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CBRE Vietnam’s Top Property News Stories – Week 4/2017

HCMC will have electric bus in the CBD of District 1 and Phu My Hung,Vingroup officially becomes the investor of Sports Complex in Thu Thiem, CapitaLand buys 90% stake of a company that has 0.8-ha land in Thao Dien, …

 

CBRE Newspaper Updates on Residential Ads

 

       

  • No new launch
  • Advertisements:

    • The Everrich Infinity (District 5)

      • Total units: 325 units of office-tel and 426 units of condominium
      • Scale: one 25-floor block
      • Unit size: 72 – 130 sm (2 – 3 bedrooms)
      • Price: from VND 3.6 billion per unit

    • Saigon Mia (Binh Chanh District)

      • Total units: 872 units
      • Scale: two 22-floor blocks and one 27-floor block
      • Unit size: 50 – 145 sm (1 – 3 bedrooms)
      • Price: from VND 990 million per unit

    • Khuong Viet (Tan Phu District)

      • Total units: 233 units
      • Scale: one 17-floor block
      • Unit size: 51 – 94 sm (1 – 3 bedrooms)
      • Price: from 970 million per unit

    • Moonlight Boulevard (Binh Tan District)

      • Total units: 656 condos, 54 office-tels and 54 shop houses
      • Scale: one 20-floor block
      • Unit size: 51.4 – 96.1 sm (2 – 3 bedrooms)
      • Price: from VND 999 million per unit

* Prices included VAT

       

  • One re-launch

    • FLC Garden City Dai Mo (Nam Tu Liem District)

      • Total units: 1,638 units
      • Total area: 7.9 ha
      • Unit size:48  – 105 sm (1 – 3 bedrooms)
      • Price: from VND 16 million per sm (basic-furnished)

  • Advertisements

    • An Bình City (Bac Tu Liem District)

      • Total units: 2,732 units
      • Total area: over 4.4 ha
      • Unit size: 74 – 114 sm (2 – 3 bedrooms)
      • Price*: from VND 26 million per sm (basic furnished)

    • Kosmo Tay Ho (Bac Tu Liem District)

      • Total units: 648 units
      • Total area: 10,895 sm
      • Unit size: 50 – 130 sm (1 – 4 bedrooms)
      • Price: from 33 million per sm

    • Vinhomes Metropolis (Ba Dinh District)

      • Total units: over 1,000 high-end apartments, 5 penthouses, 11 skyvillas
      • Total area: 3.5 ha
      • Unit size: 51 – 149 sm (1 – 4 bedrooms) 
      • Price: from 50 million per 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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Dolce & Gabbana pop-up opens in Vietnam
Inside Retail Asia

 

Italian luxury fashion brand Dolce & Gabbana has opened its first Vietnam pop-up store at Rex Hotel, Ho Chi Minh City. The brand has been brought to Vietnam by the IPP Group that also distributes other luxury brands there, including Burberry, Chanel, CK, and Salvatore Ferragamo.

 

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CapitaLand buys 90% stake of a company that has 0.8-ha land in Thao Dien
NDH

 

On January 23rd, CapitalLand Limited (CapitaLand) announced that a subsidiary of Sophia VN Limited give 90% stock in CapitaLand Thanh Nien Limited Company. CTN owns 0.8-ha land in Thao Dien Ward, District 2, HCMC that will be developed into a project with 317 units of condotel.

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Vingroup officially becomes the investor of Sports Complex in Thu Thiem
CafeF

 

The HCMC government has approved Vingroup as the investor of the Sport and Entertainment Complex in functional section 2C in Thu Thiem New Urban Area. According to the municipal Department of Zoning and Architecture, section 2C in Thu Thiem covers 31.49 hectares. The complex is one of the most important projects in the new urban area, where a multi-purpose gymnasium, a sports park and other related facilities will be developed.

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Vietnam to allow casinos in 3-year project
Tuoi Tre News

 

Vietnam's government on Friday published a decree to allow Vietnamese to gamble in approved casinos under certain conditions in a three-year pilot project. People over 21 years old with a regular monthly income of at least 10 million dong ($443.1) will be allowed to take part, said the decree which was published on the government's website. The casinos must be part of an entertainment and hotel complex with investment capital of at least $2 billion and comply with several other requirements, it said.
 

 

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Temporary floating bridge built to boost Vietnam-China border trade
Vietnam Plus

 

 

A ground-breaking ceremony for a temporary floating bridge over the Ka Long border river was held in Mong Cai city of the northern province of Quang Ninh on January 19. The bridge is the first of its kind connecting Mong Cai city with Dongxing city of China. The floating bridge is expected to boost import-export activities and economic development between the two border cities and minimise the weather impact on goods transport while reducing cost of transportation, contributing to the socio-economic development of the two localities.

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Logistics firms fight foreign giants
Vietnam Investment Review

 

Despite being in the early stages of development, Vietnam’s logistics sector is staying on the radar of foreign investors.  Vietnam has become a popular production base for several Japanese and South Korean manufacturers, including Samsung, Panasonic, and Bridgestone. The government is expected to provide more support for the logistics sector, which forms the backbone of domestic and international trade in any economy. During the period from 2016-2020, Vietnam is expected to require almost $176.6 billion for infrastructure investment.

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HCMC will have electric bus in the CBD of District 1 and Phu My Hung
NDH

 

On 24th January, HCMC Operation Centre and Passenger Public Transportation implemented a trial of 4-wheel electric bus service in the CBD (District 1) and Phu My Hung urban area (District 7). In particular, the three routes are D1 operating in the CBD, D2 and D3 operating in Phu My Hung urban area.

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Vietnam-Japan trade expected to surge in 2017
Vietnamnet

 

The Vietnam-Japan trade is expected to reach a new height in 2017 as the two countries have agreed on many measures to boost the trade exchange. Vu Cuong, deputy head of East Asia division of the Asia Pacific Market Department under the MoIT, said a series of visits made by leaders of the two countries in early 2017 reflected the two sides’ resolve to boost ties. Besides good diplomatic relationship, trade experts urged the business community to seize opportunities brought about by the Vietnam-Japan Economic Partnership. 

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Biggest theme park in South East Asia opens in Ha Long
Lao Dong

 

Dragon Park of Sun Group is officially opening on 25thJan 2017. This is the only park in Vietnam provides over 30 top world modern games. The quality is tested by TUV – Germany. This 40 ha park is also the first park in Asia is managed by Parques Reunidos (Spain), the well-known top brand in the world with over 60 famous parks in 14 different countries which qualified the EU standard.It is expected to attract a huge number of visitors for Quang Ninh Province.

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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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