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CBRE Vietnam’s Top Property News Stories – Week 2/2017

Wealthy family of Truong My Lan continues to accquire 'golden land', "Acquired by a Korean giant, the largest shopping mall in Hanoi hoping to reborn", Nha Rong – Khanh Hoi Port is about to be constructed…

 

CBRE Newspaper Updates on Residential Ads

 

       

  • No new launch
  • Advertisements:

    • Centana Thu Thiem (District 2)

      • Total units: 610 units
      • Scale: 2 blocks
      • Unit size: 43.9 – 97.1 sm (1 – 2 bedrooms)
      • Price*: from VND 1.93 billion per unit

    • Golden Land (District 7)

      • Total units: 885 units
      • Scale: 2 blocks
      • Unit size: 70 – 185 sm (2 – 3 bedrooms)
      • Price*: from VND 980 million per unit

    • Saigon Mia (Binh Chanh District)

      • Total units: 872 units
      • Land area: 15,126 sm
      • Scale: 3 blocks
      • Unit size: 49.83 – 82.58 sm (1 – 3 bedrooms)
      • Price*: from VND 986 million per unit

* Prices included VAT

       

  • Two new launches:

    • Vinhomes Skylake – S1 Building (Nam Tu Liem District)

      • Total units: 396 units (S1 Building)
      • Unit size: 51 – 170.2 sm (1 – 4 bedrooms)
      • Price*: from VND 44 million per sm (fully-furnished)

    • One 18 (Long Bien District)

      • Total units: 220 units
      • Unit size: 85.5 – 120 sm (2 – 3 bedrooms)
      • Price*: from VND 26 million per sqm (basic-furnished)

  • Advertisements:

    • FLC Star Tower (Ha Dong District)

      • Total units: 455 units
      • Unit size: 58 – 105 sm (2 – 3 bedrooms)
      • Price*: from VND 17.3 – 21 million per sm (basic-furnished)

    • Ecohome Phuc Loi (Long Bien District)

      • Total units: 680 units
      • Unit size: 69 – 107.9 sm (1 – 3 bedrooms)
      • Price*: from VND 16.6 million per 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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Nha Rong – Khanh Hoi Port is about to be constructed
REIC

 

HCMC People’s Committee has passed Decision No.6815/QD-UBND, which allows Pearl in the Far East Investment Company to conduct Nha Rong – Khanh Hoi complex. This project is located in Nha Rong – Khanh Hoi Port, Ward 12, Ward 13 and Ward 8, District 4.

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Wealthy family of Truong My Lan continues to accquire 'golden land'
CafeF

 

The subsidiaries of Van Thinh Phat Group often have cross-ownership. Therefore, Van Thinh Phat Group of Ms. Truong My Lan has kept a low profile. The Group has for a long time created many shocks by acquiring golden land in central District 1 like the buying of Vincom A. The golden quadrilateral Nguyen Hue – Ho Tung Mau – Huynh Thuc Khang – Ngo Duc Ke (District 1) will be open for bidding by joint-venture of Larkhall Holding and Van Thinh Phat Investment Group.
 

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Vietnam's top airport begins work to double capacity
Nikkei Asian Review

 

Tan Son Nhat International Airport is adding a runway, two terminals and extra aircraft aprons in an upgrade designed to let Vietnam's busiest hub handle 40 million to 50 million passengers annually.The government gave the green light for the expansion after the Defense Ministry agreed to clear some of its operations out of the airport, as well as from Noi Bai and Danang international airports, according to the Civil Aviation Authority of Vietnam.

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VN Airports Corporation to sign strategic agreement with French airport
Vietnam Breaking News

 

Airports Corporation of Viet Nam will be the country’s second aviation firm to have a strategic partner. In a draft resolution prepared for its first shareholders’ meeting in HCM City last year, ACV said the initial price of the shares was expected to be VND13,100 (57 US cents) each. With this share volume and price, Aéroports de Paris (ADP) will hold some 7.4 per cent of ACV’s total equity of VND22.4 trillion. If the agreement is successful, the French company will be restricted in transferring its shares for at least 10 years.
 
 

 

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Acquired by a Korean giant, the largest shopping mall in Hanoi hoping to reborn
CafeF

 

 

The project of building the biggest Hanoi shopping mall – Ciputra Mall is likely to restart in the 2nd quarter with the US$300 million investment from Lotte corporate. This news was officially released by Mr. Jong Kook Lee, External Relations Director of Lotte Vietnam, following an undisclosed deal with Nam Thang Long Company. The area scale of this project goes up to 7.3 ha with 200.000 sm in use for shopping mall. Retail shops, restaurants, coffee houses, super markets, movie theater, games zones are planned to be integrated in this complex as well. Ciputar complex was first started in 2010, but fail to completion due to the recession of real estate market. 

 

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Housing stimulus package interest rate remains at 5%
Vietnam Investment Review

 

The State Bank of Viet Nam (SBV) will keep the interest rate of the VND30 trillion (US$1.32 billion) preferential credit package for low-income homebuyers at 5 per cent in 2017. Loans to home buyers under the package which was disbursed before December 31, 2016 will enjoy a 5 per cent interest rate. Those who have signed credit contracts for the package but have their disbursements made after December 31, 2016 will be applied commercial interest rates according to their agreement with banks. The package’s disbursement was terminated at the end of last year. By the end of 2016, the disbursement was estimated at some VND30 trillion. On November 30, 2016, the package’s disbursement was more than VND29.2 trillion and total outstanding loans were more than VND24.2 trillion.

ted protective forest.

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Hai Phong starts work on key bridge
Nhan Dan Online

 

The northern port city of Hai Phong started construction of Hoang Van Thu Bridge across Cam River on January 6, a key project to help the city expand to the north which is in line with the city’s master plan to 2025 with a vision to 2050 approved by the Prime Minister. The VND 2.5 trillion (US$115.2 million) bridge will connect the old inner city area with the future administrative area of Hai Phong on the other side of Cam River. Length: more than 1,570m with 33.5m width and four lanes for motorized vehicles, two lanes for other vehicles and a pedestrian path. It is scheduled to be completed in the first quarter of 2019.

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The 5 Engines That Guarantee Vietnam More Fast Economic Growth This Year
Forbes

 

Vietnam weathered an epic drought in 2016 and the World Bank estimates a third of its 93 million people still live in poverty. The Southeast Asian country with a $200 billion-plus GDP and the welcome reputation as a cheaper manufacturing base than China will keep drawing investment, expanding export production and watching domestic consumption spread, according to forecasts. Vietnam’s economy that’s been on that track since the late 1980s probably grew around 6.3% last year and the government expects 6.8% in 2017. Why the country will at least come close to that target despite poverty, drought and corruption come down to these five points.

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Vietnam's retail sales jump 10 percent in 2016
Vietnam Breaking News

 

Vietnam’s retail sales of goods and services rose to 10.2 percent to around 156.7 billion USD in 2016, data from the General Statistics Office (GSO) has revealed.
The retail sales of accommodation, restaurant and catering services reached approximately 18.4 billion USD, which accounts for 12 percent of the total revenue, posting an 11 percent y-o-y rise. Last year, revenue from tourism services also saw a rise of 12 percent to 1.51 billion USD, with some regions recording strong growth. The sales of other services in 2016 reached an estimated 18 billion USD, making up 11.4 percent of total revenue and surging 9.3 percent compared to a year ago.

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Vietnam's Biggest Fund Sees Stock Benchmark Rising 17% in 2017
Bloomberg

 

Vietnam’s stock benchmark will rise as much as 17 percent this year as an expanding economy and the sale of stakes in state-owned businesses lure investors, the nation’s largest fund manager said. That would follow a 15 percent climb in 2016. “The macro situation looks very favorable,” said Alan Pham, Ho Chi Minh City-based chief economist of VinaCapital Group, which manages about $2 billion in assets. He expects Vietnam’s economy to expand 6.5 percent in 2017, up from 6.2 percent last year.

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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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