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CBRE Vietnam’s Top Property News Stories – Week 13/2017

Hanoi is about to build the high way at Truong Chinh street, VIGroup drops plan to invest in Vietnam’s online realty platform Congnhadat.net , Vietnam to name 23 new caves in Ha Long Bay world heritage site, Japanese firm to build big hotel in Hai Phong…

 

CBRE Newspaper Updates on Residential Ads    
  • One new launch

    • Hado Centrosa-Block Iris 4 (District 10)

      • Total units: 2187 units
      • Scale: 8 blocks from 4-5 to 26-30 floors
      • Unit size:  47 – 240 sm (1 – 3 bedrooms and duplex)
      • Price*: from VND 45 million/sm
  • Advertisements:

    • Jamona Heights (District 7)

      • Total units: 286 units
      • Scale: two 17-floor blocks
      • Unit size: 52 – 96 sm (2 – 3 bedrooms)
      • Price*: VND 1.6 billion/unit
    • Moonlight Boulevard (Binh Tan District)

      • Total units: 656 units
      • Scale: one 20-floor block
      • Unit size: 51.41 – 96.16 sm (2 – 3 bedrooms)
      • Price*: from VND 900 million/unit
    • Richmond City (Binh Thanh District)

      • Total units: 800 units
      • Scale: three 25-floor blocks
      • Unit size: 65.6 – 86.28 sm (2 bedrooms)
      • Price*: VND 1.6 billion/unit

* Prices included VAT       ​

  • Four Re-Launch:
    Anland Complex (Ha Dong District)

    • Price*: from VND 25 million/sm
    • Unit size: 60 – 101 sm (2 – 3 bedrooms)
    • Number of units: 533 units
    • Xuan Mai Complex – K & L Building (Ha Dong District)

      • Number of units: 696 units
      • Unit size: 50 – 85 sm (2 – 3 bedrooms)
      • Price*: from VND16.5 million/sm
    • Xuan Mai Riverside (Ha Dong District)

      • Number of units: 250 units
      • Unit size: 45 – 91 sm (1 – 3 bedrooms)
      • Price*: from VND21 million/sm
    • Vinhomes Green Bay – G1 & G2 Building (Nam Tu Liem District)

      • Number of units: 704 & 720 units
      • Unit size: 42 – 115 sm (1 – 4 bedrooms)
      • Price*: from VND 38.5 million/sm

* 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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More than US$ 100 trillion from Vingroup, Dat Xanh, VinaCapital into Hoi An will transform it into a paradise for relaxation
CafeF

Hoi An’s real estate is arising strongly while the number of tourists continues to increase and trillions of USD are being pumped to develop international-scale resort projects. For example, Nam Hoi An resort complex (with VinaCapital and other foreign partners as developers) is expected to kick in in a coastal area of economic difficulty to transform it into a regional resort and entertainment complex in the future. In northern Hoi An, another billion project-with HB Group as the developer- is being completed to operate Phase I.

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Japanese firm to build big hotel in Hai Phong
Vietnam Breaking News

 

 

Japan-based Daiwa House Industry Co Ltd has announced that it will spend some 72.4 million USD to build a big hotel in the northern port city of Hai Phong.
The hotel is aimed at attracting Japanese business travelers, according to Nikkei.
Slated to open in 2020, the 21-storey hotel will have 451 guest rooms. Of these, 182 will be managed as extended-stay room, with management of the remaining 269 rooms will be outsourced to Okura Nikko Hotel Management.
Hai Phong is Vietnam’s third-largest city after HCM City and Hanoi. The hotel will be some 10 minutes by car from the city centre in an area near large industrial parks, making for an easy commute. Luxury residences and a hospital are being built nearby.

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Which streets in Hanoi have expensive land prices such as Paris, Tokyo?
CafeF

 

 

The price of residential land in Hanoi for the period 2015-2019 is based on the Decision No. 96/2014 of the Hanoi People's Committee. Accordingly, the central districts such as Hoan Kiem, Ba Dinh, Dong Da, Hai Ba Trung have the highest residential land prices. Many streets have residential land prices over 100 million per sqm.
Hoan Kiem District has more than 50 streets with land prices in excess of VND100 million. The three lines reached the "champion" listed land price with a specific level of 162 million per sqm including Hang Dao, Hang Ngang, Le Thai To. The segment of 100-120 million per sqm has about 50 streets in Hoan Kiem.
Most of the places where such "golden land" is the route along the banks of Hoan Kiem Lake such as Dinh Tien Hoang, Hang Gai, Hang Duong (120 million per sqm), Hang Bong, Hang Ma, Hoan Kiem, Trang Tien (116 Million per sqm).

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Vietnam to name 23 new caves in Ha Long Bay world heritage site
Global Times

 

 

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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Vietnam convenience store growth to lead Asia
Inside Retail Asia

 

 

Vietnam will be the fastest-growing convenience market in Asia by 2021, predicts international grocery research organisation IGD. According to the researcher, Asia’s grocery market will be the largest in the world with predicted 6.3 per cent of compound annual growth rate, up to US$4.8 trillion by 2021. Of that, the convenience store sector will see double-digit compound annual growth in the next four years.

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Kong, FLC, Vingroup to change Quang Binh’s Look
Vietnam Breaking News

Quang Binh, the land in Vietnam’s central region, is expected to have a new life as it has become the homeland of Kong and the area where many big real estate groups have landed.
Quang Binh has many other mid-end real estate resort projects, including the 6.3 hectare 3-star Bao Ninh Beach Resort in Dong Hoi City, built in 2012, Sunrise Quang Binh, Riverside Quang Binh and Sai Gon Quang Binh.
However, Quang Binh is expecting huge projects to be developed by the ‘big guys’ such as FLC, Muong Thanh and Vingroup.
FLC kicked off a super project on resort, villas and high-end entertainment facilities in Hai Ninh and Hong Thuy communes in April 2016, the largest infrastructure tourism project in the northern and central regions of Vietnam.

 

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VIGroup drops plan to invest in Vietnam’s online realty platform Congnhadat.net
Deal Street Asia

 

 

Private equity firm Vietnam Investment Group has dropped its plans of investing in local online real estate platform Congnhadata.net. Elaborating on the modification in the funding round, a senior investment officer of Vietnam Investment Group (VIGroup), requesting anonymity, has confirmed to DEALSTREETASIA that he invested in Congnhadat.net in his personal capacity and that the group is not investing in the realty platform.
 

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HCMC to release ‘ultimatum’ to remove business operations from apartments
CafeF

 

HCMC Department of Construction has submitted documents to HCMC’s People Committee to address the problem of hiring condos to conduct business operations. According to its recommendations, the above-mentioned companies will be granted 6 months to organize their relocation. Companies which do not will be removed of their business licenses.

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Hanoi is about to build the high way at Truong Chinh street
CafeF

On 28 March, the office of Hanoi People's Committee issued the Notice of Conclusion of Vice Chairman Nguyen The Hung, at the meeting on the design of the two sides of the ring road 2 (Truong Chinh Street) in Thanh Xuan District and Dong Da District.

 

Cat Linh-Ha Dong Railway will be operated in the first quarter of 2018
CafeF

The Cat Linh-Ha Dong Railway project, invested by the Ministry of Transport, has an initial investment of $ 552 million; of which, Chinese loans amounted to $ 419 million, counterpart funds from the Vietnamese government were $ 133 million. Total investment after adjustment is 886 million, increased to $ 250 million.
After several extensions of progress, the Government has "locked in" with the Ministry of Transport in the first quarter of 2018, the Cat Linh-Ha Dong urban railway has to be put into commercial exploitation.
However, the current problem of this project is that the additional loan of $ 250 million (due to the capital) has not been "nodded" by China Export Import Bank (China Eximbank) to disburse to contractors.

 

 

 

 

 

 

 

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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