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CBRE Vietnam’s Top Property News Stories – Week 51

Vietnam's Vingroup rules out sales of retail chain to Japan's 7-Eleven, Fully disburse package of VND 30.000 billion in real estate, Why Vietnam's Property Market Is Like China's (In A Good Way)…

 

CBRE Newspaper Updates on Residential Ads

 

       

  • Two new launches

    • Khuong Viet (Tan Phu District)

      • Total units: 233 units
      • Scale: 17 floors
      • Unit size: 46 – 88 sm (1 – 3 bedrooms)
      • Price: from VND 985 million per unit

    • Homyland 3 (District 2)

      • Total units: 744 units
      • Scale: two 27-floor blocks
      • Unit size: 74 – 107 sm (2 – 3 bedrooms)
      • Price: from VND 1.5 billion per unit

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    • Asa Light (District 8)

      • Total units: 968 units
      • Scale: 21 floors
      • Unit size: 50 – 70 sm (1 – 2 bedrooms)
      • Price: from VND 810 million per unit

    • The Pegasuite (District 8)

      • Total units: 1,049 units
      • Scale: two 37-floor blocks and one 35-floor block
      • Unit size: 54 – 98 sm (2 – 3 bedrooms)
      • Price: from VND 800 million per unit

       

  • One new launch

    • Vinhomes Skylake (Nam Tu Liem District)

      • Total units: 1,812 units
      • Scale: total area 2.3 ha
      • Unit size: 45 – 160 sm (1 – 4 bedrooms)
      • Price*: from VND 50 million per sm (basic furnished)

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    • Sun Square (Nam Tu Liem District)

      • Scale: total area 12,435 sm
      • Unit size: 85 – 130 sm (2 – 4 bedrooms)
      • Price*: from VND 29 million per sm (basic furnished)

    • Hongkong Tower (Cau Giay District)

      • Number of units: 260 units
      • Scale: total area 5,041 sm
      • Unit size: 42 – 126 sm (1 – 2 bedrooms)
      • Price*: from VND 38 million per sm (basic furnished)

    • Sun Grand City Thuy Khue Residence (Tay Ho District)

      • Total units: 519 units
      • Scale: total area 1.6 ha
      • Unit size: 47 – 168 sm (1 – 4 bedrooms)
      • Price: from VND 65 million per sm (basic furnished)

* 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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Why Vietnam's Property Market Is Like China's (In A Good Way)
Forbes

 

Vietnam is looking more and more like the “next China.” It has similar demographics as the mainland, with a burgeoning middle class, and is also emerging from a Communist administration that is slowly opening the door to foreign investment. Vietnam has a particularly young population driving strong economic growth, and is undergoing the leap from an agrarian economy right into a post-industrial, service-driven economy in a matter of a couple of decades.

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Toong join hands with CapitaLand Vietnam to open new co-working space
Deal Street Asia

 

Vietnam’s co-working space operator Toong will be launching its first outlet in Ho Chi Minh City early next year, in partnership with CapitaLand in Vietnam. The company already has four operational co-working spaces in Hanoi and Danang, leveraged by the seven-digit funding in March this year.

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Hanoi: pilot Rapid Bus Transit to be soon deployed
Hanoitimes

 

The local Department of Transport joins hands with Transerco to create favourable conditions for Bus Rapid Transit operation, to ensure transport safety and convenience for passengers. The project is hoped to officially operate within the year. 
 

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Fully disburse package of VND 30.000 billion in real estate 
The Saigon Times

 

A credit package of VND30.000 billion has been disbursed and it is expected to fully reach the goal as planned. This is a credit supporting program nationwide instituted by Government from 2013 to year’s end 2016. There have been a total of 19 participating banks and 50000 individuals have received credit from this program. The program has achieved positive results such as recovering the real estate market and lowering real estate inventory.
 

 

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VN shopping malls struggle to meed changing customer trends
Vietnam Breaking News

 

 

A number of luxurious shopping centres in Vietnam are facing slow sales and even closing as they fail to meet customers’ changing demand. However, with a population of over 90 million, the Vietnamese retail market will still have great potential and attract lots of investors in the coming years.

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Vietnam's Vingroup rules out sales of retail chain to Japan's 7-Eleven
Deal Street Asia

 

Vietnamese property giant Vingroup has ruled out sale of its convenience store chain, VinMart+, brushing aside reports that Japan’s 7-Eleven was acquiring it. Meanwhile, Vietnam will be 7-Eleven’s 19th market as the convenience store operator sets to open its first outlet in Ho Chi Minh City.

ted protective forest.

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Vietnam's foreign tourist numbers reach record highs
Tuoi Tre News

 

International arrivals to Vietnam will surpass a record-breaking 10 million on December 25th, an impressive surge from 2015, and the country’s tourism watchdog announced on Thursday. Total domestic visitors in 2016 reached 62 million, while total tourism revenue topped VND 400 trillion (USD 17.86 billion). The tourism sector is targeting 11.5 million foreign tourists and 66 million domestic visitors for 2017, equating to VND 460 trillion (USD 20.54 billion) in revenue.

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Three scenarios for real estate market in 2017
The Saigon Times

 

What will happen to the real estate market in 2017? Three scenarios have been proposed at conference “2017 real estate prospects-Impact of Policy”. In general, the most possible scenario is that there will be no strong fluctuation, except for a change in market proportions. Some segments will experience strong growth such as houses in the affordable and mid-end segment. This is influenced by government policy and restructure in the market.

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The challenging goal: Keep inflation under 4% per year
VnEconomy

 

According to the Vice Prime Minister, Mr. Vuong Dinh Hue, prices of many goods have reached the bottom but tend to rise again. The Government will accomplish the goal of keeping inflation at well under 5% in 2016. As a report from General Statistics reveals, although gas and oil prices just experience their highest increase, CPI still remains at 4.5%. Therefore, it is expected that CPI will be controlled at the same level as the National Assembly proposed for Government in 2016.

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PM approves proposal for infrastructure project for central provinces
Vietnam Breaking News

 

The Prime Minister has approved a proposal for an infrastructure project in the central provinces of Nghe An, Ha Tinh, Quang Binh and Quang Tri to assist with economic growth in the region. The proposal said the project would be funded by a loan of 97 million USD from the Asian Development Bank (ADB).

 

 

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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

 

 

CBRE | CB RICHARD ELLIS