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CBRE Vietnam’s Top Property News Stories – W46/2015

$23 million HCMC tunnel to ease traffic woes, New $80 million project for Ho Tram, Industrial zones attract more investments in last three years, Constructing process of Viettel Complex HCMC…

 

CBRE Newspaper Updates on Residential Ads

 
  • New launch projects:

    • Park 7 – Vinhomes Central Park in Binh Thanh District:

      • Launch on November 13, 2015
      • 8 units/floor
      • Unit size: 76 – 140 sm with 2 – 3 br
      • Price: from 48 mil/sm (VAT excluded);
    • Charmington La Pointe in District 10:
    • Launch on November 13, 2015
    • Total: 345 office-tel
    • Unit size: 31 – 45 sm
    • Price: from 1.03 bil/unit.
  • The most actively advertised projects are:
  • The Art in District 9:

    • Next launch on November 15, 2015
    • Price: from 1.2 bil/ 2br unit
    • Discount for young intellectuals or artists;
  • Bay Hien Tower in Tan Binh District:
  • Duplex and kiot for business are on sale
  • Kiot: ground floor, duplex: 21th & 22th floor.

  • New launches:

    • Nghia Do NUA ( Cau Giay District);

      • The last launch for this project
      • Unit size: 45-94 sqm.
  • Other advertisement:
  • Goldmark city: (Tu Liem District)

    • 4.99% interest rate for 36 months, loan amount up to 50% home value;
  • Park Hill Times City: (Hai Ba Trung district)
  • Block : Park 2, Park 6
  • Free parking 3-4 years. Loan amount up to 85% home value;
  • Free member fee of Gamuda Garden Club & free 10-year management fee.
  • Garden Homes:

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HCM City prepares to resettle 40,000 households

Vietnam Net

More than 40,000 apartments will be needed over the next five years to resettle residents who have had to move for public works or real estate projects, according to the city's Department of Construction. Speaking at a meeting held last week, Tran Trong Tuan, director of the department, said the estimated demand was based on the city's development plan to 2025. A programme that will relocate households now living along rivers and canals will need about 20,000 apartments. From now to 2020, the city will implement 462 major transport and public works and demolish dilapidated apartment buildings. The city will also need 28,168 resettlement apartments to relocate households affected by the projects and demolished buildings.

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Hanoi’s big hotels lure investors

Vietnam Investment Review

The Vietnamese government is about to sell its stake in the hotels of Thang Loi, Hilton and Kim Lien in Hanoi. The move has attracted special attention of both domestic and foreign investors.  In the context of the budget deficit and the State decision to divest from 10 large State-owned Enterprises, including the huge names such as Vinamilk, FPT, Binh Minh Plastic and Bao Minh insurance, the Vietnam Association of Financial Investors (VAFI) has proposed to the Government to sell its shares in large hotels.

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Constructing process of Viettel Complex HCMC

Cafe F

The project located at Cach Mang Thang 8 Street, District 10, covered an area of 14,240.7 sm with invested capital over VND2,700 bil. After finished, this complex will be the headquarters, trading center and luxury hotel of Viettel Corporation. Two blocks with three towers were topping out and the project is expected to complete at the end of 2016. [The original article is available in Vietnamese only.]

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SSG opens shopping center in city

The Saigon Times

SSG Group, which is active in the real estate sector, has opened Pearl Plaza commercial center in HCMC. The center covers 27,000 square meters in Binh Thanh District and has five floors and three basements for car and motorcycle parking. It is an integrated venue for shopping, dining, entertainment and sport. The center is now 90% occupied.

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Traditional groceries still financially powerful retail channel

Vietnam Net

It is clear that though the modern retail channel has been expanding unceasingly with the number of convenience stores increasing by twofold, and mini supermarkets by 70 percent just in 2013-2014, they still cannot defeat the 1.3 million existing groceries in Vietnam. Groceries are not as large and well equipped as supermarkets and convenience stores, and the service is not as good, but they have a big advantage in that they are available everywhere and at every corner of the market.

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Industrial zones attract more investments in last three years

Vietnam Net

Industrial zones (IZs) in the southern key economic zone (HCM City, Binh Duong, Ba Ria – Vung Tau and Long An) have seen a high level of investment for three years because of free trade agreements (FTAs) of which Vietnam is a member. The negotiations for the Trans Pacific Partnership Agreement (TPP) just ended in early October, but investors began preparing for the agreement a long time ago. An analyst said that IZ development is the most profitable segment of the real estate market.

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$23 million HCMC tunnel to ease traffic woes

Vietnam Net

The VND514 billion ($23.03 million) An Suong Tunnel project in District 12 and Hoc Mon district in Ho Chi Minh City has received approval and is expected to ease traffic congestion at the An Suong intersection and allow for greater traffic flows to and from National Highway No. 1A, National Highway No. 22, and Truong Chinh Road.

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New $80 million project for Ho Tram

Vietnam Economic Times

Tanzanite International has recently revealed plans to develop a hospitality real estate project in Ho Tram, Xuyen Moc district in Ba Ria Vung Tau province. The Hamptons Ho Tram will comprises 300 condotel apartments and 24 beach villas with investment of $80 million in the first phase, according to Mr. Ho Vinh Tuan, General Director of Tanzanite International. Construction is expected to begin in the second quarter of 2016.

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Hanoi approved the new urban zone division N11 with an area over 3,000 ha

Cafe F

Urban Zone Division N11 belongs to administrative boundaries of Thach Ban Ward, Cu Khoi – Long Bien District; Trau Quy Town and Co Bi commune, Phu Thi, Dang Xa, Duong Xa, Kieu Ky, Da Ton, Bat Trang, Dong Du – Gia Lam District – Hanoi. The planned area is about 3.111,80 ha. Population forecast for 2030 is 119,500 people, and reach the maximum up to 169,500 people by 2050. [The original article is available in Vietnamese only.]

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Additional international service apartment project, 25 floors high by the side of Westlake

Cafe F

Somerset West Point Project has been signed by Ascott Group, owned by CapitaLand (Singapore), the scale of projects is 247 international standard units. Ascott will officially manage this project when the project starts its operation from 2017. This hotel and service apartment complex is located at No.2, Tay Ho Street, Quang An Ward, Tay Ho District, Hanoi. Coteccons, the project contractor began construction on 01/10/2015. The project includes 3 basements and 25 floors. This contract costs VND182 billion for the structural of the basements, floors, and bare-shell building. [The original article is available in Vietnamese only.]

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BIDHomes project to become operational in 2018

Biz Hub

The Building and Infrastructure Development of Viet Nam Joint Stock Company (BID) and Urban and Housing Development Joint Stock Company have signed an agreement for BIDHomes Golden South project's development. The two sides will construct the 9,760sq.m complex in the expanded North Dai Kim Urban Area in the city's Hoang Mai District. The project would have three 28-storey buildings, five floors of commercial centres and offices, two grounds and 874 apartments measuring 70sq.m to 88sq.m each. The construction is expected to start in the second quarter of 2016, with the complex becoming operational in the second quarter of 2018.

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Quang Ninh plans economic zone on Chinese border

Vietnam News

Plans for the development of the Mong Cai economic zone in Quang Ninh on the Chinese border have been released. As approved by Prime Minister Nguyen Tan Dung earlier this year, the zone covers a total area of more than 120,000 hectares in Mong Cai City and Hai Ha District. It borders China in the north, and the East Sea in the south-east. Mong Cai, which has an international border crossing and Tra Co beach and Ka Long river, will be the major area for farm produce, forestry products and consumer goods production, as well as import-export activities. Hai Ha will be specialized for sea ports and new urban areas that are integrated to marine economic development.

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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