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CBRE Vietnam’s Top Property News Stories – W4/2016

Central bank to control property loans, The Alliance between CapitaLand and Thanh Nien Corporation develops the 8th project in Vietnam, Hanoi established Dong Anh industrial zone sized 18.5 ha, Construction of Nhan Chinh Park in Hanoi to commence in March 2016 ,…

CBRE Newspaper Updates on Residential Ads

 

 
  • No new launch;
  • The most actively advertised project is:

    • Goldview in District 4:

      • Total area is 23,061 sm
      • Number of units is 1,905 with scale from 50 sm to 133 sm
      • Price is from VND1.9 billion/unit;
    • Van Xuan Bac Sai Gon in District 12:

      • There are 19 townhouses and 4 villas
      • Price is from VND 1.78 bil/unit
      • Scale is from 55 sm to 184 sm.

  • No new launches;
  • Other advertisements:

    • Vinhomes Gardenia  in Tu Liem District

      • This apartment part named Arcadia consits of 3 apartment blocks, each lock as height 37-39 floors, each floor has 19-21 apartments. There are also 11 elevators for each block.
      • There are 10 gardens and 66 facilities inclduing outdoor and indoor swimming pools, shopping – recreational centers, educational and medical infrastructures, sport center, community hall and children playground;
    • Goldmark City in Tu Liem District:

      • The apartment part named Saphire was lauched on January 23
      • Maritime Bank offers a loan package with interest rate only 3.99% for 18 months.
      • Saphire apartment zone consists of four 40-storey blocks. There are over 2,000 apartments in total, with area ranges from 67.92 sqm to 173.02 sqm;
    • Gamuda Gardens in Hoang Mai District:

      • The TWO Residence apartment block was introduced to buyers on January 23.
      • There are 3 apartment types: Studio, Standard and Dual-keys with area from 37 sqm to 126 sqm and choices of 1, 2 or 3 three bedrooms.
      • Total area is 73,571 sqm, with one 27-storey apartment block and one 30-storey apartment block.

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Vietnam’s optimistic in 2016  

 

The Saigon Times

Vietnam turns to 2016 with many prospections such as a steady macro economy, high economic recovery, and a new governing machine will be shortly established. However, there will be several challenges. They could be innovations that have not appropriate with the reality; not enough awareness of opportunity, challenge and the real requirement and international economic integration, as well as the role of the Government in economic adjustment; and fees for citizen groups re-adjustment, businesses etc..  [The original article is available in Vietnamese only.]

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Central bank to control property loans

 

Vietnam Investment Review

The central bank will control property loans to limit risks. Nguyen Phuoc Thanh, State Bank of Vietnam deputy governor, commented that despite of positive credit growth with the majority of loans poured into production and business activities on 2015, many banks pumped too much capital into the real estate market. He said that bad debts remained an issue for banking sector. With enterprises that asked for loan restructuring and lower interest rates to avoid bankruptcy, some banks were facing troubles. The Viet Nam Institute for Economic and Policy Research under the University of Economics and Business reported that rallies in the property market were positives signs for the economy but caution is required to avoid “property bubbles” from happening

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The Alliance between CapitaLand and Thanh Nien Corporation develops the 8th project in Vietnam. 

 

REIC

Recently on 27th October, CapitaLand Vietnam has announced the alliance with Saigon Trade and Services Ltd which belongs to Thanh Nien Corporation in order to develop a project in District 2 for $55 million. It will be developed on 1 hectare with 350 flats. CapitaLand will hold 80% and Thanh Nien Corporation holds 20% in this alliance. With such a business, CapitaLand has had the 8th project in Vietnam and the 6thproject in Ho Chi Minh City, pushing the total housing products of this corporation in Vietnam to 7.850. [The original article is available in Vietnamese only.]

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CapitaLand corporates Thien Duc to develop Safari $150 million in District 2.

 

Cafef

On 15th September, CapitaLand empowered CapitaLand Holdings to sign a contract with Thien Duc Ltd to develop another project in District 2, Ho Chi Minh city. The project is called Safari. CapitaLand will hold 80% while Thien Duc holds 20% in this alliance. CapitaLand is one of the oversea investors who have the best business performance in Vietnam in the first 6 months when it sold 389 flats in Vietnam and it also has 69 million Singapore dollars. In 6/2015, CapitaLand has 618 million Singapore dollars of total invest value in Vietnam. [The original article is available in Vietnamese only.]

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Property market remains stable in January

 

The Saigon Times

The property market in the first month of 2016 has stayed stable in terms of price though there have been more successful housing transactions, according to the Housing and Real Estate Management Department. This month Hanoi has seen 1,600 successful housing transactions, according to reports of real estate investors and trading floors in the city. The figure is the same as last year’s December but up by 3% year-on-year. The department reported that there have been around 1,600 successful home deals in HCMC this month, increasing 3% over December and 10% year-on-year.

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Apartment inventories in city plunge

 

 

The Saigon Times

Apartment inventories in HCMC had plummeted to 2,378 by the end of last year as some 12,112 units in stock had been sold, according to the HCMC Department of Construction. There had been 14,490 unsold apartments in the city as of December 2012 but only 16.5% of the number had remained in stock by end-2015. HCMC’s value of housing inventories had been VND9.5 trillion (more than US$424 million) as of January 20, down nearly VND8 trillion compared to the end of December 2013.

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India auto parts maker Pricol eyes Vietnam for expansion: report
Thanh Nien News

 

  Indian company Pricol, which makes components for automakers like General Motors and Volkswagen, plans to set up a plant in Vietnam next year as part of its global expansion plans. Pricol plans to earmark 500 crore rupees, or US$73.55 million, for the expansion plan.
 

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Hanoi established Dong Anh industrial zone sized 18.5 ha
Cafef

 

People’s Committee of Hanoi decided to establish 18.5 – hectare Dong Anh industrial zone which is located in Nguyen Khue commune, Dong Anh district, Hanoi. The industrial zone aims to create sufficient spaces and infrastructures for production. The industrial zone also attracts industrial businesses, small industries and handicrafts, which are compatible with local social and economic development purpose. Dong Anh Industrial zone operation period is 42 years from the date of establishment decision. [The original article is available in Vietnamese only.]
 

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Construction of Nhan Chinh Park in Hanoi to commence in March 2016

 

Hanoi Moi

People’s Committee of Thanh Xuan District decided to take over as developer of Nhan Chinh Harmonizing Lake Park in Hanoi and intent to begin construction on March 2016. The project, which is located at Nhan Chinh commune, Thanh Xuan District and Trung Hoa commune, Cau Giay District, covers 18,23 ha including Thanh Xuan District Cultures and Sports Centre.  The park includes Harmonizing Lake sized 0,8 ha with regional drainage function; green park landscape, leisure, entertainment and outdoor activities; pavement sized 5,2 ha and 200sqm infrastructure land. The project will improve living conditions and landscape in Hanoi. [The original article is available in Vietnamese only.]
 

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Two more urban areas announced in Hanoi suburban

 

Land Today

Two urban zones GS (A) and GN (C) will be located in Thanh Tri, Thuong Tin, Me Linh and Dong Anh district with an area of over 1,200 hectares. Hanoi Department of Planning and Architect and Hanoi Urban Planning Institute announced theirs plan for the two urban zones on January 12. According to People’s Committee of Hanoi decision, urban zone GS (A) belongs to administrative boundaries of Thanh Tri district and Thuong Tin district. The urban zone has an area of 1,221 hectares with maximum population of 35,900 people by 2050. About urban zone GN (C), its administrative boundaries of Dong Anh district and Me Linh district. The zone covers 1,247 hectares with population approximately of 15,000 people by 2050. Both urban zones are constructed for the purpose of creating green spaces for the city.  [The original article is available in Vietnamese only.]
 

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International visitors to Vietnam rises dramatically in January

 

Cafef

According to new figures released by the General Statistics Office, the numer of international visitors to Vietnam in January, 2016 is estimated to be 805.1 thousand, up 5.8% from the previous month and up 12.3% compared to the same period last year. Detailed statistics show that arrivals from Asian countries reached 525.7 thousand, up 12.8%. Arrivals from Europe were estimated at 154 thousand, up 11.9. Visitors from the Americas reached 76.3 thousand, up 15.4%. Arrivals from Australia reached 46.2 thousand, up 3.8%. [The original article is available in Vietnamese only.]

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Thai Central says 'keen to bid' for retailer Casino's Thai, Vietnam stores

 

Tuoi Tre News

Thailand's biggest retailer, Central Group, said it may bid for French supermarket firm Casino Group's Thai and Vietnam stores, seeking control of a business it already partly owns as a platform for growth in fast-growing Southeast Asia. Casino owns 58.6 percent of the Thai asset, Big C Supercenter Pcl, which has a market value of $5.5 billion, and is the country's second-biggest hypermarket business. The Vietnam asset is worth at least $750 million, according to people familiar with the matter. Central owns 25 percent of Big C through its founding Chirathivat family, according to company sources. Other potential bidders for the Big C Vietnam asset include Berli Jucker Pcl, the flagship company in the consumer business of TCC Group, controlled by Thai tycoon Charoen Sirivadhanabhakdi.

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VN FDI surges this month

 

Vietnam Investment Review

According to the Foreign Investment Agency (FIA), Foreign direct investment (FDI) in Viet Nam increased significantly by 101.2% to more than US$1.33 billion in January of this year. Up to 127 new foreign-invested projects, worth more than $1 billion, were licensed as of January 20, surging 157.9% compared with last year. Moreover, 56 operating ones were approved to raise the capital by $323.4 million, up 19.2% on-year. FIA said the foreign-invested sector recorded a trade surplus of more than $1.59 billion in January as it exported more than $9.74 billion, a year-on-year increase of 3.2%, while its imports fell 2.2% to $8.15 billion.

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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

 

 
 
 

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