Home   »   Property News   »   CBRE Vietnam’s Top Property News Stories – W8/2016
CBRE Vietnam’s Top Property News Stories – W8/2016

Quang Ninh international airport to open by 2017​, Vingroup sells $134m of corporate bonds​, 42 projects planned in Hoan Kiem District in 2016​…

 

CBRE Newspaper Updates on Residential Ads

 

  • No new launch.
  • Other advertisements:

    • Park Paroma of Vinhomes Central Park (Binh Thanh District)

      • A good view to Central Park and Saigon River
      • Unit size: 79 – 150 sm
      • 10 units per floor
    • Mia (District 7)

      • Total area is 10,126 sm
      • There are 27 floors with 827 units
      • Unit size: 50 – 145 sm
    • Golden Mansion (Phu Nhuan)

      • Total area is 15,028.6 sm, there are 675 units in a 22 floors building with size from 75 to 100.8 sm each unit. Price from VND2.4 to 2.9 billion.
      • Located between Hoang Van Thu and Gia Dinh parks, 5 minutes to the Tan Son Nhat International Airport.

             

  • New launch:

    • Park Hill Premium (Hai Ba Trung district) – Park 12 condominium

      • First serviced furnished apartment condominium in Vinhomes Times City – Park Hill Premium, equipped with buffet restaurants, gym, business and conference center.
      •  Consists of 30 floors of 1-3 bedroom apartments with unit size from 56.1 – 122.3 sm
      • Apartments of 12 floors (264 units out of a total of 748) joins the market from the launching event on February 28th , 2016 at Melia hotel, Hanoi.
  • Other advertisements:

    • Hateco Hoang Mai (Hoang Mai district)

      • Total area is 7,032 sm
      • There are 744 units with unit size from 46 – 105.5 sm
      • There are two towers, each with 28 floors, of which two floors are used for parking, floor 4-27 are for residential use, floor 28 is a common area
    • Eco-Green City (Thanh Xuan District)

      • Total area is 20,234 sm
      • There are four towers, each with 35 floors, of which three floors are for shopping center
      • Unit size: 55.53 – 106.21 sm
    • Hanoi Landmark 51 (Ha Dong District)

      • Total area is 4,557.3 sm
      • There are 668 units
      • Unit size: 76 – 116 sm

Back to top

 

Health of top 15 listed property firms

 

Thoi Bao Doanh Nhan

There are 15 top property firms who have 81.5 percent of cash amount, 75 percent of total asset value of 60 listed property companies, but only hold 66 percent collected amount, and 65 percent of inventory value up to December 31, 2015. VIC, FLC, NLG and HQC are property giants who lead in both revenue and profits. [The original article is available in Vietnamese only.] 

 

Back to top

HoREA wants easy credit for property sector continued

 

The Saigon Times

The HCMC Real Estate Association (HoREA) has proposed the State Bank of Vietnam delay revising Circular 36 in a way that tightens lending to the real estate sector, saying that credit tightening would cause adverse impact. HoREA said the property market has just recovered from the crisis over the past two years and that the market would be hard hit if restrictions on property loans are introduced.

Back to top

Property prices soar along metro routes​

 

Viet Nam News

Property prices are skyrocketing along HCM City's proposed metro lines. According to Tuoi tre (Youth) newspaper, there are around 45,000 units in a series of apartment projects along' the eight planned metro lines. Along line No 1 (Ben Thanh – Suoi Tien) around 6,000 units are under construction and likely to be handed over in the next two to three years. In the last 12 months around 20 medium- and high-priced projects have been launched along line No. 3A, 5, and 6.

Back to top

Local property developers still dominate

 

Cong An Nhan Dan

Property firms in HCMC are gradually formed into major property developers in term of operational scale, financial capacity, and product diversity, to lead the market and cooperate equally with foreign partners. For example, Nam Long Group worked with World Bank's IFC, and two Japan-based Hankyu Realty and Nishi Nippon Railroad; Gamuda Land (Malaysia) invested in Celadon City in Tan Phu District, etc. [The original article is available in Vietnamese only.]

Back to top

Vietnam's VietJet signs US$3.04 billion deal with Pratt & Whitney

 

Thanh Nien News

Vietnamese budget carrier VietJet Air said on Thursday that it had signed a US$3.04 billion deal with US engine maker Pratt & Whitney, underscoring the growth potential of Southeast Asia's low-cost airline market. The engines will power the 63 Airbus A320neo and A321neo aircraft ordered by the carrier, VietJet said in a statement at the Singapore Airshow. The agreement is worth US$3.04 billion.

Back to top

 

Vingroup sold TNR Tower for USD 110 million
CafeF

 

This 30-floor office building is located on 56 Nguyen Chi Thanh Street. The first seven floors are used for commercial purposes including Maritime Bank office, while the seventh to the thirtieth floors are for rental offices. According to a report from Vingroup released in January 2016, TNR Tower was sold for US$110 million to TNR Holdings Vietnam. This price is for total office floor area of more than 64,700 sm (from seventh to thirtieth floor). [The original article is available in Vietnamese only.]

Back to top

AEON to open the next VND4,000-billion Shopping Mall in North Tu Liem
CafeF

 

 


 
AEON plans to build a shopping mall in Nam Thang Long Industrial Zone with a total investment of US$200 million (around VND 4,000 billion). After the completion, North Tu Liem AEON Mall will be the second Mall of AEON Group in Hanoi. Earlier at the opening ceremony of Long Bien AEON Mall in October 2015, Mr. Yukio Konishi, President and CEO of AEON Vietnam Co., Ltd, revealed that according to the plan up to 2020, the Group will build 20 shopping malls in Vietnam. [The original article is available in Vietnamese only.]

Back to top

Novaland to develop five urban projects in 2016
Vietnam Investment Review

 

Property developer Novaland yesterday announced that It would develop five new projects this year, bringing to the market around 4,000 products. The company did not disclose details but said that the new projects would be developed in the central region of the city and that information would be published in March and April.
 

Back to top

42 projects planned in Hoan Kiem District in 2016​

 

CafeF

People’s Committee of Hanoi issued Decision No.672/QD – UBND, approving the planned land use in Hoan Kiem district in 2016. Accordingly, the district will have 42 projects, including 16 projects relating to marking the boundary for land clearance, 19 unfinished projects of 2015, and seven new ones. About 15.76 ha will be allocated for agriculture, while 521.99 ha will be used for non-agricultural purposes. [The original article is available in Vietnamese only.]
 

Back to top

Vietnam seen gaining uppermiddle-income status by 2035

 

The Saigon Times

Vietnam needs to grow at least 7% per year and raises the average income level to US$7,000, or US$18,000 in purchasing-power parity terms, by 2035 to gain the upper-middle-income status. The average income was much higher than US$2,052 or US$5,370 in purchasing-power parity terms in 2014, said a review of the Vietnam 2035 report – jointly prepared by the Vietnamese Government and the World Bank Group (WB).
 
 

Back to top

Quang Ninh international airport to open by 2017​

 

Viet Nam News

The Quang Ninh International Airport will open and welcome its first flight by the end of 2017, authorities in the northern province of Quang Ninh said. A group of Korean investors, including Korea Airports Corporation and POSCO Engineering and Construction, was originally assigned to build the airport under a BOT arrangement. After the group made an exit early last year, real estate conglomerate Sun Group reportedly took over the project.

Back to top

Vingroup sells $134m of corporate bonds​

 

Vietnam Breaking News

Real estate developer Vingroup (VIC) announced that it has sold VND3 trillion (US$133.9 million) of corporate bonds under the guarantee of Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank. It was the first time that CGIF has guaranteed bond issuance by a real estate developer from the ASEAN’s member and is also its largest transaction in Viet Nam to date. With a market capitalization of $3.7 billion as of 31 January 2016, VIC is the largest listed developer and manager of real estate, hospitality and entertainment properties in Viet Nam. It is also working in consumer retail, healthcare, education and agricultural products.

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

 

 
 
 

CBRE | CB RICHARD ELLIS