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CBRE Vietnam’s Top Property News Stories – W33/2015

SBV widens exchange rate band, Bid to select Long Thanh airport FS consultant proposed this October, Dong Nai still a magnet for foreign investors, Vietnam’s ceramics firm Viglacera to establish real estate subsidiary…

 

Recent Notable M&A Activities 
A concise summary of notable investment deals completed recently, as disclosed by the relevant party or reported by local media outlets

 

CBRE Newspaper Updates on Residential Ads

 

 
  • Two new launches:

    • Block C – Citihome in District 2:

      • Official launch on August 22, 2015
      • Price: about 1.2 – 1.3 bil/unit
      • 22 floors, 192 units from 66 – 73 sm
      • Support to VND30-trillion home loan package;
    • The Krista in District 2:

      • Official launch on August 23. 2015
      • Price: from 1.5 bil/bareshell unit
      • 2 blocks, 18 floors, 344 units.
  • The most actively advertised projects is:

    • Ehome 3 in Binh Tan District:

      • Price: from VND898 mil/unit
      • Payment: VND8 mil/month
      • Payment 20% to hand over.

  • Two new launches:

    • HATECO Hoang Mai (Hoang Mai District):

      • 500 guests joined the event held at Grand Plaza
      • 200 units sold, the developer had to add more 3BR units into the basket
      • Start price: VND1.4 billion per 80 sm unit (VAT included, fully-furnished);
    • Park View Tower (Hoang Mai District):

      • Unit size: 62 – 87 sm
      • Start price: VND1.7 billion per unit (VAT included).
  • Other advertisements:

    • MBLand Central Point (Tu Liem District):

      • Ground breaking ceremony on 12 August 2015
      • Unit size: 73 – 115 sm (1BR – 3BR)
      • Expected completion date: Q3/2017.

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SBV widens exchange rate band

 

Vietnam Economic Times

On the morning of August 12 the State Bank of Vietnam (SBV) announced that, under Decision No. 1595/QD-NHNN dated August 11, the exchange rate band will increase from +/- 1 per cent to +/-2 per cent, effective August 12. The most influential factor, however, was the Chinese Renminbi being devaluated 1.9 per cent on August 11. 

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Nearly $8 billion invested in HCM City’s eastern region

 

Vietnam Net

According to research by Global Integration Business Consulting Company (GIBC), by the first half of 2015 the Eastern region of HCM City (from the Saigon Bridge to Thu Duc and Vung Tau intersection), the capital for construction of bridges, highways, belt roads and arterial roads was estimated at nearly $3 billion.

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Bid to select Long Thanh airport FS consultant proposed
this October

 

Vietnam Investment Review

The Airports Corporation of Vietnam, the major airport operator in the country, has just submitted to the Ministry of Transport a plan related to the feasibility study of the landmark Long Thanh international airport project. Accordingly, the ACV has proposed that the ministry (MoT) does not select the architectural plans of the airport terminal and air traffic control (ATC) tower through holding tests. Instead, this will become one criterion to select the consultant who will conduct the project’s feasibility study (FS). 

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Singaporean firms set sights on local market

 

Vietnam Investment Review

An increased number of Singaporean investors are rushing into Vietnam to cultivate their projects, backed by the country’s lucrative investment climate. Singaporean investors consider Vietnam a good investment spot, thanks to the country’s improved investment climate and investment advantages, such as geographical proximity, low costs, and safety. 

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Signs of heightened Japanese M&A activity

 

Vietnam Investment Review

Despite being one of the most conservative foreign investors in Vietnam, Japan is currently emerging as a major partner through a series of mergers and acquisitions (M&A). Vietnam has become an attractive destination for foreign investment through its stable policies and economic environment and especially through a range of revised legal barriers such as the laws on Enterprises, Investment, Housing and Real Estate Business.

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HoREA: Property market recovery fragile

 

The Saigon Times

The real estate market has shown clearer signs of recovery this year but an imbalance between supply and demand in some segments makes the recovery fragile, according to the latest report of the HCMC Real Estate Association (HoREA).

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Dong Nai still a magnet for foreign investors

 

Vietnam Investment Review

According to the provincial Department of Planning and Investment, the province attracted 57 FDI projects worth a cumulative sum of $1.1 billion during the period, exceeding the yearly target of $900 million. 54 of these projects are operating in the various industrial parks of Dong Nai. Mai Van Nhon, deputy director of the Dong Nai Industrial Zones Management Authority said that the 834 FDI projects operating in the parks had generated the revenue of $6.75 billion in the first half of the year. 

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Vietnam’s ceramics firm Viglacera to establish real estate subsidiary

 

Deal Street Asia

“The establishment of Visaho is to implement Viglacera’s strategy in developing and investing in properties, including housing facilities and offices for lease by 2020,” the ministry said in a statement. Viglacera is the major investor of a spate of industrial parks in northern Vietnam, including the Yen Phong Viglacera IP in Bac Ninh province, where Samsung Display has gained approval to expand its factory by $3 billion.

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Foreign retailers drive the rise of convenience stores in Vietnam

 

Thanh Nien News

Vietnamese consumers are making their way from traditional markets into air-conditioned, brightly-lit convenience stores. With the growing spending power of middle class consumers, the Vietnamese retail market is in need of new and modern outlets. And for many investors, the race has begun.  Retail and consumer services sales grew 6.3 percent last year to VND2.945 trillion ($138.2 million), outpacing the 5.6 percent growth in 2013, according to official data.

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Vingroup invests in the second largest safari throughout the world in Phu Quoc

 

Cafe F

Vingroup is promoting a 500 ha safari project located in Ganh Dau and Cua Can Commune in Phu Quoc. [The original article is available in Vietnamese only.]

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FLC launches construction of Twin Towers

 

Biz Hub

The FLC Group launched the construction of FLC Twin Towers, previously known as Cemaco Tower, in Ha Noi's Cau Giay District over the weekend. The VND5.2-trillion (US$238.3 million) project comprises twin towers – a 50-storey residential tower and a 38-storey office tower – with apartments of a total 66,484sq.m for sale, and office space of a total 35,960sq.m available for lease, along with a 25,000sq.m shopping mall.

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57% European investors confident in business outlook in Vietnam

 

Cafe F

In response to the question of how business perceived their general business queried by EuroCham, 57% of European businesses said it was “good”, a notable rise from the previous quarter’s 45%. In the meanwhile, in the participants' assessment of the macroeconomic outlook for Viet Nam, 52% expected stabilization and improvement, a decline from last quarter's 63%. [The original article is available in Vietnamese only.]

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Hanoi to have a 30 ha urban area near the national conference center

 

Cafe F

This is a functional area with trees, lakes combined with residential buildings… It has an area of over 30 ha, one side faces Luong The Vinh street, the other face Thang Long Avenue…This project has the total area under research scope of about 318,711m2 with expected population of 3,200. [The original article is available in Vietnamese only.]

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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