Home   »   Property News   »   CBRE Vietnam’s Top Property News Stories – Week 6/2017
CBRE Vietnam’s Top Property News Stories – Week 6/2017

Master plan on warehouses at border gates approved​, Hermes reopens renovated Hanoi store​, Wealthy family of Ms.Truong My Lan plans to spend VND 8,000 billion to build the highest tower on Nguyen Hue Street, …

CBRE Newspaper Updates on Residential Ads


       

  • No new launch
  • Advertisements:

    • The Everrich Ininity (District 5)

      • Total units: 325 office-tels, 426 apartments, 10 units of duplex and 3 penthouses
      • Scale: one 25-floor block, land area: ~8,000 sm
      • Unit size: 30 – 709 sm 
      • Price*: from VND 1.8 billion per unit
    • Golden King (District 7)

      • Total units: 372 units of office-tel
      • Scale: one 21-floor block with 2 floors of basement
      • Unit size: 25 – 50 sm 
      • Price: from 1.1 billion per unit
    • Prosper Plaza (District 12)

      • Total units: 1,172 units
      • Scale: three 20-floor blocks
      • Unit size: 48.37 – 65 sm (2 bedrooms)
      • Price: from VND 868 million per unit

* Prices included VAT

       

  • No new launch
  • Advertisements:

    • Imperial Plaza (Thanh Xuan District)

      • Total units: 660 units
      • Total area: 13,606 sm
      • Unit size: 78.8 – 128.1 sm (2 – 3 bedrooms)
      • Price*: from VND 25 million per sm (basic furnished)
    • 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 VND 72 million per sqm
    • 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 45 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

Back to top

 

Foreign capital flows strongly into real estate
Thanh Nien

In HCMC (2016), foreign capital flow into real estate occupied the largest proportion of 40,9%. On national average, FDI flow into real estate reached USD 1.3 billion, the 2nd among foreign capital. A large real estate group from Japan, Maeda, has penetrated into Vietnam’s market through a partnership with Thien Duc Construction Company in Wateria Suites project with total investment of USD 30 million in District 2. Other significant partnerships are Mitsubishi – Bitexco, Kajima – Indochina Capital. There are also opportunities in the affordable house segment for foreign investors thanks to encouraging local policies.

Back to top

 

Wealthy family of Ms.Truong My Lan plans to spend VND 8,000 billion to build the highest tower on Nguyen Hue Street
CafeF

The HCMC’s People Committee has approved of the Investment Plan and Assigned Investors. Joint venture of Larkhall Holding and Van Thinh Phat Investment Group are going to invest VND 8,000 to build a highest commercial complex on Nguyen Hue Street. This project will be located on the opposite site of 6-star hotel The Reverie, which also belongs to Van Thinh Phat. Currently, Ms.Truong My Lan owns up to 4 locations including Union Square, a trade center on Le Loi-Nguyen Hue intersection, Saigon Times Square and recently Duxton Hotel (changed to Saigon Prince).

Back to top

 

How Vietnam Is Changing Its Gambling Rules To Win Foreign Investment​
Forbes

Vietnam interests global casino companies because it has a long-term economic growth trajectory and 90 million people supporting a thriving gambling market that’s now mainly seen at border casinos and domestic underground play. With local play plus the 600 million strong Southeast Asian markets, Vietnam casinos won’t be completely reliant on visitors from neighboring China. With a tropical climate, a pair of UNESCO and Natural World Heritage sites, more than 3,400 kilometers of coastline, much of it beach lined, Vietnam has great potential as a tourist destination that casinos can enhance.

Back to top

 

Hermes reopens renovated Hanoi store​
Retail in Asia

Hermes has reopened its store in Hanoi following a successful renovation. Located at the Metropole Hotel, the Hermes store covers 150 sm and features the complete collections from the French luxury brand.
 

Back to top

 

Building two steel-made overpasses in 6 months to reduce traffic congestion around Tan Son Nhat Airport
NDH

In February 8th, 2017, HCMC Department of Transportation has started the project of overpass at Truong Son – Tan Son Nhat and at Nguyen Thai Son – Nguyen Kiem Intersection. The project will be completed in just 6 months to solve the problem of increasing traffic congestion in the entrance to Tan Son Nhat Airport. The project has a total investment of VND 242 billion, constructed in Tan Binh District.

Back to top

 

Thailand invests $7.7 billion in Viet Nam​
Vietnam Investment Review

According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), Thailand has invested US$7.7 billion in 440 projects in Viet Nam to become the country’s tenth largest investor. The agency says Thai investors are now turning their attention to industrial infrastructure and retail sectors. These include a joint venture project between Amata VNPCL of Thailand and Sonadezi Bien Hoa in the infrastructure sector and a project of MM Mega Market Co, Ltd in HCM City, with a capital of $36 million, reports vneconomy.vn.

Back to top

 

Master plan on warehouses at border gates approved​
Vietnam Plus

The Ministry of Industry and Trade has approved a master plan on developing warehouses at Vietnam – Laos, Vietnam – Cambodia border gates until 2025 with a vision to 2035.The warehouses will be able to accommodate all export-import goods by 2025 and 80 percent will provide logistics, preservation, inspection and customs clearance services. 

Back to top

 

Vietnam retail revenue reaches $11 billion​
Inside Retail Asia

Vietnam retail and services revenue rose 10 per cent year-on-year last month to US$15 billion. Excluding inflation, the amount marked a yearly increase of 6.7 per cent, says the General Statistics Office (GSO). Statistician Vu Manh Ha attributes the growth to stable prices, despite high local consumption in preparation for the Tet holiday and sufficient stocks in supermarkets for the country’s biggest festival.
 

Back to top

 

 

 

 

 

 

 

 

 

 

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