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CBRE Vietnam’s Top Property News Stories – W46/2014

Launch the only block with 4-bedroom apartments in Times City,New condominium project in Hanoi, adding more 700 units…

 

CBRE Newspaper Updates on Residential Ads 
 

 

   
  • Two new launches:

    • Soho Riverview in Binh Thanh:

      • Total area: 6,677 sm,18 storey & 3 basement;
      • Price is from 1.5 bil/ unit, 90% units have 53 – 65 sm;
      • High-end and luxury apartment with Saigon river view;
      • It takes 7 minutes to reach District 1; 
      • Hand over in Q2 2016.
    • Thanh Yen Residence in Long An Province:
    • Total area: 33.9 ha;
    • Townhouse: 1,312 plot/ 72 – 80 sm, Villa: 93 plot/ 190 – 200 sm;
    • Price is from 230 – 300 mil/ plot.
  • The most actively advertised projects are:
  • Dai Phuc River View (land plot) in Binh Thanh: 

    • Total area: 40,249 sm;
    • Site coverage: 40%;
    • Residential area has 209 townhouse and villa units;
    • Asking price for land plot is from VND23.4 million per sm.
  • Dong Tang Long (land plot) in District 9:
  • Total area: 159.36 ha;
  • Asking price for land plot is from VND6.9 million per sm.
  • Total area: 31,953 sm, site coverage: 40%;
  • Residential area has 2,464 units with range of area is from 34sm to 38sm;
  • 2 BR unit’s price from 340 millions/unit/49 years, pay VND 2.5 millions per month no rate.
  • Le Thanh Tan Tao in Binh Tan:

  • Three new-launches  

    • Helios Tower (Hoang Mai)

      • Asking Price: VND21 mil – VND23.5 mil psm (furnished including VAT)
    • T11 Times City (Hai Ba Trung)
    • Asking price from VND34 mil psm (including VAT + maintenance fee)
    • Asking price VND28 mil psm (including VAT)
    • Condominium 209 Doi Can (Ba Dinh)
  • Three re-launches
  • Hei Tower (Thanh Xuan)

    • Asking price VND 27 mil – VND 29 mil psm ( including VAT)
  • New Skyline (Ha Dong)
  • Asking price VND20 mil – VND22 mil psm (bare-shell excluding VAT)
  • Asking price VND21 mil – VND23 mil psm (including VAT)
  • Condominium 283 Khuong Trung (Thanh Xuan)
  • Thang Long Number 1

    • Discount up to 4% unit value + Car park fee worth up VND800 million.
  • Other active advertised projects

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Launch the only block with 4-bedroom apartments in Times City
 

VnEconomy

On 8 November 2014, Vinhomes launched 4-bedroom apartments at Block T11 in Times City. These apartments are ready to be handed over to buyers. The sizes range from 51.9sqm to 160sqm with 1-4 bedrooms. The developer will support management fee in 10 years, VIP package of Vinmec Family for 4 people, 1-year scholarship at Vinschool. [The article is in Vietnamese only]

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New condominium project in Hanoi, adding more 700 units
 

CafeF

On 12 November, NHS Construction Investment JSC introduced the new project – Helios Tower. The building includes 3 basements, 2 blocks with 35 floors for each. GFA is 92,267sqm. 4 floors are for commercial services,. There are totally 720 apartments with sizes from 63sqm to 98.5sqm. The project is located in No.75 Tam Trinh, near Mai Dong. Expected price is about 22.5 million per sqm and expected launch is Q4 2016. [The article is in Vietnamese only]

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Water filtration system is integrated into a condominium project for the first time in Vietnam
 

CafeF

According to Hoa Binh Ltd, the developer of Hoa Binh Green City, the company has signed a contract to install a RO water filtration system. The system can eliminate toxics such as: asen, amoni or megan without being in house-filtered or boiled. This technique has been popular in developed countries such as European countries, the US, Singapore. In Vietnam, it has been assembled in some factories. However due to its costliness, at present only two condominium projects have this system, including Hoa Binh Green City and Thang Long Number 1. [The article is in Vietnamese only]

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Street shops lose business to big foreign chains
 

VietnamNet

Vietnamese-owned street food shops are losing ground to big foreign chains that have stronger financial capability.The expansion of the F&B chains will inevitably force locally-owned small shops to either to shut down or shift to other market segments to avoid direct confrontation.

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Saigon Co.op wins Best of Best retailers award
 

SaigonTimes

HCMC – Saigon Union of Trading Cooperatives, or Saigon Co.op, has become the first Vietnamese company to win the award Best of the Best in the 2014 Top 10 Retailers in Asia-Pacific.

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Part of Phap Van – Tu Hiep and My Dinh II condominiums is exclusively reserved for student rent.
 

CafeF

Phap Van – Tu Hiep’s condominium is sized 56.9sqm for 8 students per room. Expected price is VND205 thousand/student/month (included VAT and excluded services). For My Dinh II, there are 7,368 units with size of 45sqm for 6 students per room, expected rent cost of which is VND215 thousand/student/month. [The article is in Vietnamese only]

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HCMC will establish a professional research team to profile real estate indicators
 

BizLive

The DoC is determined to establish its own professional research team which will provide more accurate and trustworthy data than CBRE, Savills, C&W and etc. This is a step from HCMC’s government to answer a number of complaints from developers on the discrepancy of statistics provided by CBRE, Savills, the article cited. [This article is in Vietnamese only]

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Vietnam creates special zones for foreign investment projects
 

VietnamNet

The Ministry of Planning and Investment has been drafting a law for the operation of three special economic zones in three provinces of Viet Nam for foreign investment projects.

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Vietnam ranks 6th out of 10 destinations of private capital
 

CafeF

According to a study from PwC named “The Asia Pacific New Version” which is based on a survey of 600 CEO about the regional business development, the result came out stated 67% CEO were on schedule to invest in APEC next 12 months. The plan spreads throughout 21 nations such as: China, Indonesia, Singapore.…Vietnam ranks 7th out of top ten Asia economy and about to be increased in capital, result from 45% CEO’s choices. In addition to that, Vietnam also ranks 6th out of 10 destinations of private capital. [The article is in Vietnamese only]

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Lower crude oil prices challenge Vietnam’s economy
 

GreetingVietnam

Prices dropped after Saudi Arabia lowered prices of exports to the US and the US oil reserve rose to US$2.3 billion barrel, this price fluctuation would affect Vietnam’s economy. As the crude oil prices fall in the world market, Vietnam will have to slash retail petrol selling prices. It is consumers who will be the biggest beneficiaries from the oil and petrol price decreases, the national economy would also benefit because business man can cut transport fees and production costs but, Vietnamese oil and gas firm will also suffer, both in the short and long term.

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PwC study on investments in Asia Pacific is released
 

VietnamNet

PwC, a leading professional services firm, today released the study, “New Vision for Asia Pacific: Connectivity creating new platforms for growth,” which reflects a rising confidence of CEOs in Asia Pacific about prospects for business in the region.

Accordingly, forty-six percent of executives in the region now say they are “very confident” of growth in the next 12 months, up 10 points from 2012 and four points from last year, despite slowing growth in China, the economic engine for the region.

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Jets Depart Saigon Belly Full as Samsung Spurs Cargo Boom
 

Bloomberg

On a rainy Ho Chi Minh City night, a half dozen ground handlers in reflective vests grunt and yell as they jockey an aluminum container onto the main deck of an Airbus A320 cargo jet bound for Hong Kong. This symbolizes the rest of trade in Vietnam in the fourth quarter.
Exports are leading a gradual acceleration in Vietnam’s economy, a counterpoint to the struggles of the banking industry and state-owned enterprises whose bad debts have damped domestic spending in recent years. The country has become the leading Southeast Asian exporter to the U.S., and shipments there may jump 19 percent to about $29 billion this year, according to the American Chamber of Commerce in Vietnam.

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