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CBRE Vietnam’s Top Property News Stories – Week 21/2017

Foreign large investors appeared, making Saigon One Tower project start again after 6 years “hibernating”,  Prime Minister: No “spliting” land plots to exchange in the coast of Phu Quoc, …

 

CBRE Newspaper Updates on Residential Ads

 

 

     

  • One new launch:

    • Jamila (District 9)

      • Total units: 867 
      • Scale: four 23-floor blocks
      • Unit size: 45 – 260 sm (1 – 3 bedrooms and duplex)
      • Price*: from VND 22.5 million/m2
  • Advertisements:

    • Centana Thu Thiem (District 2)

      • Total units: 423 
      • Scale: one 15-floor block, one 31-floor block
      • Unit size: 58 – 135 sm (2 – 3 bedrooms)
      • Price*: VND 30 million/unit
    • Heaven Riverview (District 8)

      • Total units: 960 
      • Scale: two 17-floor blocks (each 480 units)
      • Unit size: 50 – 69 sqm (1-2 bedrooms)
      • Price*: from VND 700 million/unit
    • Xi Grand Court (District 10)

      • Total units: 740 (540 condos, 200 office-tels) 
      • Scale:  three 29-floor blocks, one 25-floor block
      • Unit size: 39.1 – 70.0  – 113.2 sm (1 – 3 bedrooms)
      • Price*: from VND 3 billion/unit​

* Prices included VAT

 

       

  • New launch:

    • Viet Duc Complex (Ha Dong district)

      • Scale: 4 buildings (two 23-storey blocks and two 27-storey blocks)
      • Number of units: 704
      • Unit size: 72 – 137 sm (2 – 4 bedrooms)
      • Price*: from VND 26 million/sm
  • Advertisements:

    • Anland Complex (Ha Dong district)

      • Number of units: 533
      • Unit size: 54 – 91 sm (2 – 3 bedrooms)
      • Price*: from VND 25 million/sm
    • Tay Ho Riverview (Tay Ho district)

      • Scale: one 21-storey block
      • Number of units: 224
      • Unit size: 55 – 99 sm (2 – 3 bedrooms)
      • Price*: from VND 25 million/sm
    • Northern Diamond (Long Bien district)

      • Number of units: 196
      • Unit size: 94 – 107 sm (2 – 3 bedrooms)
      • Price*: from VND 27 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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Foreign large investors appeared, making Saigon One Tower project start again after 6 years “hibernating”
CafeF

The Saigon M & C Tower (or Saigon One Tower), 41 storeys high and 5 basements in the center of District 1, is considered as the third tallest building in Ho Chi Minh City under construction. Currrently, it is transferred onto a new owner and is expected to start again. This project will kick off the rebuilding, and is expected to be completed in 2018 with the highlight of Vietnam's largest outdoor bar

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VinaCapital exits Times Square, LienVietPostBank acquires Sacomreal 
Deal Street Asia

 

 

New market developments in the Vietnam real estate industry have seen VinaCapital exit the Hanoi-based mixed-use project, called Times Square, selling to Elite Capital Resources Limited. Meanwhile, banking institution LienVietPostBank ha    s decided to purchase bonds of Sacomreal for VND500 billion.

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Vietnam plans to open 'outstanding' special economic zones
Reuters

 

Vietnam plans to open three special economic zones that offer investors greater incentives and fewer restrictions than available to date in the country, the investment minister said. Foreign direct investment, largely in manufacturing, has been key to Vietnam's growth. It hit a record of $15.8 billion last year and has risen 6 percent in the first five months of 2017 from a year earlier.

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Wealthy outsiders rushing into real estate again
CafeF

 

 

In the last 2 years, property market welcomed positive information such as FDI into real estate reached USD 300 billion, thrilling M&A deals…Many outsider businesses continue to engage in. The expansion of investment by businesses outside the industry is a good sign for the real estate market. New elements with a new vision and direction promised to bring the market into a new development stage, partly meeting the demand for accommodation, the demand for relaxation of the people in the country and foreign visitors.

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While investors hope for policy, land plots are getting cooled down
CafeF

After the unfavorable information about the imaginary bubble, this time is when investors "hold on” and wait for the next move of the market. Significant fluctuations will occur over the next few weeks. As soon as the People's Committee of HCM City officially denied the information to upgrade some “suburban” districts to “urban” districts as well as information about megaprojects, land trade in the outskirts shows signs of cooling.

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Prime Minister: No “spliting” land plots to exchange in the coast of Phu Quoc
CafeF

 

 

Prime Minister Nguyen Xuan Phuc has expressed opinion about Phu Quoc’s planning and construction. He asked Kien Giang Province to build Phu Quoc into a unique, international-level tourism and recreation center to attract strategic investors with long-term vision., able to compete effectively with  tourism – relaxation – entertainment centers around the world.

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Da Nang to build Lien Chieu Port to relieve Tien Sa Port
NDH

 

 

Ministry of Transport and Da Nang City agreed to construct Lien Chieu Port to relieve Tien Sa Port and Tho Quang wharf. The construction of Lien Chieu will have many advantages as some important infrastructure projects such as Hai Van Tunnel are deploying the second tunnel in the future to increase the capacity of transport through the tunnel; Da Nang – Quang Ngai expressway will be put into operation in 2018, creating favorable conditions for enterprises in industrial zones in Da Nang, Quang Nam and Quang Ngai to transport goods.

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Speeding up the Rach Chiec National Sports Complex to prepare for Seagame 31
NDH

 

 


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HCM City Vice Chairman Nguyen Thi Thu just chaired the meeting on the implementation of projects at the Rach Chiec National Sports Complex and heard reports on the implementation situation and difficult problems concerning the project. At the meeting, Vice Chairman Nguyen Thi Thu concluded and directed to speed up the implementation of projects to serve Seagames 31; approved of the implementation of compensation for land clearance and land recovery.

 

HCMC plans to expand Le Van Luong Road
Nhip Cau Dau Tu

 

 

HCMC will expand Le Van Luong road more than 10km long, with the first point of District 4, passing through District 7, Nha Be to the end of Can Giuoc (Long An). The expansion of Le Van Luong Street was known publicly in late 2016, after the HCM City People's Committee assigned Tan Thuan Industrial Development Company Limited (IPC) to be the developer of the North-South axis road project, from Ong Lanh Bridge in District 4 to Hiep Phuoc Industrial Zone, Nha Be District.

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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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