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CBRE Vietnam’s Top Property News Stories – Week 14/2017

Real estate sector attracts more FDI, Real estate startups jump in first quarter, Ascott partners with BIM Group to develop condotel,Government to submit compensation plan for Long Thanh Airport…

 

CBRE Newspaper Updates on Residential Ads
  
       

 

  • No new launch
  • Advertisements:

    • Diamond Lotus Lake View (District Tan Phu)

      • Total units: 286
      • Scale: three 22-floor blocks
      • Unit size: 57 – 92 sm (2 – 3 bedrooms)
      • Price*: VND 1.46 billion/unit
    • Richmond City (Binh Thanh District)

      • Total units: 800
      • Scale: three 25-floor blocks
      • Unit size: 65.6 – 86.3 sm (2 bedrooms)
      • Price*: VND 1.6 billion/unit
    • Hado Centrosa – Block Iris 3 (District 10)

      • Total units: 2187
      • Scale: 8 blocks from 4-5 to 26-30 floors
      • Unit size: shophouse: 60.5 – 88.0 sm; condos: 47 – 240 sm (1 – 3 bedrooms and duplex)
      • Price*: from VND 45 million/sm

* Prices included VAT


       

  • One New Launch:

    • T&T Riverview (Hoang Mai District)

      • Total units: 100
      • Unit size: 53.9 – 113.1 sm (1 – 3 bedrooms)
      • Price*: from VND 21 – 23 million/sm
  • Advertisements:

    • Imperial Plaza (Thanh Xuan District) – P2 building

      • Total units: 220
      • Unit size: 63.1 – 96.3 sm (2 bedrooms)
      • Price*: VND 28 – 31 million/sm
    • Imperia Sky Garden (Hai Ba Trung District)

      • Total units: 1866
      • Unit size: 58.7 – 106.6 sm (2 – 3 bedrooms)
      • Price*: VND 30 – 32 million/sm
    • Vinhomes Metropolis (Ba Dinh District) – Double Key

      • Total units: 30
      • Unit size: 200 – 300 sm
      • Price*: from VND 45 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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Real estate startups jump in first quarter 
Vietnam Breaking News

The real estate sector took the lead in the number of startups as well as the growth rate, with 924 firms established in the first quarter this year, up a staggering 55% y-o-y.
After the property sector, new enterprises in the power, water and gas generation and distribution sectors came second in terms of growth rate, with 200 firms, up 32% y-o-y, while the education and training sector took the third position with 640 freshly-established firms, surging 28%.

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Real estate sector attracts more FDI
Vietnam Breaking News

 

The Vietnamese real estate sector attracted a total of US$343.7 million of FDI in the first quarter of this year.
According to the Ministry of Planning and Investment, the figure accounted for 4.4% of the country’s total FDI capital in the first three-month period and represented an increase of 34.4% against US$239.8 million of the same period of last year.
 

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4 limits of real estate market and 5 important suggestions to the Government
CafeF

At the meeting held in Binh Dinh Province, VNREA has assessed limits of real estate market and suggested 5 recommendations. The first limit is the arbitrary development of projects without taking demand into account. Second is unbalanced supply-demand, an overwhelming focus in high-end segment. Third is affordable houses have signs of slowing down. Fourth is the information system supporting this market is still undeveloped, market forecast is inaccurate.

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Regulation on land use levies and water surface rents in economic zones
Vietnamplus

 

Decree No.135/2016/NĐ-CP regulating the collection of land use fees, collection of land rents and water surface rents in economic zones and Hi-tech parks are newly promulgated by the Government. In cases where the State leases land for annual payments not in the form of auctions, according to the provisions of law, the annual land rents would be determined by the percentage (%) multiplied by the specific land price, in which, the percentage is between 0.5-3%. The decree is effective from 20/6/2017.

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Ascott partners with BIM Group to develop condotel
Bizhub

The Ascott Limited, among the world’s largest international serviced residence owner-operators, has partnered with BIM Group to develop the first world-class condotel project in Quang Ninh Province under the brand Citadines. Citadines Marina Halong, consisting of condotels and luxury apartments, will make its debut this month.

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Budget hotels sprout up in Vietnam as business travel booms

Nikkei Asian Review

Budget hotel chains are expanding in Vietnam as brisk economic growth pulls in smaller foreign companies, and with them business travelers in need of an economical place to stay. Vietnam welcomed some 10 million foreign visitors in 2016 amid a surge in business travel from Japan, China and South Korea. Demand is on the rise for foreigner-friendly facilities that keep costs low by running operations more efficiently and eschewing resort offerings and event halls.

 

 

 

 

 

 

 

 

 

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This US$5,300 bridge is going to be built, thousands of Saigoneses must be very happy
CafeF

 

HCMC People’s Committee has officially approved of the proposal from Can Gio Urban & Tourism Corporation – Trung Nam Investment & Construction joint venture about Can Gio bridge project to create economic and social stimulus. Can Gio Bridge project will be conducted according to Plan 4 (beginning from 15B Road and ending at Rung Sac Road).

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Government to submit compensation plan for Long Thanh Airport
NDH

For the project of Long Thanh airport, the Government has agreed to propose plan to the National Assembly to separate the site clearance Long Thanh airport project into a separate subproject to ensure the progress of the project. Long Thanh International Airport project is an important one which has large scale of land acquisition, affecting the living and socio-economic life of the community. Therefore, the study on the application of specific land acquisition mechanisms, compensation and resettlement for the project is very necessary to preserve the rights of landowners to and at the same time accelerate the progress of land clearance.

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CAAV considers applying floor price for domestic airfares
Bizhub

The transport ministry has instructed the Civil Aviation Authority of Vietnam (CAAV) to study the proposal for applying a floor price for domestic air tickets. The CAAV will study and gain aviation management experience from other countries so as to create conditions locally that encourage people to fly, by offering reasonable prices while ensuring that airlines do not suffer losses. Several airlines, including Jetstar Pacific (JPA), have agreed with the draft decision. JPA also proposed that the decision should incorporate floor price, while low-cost airline Vietjet (VJ) did not want a floor price as it said that would reduce market competitiveness.
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Reinstall order at condominiums in HCMC 
Vietnamplus

Although, by the end of 2016, the city's Department of Planning and Investment issued a notice saying that businesses were not allowed to trade in apartments and had to register a change of address from one apartment to another non-apartment venue. Up to now, only 430 enterprises, branches, representative offices and business locations have registered to move their headquarters from the apartment building. 
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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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