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CBRE Vietnam’s Top Property News Stories – W41/2015

The Biggest Winner From TPP Trade Deal May Be Vietnam, Vingroup invests in Sports & Entertainment Complex in Thu Thiem, HCM City cracks down on delays, Vietnam's tourism welcomes nearly 50 million domestic travelers in January-September period…

 

CBRE Newspaper Updates on Residential Ads

 

 

 
  • New launch projects:

    • Citibella in District 2:

      • 1st launch on October 10, 2015
      • Total: 105 townhouses
      • Land: 5 x 16 sm, build-up: 170 sm
      • Price: from 2.5 bil/unit;
    • Phu An Center in District 12:

      • 1st launch on October 11, 2015
      • Construction completed
      • 8 blocks, 7 – 9 floors, area: 30.6 ha
      • Scale: 67.8 – 80.4 sm with 2 – 3 br
      • Price: from 11.6 mil/sm;
    • Hung Phuc – Happy Residence in District 7:

      • 1st launch on October 11, 2015
      • 4 blocks, 19 floors, area: 9,592 sm
      • Total: 554 apartments & 13 shophouses
      • Price: from 2.3 bil/unit;
    • Block C1 & C2 – Him Lam Cho Lon in District 6:

      • Launch 160 units on October 10, 2015
      • Final blocks of Him Lam Cho Lon
      • Price: from 1.62 – 2 bil/unit
      • Payment term: 3 – 5 years
      • Lease commitment: 12 – 15 mil/month;
    • Block H – Conic Skyway Residence in Binh Chanh District:

      • 1st launch on October 10, 2015
      • The second block of Conic Skyway Residence
      • First payment: 10%, discount: 7%
      • Price: from 14.3 mil/sm.

  • Three new launches:

    • Park View Tower (Hoang Mai District):

      • 150 transactions in two months
      • Start price: VND1.2 billion (VAT included, semi-furnished);
    • Star Tower (Cau Giay District):

      • Start price: VND 2 billion (VAT included, 72.9 sqm)
      • Unit size: 69-92.2 sqm;
    • Thang Long Victory (Hoai Duc District):

      • Start price: VND 850 million (VAT included)
      • Unit size: 58-93 sqm.
  • Other advertisements:

    • Goldsilk Complex (Hoang Mai District):

      • Loan promotion: Customers will enjoy 0% interest for 22 months or 3.99% for a year;
    • Season Avenue (Ha Dong District):

      • Promotion: 10% discount when purchasing house.

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Real estate pins hopes on TPP

 

Vietnam Economic Times

Real estate investors in Vietnam are placing much hope on a breakthrough in the market following the announcement that the TPP was signed on October 5. That there will be a turning point in terms of liquidity in the real estate market and in property distribution in Hanoi were common sentiments among investors when asked about the impact of the TPP.

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The Biggest Winner From TPP Trade Deal May Be Vietnam

 

Bloomberg

Vietnam, whose low-wage economy relies on exports, is likely to be the biggest winner of the Trans-Pacific Partnership that slashes an estimated 18,000 tariffs among the dozen participating countries. In a decade, the country’s gross domestic product will be boosted 11 percent, or $36 billion, as a result of the world’s largest trade pact. Exports may soar 28 percent in the period as companies move factories to the Southeast Asian country. Here’s what analysts and economists say about Vietnam’s economic prospects and challenges under the deal.

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Vingroup invests in Sports & Entertainment Complex in Thu Thiem 

 

Land Today

HCM City People's Committee has approved guidelines on the general ground plan of the Sport & Entertainment Complex at 2C functional areas of Thu Thiem new urban area, as proposed by Vingroup and the Board of Management of Investment and Construction of Thu Thiem new urban city. [The original article is available in Vietnamese only.]

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Observation Complex kicks off in HCMC

 

Vietnam Economic Times

Empire City held a breaking ground ceremony for its Observation Complex in Ho Chi Minh City’s District 2 on October 2. The project is located on an area of 14.5 ha in the Thu Thiem New Urban Area and has investment capital of $1.2 billion. Completion is expected in 2022. 

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HCM City cracks down on delays

 

Vietnam News

The recent decision by HCM City authorities to revoke 298 development projects, mainly public works, reveals a determination to take stronger measures against delays. According to the city Department of Natural Resources and Environment, most of the works to be called off this year relate to widening roads, dredging canals, and building embankments, schools, hospitals, tenements, and houses for the poor spread over all districts. 

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City plans massive special economic zone

 

Vietnam News

HCM City plans to set up a special economic zone spread over the four districts of 7, Binh Chanh, Nha Be, and Can Gio to develop its maritime economy and logistics industry. The zone will have 35sq.km and a population of 321,000 in District 7, 49sq.km and 125,000 people in Binh Chanh, 100sq.km and 163,000 people in Nha Be, and 704sq.km, half of which will be protective forest, and 77,000 people in Can Gio.

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VN's urban trains behind schedule

 

Vietnam News

The progress of urban train projects have not met public expectation, said Deputy Prime Minister Hoang Trung Hai during a meeting on Tuesday to review the progress of urban train projects in Ha Noi and HCM City. The deputy PM said there were a number of factors that contributed to the sluggish progress including slow land-site clearance, investors and project management boards' limited capability and a lack of co-operation between ministries, Government agencies and local authorities.

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Global competitiveness index improves for 3rd consecutive year

 

Hanoi Times

Viet Nam’s global competitiveness index jumped 12 places, to the Global Competitiveness Report 2015-2016 released by the World Economic Forum. The report assesses the competitiveness landscape of 140 economies, providing insight into drivers of their productivity and prosperity. Viet Nam lands at 56th compared to 68th last year, progressing for the third consecutive year, the report says.

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Vietnam's tourism welcomes nearly 50 million domestic travelers in January-September period

 

Hanoi Times

General Director of the Vietnam National Administration of Tourism (VNAT) Nguyen Van Tuan said at the recent conference in Hanoi that domestic tourists rose by 9% to 48.8 million in the nine-month period, contributing to a 2.8% growth in the country’s tourism revenues. According to General Director Nguyen Van Tuan, Vietnam has witnessed an increase in the number of tourist arrivals in recent months, ending the declining trend since the beginning of this year. In the first nine months of this year, the country welcomed nearly 5.7 million tourists, down 5.9% annually but tourism revenues increased by 2.8%.

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Three Vietnamese hotels among 34 best ones in Asia

 

Vietnam Investment Review

Hyatt Regency Danang, Park Hyatt Saigon and Sofitel Legend Metropole Hanoi have been listed among 34 best hotels in Asia by Business Insider.

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Extended presence

 

Vietnam Net

Convenience store numbers doubled in 2014, from 147 in 2012 to 348, while minimarts increased by 589 in number last year, from 863 in 2012 to 1,452, according to the latest Nielsen Vietnam figures. This new demand among Vietnamese consumers is being led by time-poor and predominantly young shoppers in making everyday food and grocery purchases and has been a key driver in the initial growth levels of convenience store expansions.  

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Christian Louboutin coming to Hanoi

 

Vietnam Economic Times

The Maison Joint Stock Company, one of Vietnam’s leading fashion brand distributors, has recently announced a Christian Louboutin flagship store will open at 23 Trang Tien Street in Hanoi’s Hoan Kiem district in the beginning of December. The store has a 200 sq m area in a two-storey prime address. Renovations are underway and it will officially open in December to meet the shopping needs of luxury customers in the holiday season.

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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