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CBRE Vietnam’s Top Property News Stories – W36/2015

Work to begin on three huge projects in Thu Thiem in 2016, Property sales survive ghost month, VinMart opens new supermarkets in Bien Hoa and Ho Chi Minh City, Thai companies invade Vietnamese market, push aside Chinese products….

 

CBRE Newspaper Updates on Residential Ads

 

 

   
  • Three new launches:

    • The Park Avenue in District 11:

      • Launch on August 29, 2015
      • Price: from 35 mil/sm
      • 2 blocks, 32 floors;
    • Luxcity in District 7:

      • Launch on August 30, 2015
      • Price: from 1.49 bil/unit with 2 br
      • Payment: 1 sm/month;
    • Golden Masion in Phu Nhuan District:

      • Official launch on August 30, 2015
      • Price: from 2.4 bil/ 75 sm unit
      • Unit scale: 49 – 109 sm.

  • One new launch:

    • Nghia Do NUA (Cau Giay District):

      • Launch block CT1A, CT1B
      • Start price: VND1.3 bil/1BR unit, VND1.7 bil/2BR unit
      • Expected completion: Q4/2016
  • Other advertisements:

    • Parkview Residence (Ha Dong District):

      • The developer to cover 3% interest rate, buyer only need to make payment of 5%, equivalent to the VND30 trillion package’s offer
      • Unit size: 55 – 112 sqm, 2-4 BR
    • Seasons Avenue (Ha Dong District):

      • Unit size: 67 – 135 sm, 2-3 BR
      • To launch in October 2015, expected price: VND30 mil/sm
    • Hanoi Landmark 51 (Ha Dong District):

      • The 51-storey building would be the third tallest in Hanoi
      • Unit size: 76 – 116 sm, 2-3 BR

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Property sales survive ghost month

 

Vietnam News

Despite local taboos associated with buying houses in the seventh month of the lunar calendar, property transactions have not seen the usual lull this year. As a result, few property transactions take place during this time, but attitudes appear to have changed this year. In recent days, several developers launched sales for their projects and introduced attractive promotions to attract buyers.

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HCM City property sector attracts over $1.4b FDI

 

Vietnam Investment Review

The HCM City property sector has attracted more than US$1.42 billion worth of foreign direct investment this year, the city's Statistics Office has reported. The city continued to overwhelmingly top the country in terms of FDI in property, accounting for nearly 78.5 per cent of the total investment of $1.82 billion in 18 new projects and seven existing ones that are expanding. Experts forecast a torrent of FDI in the property sector by year-end thanks to the changes to the Law on Housing and Real Estate Business that allow foreigners and Viet Kieu (overseas Vietnamese) to buy houses in Viet Nam.

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Work to begin on three huge projects in Thu Thiem in 2016

 

The Saigon Times

Investors are expected to start work next year on three major projects in HCMC’s Thu Thiem New Urban Area with total investment capital amounting to more than US$3.5 billion. The city government said in a report sent to the central Government Office and relevant ministries last Monday that the three projects are Song Viet commercial center, Eco Smart City, and Thu Thiem observatory tower.

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Vietnam’s realty major Novaland plans IPO in 2017

 

Deal Street Asia

Vietnam-based real estate group Novaland is planning an initial public offer (IPO) in 2017, the company announced on Friday. The company gave no detailed roadmap for the IPO, saying that the listing will depend on the development of the local real estate market. In June, private equity investment firms VinaCapital and Dragon Capital, along with Saigon Securities Inc had purchased the company’s convertible bonds worth $47 million, in which VinaCapital invested in $15 million.

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VinMart opens new supermarkets in Bien Hoa and Ho Chi Minh City

 

Vietnam Breaking News

The VinMart chain of supermarkets and stores opened two supermarkets in southern Vietnam – VinMart Bien Hoa and VinMart Quang Trung, Ho Chi Minh City on August 28 and September 2. The two stores are in Vincom Quang Trung – 190 Quang Trung Street, Go Vap District, Ho Chi Minh City and Vincom Bien Hoa – 201 Pham Van Thuan Street, Bien Hoa city.

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Thai companies invade Vietnamese market, push aside Chinese products

 

Vietnam Net

After dislodging Chinese goods from traditional markets, Thai goods are now entering many supermarkets, shopping malls and convenience stores. The presence of Central Group in Vietnam with two shopping malls in Hanoi and HCM City has paved the way for Thai goods to invade Vietnam. 

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CapitaLand and Hoang Thanh introduce Seasons Avenue

 

Vietnam Economic Times

CapitaLand Vietnam Holdings (CapitaLand) and the Hoang Thanh Investment and Infrastructure Development JSC (Hoang Thanh) announced the launch of the new mid to high-end residential project Seasons Avenue in Hanoi’s Ha Dong district on August 26. Located at the Mo Lao New Urban Area, Seasons Avenue has a total land area of 1.36 ha and a total gross floor area (GFA) of 196,000 sq m. With total investment of $170 million, the project comprises four blocks of 40 to 41 storeys, named S1, S2, S3, S4, and drawing inspiration from the concept of four seasons.

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Vingroup to upgrade Hanoi's Vinh Tuy – Mai Dong Road

 

Vietnam Economic Times

Real estate developer receives $44.5 million advance payment from capital to widen road and ease traffic congestion. The road has a total length of 1.4 km with site clearance to begin in October and is expected to ease traffic congestion in the area and link with transport infrastructure in the city. The road is part of Ring Road No. 2, which was planned by the city’s Department of Transport in 2012 and includes a 5-km flyover connecting Vinh Tuy-Mo Market and the Vong Intersection, with an estimated cost of VND5 trillion ($222.5 million).

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Oct 28 opening for Aeon Mall Long Bien

 

Vietnam Economic Times

Aeon and Aeon Mall announced on September 3 that they will officially open Aeon Mall Long Bien, the first Aeon shopping mall in Hanoi, on October 28. Aeon Mall Long Bien is located in Long Bien district, about 5 km from the centre of Vietnam’s capital. On an area of 96,000 sq m with a gross floor area of 120,000 sqm, Aeon Mall Long Bien is the third Aeon shopping mall in Vietnam and also the largest Aeon project in the country to date.

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Logistics firms lose on home market

 

The Saigon Times

More than 1,300 Vietnamese firms in the logistics sector mainly act as agents for around 25 foreign logistics firms on the home market, heard the Vietnam Logistics Forum 2015 last week. Data of Vietnam Supply Chain showed foreign enterprises dominate 70-80% of Vietnam’s logistics market.
 

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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