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CBRE Vietnam’s Top Property News Stories – W5/2015

Thu Thiem 2 Bridge breaks ground in HCMC, Saigon Tourist plans to IPO this year,SBV to takeover Viet Nam Construction Bank….

CBRE Newspaper Updates on Residential Ads 




  • The most actively advertised projects are:

    • Mega Sapphire in District 9:

      • Launch on 24 Jan 2015
      • Total is 57 units
      • Price is from 15.8 mil/unit;
    • Duong Hong Garden House in Binh Chanh District:
    • 2nd launch in January 2015
    • Total condo and villas is 219 units. Total investment is 680 bil
    • Price is from 1,5bil/ plot (95-100 sm);
    • Price is from VND 678 mil/unit
    • Scale is from 53.1 sm to 107.1 sm/unit
    • Total 2 blocks, 19 floors, 180 units.
    • Skyway in District 7:

  • One new-launch:

    • Five Star Garden in Hoang Mai District: 100 units launched on January 29, 2015

      • The project consists of two 33-storey blocks
      • Total units: 1,200
      • Price from VND21 mil psm (VAT included)
      • Expected completion: Q2/2017;
  • Advertisment activities:
  • Goldmark City in Tu Liem District: G5 to be the official distributor; first launch is going to be held on February 7, 2015, at VND27 mil psm (VAT included, fully-furnished);
  • HATECO Hoang Mai in Hoang Mai District: its ground-breaking ceremony took place on January 31, 2015; the project consists of two 28-storey blocks, with a total of 744 units.

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Thu Thiem 2 Bridge breaks ground in HCMC 

Saigon Giai Phong

Thu Thiem 2 Bridge broke ground at a ceremony in Ho Chi Minh City on February 3 under BT (Build-Transfer) form on February 3. The six-lane Thu Thiem 2 Bridge will connect Thu Thiem New Urban Area in District 2 with the downtown area in District 1. The work has a total length of 1,465 meters with the main bridge spanning 886 meters over Saigon River.

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Saigon Tourist plans to IPO this year


Saigontourist Holding Company and Saigontourist Travel Service Company are preparing procedures for equitization this year. Saigontourist served more than 2.15 million tourists last year, up 6.8% compared to 2013. The company’s revenue rose 7.1% to nearly VND16.4 trillion (US$766.7 million) and profit increased 4.3% to VND4.5 trillion.

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Thai Drinks Firms Thirst for Stakes in Vietnam

The Wall Street Journal

Thai Beverage PCL, the maker of Chang beer, is seeking to buy about 40% of state-owned Saigon Beer Alcohol Beverage, the people said, in a deal that could cost it close to $1 billion. ThaiBev has offered to pay as much as 80,000 Vietnamese dong ($3.76) a share for the company, which is also known as Sabeco. This translates to about a 60% premium to the Vietnamese company’s over-the-counter price of 45,000 dong to 50,000 dong a share, said a senior government official in Vietnam’s Ministry of Trade and Industry


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SBV to takeover Viet Nam Construction Bank


The State Bank of Viet Nam (SBV) announced on Monday that it will acquire all the equity of the Viet Nam Construction Bank (VNCB) as part of banking reforms. SBV said the acquisition is essential and stakes will be transferred at a price of zero dong per share. This is based on the law governing credit institutions, regulations on stake acquisition for specially-supervised lenders, and resolutions passed at VNCB shareholder meetings.

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Hanoi to build country's largest inland depot 


The Hanoi People's Committee has approved a proposal to build the country's largest inland container depot (ICD) in Duc Thuong commune, Hoai Duc district, west of the city. The total investment of the project is estimated to be 1.6 trillion VND (75.1 million USD), with 20 percent contributed by Interserco and the other 80 percent coming from other sources. Interserco plans to begin construction this year and is expected to finish in the third quarter of 2017 .


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International investors hunt high and low for land in HCM City

Business Times

Foreign investment funds and real estate developers have been looking for cleared land to purchase as the property market is expected to heat up in 2015. A Luxembourg-based investment fund, for example, has been looking for land plots in districts 8, 9, Thu Duc, Binh Tan, Tan Phu and Nha Be. Its Vietnamese partners said the investor wants land plots with an area of between 3,000 and 30,000 square meters where it would develop apartments with reasonable prices, valued at VND1 billion or more.


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Aeon secures footing in Vietnam

Vietnam Investment Review

Japan’s largest retailer Aeon, in addition to building its own stores in Hanoi, Ho Chi Minh City, and Binh Duong, has recently expanded its presence in the Vietnamese market through the acquisition of two local retailers.

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Korean investors consider Vietnam as best location for business expansion in 2015 

Tuoi Tre News

According to Korean International Trade Association (KITA), a majority of polled South Korean firms choose Vietnam as the best location for business expansion among many emerging foreign markets in 2015. In 2014, Korean investors focused mainly on the field of manufacturing and processing industry with 322 new projects and 151 expanded projects valued at a total $6.58 billion. Real estate sector followed with six new projects and 1 project with added capitals, totaling $363.2 million, accounting for 5 percent of the total investment.

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Ha Noi to have first rent-free shopping


Domestic business will be able to use permanent rent-free stalls at the V+ Shopping Mall and Supermarket in Viet Nam, which is officially open on January 31. The V+ centre, located in the south of the city, will span 25,000 square metres on the No 505 Minh Khai street. The marketplace aims to promote domestic goods and support Vietnamese producers, farmers and family businesses. As per the marketplace's requirements, enterprises have to sell products made in Viet Nam and limit sales profits to below 15 per cent. Besides, customers can buy products at a price that is 30 to 50 per cent lower than other places because the local traders will not account rent costs into their products.

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Perdana Malayia can invest billion USD for Park City Ha Noi Project


ParkCity Hanoi located on two main streets, Le Trong tan and Le Van Luong with total areas of 77 hectares, after completed will provide 5715 units to market. According to Mr. Lawrence Peh, CEO of ParkCity Hanoi, Perdana Malayia has so far disbursed more than $ 100 million to build urban infrastructure. However, large-scale urban area of ParkCity Hanoi, the investment costs can be up to $ 1 billion. Up to now,  all townhouse and villa was sold and has 35 apartments moved in [The original article is available in Vietnamese only.]

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Amata pleas for extra incentives

Vietnam Investment Review

Thailand’s Amata Corporation has asked for special incentives from the Vietnamese government for investment projects located inside its proposed $2 billion hi-tech park and township complex in the northern province of Quang Ninh.

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SBV proposes $2.3b package for real estate revival

Vietnam Investment Review

An official of the Ministry of Construction made an official announcement about the package VND50 trillion or US$2.3 billion to support the local commercial housing market during its recovery period. Loans extended from the package will carry an interest rate of 7 per cent per year for the first 10 years. At present, 15 banks have been permitted to extend loans from the VND30 trillion package for social housing projects.

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New investment policies to take effect

Vietnam News

The Law on Investment 2014 (coming into effect on July 1st, 2015) shall contain significant changes, in comparison with existing provisions, specifically in investment forms, new regulations on Investment Registration Certificate, and projects entitled for investment incentives.

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Vietnam's Q1 GDP growth to quicken, inflation ease in 2015

Thanh Nien News

Vietnam's economic growth will quicken to an annual rate of 5.4 percent in the first quarter ending March. "This trend will continue in the following quarters and the growth target of 6.2 percent for the whole of 2015 is feasible," the National Financial Supervisory Commission said in a report. Annual average inflation would slow to 3 percent this year due to low oil prices, the commission said, citing slowing core inflation in December 2014, and also taking into account average inflation declining in recent years.

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Novaland go public end of 2015

Viet Capital Securities

Prime residential developer with 18 projects in HCMC’s CBDs and most of them are under development. Ownership structure undisclosed but founders expected to hold majority stakes. Project NPAT margin at 5-15%, possibly due to high land costs and interest expenses. FY15-16 will see high performance thanks to massive finished apartment delivery. Management considering IPO at the end of 2015. 


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