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CBRE Vietnam’s Top Property News Stories – W43/2015

Finnish fund investing in Viet Nam's property market. Vietnamese State Companies Can No Longer Invest in Real Estate, Banks. CII proposes building bridges on Hanoi Highway…

 

CBRE Newspaper Updates on Residential Ads

 
  • Re-launch project:

    • The Green View in District 8:

      • Official re-launch on October 17, 2015
      • Other name is Binh Dong Xanh
      • Scale: 71.4 – 145 sm
      • Price: from 1.45 bil/unit.
  • The most actively advertised projects are:
  • Duong Hong Garden House in Binh Chanh District:

    • Price: from 1.9 bil/plot and 3.8 bil/townhouse
    • Area: 59,349 sm, 473 land plots
    • Completed infrastructure;
  • Mega Village in District 9:
  • Final launch
  • Price: from 2.49 bil/unit
  • 70% supported by bank.

  • Two re-launches:

    • The Pride (Ha Dong District):

      • Start price: VND1.7 billion (VAT included, fully-furnished)
      • Give 1 Honda Lead (35 million Vnd) when buy a 2-bedrooms apartment, 1 Piaggio Vespa LX (70million VND) when buy a 3-bedrooms apartment;
    • Five Star Garden (Thanh Xuan District):
    • Start price: VND25 million (VAT included, fully-furnished).
  • Other advertisements:
  • Goldmark City Complex (Tu Liem District)

    • Promotion: Customers will receive a saving account ranging from VND30 million to VND150 million when buy a Goldmark apartment;
  • Imperia Garden (Thanh Xuan District)
  • Promotion: 8.5% discount for Imperia Garden apartment buyers.

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Finnish fund investing in Viet Nam's property market

Vietnam News

PYN Elite Fund (Non-UCITS), managed by Finnish PYN Fund Management Ltd, has been actively buying shares in many real estate companies in Viet Nam with an eye to the future. Viet Nam's real estate market is picking up, driven by the Government's support policy as well as bright prospects once the Trans Pacific Partnership becomes operational. According to reports of some securities companies, if TPP takes effect, not only will exports grow but also foreign investment inflows are likely to benefit apartment and office leasing services.

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Vinhomes most valuable real estate brand

Vietnam Economic Times

Vinhomes, a subsidiary of Vingroup, was assessed as being the most valuable brand in Vietnam’s real estate sector in 2015 by Brand Finance, a London-based brand valuation and strategy consultancy. Its brand value was put at $343 million, putting it in third place nationally after Vinamilk and Viettel.

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Vietnamese State Companies Can No Longer Invest in Real Estate, Banks

Saigoneer

Beginning in December, state-owned companies will no longer be able to invest in the real estate or banking sectors. As part of an effort to reform the economy, government officials approved the new regulation, which forbids investment in banks, stock or real estate by state-owned enterprises (SOEs).

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Part of Tao Dan Park to be used for metro station

The Saigon Times

The authority of District 1 in HCMC said around 2,100 square meters of Tao Dan Park would be cleared to make room for a station of Metro Line No. 2 running from Thu Thiem New Urban Area in District 2 to Tay Ninh Coach Station. According to the People’s Committee of District 1, 33 trees would be felled. However, the committee said that as big trees play an important role in the downtown area, prudent steps would be taken to limit the number of trees to be chopped down for the Tao Dan station.

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Hotel surplus threatens Da Nang

Vietnam News

Da Nang city authorities warn of a ho-tel construction boom that could lead to a glut in rooms, saying the rapid development of many small hotels could affect the tourism industry and cause an infrastructure overload that could affect people's living standards.

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CII proposes building bridges on Hanoi Highway

The Saigon Times

HCMC Infrastructure Investment Company (CII) has proposed plans for building two bridges in parallel with Hanoi Highway which will connect District 2 and districts 9 and Thu Duc to help reduce traffic congestion on the highway.

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Thai group to manage $1.5bln Vietnam resort

Thanh Nien News

Thailand's ONYX Hospitality Group has signed an agreement with Vietnam's HB Group to manage a US$1.5-billion resort that is being built in Hoi An, local authorities announced Sunday. OZO Hoi An, a 364-room beachfront property, will spread over an area of 400 hectares in Cam An Ward and Dien Ban town south of the famous town. It will also have a shopping mall, dining and recreational facilities, residential apartments, and villas, with the hotel set to open next year end.

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Franklin Templeton plans to invest $3 bln in Vietnam's service sector

Thanh Nien News

US-owned investment manager Franklin Templeton will likely invest US$3 billion in a wide range of Vietnamese companies over the next five years, news website Saigon Times Online reported on Monday. The company's investment portfolio will include restaurant chains, tourism service providers and logistics companies, CEO Mark Mobius was quoted as saying at a press conference that same day.

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Hanoi leaders approve the 1600 – billion VND My Dinh Local Port project

Cafe F

Chairman of Hanoi People’s Committee, Nguyen The Thao, has signed the Decision No5459/QĐ-UBND  about My Dinh Local Port in Duc Thuong, Hoai Duc District, Hanoi. Total land needs to be used is about 23.2 ha, including 17.75 ha construction area and 5.45 ha road planning area. The time for project arrangement is lower than 6 months. It was built to meet requirement of export & import in the future. At the beginning, the My Dinh Port was located in Pham Hung, Tu Liem District, Hanoi which connected to Hai Phong Port, Noi Bai airport and it is the largest port in land in Vietnam. The movement of My Dinh Port avoids the traffic congestion in city centre and provides enough spaces for warehouses. [The original article is available in Vietnamese only.]

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Song Da Thang Long transfer part of Usilk City project to Hai Phat Thu Do

Cafe F

Song Da Thang Long has just transferred the CT2-105 building in Van Khe new urban area (Usilk City) to Hai Phat Thu Do Joint Stock Company. CT2-105 is a block with 50 floors and 2 basements, providing 752 apartments. According to initial information, Hai Phat Thu Do has acquired this building for VND50 billion. This block is part of the Usilk City project developed by Song Da Thang Long JSC; this is a relatively large apartment complex in Ha Dong district. [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