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CBRE Vietnam’s Top Property News Stories – W53/2015

The World Economy's Winners and Losers in 2015, More foreign investors eye real estate market, Nation's retail sales jump 9.5% this year, Vinpearl Empire Condotel publishes press release before launch…


CBRE Newspaper Updates on Residential Ads


  • New launch projects:

    • Dream Home Palace in District 8:

      • Launch on 26 December 2015
      • Scale from 51 sm to 81 sm
      • Price from VND868 million for 2-br apartment;
  • The most actively advertised project is:

    • 9 View in District 9:

      • Total area of 12,627 sm with 3 blocks
      • Number of apartments is 690 units
      • Scale from 58.1 sm to 86.98 sm.

  • New launch:

    • GoldSeason in Thanh Xuan District:

      • 4 towers 27 -35 floors, total area 22,300 sqm
      • Differentiate in design, luxury Manhattan park
      • Units have area from 64 sqm to 106 sqm with 2-3 bedrooms;
  • Other advertisement:

    • Trang An complex in Cau Giay District:

      • 600 units sold in total 800 units
      • Quick construction progress with 7 days/ floor;
    • Star Tower in Thanh Xuan District:

      • 27 – floor building located on Khuong Trung ward, Thanh Xuan district
      • Area from 69 to 92.2 sqm, view to To Lich river, Royal city;
    • Mon City in Tu Liem District:

      • Phase 1: 2 30 – floor building with 896 units
      • Area from 69 to 92.2 sqm, view to To Lich river, Royal city.

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The World Economy's Winners and Losers in 2015



In the emerging market world, clear standouts included Vietnam, Tanzania and, wait for it, China. Even after a $5 trillion stock market rout and what's tipped to be the slowest growth in 25 years, China's overall gross domestic product growth remains relatively robust compared to its peers. India's economy also expanded faster than expected in the third quarter when GDP rose 7.4 percent from a year earlier, after a 7 percent expansion in the previous quarter.  

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Credit for social houses will apply interest rate of 6.5% in 2016



According to the provisions of the State Bank of Vietnam, the applied interest rate for housing-assistance loans in 2016 will be 5% and will take effect on January 01, 2016. The source is confirmed at Decision No. 2645/QD-NHNN about the applied interest rate of commercial banks on housing-assistance loans in 2016, pursuant to the recently-issued regulations by the State Bank of Vietnam: Circular No. 11/2013/TT-NHNN dated May 15, 2013 and Circular No. 32/2014/TT-NHNN dated November 18, 2014. [The original article is available in Vietnamese only.]

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More foreign investors eye real estate market


Vietnam Investment Review

Foreign direct investment in the local real estate sector is expected to rise in 2016 given the positive property development outlook. According to the Ministry of Planning and Investment, foreign direct investment (FDI) inflows to the real estate sector reached nearly $2.32 billion in the first 11 months of this year, almost double year-on-year. FDI for the real estate sector accounted for 11.5 per cent of the country’s total registered investment capital and ranked third after the manufacturing and processing sector. An increasing number of foreign investors are expected to flock to Vietnam’s real estate market in 2016. It is forecasted that FDI inflows into the sector will account for around 30 per cent of the country’s total registered FDI capital. Buoyant growth will stimulate trading, merging and acquisition activities, which will help revive many delayed projects in the market.

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Vietnam lists 17 sectors open for foreign investment


Thanh Nien News

Vietnamese government has published a list of 17 business sectors that are open to foreign investors, with some condition, in bid to improve the investment environment. The list includes real estate and providing services in tourism, entertainment, computing, research and development, information, leasing, transportation, construction, healthcare and trading. The conditions include a foreign ownership ratio, the form and scope of investment, Vietnamese partners and other conditions subjects to international treaties on investment.

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Nation's retail sales jump 9.5% this year


Vietnam News

Viet Nam's retail sales of goods and services rose 9.5 per cent this year, the largest increase since 2011, as low inflation and strong economic growth bolstered consumer confidence, data from the General Statistics Office (GSO) revealed. Sales were estimated at VND3,242 trillion (US$148 billion). Attributed the significant rise in 2015 to the country's 0.63-per cent CPI year-on-year rise, the lowest increase in the past 14 years. Retail sales growth was also triggered by the increasing number of newly-opened supermarkets and convenience stores throughout the countries, enhancing competition among product suppliers. According to GSO, retail sales of goods, which account for 76 per cent of the total sales, reached VND2,470 trillion ($112 billion), up 11 per cent from last year.

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Samsung ups investment in southern Vietnam project to $2 billion


Tuoi Tre News

A unit of South Korea's Samsung Electronics won Vietnamese government approval on Tuesday to raise its investment in an electronics plant to $2 billion, part of a wave of projects in Vietnam by global consumer goods giants.The expansion by Samsung, Vietnam's biggest foreign investor, comes amid similar moves by global electronics giants to boost operations in the country, tapping wages lower than China and the prospect of tariff cuts from a series of free trade deals with major markets.The additional $600 million will go into production of Samsung's Smart televisions and other electronic goods, as well as research and development work.

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Invest nearly VND 3,000 billion to build a bridge which connects two highways


Total investment for Hung Ha Bridge is VND 2,871 billion. This bridge will connect Hanoi-Hai Phong highway and CauGie-NinhBinh highway which are the key routes of Vietnam. The construction of this project started on 27/12 and expected to be finished in 36 months. The bridge is 6km long (start at Phuong Chieu commune, Hung Yen Province, and end at Bac Ly commune, Ha Nam Province) , 22.5m wide, with 4 lanes and 80km/h of speed limitation.[The original article is available in Vietnamese only.]

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Hanoi will build 5 overhead railway routes



Based on Government Decision, Hanoi will have total 8 railway routes, 2 of which (Ha Dong – Cat Linh and Nhon – Hanoi train station) are being constructed and nearly put into use. Then, construction of the second route ( Nam Thang Long – Tran Hung Dao) will start soon. In next 10 years, Hanoi will complete 5 other routes.[The original article is available in Vietnamese only.]

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Grand opening of new giant supermarket Emart



On 28th December 2015, the giant retail group from South Korea opened the very first Emart in Vietnam. The supermarket is located on Phan Van Tri Street, Go Vap District. The new supermarket has a GFA up to 11,900 sm including supermarket, cosmetic stores, food courts, game center, playground for children and a huge parking lot which has a capacity of 1,500 motorbikes and 150 cars.[The original article is available in Vietnamese only.]

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MIK, AnphaCorp introduces Park Vista apartment project


Biz Hub

Property developers MIK Corporation and AnphaCorp have officially introduced the Park Vista apartment complex in HCM City's District 7. Park Vista is located on Nguyen HuuTho Street in District 7 on an area of 1.27ha. It is near Phu My Hung City Centre and many universities as well as shopping malls. In the first phase, the project will offer 680 apartments with a size ranging from over 53sq.m to over 92sq.m at an estimated price of VND890 million (US$41,000).

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750 guests participated in GoldSeason project launch



More than 750 customers who concern about the project participated in the GoldSeason launch on 27th December. GoldSeason is the first high- end project in Hanoi that is designed by Moore Ruble Yudell Architect & Planners company (MRY). Therfore, the differences in design and great location make GoldSeason attractive to customers in the first launch. GoldSeason is located on 47 Nguyen Tuan Street, Thanh Xuan District, Hanoi, connecting with all prime roads. GoldSeason has 4 towers with all facilities. Units area are from 64 sqm to 106 sm.[The original article is available in Vietnamese only.]

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Vinpearl Empire Condotel publishes press release before launch



The new project is located on Le Thanh Ton street and will be launched on 10th January 2016. Vinpearl Empire Condotel will be developed in a 6,500 sm area. The project includes a basement, 5 floors for retail and other facilities and 34 floors for 924 apartments. 1-bedroom and 2-bedroom apartments are highly prioritized while the 3-bedroom ones have a low proportion in its product-mix. The price for a 1-bedroom apartment is estimated between VND1.9 billion to VND2.4 billion depending on the view and location of the apartment.[The original article is available in Vietnamese only.]

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