

    • Apartments to handover to buyers with just VND 1.2 bil;
  • Vinhomes Royal City R6 in Thanh Xuan District:
  • The last block of Vinhomes Royal City will be launched on 25 Jan 2015
  • STDA will be the exclusive distributor;
  • 20 last units to be launched on 25 Jan 2015
  • Price from VND 1.4 bil/unit.
  • Helios Tower in Hoang Mai District:

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Haseko plans condo building in Vietnam

Asian Review

TOKYO — Real estate developer Haseko will develop a condominium building in Vietnam in collaboration with local giant Him Lam Group.The two have set up a joint venture, with Haseko holding a 95% stake. This marks the first overseas expansion by the Japanese company since 1988.

The property will be about 5km from central Hanoi and span about 1,600 sq. meters. Construction will start as early as this spring and be completed in 2017. Project costs are estimated at 2 billion yen ($16.7 million).

 

 

   

 

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The final building at Royal City complex will be launched

VN Economy

Vingroup is going to launch R6 – the final building in Royal City complex, at 9am on Jan 24, 2015 at Daewoo Hotel. One outstanding feature of the building is its wide choices of area from 55-154.5 m2. The building is located on the front of Royal City, facing Nguyen Trai Street. This is the only building at Royal City to have the skylight space in the core. [The original article is in Vietnamese only.]

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Opening of 2 new Vinmart supermarkets and 10 minimarts

Vn Economy

On Jan 17, 2015, Vingroup opened 2 new Vinmart supermarkets at Vinhomes Riversides and Van Quan NUA. Before that, from 27 December 2014, 10 Vinmart+ minimarts were also opened at Royal City, Times City, Trung Hoa NUA, Xa La NUA, Thang Long International Village, Star Bowl Center, My Dinh and Vinhomes Riverside. The total number of  Vinmart (11) and Vinmart+ (15) is now 25 after 2 months of operation. [The original article is in Vietnamese only.]

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Second-home properties are ready for the new investment wave

Sai Gon Dau Tu

The second-home sector has shown significant recovery on the back of the improving property market and the relaxation on foreign housing ownership. Many high-profile developments have been confidently launched along the best beaches of Vietnam, including the three Vinpearl Premium branded properties by VinGroup, namely Vinpearl Premium Nha Trang Bay, Vinpearl Premium Golf Land Nha Trang và Vinpearl Premium Phu Quoc. At the first opening sale ceremony of Villa Vinpearl Premium on January 25, VinGroup offers a commitment programme of 10 year special interests to their customers. [The original article is in Vietnamese only.] .

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Cheap Vietnam Stocks Are Set to Rise to 7-Year High

Bloomberg 

Vietnam’s stock strategists say the benchmark index will jump to a seven-year high this year as accelerating economic growth boosts earnings and the cheapest valuations in Southeast Asia lure investors.

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IMF downgrades growth forecast for ASEAN-5

CafeF

On 19 January 2015, IMF released updated report on global economic outlook for 2015. According to the report, the economic growth for ASEAN-5 countries including Vietnam, would reach 5.2%, down by 2 percentage points as compared to previous forecasts. [The original article is in Vietnamese only.]

 

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Fuel price continues to drop from 21 January 2015

CafeF

The Ministry of Industry and Trade just released official announcement on reducing fuel prices by VND1,078 – 1,897 per litre from 4PM 21 January 2015. Ron 92 petrol price shall not exceed VND15,677 per litre. [The original article is in Vietnamese only.]

 

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VietJet Air announces Ha Noi-Quy Nhon route

Viet Nam News

Low-cost carrier VietJet Air has announced a new air route between Ha Noi and Quy Nhon in the central province of Binh Dinh, with seven round trips per week. The flights, which will begin on April 26, and travellers can book tickets from January 26 with fares starting from VND699,000 (US$33.29).

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Hanoi CPI in Jan 2015 drops by 0.17%

CafeF

According to Hanoi Statistic Office, CPI of the city dropped by 0.17% compared to last month but increased by 0.67% compared to last year. The fall in oil price together with gas price continued to be attributed for this reduction.    [The original article is in Vietnamese only.]

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Vietcombank, Saigonbank to merge amid bank restructuring

Viet Nam Net

Nguyen Van Binh, the Governor of the State Bank of Viet Nam (SBV) announced that Vietcombank is set to merge with Saigonbank as part of a general banking restructuring process. Last November, the SBV issued a circular, stipulating that a commercial bank can hold shares in a maximum of two other credit institutions, and that its stake in each institution should not exceed 5 per cent of the total equity of that institution. The circular aims to secure banking operations by restricting a cross-ownership situation. 

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