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CBRE Vietnam’s Top Property News Stories – Week 24/2017

First BRT line in HCMC ready in 2019. Da Nang about to have Thuan Phuoc Urban area project with 100 ha in scale, Hong Kong giant wants to invest in the US$ 2 billion Happy Land megaproject, Why behind Vietnamese private airlines are leading groups in tourism and hospitality?…

 

CBRE Newspaper Updates on Residential Ads

 

   

 

  • No new launches:
  • Advertisements:

    • Heaven Riverview (District 8)

      • Total units: 960 
      • Scale: two 17-floor blocks (each 480 units)
      • Unit size: 50 – 69 sm (1-2 bedrooms)
      • Price*: VND 800 million/unit
    • Saigon Mia (Binh Chanh District)

      • Total units: 872 (condos)
      • Scale: two 22-floor blocks and one 27-floor block
      • Unit size: 50 – 83 sm (2 – 3 bedrooms)
      • Price*: VND 990 million/unit
    • 8X Rainbow

      • Total units: 408 
      • Scale: one 18-floor block
      • Unit size: 64 – 92 sm (2 – 3 bedrooms)
      • Price*: VND 13.9 million/sm

* Prices included VAT

 

       

  • New launch:

    • Goldsilk Complex (Ha Dong District)

       

      • Total units: 750
      • Scale: Two 32-floor blocks and terrace area
      • Unit size: 68 – 128 sm (2 – 4 bedrooms)
      • Price*: VND 1.4 billion/unit
    • Booyong Vina Mo Lao (Ha Dong District)

      • Total units: 5000
      • Scale: six 30-floor block
      • Unit size: 73.3 – 107.3 sm (2 – 3 bedrooms)
      • Price*: VND 2.2 billion/unit
  • Advertisements:

    • Vinhomes Skylake (Nam Tu Liem District)

      • Total units: 5000
      • Scale: 37-floor block and two 42-floor blocks 
      • Unit size: 45 – 155 sm (1 – 4 bedrooms)
      • Price*: VND 2.1 billion/unit
    • Artemis (Nam Tu Liem District)

      • Total units: 365
      • Scale: 18-floor block
      • Unit size: 78 – 100 sm (2 – 3 bedrooms)
      • Price*: VND 3.4 billion/unit

* 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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Queue waits for 7-Eleven Vietnam to open doors
Inside Retail Asia

A long queue waited outside the first 7-Eleven Vietnam convenience store before it opened for trading at 6am today in Ho Chi Minh City. As well as 2000 products typical of the international brand, the 1800 sqft ground-floor store at Saigon Trade Center has a range of items special to Vietnam.

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Hong Kong giant wants to invest in the US$ 2 billion Happy Land megaproject
CafeF

 

According to information from People's Committee of Long An Province, Chairman of the provincial People's Committee Tran Van Can and leaders of provincial departments had a meeting with investors from the Hong Kong Group – Summerfield Company Limited introduced by the Construction Investment and Infrastructure Development Phu An Corporation will invest in the Khang Thong Entertainment Complex Project in Ben Luc District.

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Citizens have increased loans for real estate
VnEconomy

 

In late 2016, the National Financial Supervisory Commission noted that consumer credit in 2016 was estimated to increase by 39% from the end of 2015, representing 11.4% of total credit (9.8% in 2015) . Nearly 50% of consumer credit focused on loans for home repairs, home purchases, and was to be paid by borrowers' salaries.

"Strong consumer credit, with nearly 50% focused on the real estate sector, shows that real estate credit has shifted and needs to be monitored," the Financial Supervisory Commission National recognition at the end of 2016.
 

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Why behind Vietnamese private airlines are leading groups in tourism and hospitality?
CafeF

 

Sovico Holdings has Vietjet Air, Thien Minh Group has seaplane of Hai Au and the next is Air Asia, FLC plans with airline named Bamboo Airways. All are active in the field of tourism and real estate resort. 

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Da Nang about to have Thuan Phuoc Urban area project with 100 ha in scale
CafeF

Danang People's Committee has approved of the detailed construction planning Ratio 1/ 500  of Thuan Phuoc New Urban Area – Da Nang invested by Thuan Phuoc City Investment Joint Stock Company. Accordingly, the name of the project will be adjusted from "Urban Commercial and Service Center of Northern Man Quang Gulf" to "Thuan Phuoc – Da Nang New Urban Area". Thuan Phuoc – Da Nang new urban area is located in Nai Hien Dong ward, Son Tra district with total planned area of 976.475m2; The population size is about 19,530 people (unit area of 50m2 / person).

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Big thermal power plant to be built in Ba Ria-Vung Tau
CafeF

The General Electric Corporation 3 under the Electricity of Vietnam (EVN) Group plans to invest in building Long Son thermal power plant with a total capital of US$ 4.39 billion in southern Ba Ria–Vung Tau province. The plant is designed to reduce the power shortage and improve the power supply in the southern region in the period between 2020 and 2030, and the following years.

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First BRT line in HCMC ready in 2019
The Saigon Times

The first bus rapid transit (BRT) line of HCMC running along Vo Van Kiet and Mai Chi Tho avenues will begin construction next year and be up and running in late 2019, according to the HCMC Department of Transport. The municipal government is undertaking a slew of major traffic infrastructure projects like metro and BRT lines, said department director Bui Xuan Cuong at a meeting on BRT development on June 14.

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Sand undersupply may cripple many road projects in south
The Saigon Times

As sand is becoming scarcer and its price is spiraling up, contractors of many road projects in the nation’s south have found themselves mired in difficulties which may result in delays. Nguyen Ngoc Son, acting director of the project management unit for Package A1 of the Ben Luc-Long Thanh Expressway project, said the project is facing a shortage of some 100,000 cubic meters of sand.

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Hanoi has two large industrial clusters
CafeF


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Ha Noi People's Committee issued the decision to establish Quat Dong 2 industrial complex, Thuong Tin district and Thanh Oai industrial cluster in Thanh Oai district.
Accordingly, Quat Dong 2 Industrial Complex (extension) located in Quat Dong Commune, Nguyen Trai Commune, Thuong Tin District has a scale of 43.46 ha. The nature and functions of industrial clusters include the development of garment industry for export, leather and footwear, weaving, processing of agricultural products, consumer goods, building materials; Hi-tech industry, informatics, telecommunication …

 

Planning to spend nearly 7.8 trillion dong, Hanoi is about to build "the most expensive road on the planet" 2.2 km long
CafeF

Hanoi is kicking off the project of ring road 1, Hoang Cau – Voi Phuc, with a total length of 2,274m with a total investment of VND7,780 billion.
This route has two viapass bridges towards the Ring Road 1 at Giang Vo – Lang Ha and Nguyen Chi Thanh. The project will use nearly 160,000m2 of land; Including 83,000 m2 of residential land, 16,000 m2 of institutional land and nearly 54,000 m2 of road land; Total households have to have a site clearance of 2,044 households.

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The VND 1,500 billion route connecting 3 districts in HN about to open
VnExpress​

Longer than 3.5 km, Nguyen Xien Street helps shorten the travel time from Thanh Xuan District, Hoang Mai to Xa La (Ha Dong) only 10 minutes.
The project includes the construction of two routes of 3.7 km in total, of which the main route (from Nguyen Xien to Xa La) is 2.5 km long. The remaining route is the connecting road located in the urban area next to Nguyen Xien Street.
The beginning point of the project intersects Ring Road 3 (Nguyen Xien). Here, the path and intersection categories are being finalized.

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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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