Home   »   Property News   »   CBRE Vietnam’s Top Property News Stories – W34/2016
CBRE Vietnam’s Top Property News Stories – W34/2016

Winners of Vietnam M&A Forum 2016 awards announced, T&M Vietnam assigned to make study plan of Parcel B of the Yen So Park, VinaCapital partners with Shinhan BNP Paribas, Regent teams up with BIM Group for first project in Vietnam​,…

 

CBRE Newspaper Updates on Residential Ads
       

  • Two new launch:

    • The Gold View (District 4)

      • Total units: 1,905 units
      • Scale: one 33-floor block and one 27-floor block with 2 basements
      • Unit size: 63 – 133 sqm (2 – 3 bedrooms)
      • Price: from VND1.9 billion
    • Ha Do Centrosa – phase 2 (District 10)
    • Total Units: 2,187 units
    • Scale: eight 30-floor blocks
    • Unit size: 48 – 123 sqm (1 – 3 bedrooms)
    • Price: from VND2.1 billion
  • Advertisements:
  • Mooonlight Residence (Thu Duc District)

    • Total Units: 535 units
    • Scale: two buildings
    • Unit size: 49 – 102 sqm (1 – 3 bedrooms)
    • Price: from VND1.2 billion


* Prices included VAT
       

  • One new launch:

    • The Golden Palm (Thanh Xuan District)

      • Total units: 405 units
      • Scale: two 27-floor buildings with 3 basements
      • Unit size: 63 – 133 sqm (2 – 3 bedrooms)
      • Price: VND 36 – 40 million per sqm (fully furnished)
  • Advertisements:
  • ​FLC Garden City (Nam Tu Liem District)

    • Total units: 1,638 units
    • Scale: five buildings (29 – 34 floors) with 1 basement
    • Unit size: 44 – 105 sqm (1 – 3 bedrooms)
    • Price: VND 17.2 – 20 million per sqm (basic furniture)
  • Aqua Spring (Thanh Xuan District)
  • Total units: 98 units
  • Scale: one 17-floor building with 1 basement
  • Unit size: 71.01 – 102.63 sqm (2 – 3 bedrooms)
  • Price: VND 24.2 – 26.9 million per sqm (basic furniture)
  • Total units: 468 units
  • Scale: three 29-floor buildings with 3 basements
  • Unit size: 64.6 – 146 sqm (2 – 3 bedrooms)
  • Price: VND 24.7 – 29.1 million per sqm (basic furniture)
  • Ho Guom Plaza (Ha Dong District)


* Prices included VAT
Back to top

 

Regent teams up with BIM Group for first project in Vietnam​
Voice of Vietnam

                        

Taiwan-based international luxury hotel operator Regent is going to take the first step in Vietnam with the Phu Quoc Marina project developed by BIM Group. Regent boasts of being the combination of simple Eastern style and Western elegance. Phu Quoc has been attracting a lot of luxury vacation real estate projects, including hotels, condotels, and vacation villas. Examples include Vingroup’s Vinpearl Phu Quoc and Sun Group’s Premier Village Phu Quoc Resort. Phu Quoc Marina includes hotels, a resort, shop houses, beachfront villas, condotels, and beachfront apartments.

Back to top

 

Japanese firms invest in local property sector despite potential risks
Vietnamnet

 

With a golden population structure and rising incomes, Vietnam has emerged as an attractive destination for Japanese businesses in sectors like retail, consumer goods and finance, and that they are keen on indirect investments here. Japan’s M&A activities in Vietnam can now be found in the real estate sector, which Japanese companies ignored in the past, as they are ready to take risks. Besides HCMC and Hanoi, Japanese firms are also paying attention to the central region, particularly Da Nang. Vietnam’s real estate sector remains risky in terms of pricing, speculation and a lack of transparency, however, it holds greater growth potential than some other markets as it has been recovering over the past three years.

Back to top

 

​BRG to take over Hue ITC
BizHub

 

BRG Group will become the owner of Century Riverside Hotel Hue, one of the biggest hotels in Hue City, through holding of a 74% stake in Hue Investment and Tourism Ltd Co after the company's equitization. Hue ITC is scheduled to make its initial public offering on September 16th on the Hanoi Stock Exchange.  It will sell 2.9 million shares, equivalent to 25% of the company's charter capital, at a starting price of VND12,700 (USD0.60) per share. BRG is expected to spend at least VND75 billion to acquire the shares as the selling price will not be lower than the highest successful bidding price at the IPO.

Back to top

 

VinaCapital partners with Shinhan BNP Paribas
Vietnam Economic Times

 

VinaCapital has announced it is partnering with the Shinhan BNP Paribas Asset Management (Shinhan) to provide investment products to Shinhan’s clients in South Korea, enabling them to participate in Vietnam’s growing economy. VinaCapital’s first engagement with Shinhan is a delegated investment management mandate for one of Shinhan’s Korea-domiciled funds. In addition, the two companies will work together to launch the VIP Equity Fund in September. In the future VinaCapital and Shinhan will work together to develop a Vietnamese multi-asset fund investing in equities, fixed income, real estate and other assets.  

Back to top

 

Vietnam’s M&As to hit a record high of $6bln in 2016
Vietnam Breaking News

Foreign retailers are flooding into the country as consumer spending is set to grow 47 percent in the next four years.  Vietnam’s retail market has grown at roughly 10 percent per year in recent years. Retailers have seen Vietnam’s relatively young population and expanding middle class as the main drivers of robust retail market growth. Vietnam has thus seen a surge in M&A deals in the retail sector from Thailand, Japan, and Korea. Meanwhile, Vietnamese local businesses have also begun to pick up speed. Property giant Vingroup has decided to make retail business its core, said Chairman Pham Nhat Vuong, contributing to around 50 percent of the group’s total sales in the years to come, compared to the current 20 percent.

Back to top

 

​T&M Vietnam assigned to make study plan of Parcel B of the Yen So Park
Real Estate Investment

 

The Hanoi People’s Committee has assigned the city Department of Planning – Architecture to instruct T&M Vietnam Joint Stock Company (T&M Company whose founding shareholders are T&M Trans Company (Bahamas) and Eurowindow Holding Joint Stock Company) to make a study plan of the Parcel B of the Yen So Park. Also, the committee requested the city Department of Planning and Investment to review all the investment procedures of Gamuda Vietnam Company; and in addition, provide the final written answer not approving the company’s proposal on continuing to implement the project at the Parcel B of the Yen So Park because the company had suggested stopping the project in accordance to the announcement’s content of the city People's Committee Office. [The original article is available in Vietnam only.]
 

Back to top

 

Ministry proposes tax cuts for firms that renovate apartments
Vietnam Investment Review

 

The Ministry of Finance proposed that the government should offer a preferential corporate income tax of 10 percent compared to the current popular rate of 20 percent for firms that are renovating deteriorating apartment blocks. This is aimed at attracting developers to participate in restoring unsafe old apartment buildings, which are a pressing problem in terms of living standards, safety and the urban landscape in major cities such as Ha Noi and HCM City. Firms must declare the income of each project separately to enjoy this preferential tax rate, according to the ministry's proposal. 

Back to top

 

Hanoi: Hoai Dat properties lively for becoming an urban district
Kinh Te

According to Nguyen Hoai An, Head of Research and Consulting at CBRE Vietnam, in upcoming time, along the Thang Long Avenue of West Hanoi (Hoai Duc District), where there is still abundant land fund and synchronously developed infrastructure, will become the new operation area of Hanoi real estate market. In upcoming years, this area will be the ideal settlement for many Hanoinese, especially successful customers who prefer living in green, modern, lively and convenient space. [The original article is available in Vietnamese only.] 

Back to top

 

Healthcare fees edge up in 16 provinces
The Saigon Times

 

The Ministry of Health said last week that 16 provinces with the medically insured making up over 85% of their populations had adjusted-up healthcare fees into which 18% of salaries and allowances of health workers are factored. According to the ministries of finance and health and Vietnam Social Insurance, the fee hike plan will be implemented in four phases and apply to some 1516 provinces in each phase. It is forecast to cause the consumer price index (CPI) to climb by 0.40.6% in each phase, or less than 2% in all of four phases.

Back to top

 

Winners of Vietnam M&A Forum 2016 awards announced

Investment Newspaper

 

The Vietnam M&A Forum 2016 has announced the winners of Vietnam’s top merger and acquisition deals. 38 winners were chosen in four categories, including Best companies with typical M&A strategy, Best M&A deals, Private equity and investment and and top consulting companies. The winners of the Private equity and investment include Singha – Masan Consumer and Masan Brewery; ANA Holding – Vietnam Airlines; JX Nippon Oil & Energy – Petrolimex; Vinacapital & DEG – An Cuong Wood Working; Standard Chartered PE & Goldman Sachs – M-Service.

Back to top

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

CBRE | CB RICHARD ELLIS