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CBRE Vietnam’s Top Property News Stories – W4/2015

 

Ho Chi Minh to build Thu Thiem 2 Bridge in February,Prime Minister Approves Plan For Phú Quốc Casino,Nearly VND 1,600 million invested in My Dinh Domestic Port (IDC), …

CBRE Newspaper Updates on Residential Ads 

 

 

 

  • The most actively advertised projects are:

    • Le Thanh Tan Tao in Binh Tan District:

      • 4 blocks, block A: 534 units, block B: 624 units, Twin Towers: 605 units
      • Price is from 340 million/unit
      • Installment: VND 2.5 million per month, no interest;  
    • Mega Sapphire in District 9:

      • Launch on 24 Jan 2015
      •  Total is 57 units
      •  Price is from 15.8 mil/unit;
    • The Ascent in District 2:

      • Launch on 25 Jan 2015
      • Total is 280 units
      • Scale per unit is from 71 sm to 104 sm
      • Price is from 2.3 billion/unit;
    • Sala in District 2:

      • Total is 234 villas, 395 Townhouses, 5600 condo
      • High-end residence, service, office and commercial
      • Area of 3 parks with fully types of sports is 28 ha;
    • Dong Tang Long in District 9:

      • Launch 3rd in December 2014
      • Price is from VND 7 mil/unit.

  • Two new-launches:

    • Vinhomes Royal city R6 in Thanh Xuan District:

      • Launched on January 24, 2015
      • Distributed by STDA
      • The last block of Royal City
      • the block is already completed
      • Discount 5% for the first 150 customers
      • Price from VND2.3 bil/unit (unit size: 55sqm);
    • Sun Square in Tu Liem District:
    • 38 units launched online launch via ww,batdongsan.vn
    • Price from VND25 – VND27 mil psm, unit size 84 – 115 sqm
    • Expected completion: Q3 2016
  • One re-launch:
  • Discovery Complex in Cau Giay District:

    • Price from VND3.5 bil/unit, unit size from 90 – 180 sqm
  • Other advertisment activities:
  • HBI held its Imperia Garden in Thanh Xuan District: project’s ground breaking ceremony on January 23, 2015;
  • GP Invest started constructing the project Trang An Complex in Cau Giay District on January 24, 2015.


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Prime Minister Approves Plan For Phú Quốc Casino

Saigonneer

Prime Minister Nguyen Tan Dung has approved plans for an entertainment complex along with a casino to be built in the southern island of Phú Quốc. Phú Quốc, often referred to the “Pearl of Vietnam,” has seen a tremendous rise in tourist numbers over the past couple of years and development has ramped up in massive fashion due to a visa exemption for foreign visitors and designation as a special economic zone.

 

 

   

       

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Ascott launched its first serviced residence in Hai Phong

VIR

The132-unit Somerset Central TD Haiphong City is located on a prime urban area in the city’s new central business district. Ascott is offering special introductory rates starting from VND1,650,000++ per night or VND30,450,000++ per month for a Studio Executive from now until April 30, 2015. Ascott currently has over 2,000 apartment units in 13 properties across four cities in the country – Hanoi, Ho Chi Minh City, Haiphong and Danang.


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Intercontinental finally moves into Keangnam  

VIR

Keangnampresident Lee Hyo Jong told VIR last week that after a period of negotiations, InterContinental Hotel Group (IHG) and Keangnam had come to an agreement, and were making preparations to open the InterContinental Hotel at Keangnam in the second half of this year. At the very top of the Landmark 72 building, perched between floors 62-71, the 359 rooms will have spectacular views, not to mention access to a variety of restaurants and state-of-the-art meeting facilities.


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Nearly VND 1,600 million invested in My Dinh Domestic Port (IDC)

CafeF

IDC located on Pham Hung is developed and operated by Interser, within the total area of 18.2 ha. The project, consisting of Operation Center, Office, Warehouse, Commercial Center…, will be constructed in 2015 and expected to complete in Q3/2017 [The original article is available in Vietnamese only.].


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HBI JSC broke ground at Imperia Garden Complex

VIR

Locatedon a 42,000 square metre site in Thanh Xuan district, Imperia Garden takes after the Imperia An Phu, which was voted one of Ho Chi Minh City’s five best modern apartment projects. This is a multi-function complex consisting of offices, residences, and a trading centre, and will cater for a population of 5,000. Ranging from 65 to 174 square metres, each apartment is designed according to modern and eco-friendly standards. Imperia Garden is scheduled for completion at the end of 2017.

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AEON buys Citimart and Fivimart stock

VNExpress

AEON is planning to capture 30% stock of Fivimart and 49% of Fivimart. However, the companies haven’t decided to sell stock for foreigners yet. By the end of 2014, Citimart and AEON achieved agreement on cooperation to open AEONCitimart, in which AEON will help Citimart in management, operation… The first deal AEON participated was to open G7 minishop with Trung Nguyen. [The original article is available in Vietnamese only.].

 

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Ho Chi Minh to build Thu Thiem 2 Bridge in February

Dantri International

The construction work of the Thu Thiem 2 Bridge will begin on February 3, according to Nguyen Huu Tin, Vice Chairman of the Ho Chi Minh City People’s Committee. The bridge is intended to connect the new urban area Thu Thiem, which is being developed, in District 2 to the downtown area in District 1.

 

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The most modern highway Vietnam will be opened to traffic on 8 February

VNExpress

55 kilometters of highway HCMC – Long Thanh – Dau Giay will be opened to traffic on 8 February. The construction units are rushing to complete the final task [The original article is available in Vietnamese only.].


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FDI Flows up 67.1 Pct in Jan

Vietnam Breaking News

As ofJanuary 20, Vietnam disbursed US$505 million in Foreign Direct Investment (FDI), up 8.6 percent compared to the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.


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Inflow capital from banks pours into the real estate market

CafeF

An inflow capital seems to flow into the real estate market. Recently, many commercial banks have given credit package 2.000 billion, 5.000 billion, 10.000 billion for real estate projects. Borrowing limit can be up to 85% of total investment with interest rates of about 10%/year. It means that bankers have a positive outlook on the real estate market. Ministry of Construction forecast in 2015, growth of credit to the real estate market will be around 15% [The original article is available in Vietnamese only.].


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