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CBRE Vietnam’s Top Property News Stories – Week 43/2017

 HCMC added 1,100 billion dong for the first metro,  Foreign investment hit over US$28 billion in 10 months, Hanoi paid 2 "gold land" areas for over 3.600 billion BT work… 

CBRE Newspaper Updates on Residential Ads

       

  • Two new launches

    • Hausneo (District 9)

      • Total units: 560 (for condos only)
      • Scale: two 18-floor blocks
      • Unit size: 45.3 – 67.4 sm (1 – 2 bedrooms)
      • Price*: from VND 20 – 22 million/sm
    • Saigon Intela (Binh Chanh District)

      • Total units: 1068 (for condos only)
      • Scale: two 24-floor blocks 
      • Unit size: 41 – 152.1 sm (1 – 3 bedrooms)
      • Price*: from VND 18 – 23 million/sm
  • Advertisements:

    • CitiEsto (District 2)

      • Total units: 528 (for condos only)
      • Scale: two 25-floor blocks
      • Unit size: 55.5 – 103.6 sm (2 – 3 bedrooms)
      • Price*: from VND 1.2 billion/2BRs
    • Thu Thiem Dragon (District 2)

      • Total units: 274 (for condos only)
      • Scale: two 23-floor blocks 
      • Unit size: 45.2 – 93 sm (1 – 3 bedrooms)
      • Price*: from VND 2.2 billion/2BRs

* Prices included VAT

       

  • No new launch
  • Advertisements

    • Valencia Garden (Long Bien District)

      • Total units: 366
      • Scale: 7,052 sm land area
      • Unit size: 60 – 100 sm (2-3 bedrooms)
      • Price*: from VND 19 million/sm
    • Intracom Riverside (Dong Anh District)

      • Total units: 1,036
      • Unit size: 46 – 76 sm (1-2 bedrooms)
      • Price*: from VND 18 million/sm
    • 5 Seasons – Condotel (Thanh Xuan District)

      • Total units: 400
      • Unit size: 60 – 100 sm (2-3 bedrooms)
      • Price*: from VND 26 million/sm
    • D'.El Dorado

      • Total units: 448
      • Scale: 2,808 sm land area
      • Unit size: 71 – 160 sm (2-3 bedrooms)

* 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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Tourism sector contributes significantly to GDP growth in 2017
Hanoi Times

The service and tourism sector has taken a leap this year, contributing 3.2 percentage points to the country’s 6.7 per cent GDP growth, said Deputy Prime Minister Vuong Dinh Hue. According to Hue, the number of international visitors to Vietnam in the first nine months this year rises by roughly 1 million per month on an average and it has increased by 30 per cent in the past few months. He forecasts that the rise will be higher in the remaining months of the year when the country hosts the APEC meeting and also due to major holidays such as New Year.

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Foreign investment hit over US$28 billion in 10 months
VIR

As of October 20, Vietnam has attracted US$28.24 billion in FDI capital, a y-o-y increase of 37.4%, according to the Foreign Investment Agency under the Ministry of Planning and Investment. Of the figure, US$16.3 billion was put into 2,070 new projects (up 32.9%), US$7.27 billion (up 35.9%), into 1,001  operational projects that demand additionally increased investment capital and US$4.67 billion into 4,156 capital contribution and share buying projects.

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Vietnam forecasts GDP growth of at least 6.5 pct in 2018, says 2017 target in sight
VnExpress

Vietnam expects economic growth of 6.5-6.7 percent next year, and thinks that the target of 6.7 percent set for this year is within reach, Prime Minister Nguyen Xuan Phuc said on Monday. The country plans to keep inflation steady at 4 percent in 2018, the same expansion projected for 2017; target export revenue growth of 7-8 percent and a trade deficit of below 3 percent next year.

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Quang Ngai approves 14 projects worth VND9 trillion
The Saigon Times

Quang Ngai Province presented investment certificates to 14 projects capitalized at more than VND9 trillion (US$396 million) during at an investment promotion conference last week. Among the new projects are a VND2.04 trillion industrial gas plant, a VND1.47 trillion textile factory, a VND1.07 trillion international school, and an VND800 billion shopping mall and apartment complex.

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On the threshold of APEC, capital inflows of VND35 trillion spread to the real estate market in Da Nang
VnEconomy

The investment capital flow of more than 35,000 billion has been poured into infrastructure, tourism, entertainment and technology, creating a tremendous leverage that made real estate market in Da Nang a new development. Currently, in 3 weeks, there are about 2,000 condo condotels from 8 projects of big corporations have been sold. And in just over three weeks, more than 1,700 apartments have been sold. This is a record-breaking number of Da Nang market.

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15 November, complete the expansion of Nguyen Tri Phuong Bridge
The Saigon Times

According Le Minh Triet, director of the Saigon River Tunnel Management Center, the second exit has been opened to traffic since end-August while the first and third ones were inaugurated The lobby at 7th fl oor of The Reverie Saigon. Other components like tree planting and street lighting will be done by November 15.

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HCMC added 1,100 billion dong for the first metro
CafeF

HCM City Chairman Nguyen Thanh Phong has decided to advance VND1,100 billion to pay for the construction of the Ben Thanh – Suoi Tien metro line. So far HCMC has spent more than 2,000 billion in advance for this project. Meanwhile, central ministries still have not agreed on disbursement.

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Hanoi paid 2 "gold land" areas for over 3.600 billion BT work
CafeF

In order to recover capital for investors, the city will pay for the construction 2 areas including 15 square meters of land have not yet been handed over to the investor in the new urban area of Nam Linh Lake (about 10.1 hectares) and the land of Parkcity Lakeside Project (about 35.23 hectares). The project has a total investment of more than 3,635 billion VND, in which BT project 's value is estimated at over 3,234 billion VND. The project has a duration of 3 years (2018 – 2020), construction location in northern district of Tu Liem, Hanoi.

 

Mall operator Vincom raises $708m in Vietnam’s biggest ever IPO
Financial Times

Mall operator Vincom has raised $708m in its initial public offering, marking the biggest ever domestic flotation in Vietnam.The company sold 397 million shares at 40,600 dong ($1.79) apiece, the top end of the price range that was projected by its underwriters. The amount raised was more than twice as much as any previous IPO on the Ho Chi Minh stock exchange. 

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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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