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CBRE Vietnam’s Top Property News Stories – W32/2015

 Vingroup affiliate to develop city's urban project, Vietnam to see 400 M&A deals worth $3.8b by end of 2015, Lotte to place land fee deposit for huge project, E-Mart chain widens market for local goods…

CBRE Newspaper Updates on Residential Ads

 

 

 
  • One new launch:

    • Block C – Ruby Zone of Celadon City in Tan Phu District:

      • Official launch on August 1, 2015
      • Price: 2 bil for 73 sm unit
      • Payment: 48 months
      • 80% total area for public facilities.
  • The most actively advertised projects are:

    • The EverRich 3 in District 7:

      • Price: from 31.5 mil/sm
      • Payment 20% to hand over
      • Completed infrastructure;
    • Jamona Home Resort in Thu Duc District:

      • Price: from 14.5 mil/sm
      • Total: 238 villas from 140 – 500 sm
      • 20% payment to hand over.

  • Two new launches:

    • Imperia Garden (Thanh Xuan District):

      • Launch block 35F (selected floors)
      • Promotion: in-kinds contributions – motorbike, TV, refrigerator; SJC gold
      • Financial support: loans of up to 80% home value, interest rate from 6.9% per annum;
    • Sun Square (Tu Liem District):

      • Promotion for 20 first home and every buyers.
  • One re-launch:

    • Discovery Complex (Cau Giay District):

      • Unit sizes: 87-185.5 sqm
      • Price from VND35 million per sqm (VAT included, fully furnished)
      • Promotion: free 12-month management fee;
  • Other advertisements:

    • FLC Twin Tower (Cau Giay District):

      • Prices have been hiked up to VND40 million per sqm
      • The project is breaking ground on 8th August 2015.

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EU and Vietnam reach agreement on free trade deal (04/08/2015)

 

Delegation of the EU to Vietnam

 

On 4th August, the EU and Vietnam have reached an agreement in principle for a free trade agreement (FTA), after two and a half years of intense negotiations. Following a telephone conversation between EU Trade Commissioner Cecilia Malmström and Vietnamese Minister of Industry and Trade Vu Huy Hoang, all issues of substance have been agreed, and both sides have reached a mutually beneficial and balanced package.

 

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Vietnam to see 400 M&A deals worth $3.8b by end of 2015

 

Deal Street Asia

Vietnam is expected to be 20th in the global M&A market in 2015, with the total number of deals involving the country-based firms reaching 400. In terms of value, the deals from the beginning of this year have already touched $2 billion, placing the country in the 41st position. The figure is expected to reach $3.8 billion by year-end, predicts the Institution of Mergers, Acquisitions and Alliances (IMAA).

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Vinpearl Nha Trang JSC buys majority port stake

 

Vietnam News

Vinpearl Nha Trang JSC, a subsidiary of Vingroup, has purchased 8.5 million shares, or 34.6 per cent of Nha Trang Port (CNH). The Ha Noi Stock Exchange said that Vinpearl Nha Trang JSC bought the shares from state-owned Viet Nam National Shipping Lines' (Vinalines), which still holds 15.07 million shares, a stake of 61.4 per cent.

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Vingroup affiliate to develop city's urban project

 

Vietnam Investment Review

According to reports in the local media, the firm, an affiliate of property giant Vingroup, will be responsible for an area of more than 43,000 sq.m, part of the 110,000 sq.m land located at No 233, 233B and 235 Nguyen Trai Street in Thanh Xuan District.

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E-Mart chain widens market for local goods

 

Vietnam Investment Review

E-Mart, South Korea’s largest retailer, will officially open the doors to its first supermarket in Vietnam this December. The information was announced by Choi Kwang Ho, general director of E-Mart Vietnam, in the latest meeting with the Ministry of Industry and Trade. E-Mart’s first supermarket would have the total investment capital of $60 million and will cover an area of 3 hectares in the Garden Hills complex in Ho Chi Minh City’s Go Vap district.

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Lotte to place land fee deposit for huge project

 

The Saigon Times

South Korea’s Lotte Group has agreed to place a deposit totaling around VND2 trillion for a land use fee for six lots in Thu Thiem New Urban Area to develop a huge property project. The deposit will make it highly possible for the Korean company and its Japanese partners to be chosen to develop the Eco Smart City project worth over US$2.1 billion in Thu Thiem.

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Hanoi finds investors for supermarket projects

 

The Saigon Times

 

The government of Hanoi City has announced plans to select investors for developing supermarket and trade center projects. According to the city’s Decision No. 3415/QD-UBND, the projects include supermarkets and trade centers in Quoc Oai Town and Thanh Liet Commune in Thanh Tri District, and markets and public works in Tram Troi Town in Hoai Duc District.

 

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Tourist figures rebound in July

 

Biz Hub

More than 593,000 international visitors arrived in Viet Nam in July, a rise of 5.1 per cent year-on-year and 12.1 per cent month-on-month, according to the General Statistics Office (GSO). Despite this month's positive figure, the number of foreign holidaymakers still dropped 9.4 per cent to an estimated 4.39 million in the first seven months of the year

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Van Phu Invest acquired a “golden site" on Giang Vo Street 

 

Cafe F

Van Phu Invest has been approved to develop a 15,600 sm university of community medicine in Duc Thang, Tu Liem with the total investment of VND643.8 billion. The project is expected to be handed over in 2016 to begin with the new semester. [The original article is available in Vietnamese only.]

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Vingroup builds a Vincom complex in Ha Tinh

 

Biz Hub

Vingroup kicked off the construction of Vincom complex in the central city of Ha Tinh on August 3. The complex, spread over 57,000 sq.m, included a five star hotel with 36 floors and 300 rooms , a Vincom commercial centre and a Vinhomes Ha Tinh with 115 villas and houses. As planned, Vinhomes Ha Tinh would be completed by February, 2016 to serve the customers, while the hotel was expected to operate in January, 2017.

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FOR MORE INFORMATION,CONTACT:

 

Dung Duong MRICS

Director

T +84 8 3824 6125

dung.duong@cbre.com


An Nguyen

Director

T +84 4 2220 0220 

an.nguyen@cbre.com