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CBRE Vietnam’s Top Property News Stories – Week 35/2017

Vietnam’s PM endorses cable car plan to world famous cave system, Ho Chi Minh City: Adjust the function of "golden land" No. 4 Thi Sach from hotel to officetel, Ho Chi Minh City to build underground parking site and park in Tan Binh District… 

 
CBRE Newspaper Updates on Residential Ads

 

       

  • No new launch.
  • Advertisements:

    • Lavita Charm (Thu Duc District)

      • Total units: 939
      • Scale: three 20-floor blocks. 
      • Unit size: 49 – 90 sm (1-3 bedrooms).
      • Price*: from VND 1.3 billion/unit.
    • Heaven Riverview (District 8)

      • Total units: 960 
      • Scale: two 17-floor blocks (each 480 units).
      • Unit size: 50 – 69 sm (1-2 bedrooms).
      • Price*: from VND 800 million/unit.
    • Khuong Viet (Tan Phu District)

      • Total units: 233
      • Scale: one 17-floor block.
      • Unit size: 51 – 94 sm.
      • Price*: from VND 1 billion/unit.

* Prices included VAT

       

  • No new launch
  • Advertisements:

    • T&T Riverview (Hoang Mai District)

      • Total units: 510
      • Scale: 8,260 sm land area 
      • Unit size: 50 – 113 sm (1-3 bedrooms)
      • Price*: from VND 22 million/sm
    • Anland Complex (Ha Dong District)

      • Total units: 533
      • Scale: 7,052 sm land area
      • Unit size: 54 – 90 sm (2-3 bedrooms)
      • Price*: from VND 23 million/sm
    • Bidhomes The Garden Hill (Nam Tu Liem District)

      • Total units: 375 
      • Scale: 5,568 sm land area
      • Unit size: 56 – 107 sm (2-3 bedrooms)
      • Price*: from VND 26 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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Vietnam consumer confidence at record high: Nielsen study
Vietnam Plus

Vietnam ranks the fifth most optimistic country globally with an index score of 117 in the latest Consumer Confidence Index released by Nielsen, its highest score in the past five years and up five points from the last quarter of 2016.
The report also finds that consumers in Southeast Asia continue to be among the world’s most confident.

 

 

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Ho Chi Minh City: Adjust the function of "golden land" No. 4 Thi Sach from hotel to officetel
VIR

 

The City People's Committee has approved the adjustment of the planning function of the project at 4 Thi Sach Street and 3 Thai Van Lung Street, Ben Nghe Ward, District 1. Accordingly, hotels – commercial services – offices – apartments has been converted to into officetel – parking – resettlement apartments, other related functions.

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Mövenpick’s Asian hospitality expansion to ramp up presence in Vietnam
VIR

 

Swiss hospitality company Mövenpick Hotels & Resorts is fast establishing itself as a leading international brand in Vietnam, with ambitions to own 10 hotels within the next five years.
Olivier Chavy, president and CEO of Mövenpick Hotels & Resorts, shared at a press meeting on the occasion of its leadership team visiting Vietnam that, “Vietnam is strategically important for Mövenpick Hotels & Resorts. It is one of the region’s most high-growth hospitality markets and has strong development prospects for our company."

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Convenience stores are expanding throughout the country
CafeF

 

The chain of convenience stores has been growing rapidly in Vietnam for the last one year, such as Miniso, Illahui, Mumuso and Daiso. Their product have beautiful code, fashion style, reasonable price to attract customers. Although this model has been in business since 2016, there are over 100 stores nationwide. Representatives of these convenience stores claim that this model is very potential in Vietnam because its population is 93 million and one third of the population is under the age of 35.

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IDICO reveals criteria for strategic investors
VIR

 

Domestic enterprises who want to become strategic investors in one of Vietnam's leading urban and industrial zone developers Vietnam Urban and Industrial Zone Development Corp. (IDICO) need to have at least VND2.5 trillion ($110.1 million), and $115 million with foreign investors,  in the chartered capital as the end of 2016, according to information published on the company website.

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Ho Chi Minh City to build underground parking site and park in Tan Binh District
CafeLand

The People's Committee has approved the Tan Binh District People's Committee to carry out the compensation and clearance of the 2.25ha site at Ward 15, Tan Binh District to call for investment in the construction of underground parking in combination with a park. 

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Vietnam’s PM endorses cable car plan to world famous cave system
VN Express

 

The province proposed to build a cable car system across the UNESCO heritage site at a meeting with Prime Minister Nguyen Xuan Phuc on Friday. Phuc said that although the idea has garnered a lot of controversy, he and government agencies “agree in principle” with the plan. Phuc ordered the project “not to interfere with the heritage site and not to be overexploited after opening."

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Shinhan, VinaCapital to invest $100m in Novaland via new PE vehicle: Report
Deal Street Asia

 

South Korea’s Shinhan Investment Corp has reportedly teamed up with Vietnam’s leading asset management firm VinaCapital to establish a $100 million private equity fund to invest in Vietnamese real estate developer Novaland. The private equity fund will acquire convertible preferred shares in Novaland, and plans to carry out a local study with Korean institutional investors later this month before setting up, Pulse News reported.

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Ho Chi Minh City launches first 'food street' for local hawkers
Straits Times

 


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After months of anticipation, the first official "food street" in Ho Chi Minh City opened on Monday in District 1. At 6am, 20 food stalls were set up on the pavements along Nguyen Van Chiem Street.  Forty street vendors who once occupied sidewalks in different areas in District 1, now have a dedicated, safe place to sell food.
 

 

 

 

 

 

 

 

 

 

 

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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