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CBRE Vietnam’s Top Property News Stories – Week 10/2017

Value of Vietnam's 'bikini airline' Vietjet surpasses national carrier, Coca-Cola to invest additional $285 mln in Vietnam – state media, 30 hectares for square and park in Thu Thiem, Mujosh eyewear to open in Vietnam,…


CBRE Newspaper Updates on Residential Ads       

  • Two new launches:

    • Hiep Thanh Building (District 12)

      • Total units: 512 units
      • Scale: 3 blocks
      • Unit size: 64-95 sm (1 – 3 bedrooms)
      • Price*: from VND 13.9 million/sm
    • Lancaster Lincoln (District 4)

      • Total units: 565 units
      • Scale: two 38-floor blocks
      • Unit size: 54 – 150 sm (1 – 4 bedrooms)
      • Price*: 2.4 billion/unit
  • Advertisements:

    • Centana Thu Thiem (District 2)

      • Total units: 414 units
      • Scale: one 31-floor block
      • Unit size: 43.9 – 97.1 sm (1 – 3 bedrooms)
      • Price*: from VND 800 million per unit
    • The Pegasuite (District 8)

      • Total units: 100 units
      • Scale: one 25-floor building
      • Unit size: 68.8 – 92.6 sm (2 – 3 bedrooms)
      • Price*: from VND 999 million per unit

* Prices included VAT


  • One New Launch

    • An Binh City – A5 Bulding (Bac Tu Liem District)

      • Number of units: 306 units
      • Unit size: 74 – 114 sm (2 – 3 bedrooms)
      • Price*: from VND 28 million/sm (basic furnished)
  • Advertisements

    • Golden Palm (Thanh Xuan District)

      • Number of units: 680 units
      • Unit size: 69 – 108 sm (1 – 3 bedrooms)
      • Price*: from VND 35 million/sm
    • Gelexia Riverside (Hoang Mai District)

      • Number of units: 1,966 units
      • Unit size: 66.8 – 119.6 sm (2- 3 bedrooms)
      • Price*: from VND 18 million/sm (basic furnished)
    • Eco Lake View (Hoang Mai District)

      • Number of units: 1,218 units
      • Total area: 3.86 ha
      • Unit size: 65 – 100 sm (2 – 3 bedrooms)
      • Price*: from VND 22 million/sm (basic furnished)

* Prices included VAT

Note: Selected newspapers include Dau Tu Bat Dong San, Thoi bao kinh te Vietnam, The gioi thong tin bat dong san, CafeF, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, Vnexpress

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Vietnamese PE firm VIGroup leads $2m round in Congnhadat.net
Deal street Asia


The shareholders will get 15 per cent of Congnhadat.net upon closing the deal, valuing the company at over $10 million. Dominic Vu, the founder of Congnhadat.net, claimed the company had already planned a series B fundraise later this year at a $50 million valuation. “A Vietnamese real estate developer and an international media corporation have expressed their interest in us,” he added. Congnhadat.net is working with top developers in Vietnam, including Vingroup, Nam Long and Hung Thinh Corp. The real estate e-commerce platform claims to have 1,000 transactions and aims to boost the number to 15,000 by the year-end.

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Central Group turns focus to e-commerce​
Inside Retail


Thai retail giant Central Group aims to raise the share of its e-commerce sales to 15 per cent over five years, up from the present 1 per cent. About 10 per cent of the 45.53 billion baht (US$1.3 billion) capital investment allocation this year will be devoted to online business. The funds will mainly go toward developing a logistics network and an omni-channel platform, with capital spending on that front to double from next year. The group also has two department stores in Vietnam and is a stakeholder in electronics retailer Nguyen Kim. 

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Mujosh eyewear to open in Vietnam
Inside Retail


Hong Kong-headquartered Mujosh eyewear is about to open its first store in Vietnam. The edgy brand, which made its international debut in Malaysia just last year, will open a store inside Saigon Center in Ho Chi Minh City. The mall houses the Takashimaya department store along with the first Japanese-headquartered Owndays shop in Vietnam, possibly in mid-March. The brand also has stores in Singapore (on Haji Lane), Thailand and Australia. It plans to open 1000 stores globally within five years.

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There will be many 35-39 storey buildings along Thang Long highway


According to detail plan of functional area in the South of Thang Long Highway, approved by Hanoi People’s Committee, low buildings (4-5 storey) will be arranged in a grid network like a garden city. High buildings (35-39 storey) will be located in the East of the area.
The planning area larges 750,296 sm with the 10,000 people in population.


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30 hectares for square and park in Thu Thiem
The Saigon Times


HCMC will use 30 hectares to develop a central square and a riverside park in the Thu Thiem new urban area, according to the detailed 1/500 scale planning for the area approved on Monday. The square will be a place where cultural exchange activities, festivals for tourists and daily activities of local residents will take place, and there will be functional facilities that existing urban area can not supply. Besides, architectural works and green trees will be highlights for the Thu Thiem new urban area.

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HCMC recommendations to build 1,000 billion tunnel in the gateway to the East


To solve traffic jams in An Phu junctions (District 2), HCMC proposed to Department of Transportation to build the tunnels with the total cost of more than VND1,000 billion. According to the Proposals of the People’s committee of HCMC, An Phu intersection will include the tunnel crawl (four lanes) highway connecting HCMC-Long Thanh-Dau Giay with Mai Chi Tho Street in the direction of travel to the Saigon River crossing tunnel and vice versa. Total investment estimated to be VND1,036.7 billion. 

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ACV is asking for more than 31,000 billion on budget to upgrade major airport


Airlines Corporation of Vietnam  (ACV) plans to take 5 years investment, total capital needs are more than 31.6 trillion …
According to AVC, the company has just planned to invest in 2016-2020, with priority given to investment resources for high growth passenger airplanes with potential for business development.
ACV will focus on investing projects to improve the capacity of exploiting the system of roads, equipment system areas at the airports such as Tan Son Nhat, Da Nang, Noi Bai. Expanded aircraft parking at Tan Son Nhat Airport, Da Nang, Noi Bai, Lien Khuong, Buon Me Thuot, Can Tho, Con Dao, Phu Quoc …

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Coca-Cola to invest additional $285 mln in Vietnam – state media


The beverage maker's decision highlights its interest in the Vietnam market and may put pressure on its competitors. With this investment, Coca-Cola's total investment in the country will reach $1 billion.

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Value of Vietnam's 'bikini airline' Vietjet surpasses national carrier
Deal Street Asia


VietJet shares hit 137,400 dong ($6.03) each, valuing it at$1.8 billion, ahead of Vietnam Airlines at $1.7 billion. Growth in the Vietnamese market, which is one of the fastest in Asia Pacific, and a relatively small free-float in VietJet shares for retail investors, had driven the price of the shares, brokers said. VietJet’s stock has a lower price-to-earnings (PE) ratio of 15.75 compared with 16.63 for Vietnam Airlines, Thomson Reuters data showed.

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Investment in Bien Hoa-Vung Tau Highway phase 1 in the form of BOT
The Saigon Times


Phase 1 of the highway Bien Hoa-Vung Tau, the segment from Bien Hoa (Dong Nai) to Tan Thanh (Ba RIA-Vung Tau), will be invested in the form of BOT (build-operate-transfer) with the total investment of VND8,248 billion (not including interest). According to the report of the Transport Design Sub-institute South (abbreviated as TEDI SOUTH) at a meeting with Dong Nai on March 3rd, the project Highway Bien Hoa-Vung Tau of 46.8 km long was split into two phases. In particular, the project phase 1 Bien Hoa-Tan Thanh of 38 km; project phase 2 Tan Thanh-Vung Tau of 8.8 km long. According to the plan, which has been approved by the Ministry of Transportation in 2016, the project Phase 1 will be invested in the form of a BOT with a total investment (not including interests) of VND8,248 billion, of which the land clearance is VND3,198 billion. Currently, the project has completed the end-of-period reports to implement the next steps.

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Thailand's SCG unit takes over Vietnam Construction Materials in ASEAN operation
Deal Street Asia


SCG Cement- Building Materials Company Limited, a subsidiary of Thai major SCG, has fully acquired Vietnam Construction Materials JSC from its existing owners, the company said in a filing.
The 100 per cent equity interest in the Vietnamese integrated cement operator is worth $156 million, while enterprise value of the transaction is $440 million, which includes net debt and additional efficiency improvement investment.

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