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CBRE Vietnam’s Top Property News Stories – W37/2015

Hanoi planning the road direction connecting Nhat Tan bridge and Thanh Nien street, FDI inflow to Vietnam rises over 30 percent y-o-y in Jan-Aug: statistics, Interest of $129,000 payable daily for Thu Thiem, Five local firms among top Asia-Pacific retailers…

 

CBRE Newspaper Updates on Residential Ads

 

 

 
  • Re-launch projects:

    • PhoDong Village in District 2:

      • 5th launch on September 13, 2015
      • Prices will increase from VND500 mil to VND1 bil per unit
      • Types: townhouses, semi-detached villas, detached villas;
    • Mega Village in District 9:

      • Final launch with about 100 units
      • 87 units handed over
      • Price: from VND2.45 bil/ garden townhouse.

  • Three new launches:

    • Eco-Green City (Thanh Xuan District):

      • Launch block CT3
      • Start price: VND24.5 million psm (VAT included, fully-furnished);
    • Park Hill Times City (Hai Ba Trung District):

      • Launch block Park 5 (last batch of Park 5)
      • Start price: VND30.5 million psm (VAT excluded, semi-furnished)
      • Promotion: VND50 million shopping voucher, VND2.5 million psm discount for the first 50 customers;
    • Goldmark City (Tu Liem District):

      • Price from: VND24.5 million psm (VAT included)
      • Promotion: free air-conditioner, lucky draw: Mercedes C200, Maxda 2, Piaggio LX…
      • Expected completion: Q1 2017.
  • Other advertisment:

    • Nghia Do NUA (Cau Giay District):

      • Start price: VND1.3 billion/1BR unit, VND1.7 billion/2BR unit
      • Expected completion: Q4 2016;
    • Mulberry Lane (Ha Dong District):

      • Sold units: 800
      • Block B, D, E will be re-launched in September.

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Hong Kong’s Chow Tai Fook takes controlling stake in Vietnam’s long-stalled $4b Nam Hoi An casino resort

 

Deal Street Asia

Vietnam-based investment firm VinaCapital has teamed up with Hong Kong’s property-to-jewellery conglomerate Chow Tai Fook Enterprises Ltd to jointly develop the long-stalled $4 billion Nam Hoi An casino resort in central Quang Nam province of Vietnam, the investment company has announced.

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VN Dealbook: T&T group is strategic investor in Transportation Hospital, Sun Group spends $217.7m on Phu Quoc entertainment centre, An Phat Real Estate to take controlling stake at Vinaconex 3

 

Deal Street Asia

Private property companies in Vietnam have recently engaged in a spate of infrastructure investment and equity deals. While T&T Group, a multi-sector group that is also involved in real estate, has basically become the strategic shareholder of the Central Transportation Hospital – the first state healthcare unit to be privatised in the country, An Phat Real Estate Investment Trading JSC plans to up stake in construction firm Vinaconex 3 JSC to 51 per cent. Sun Group, another real estate majors in Vietnam, has started construction of a $217.7 million entertainment centre and cable car project in Phu Quoc Island.

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VN Realty Dealbook: Hung Thinh Corp buys condo project; US firm invests $120m in industrial park

 

Deal Street Asia

Real estate market in Vietnam has seen some investment action coming in both from local and overseas investors. There has been an acquisition activity in a Vung Tau City-based condo project, while US-based Trillions Enterprise, has got the approval to initially invest $120 million in the Tan Duc Industrial Park, developed and managed by Tan Tao Investment Industrial JSC.

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Vietnam signs bilateral tourism cooperation agreements with Cambodia, Laos, Myanmar

 

Tuoi Tre News

Tourism officials from Vietnam, Thailand, Laos, Cambodia and Myanmar discussed solutions for luring tourists to their region and integrate their tourist industry as they met in Ho Chi Minh City on Wednesday. The five countries are member of a political, economic, and cultural bloc known as ACMECS and have agreed to turn the region into an attractive destination for global vacationers under a campaign called “Five Countries, One Destination.”

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Construction kicks off on world’s longest cable car

 

Vietnam Economic Times

The Sun Group began construction of the world’s 7.9 km cable car as well as an entertainment center on Hom Thom Islet, Phu Quoc Island, on Semptember 4. With investment of VND4.9 trillion ($215.6 million) in the project’s first phase, the cable car will link An Thoi township on Phu Quoc with Hon Thom.

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Interest of $129,000 payable daily for Thu Thiem

 

Vietnam Economic Times

In a recent document sent to the Prime Minister, the Ho Chi Minh City People’s Committee reported that the city’s government pays interest of more than VND2.9 billion ($129,000) every day on loans used for developing the Thu Thiem New Urban Area, used for site clearance compensation and resettlement and infrastructure investment.

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Chain stores to answer consumer needs

 

Vietnam Investment Review

Domestic and foreign retailers are mulling over plans to develop a range of convenience store chains across Vietnam, in hopes of meeting rising consumer demand with this high-potential business model.

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Five local firms among top Asia-Pacific retailers

 

The Saigon Times

Five enterprises in Vietnam have secured their positions on the 2015 list of Top 500 Retailers in Asia-Pacific selected by Retail Asia magazine and market research firm Euromonitor. The five are Saigon Union of Trading Cooperatives (Saigon Co.op), phone retailer The Gioi Di Dong, Nguyen Kim Trading Joint Stock Co., Big C and Saigon Jewelry Co. 

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Cau Dien Terrarium moved to Dan Phuong to give way to super project Green City

 

Cafe F

Cau Dien terrarium will be moved to Dan Hoai canal in Dan Phuong ward, with an estimated size of 9.5ha. The site clearance will give way to Green City project, developed by , a subsidiary of Vingroup. Green City project is the reciprocal ones of North parks and compensating reservoir, and the expansion of South Mai Dich graveyard. Land usage of the project will be about 17,63ha, with a population of 8.760 and invested capital of 4.850b VND]. [The original article is available in Vietnamese only.]

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FDI inflow to Vietnam rises over 30 percent y-o-y in Jan-Aug: statistics

 

Tuoi Tre News

FDI channeled into Vietnam in the first 8 months this year saw a 30.4% y-o-y rise, reaching over US$13.33 billion, according to the Foreign Investment Agency. Processing-manufacturing continued to take the lead among 17 sectors with $10.35 billion, accounting for 77.7 percent of the newly registered and additional FDI capital channeled into Vietnam. Real estate and wholesaling-retailing came second and third with a total investment of $1.82 billion and $311.08 million, respectively.

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Rise in deposit interest rates, a cause for concern

 

Vietnam News

There is an upward trend in bank deposit interest rates, and analysts have urged the Government to act to keep the rates low, warning there could otherwise be adverse consequences. Interest rates for three-month deposits have climbed by 0.3-0.4 percentage points to 5.5 per cent at many banks.

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Vietnam spent US$100 mil per month for import cars from China

 

VN Economy

According to General Department of Vietnam Customs (under Ministry of Finance), gross import cars from China in first seven months of 2015 reached 18,008 units accounted for US$696.1 mil. As a result, Vietnamese people spent approximately US$100 mil per month, equivalent to VND2,200 bil for China cars. China has largest number and value in 12 countries which import cars to Vietnam. [The original article is available in Vietnamese only.]

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City to build tunnel to ease congestion

 

The Saigon Times

 

The HCMC government has approved a project to build an overpass and a tunnel at Nguyen Van Linh-Nguyen Huu Tho Intersection in District 7 to cope with chronic traffic congestion at the southern gateway to the city.

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Hanoi planning the road direction connecting Nhat Tan bridge and Thanh Nien street

 

Cafe F

According to the research of the Ministry of Transportation, the building project will have a length of about 5.53km, a width of 60m, with an invested capital of more than 4.700b VND. [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