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CBRE Vietnam’s Top Property News Stories – W35/2015

Vingroup acquires StarCity Centre, Dau Giay-Phan Thiet expy divided into two components, Vingroup drops bid for controlling stake in Saigon Port, Bitexco, Vingroup licensed to build residential projects….

 

CBRE Newspaper Updates on Residential Ads

 

 

 
  • One new project:

    • Luxcity in District 7:

      • Construction started on August 26, 2015
      • Price: from 1.49 bil/unit with 2 br
      • Payment: 1 sm/month
      • Discount 3% in first launch.
  • The most actively advertised projects are:

    • Duong Hong Garden House in Binh Chanh District:

      • Price: from 3.85 bil/unit
      • Land: 100 sm. Frontage road: 13 – 25 sm
      • Promotion 200 mil/unti for first 30 units built;
    • Le Thanh Tan Tao in Binh Tan District:

      • Price: from 350 mil/unit with 2 br
      • Payment: 49 years
      • Hand over with 120 mil.

  • Two new launches:

    • Imperia Garden (Thanh Xuan District):

      • Final launch of Block 35T
      • Promotion: Samsung LED TV valued at VND20 mil
      • Financial support: 80% home value at 6.9% p.a. interest rate
      • Guaranteed by VPBank;
    • Tan Viet Tower (Hoai Duc District):

      • Start price: VND10.5 million psm (VAT included, semi-furnished)
      • Unit size: 78 – 115 sqm.
  • Other advertisements:

    • Seasons Avenue (Ha Dong District):

      • To debut in October 2015
      • Total unit: 1,300
      • Unit size: 67 – 135 sqm (2-3BR);
    • Eco-Green City (Cau Giay District):

      • 500 units sold out in just one month.

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SBV to hold forex rate steady until early 2016

 

Vietnam News

The State Bank of Viet Nam has said it would hold the exchange rate steady till the end of the year and also in the early months of 2016. The bank's statement came after the US dollar-dong exchange rate touched the cap of VND22,547 set by the central bank on Monday.

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Vietnam’s tourism numbers rise sharply two months after waiving visas for European markets

 

Tuoi Tre News

The visa-free travel policy which Vietnam granted for five European countries last month has paid off, with tourists from those markets hugely contributing to the solid growth of the country’s international arrival numbers in August. Vietnam welcomed 664,985 international vacationers this month, a 12 percent increase from a month earlier, and 7.5 percent from August 2014, according to the General Statistics Office.

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Vingroup acquires StarCity Centre

 

Vietnam Economic Times

OceanGroup and Vingroup agree to terms over transfer of owner of StarCity Centre in Hanoi. OceanGroup has signed a contract to transfer 90 million shares in the Ocean Thang Long Investment Joint Stock Company (OTL) to Vingroup. StarCity Centre has total investment capital of VND7.5 trillion ($330 million). The project is located on a “golden land plot” in Hanoi, as it faces three streets – Tran Duy Hung, Khuat Duy Tien, and Hoang Minh Giam.

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Vietnam’s stock market plunges on negative global, domestic economic developments

 

Tuoi Tre News

The Vietnamese stock market on Monday saw one of the worst days in its 15-year history, when both benchmarks, the VN-Index of the Ho Chi Minh Stock Exchange and the HNX-Index of the Hanoi Stock Exchange, closed with sharp drops. The VN-Index of the southern bourse and HNX-Index of the northern bourse lost around 5.14 percent and 4.57 percent against the previous session, falling to 527.73 points and 74.06 points, respectively.

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Dau Giay-Phan Thiet expy divided into two components

 

The Saigon Times

The Government has approved a proposal for splitting the Dau Giay-Phan Thiet expressway project into two components with one financed by the State budget and the other executed under the public-private partnership (PPP) format, the Government Office said.
 

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Real estate transactions rise sharply

 

Vietnam Economic Times

A report on the real estate market in the first seven months of the year released by the Vietnam National Real Estate Association (VNREA) on August 25 showed that the property market is continuing to grow positively, particularly in Hanoi and Ho Chi Minh City. The total number of successful transactions during the first seven months in the two cities doubled against the same period last year.  

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Vingroup drops bid for controlling stake in Saigon Port

 

Deal Street Asia

Vietnam’s largest property developer Vingroup has withdrawn from the bidding process to purchase 80 per cent stake in Saigon Port. Vingroup had earlier submitted bids for acquiring a controlling stake in the Vietnam’s busiest port, the latter has announced. That leaves only Vietinbank and VPBank in the race to be the strategic investors in Saigon Port.

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Bitexco, Vingroup licensed to build residential projects

 

Vietnam Investment Review

The Ha Noi People's Committee has granted investment licences to the multi-industry group Bitexco and real estate developer Vingroup to develop two urban projects: The Manor Central Park & The Green City.
 

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Viet Kieu, foreigners invest in home

 

Viet Nam News

The changes to the housing law allowing foreigners and Viet kieu (overseas Vietnamese) to buy houses in Viet Nam (from July 1) has had an impact on the housing market. The increasing number of successful deals in the past seven weeks is a good sign for the market, indicating further good times are in store for it.Back to top

Hanoi in search of investors for 4 shopping malls in the suburbs

 

Land Today


Hanoi People’s Committee has just released The Decision No. 3415/QD-UBND in terms of supplementing 4 property projects, namely Supermarket & Ancillary Commercial-Service Zone in Quoc Oai, Commercial-Service Zone in Thanh Tri and Public Utility & two Commercial Markets in Hoai Duc in order to select investors in 2015. [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