Home   »   Top Vietnam Property News   »   CBRE Vietnam’s Top Property News Stories – W45/2015
CBRE Vietnam’s Top Property News Stories – W45/2015

The Nassim sold over 90 per cent of released units in private review, ANZ experts: Vietnam might devaluate the Dong further by 5-7%, Singapore: CapitaLand Vietnam launches JV with Thanh Nien arm for $55m housing project…

 

CBRE Newspaper Updates on Residential Ads

 

 
  • New launch projects:

    • Nassim in District 2:

      • Special launch on October 31, 2015
      • 4 towers, 238 units
      • Unit scale: 51 – 146 sm with 1 – 4 br
      • Price: from 3.5 bil/unit;
    • T3 & T4 – Estella Heights in District 2:

      • Official launch on October 31, 2015
      • Last phase of Estella Heights
      • Unit scale: 55 – 180 sm with 1 – 4 br
      • Price: from 45 mil/sm;
    • Jamona Apartment in District 7:

      • Final launch on November 01, 2015
      • Price: about 20 mil/sm, from 1.3 bil / 60 sm unit
      • First payment: 300 mil, payment term: 15 years.

  • New launches:

    • Imperia Garden (Thanh Xuan District):

      • The last launch for this project
      • 8% discount or 0% interest rate in 16 months for 100% down payment;
    • EcoLife Capitol (Tu Liem District):

      • 400 guests and more than 100 units sold in the first launch;
    • Five Star Garden (Thanh Xuan District):

      • Start price: VND25 million psm (VAT included, fully-furnished)
      • Promotion: iPhone 6S Plus, iPad mini 3…
    • Horizon Tower (Tu Liem District):

      • Located in the Diplomatic Square
      • Unit size: 103.3 – 157.6 sqm;
    • Gemek Tower (Hoai Duc District):

      • Units launched: 150
      • Start price: VND14 million psm (VAT excluded).

Back to top

 

Singapore: CapitaLand Vietnam launches JV with Thanh Nien arm for $55m housing project

 

Deal Street Asia

CapitaLand Vietnam, a unit of Singapore-based realty major CapitaLand Limited, has entered into a joint venture (JV) with Saigon Commercial & Tourism Corporation, a subsidiary company of Thanh Nien Corporation (Thanh Nien), to develop a prime site in District 2 at Ho Chi Minh City, for an estimated project value of $55 million.

Back to top

 

The Nassim sold over 90 per cent of released units in private review

 

Vietnam Investment Review

The Nassim, a luxury condominium jointly developed by Hongkong Land and SonKim Land in Ho Chi Minh City, has sold over 90 per cent of the released units in a private preview event which took place on October 31.

Back to top

Local real estate most attractive regionally

 

Vietnam Economic Times

Singapore conference names Vietnam as most attractive and best operating market in region. Vietnam was chosen as the most favored property market in the region at a conference on real estate held in Singapore, out the host city and the Philippines, Thailand, Myanmar, Malaysia, and Indonesia.
 

Back to top

French retailer lands in Hanoi

 

Vietnam Economic Times

France’s leading retail group Auchan will sign a strategic cooperation contract with the Military Petrochemical JSC (Mipec) on November 3 to get its supermarket chain underway in Hanoi. A contract to lease space at the Mipec Long Bien Commercial Center will also be signed. The strategic deal sees Auchan officially arrive in Vietnam’s capital under its plan to launch the Simply Mart supermarket chain in the northern region. The supermarket at Mipec Long Bien will cover an area of 3,700 sq m.

Back to top

Five-star beach resort opens in Quang Ninh

 

Vietnam News

Vinpearl Ha Long Bay Resort, a luxury tourist complex built by property developer Vingroup, opened on October 31 in the northern Quang Ninh province. Vinpearl Ha Long Bay Resort is the first and largest five-star beach resort in northern Viet Nam. It began welcoming visitors on November 1.
 

Back to top

M&As, consolidation in retail play steering Vietnamese realty to recovery path: VinaCapital

 

Deal Street Asia

Backed by strong macro fundamentals, Vietnam’s real estate sector is looking at a resurgence driven largely by M&A activities in the property space. According to a report by real estate investment firm VinaCapital, M&A is seen as the key driver for retail growth, given the development of grocery, hypermarket, and fast moving consumer goods sectors, which saw several notable deals from Asian investors since early 2015.

Back to top

Ho Chi Minh City’s neglected Thuan Kieu Plaza to get facelift, 20 yrs on

 

Tuoi Tre News

A 100,000 square meter complex that hosts three multistory apartment buildings in Ho Chi Minh City is set for a revamp, after being neglected for years, the facility’s new owner has said. The 20-year-old Thuan Kieu Plaza, located on Hong Bang Street in District 5, will be upgraded and repaired to “better meet demand of the local community,” Ho Xuan Dung, deputy general director of An Dong Investment Corp., told Tuoi Tre (Youth) newspaper.

Back to top

FLC Sam Son Beach and Golf resort receives 5 star certification

 

Vietnam Breaking News

On October 30,2015, FLC Group held the announcement ceremony of 5-star FLC Sam Son Beach and Golf resort granted by Vietnam National Administration of Tourism. This is the first 5-star resort in Thanh Hoa Province and promises to become one of the leading establishments providing high quality tourism services, contributing to improvement of quality of Thanh Hoa’s tourism. 

Back to top

Hanoi 20- year non-completed project changed the developers 

 

VN Express

The project located in Dong Da District had changed 3 developers since its approval in 1997. The Prime Minister requested Ministry of Agriculture & Rural Development to direct Vigecam Company transfer Dong Da Entertainment Park to Nam Sao International Limited Company. The project has been stopped because the new developers should fix the bad consequences of previous developers. [The original article is available in Vietnamese only.]

 

Back to top

North expressway speeds up trade

 

Vietnam Investment Review

The Hanoi-Haiphong expressway, a national strategic investment, is set to open for traffic in December of this year, removing the bottleneck between Haiphong and the Red River Delta. As part of the most important and modern expressway system in the country, this route will shorten travel times between cities and provinces in the north of Vietnam, cutting the journey between Hanoi and Haiphong from over two hours to less than an hour.

Back to top

ANZ experts: Vietnam might devaluate the Dong further by 5-7%

 

VN Express

ANZ Bank forecasts that the exchange rate of VND/USD will rise up to 23,900 VND in the end of 2016 and to 24,000 VND in the first half of 2017. According to ANZ report on November 4, Vietnam foreign exchange reserves will reach nearly 35 billion USD in 2015 and will not meet the requirement of 12- week import this year due to the import value expanded. [The original article is available in Vietnamese only.]

Back to top

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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