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CBRE Vietnam’s Top Property News Stories – Week 40/2017

HCMC poured more than 3,000 billion dong for infrastructure in the East, Vietnamese smart cities start with infrastructure, New wave of business investment…
 


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  • No new launch.
  • Advertisements:

    • The Eastern (District 9)

      • Total units: 648
      • Scale: one 20-floor block, one 22-floor block
      • Unit size: 50 – 69 sm (1-2 bedrooms).
      • Price*: from VND 20 – 22 million/sm.
    • Jamona Heights (District 7)

      • Total units: 286 (for condos only)
      • Scale: two 17-floor blocks
      • Unit size: 52 – 96 sm (1 – 3 bedrooms)
      • Price*: VND 28 million/sm
    • New City (District 2)

      • Total units: 1229 
      • Scale: four blocks (25 – 28 floor) 
      • Unit size: 45 – 300 sm (1 – 3 bedrooms and duplex)
      • Price*: from VND 46.9 million/m2

* Prices included VAT

       

  • One new launch

    • Sky Central – Tower B (Hoang Mai District)

      • Total units: 396
      • Unit size: 64 – 99 sm (2 – 3 bedrooms)
      • Price*: from VND 25 million/sm
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    • Anland Complex (Ha Dong District)

      • Total units: 500
      • Scale: 7,052 sm land area
      • Unit size: 54 – 90 sm (2-3 bedrooms)
      • Price*: from VND 23 million/sm
    • EcoHome Phuc Loi (Long Bien District)

      • Total units: 680
      • Unit size: 50 – 90 sm (2-3 bedrooms)
      • Price*: from VND 17.5 million/sm
    • Eurowindow River Park (Dong Anh District)

      • Total units: ~2,000
      • Unit size: 60 – 93 sm (2-3 bedrooms)
      • Price*: from VND 17.5 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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HCMC industry parks need new plan
VIR

Industrial and processing parks in HCMC have not developed to their potential due to poor infrastructure and a lack of connection among the parks. Twenty five years after the first industrial and processing park was established, only 4,500 hectares out of a total of 8,900 hectares in parks have been put in use. It is key that the HEPZA encourages industrial clusters to create close linkages with support industries.

 

 

 

 

 

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HCMC poured more than 3,000 billion dong for infrastructure in the East
VnEconomy

 

HCMC People's Committee has approved the proposed project of dredging two canal – Kinh river and Ba Da – Rach Gia canal in District 9 and constructing Cai Me bridge on Long Thuan and Dinh bridge on Long Thuan road. Public Private Partnership Form (BT Contract). The project aims to connect the waterway network linking Tac and Dong Nai rivers, increasing the capacity of waterway circulation, helping to reduce the pressure on the overloaded road system in the northeastern part of the city. At the same time, facilitate the development of two river side activities; increase drainage area, improve the environment.

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Vietnamese smart cities start with infrastructure
VIR

 

Vietnam is pursuing sustainable development in the wave of the Fourth Industrial Revolution, with a focus laid on creating smart cities. Siemens Vietnam’s president and CEO Pham Thai Lai discusses the use of smart technologies to optimize existing infrastructure, and the role of Siemens will play in implementing a more efficient public transportation system. 

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ADB applauds Vietnam on reducing deficit
VIR

The Vietnamese government’s efforts to reduce the state budget deficit accumulated by fiscal imbalances have been applauded by the Asian Development Bank. Recently, the World Bank and the International Monetary Fund also commended Vietnam for its efforts to control rising public debt. The World Bank said in its update on Vietnam’s economic situation that Vietnam has been showing “early signs of fiscal consolidation.” 

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WB retains 6.3% growth forecast
Vietnam Economic Times

Vietnam’s medium-term economic outlook remain positive, the bank confirmed, with 6.3 per cent GDP coming from domestic demand, agricultural production, the manufacturing sector, and recovery in external demand. The WB forecasts that the long-term challenge for Vietnam is to maintain high growth rates coupled with sustainable poverty reduction.

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New wave of business investment
Nhan Dan

The first nine months of 2017 has seen 93,967 newly established enterprises, up 15.4% over the same period in 2016. The Vietnamese economy has never witnessed such a strong business wave. It proves that the potential and business spirits of the Vietnamese are always good seeds and would bloom and bear fruit if there are favourable conditions in which to do so. 

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Warburg Pincus, Credit Suisse together hold more than 20% of Vincom Retail
Deal Street in Asia

Global private equity firm, Warburg Pincus, and bank Credit Suisse have converted their preferred stocks, which they held after the $300 million investment into Vincom Retail, to hold 15.7% and 5.05% respectively of the Vietnamese retailer. According to Bloomberg, Vincom Retail’s IPO could fetch $600 million, a value considered as the largest offer by a private company in Vietnam. 

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CJ Group expands into Vietnamese logistics
Nikkei in Asia

South Korea’s CJ Group has acquired over 50% of the shipping and logistics subsidiaries of Germadept, Vietnam’s biggest logistics company. The South Korean conglomerate has plans to investment in everything from cinemas to meatballs. 

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Hanoi has more urban areas in Ha Dong and Long Bien
NDH

Bac Lam new urban area in Ha Dong district and construction project in Thuong Thanh district Long Bien has just been approved by Hanoi People's Committee.

Accordingly, on September 28, the People's Committee of Hanoi issued Decision No. 6777 / QD-UBND approving the detailed plan of Bac Lam new urban area at 1/500 scale in Phu Luong ward, Ha Dong district. , Hanoi.

According to the decision, approval of the blueprint of Bac Lam new urban area with the scale of 1/500 with the planned area of 41.79 ha; The population is about 8,886 people.
 

 

Bridges projects boost land prices in Hanoi’s Eastern area
Vietnam Breaking News

Land prices in the Eastern area of Hanoi have sharply increased following the news of four planned bridges. The bridges are expected to better connect Hanoi and ease congestion during rush hours. Tu Lien and Tran Hung Dao bridges are estimated to be completed in 2019 and Duong 2 and Giang Bien bridges are set to be completed in 2021.

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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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