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CBRE Vietnam’s Top Property News Stories – Week 12/2017

Vietnam: Singapore’s Keppel Land ups stake in Saigon Centre for $37.1m, Sembcorp studying feasibility of building 8th Vietnam-Singapore Industrial Park, Zara to go online in Thailand Vietnam and India, HCMC to prevent developers using already-bought apartments as bank collateral, …

 

CBRE Newspaper Updates on Residential Ads
     
  • No new launches:
  • Advertisements:

    • Kingsway (Binh Tan District)

      • Total units: 496 units
      • Scale: three 20-floor blocks
      • Unit size: 52 – 71 sm (1 – 3 bedrooms)
      • Price*: from VND 868 million/unit
    • Moonlight Boulevard (Binh Tan District)

      • Total units: 656 units
      • Scale: one 20-floor block
      • Unit size: 51 – 96 sm (2 – 3 bedrooms)
      • Price*: VND 900 million/unit
    • Hoang Anh River View (District 2)

      • Total units: 576 units
      • Scale: three 25-floor blocks
      • Unit size: 138 – 177 sm (3 – 4 bedrooms)
      • Price*: VND 24 million/sm

* Prices included VAT       

  • Two New Launch

    • Hanoi Paragon  (Cau Giay district)

      • Number of units: 165 units (Happy tower)
      • Unit size: 88.8 – 140.5 sm (2 – 3 BRs)
      • Price*: from VND30.5 millions/sm 
    • D'.Capitale – C7 Building (Cau Giay district)

      • Number of units: 432 units 
      • Unit size: 71 – 122 sm (2 – 3 BRs)
      • Price*: from VND53 millions/sm
  • Advertisements:

    • Sunshine Palace (Hoang Mai District)

      • Number of units: 396 units
      • Unit size: 82.9 – 123.7 sm (2- 3 BRs)
      • The Zen Residence (Hoang Mai District)
      • Number of units: 972 units
      • Unit size: 53 – 221 sm (1 – 4 BRs)

* 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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PM Lee opens Mapletree Business Centre in Ho Chi Minh City
The Business Times

SINGAPORE Prime Minister Lee Hsien Loong officially opened the Mapletree Business Centre in Ho Chi Minh City on Wednesday morning. This 17-storey premium office tower is Mapletree's first office development in Vietnam, and marks the completion of the second phase of the 4.4-hectare Saigon South Place Complex in Ho Chi Minh City's affluent District 7

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Vietnam: Singapore’s Keppel Land ups stake in Saigon Centre for $37.1m
Deal Street Asia

 

 

intro2
Singapore-based developer Keppel Land has increased its ownership in Keppel Land WATCO I to V, by purchasing another 16 per cent equity from the Vietnamese JV partner, Southern Waterborne Transport Corporation. Keppel Land WATCO are a series of joint venture companies that are involved in development of Ho Chi Minh City-based complex Saigon Centre, Keppel Land facilitated the transaction with VND845.9 billion ($37.1 million), it said in a March 19 announcement.

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Sembcorp studying feasibility of building 8th Vietnam-Singapore Industrial Park
The Business Times

 

 

kelvinteo.jpg SEMBCORP Development is exploring the possibility of building another Vietnam-Singapore Industrial Park in Vietnam's Quang Tri province. If it does eventually materialise, this would be Sembcorp's eighth such industrial park in Vietnam. On Thursday in Hanoi, Sembcorp Development  CEO Kelvin Teo inked a memorandum of understanding with Quang Tri Province People's Committee chairman Nguyen Duc Chinh and Becamex IDC chairman Nguyen Van Hung.

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Bloomberg reported that FLC became the developer of the first 2 billion USD casino project in Quang Ninh, Vietnam
CafeF

 

 

 

Bloomberg đưa tin FLC trở thành chủ đầu tư dự án 2 tỷ USD có casino đầu tiên cho phép người Việt chơi tại Quảng Ninh This resort project has 5 star hotel, conference center, golf course, casino in Van Don Specially Economic Zone, Quang Ninh.
After Vietnam officially opened its casino operations, co-founder of FLC Group Trinh Van Quyet joined a group of local and foreign investors who decided to pour money into this sector.
 
 

 

 

 

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In Asia’s Infrastructure Race, Vietnam Is Among the Leaders
Bloomberg

 

 

 

It may be one of the smallest economies in Asia, but Vietnam is among those leading the infrastructure race.Vietnam's public and private sector infrastructure investment averaged 5.7 percent of gross domestic product in recent years, the highest in Southeast Asia and compares with 6.8 percent in China, according to the Asian Development Bank. Indonesia and the Philippines spend less than 3 percent, while Malaysia and Thailand spend even less at under 2 percent.

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Zara to go online in Thailand, Vietnam and India
Retail in Asia

 

 

 

Zara online Thailand, India, Vietnam - Retail in Asia Zara, Spain’s most popular fashion chain, will initiate online sales in Thailand later this month. After Singapore and Malaysia that were granted the option to shop online earlier this month, the service will extend to Thailand and Vietnam in the next few weeks. A pop-up note on Zara’s mobile application informed Thai customers of the upcoming online sales.
 

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Dynamic M&A deals going on, many projects have changed in ownership
NDH

 

 

 

Nhộn nhịp thâu tóm, nhiều dự án bất động sản đổi chủ Hoa Binh Construction & Real Estate Corporation has won a contract worth VND2.066 trillion (US$91.8 million) to design and build a golf and garden villa complex in Vinh Phuc Province. The project, Times Garden Vinh Yen, covers an area of 27ha, comprising 558 garden villas, three 18-floor building blocks, trade centre, park and entertainment facilities. The owner of the project is the Urban Development and Construction Joint Stock Company.
 

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HCMC to prevent developers using already-bought apartments as bank collateral
CafeF

 

 

 

TP.HCM ngăn chặn tình trạng chủ đầu tư dùng căn hộ đã bán để thế chấp ngân hàng HCMC’s People Committees have agreed that HCMC’s Department of Justice prevent developers using transacted apartments as bank collaterals. In the event that the developer does not withdraw collateral assets before selling collateralized apartments to organizations and individuals, Department of Resources and Environment will require developers to submit documents to the financial institution that accepts these collaterized assets.

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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

 

 

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