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CBRE Vietnam’s Top Property News Stories – Week 7/2017

Major realty projects drive early FDI​, "CapitaLand Vietnam, Toong sign deal to develop co-working space", Condo classification from 15/02: Avoid over titles from developers…

CBRE Newspaper Updates on Residential Ads


       

  • No new launch
  • Advertisements:

    • Moonlight Boulevard (Binh Tan District)

      • Total units: 656 units, 54 units of office-tel, 54 units of shophouses
      • Scale: one 20-floor block, land area: 8,280 sm
      • Unit size: 51.41 – 96.16 sm 
      • Price: from VND 1.0 billion per unit
    • Kingsway Tower (Binh Tan District)

      • Total units: 496 units
      • Scale: three 20-floor blocks
      • Unit size: 52 – 71 sm 
      • Price: from VND 868 million per unit
    • Saigon Mia (Binh Chanh District)

      • Total units: 872 units, 80 units of office-tel. 15 units of shophouses
      • Scale: three 27-floor blocks
      • Unit size: 30 – 120 sm, land area: 15,126 sm
      • Price: from VND 900 million per unit

* Prices included VAT

       

  • New launch

    • Vinhomes Skylake – S3 Building (Nam Tu Liem District)

      • Total units: 260 units
      • Unit size: 53 – 158 sm (1 – 4 bedrooms)
      • Price*:from VND 40 million per sm (basic furnished)
  • Re – launch

    • Vinhomes Green Bay – G1 Building (Nam Tu Liem District)

      • Total units: 242 units (G1 Building)
      • Unit size: 42 – 92 sm (1 – 3 bedrooms)
      • Price*: from VND 39 million per sm (basic furnished)
    • Eco Lake View (Hoang Mai District)

      • Total units: 1,218 units
      • Unit size: 65 – 100 sm (2 – 3 bedrooms)
      • Price*: from VND 21.5 million per sm (basic furnished)
    • FLC Garden City (Nam Tu Liem District)

      • Number of units: 1,638 apartments
      • Unit size: 48 – 105 sm
      • Price*: from VND 17.5 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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CapitaLand Vietnam, Toong sign deal to develop co-working space
Bizhub

Singaporean developer CapitaLand and Toong have signed a memorandum of understanding to change the working environment in Vietnam. As the first fruit of this partnership, Toong will open a co-working space, its first in HCMC, in CapitaLand’s newest upcoming mall The Oxygen in District 2, which was announced at the end of last year. The space will offer convenient access to modern amenities and high-quality value-added services for more than 300 members in one of the most progressive and affluent communities in Viet Nam.

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Major realty projects drive early FDI​
Vietnam Investment Review

Supported by strong liquidity in 2016, a range of foreign invested real estate projects in major Vietnamese cities is expected to launch for sale in 2017. This expected expansion is a result of stable economic growth and increased demand from both domestic and international buyers following the government’s decision to ease regulations allowing foreigners to own properties in Vietnam. Developers from Japan, South Korea, and Singapore are the most aggressive. Singapore’s leading real estate developer, CapitaLand, is preparing necessary procedures to launch its latest project within this year, a residential tower in the heart of HCMC.

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HCMC: A close view to the aggressive construction of VND 10,000-billion super project preventing flooding
CafeF

Water regulation project occurred by tide of HCMC which took into account the climate change factor (phase 1) started constructing on April, 2016. This project is based on the form of BT (built-transfer) and an investment of VND 10,000 billion. The project is expected to be completed after 36 months and will hand over to the city by April 30th, 2018. When the project will be completed, it will help to control the floods for 570-sm area with 6.5 billion people along Saigon River and the CBD.

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HCMC will have 250-ha amusement park residential project in Thu Duc District
CafeF

HCMC People’s Committee signed Decision no.4337 approving the adjustment of detailed residential plan, based on construction rate 1/2000 of Hiep Binh Phuoc Amusement Residence at Hiep Binh Phuoc Ward, Thu Duc District. Unlike the previous plan which only contained land plots, this new proposed plan will include both condominium and retail sector to create better living standard for the residences.
 

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Hanoi build “garden city” along Thang Long highroad
CafeF

On February 14, Planing and Architecture Department published a detail plan of functional urban area in the South of Thang Long highway, which belongs to Me Tri, Trung Van, Phu Do Districts. The planned area larges 75 ha. The total population are 10,000 residences. It faces ministries’ head offices in the East, Thang Long highway in the North, Nhue River in the South, 21m-planned road in the West. Architectures of the functional urban area are organized in a U-shape, heading to the North and covering the green landscape of the other three sides. Low buildings (4-5 storey) will be located in the Southern and Western regions. High buildings (35-39 storey) will be in the Eastern side. Air-conditional lake will occupy the key center area (about 15 hectares). Two open canals will create a network connecting the lake with Nhue River and tree parks of the area.

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World Bank proposes the investment of VND 9,680 billion to redevelop urban areas in Danang
NDH

On the working day with the World Bank, they proposed to Danang People’s Committee an investment of VND 9,677 billion to redevelop urban areas in Danang. Danang urban redevelopment project includes integrated urban development plan, modernize areas surrounding new railway station and redevelopment plan for areas at the current railway station in the city. Additionally, Danang also needs VND 5,764 billion more to reallocate the current railway station and build new station, two more goods stations and some infrastructure projects.

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Condo classification from 15/02: Avoid over titles from developers
CafeF

From February 15, Circular 31 of ministry of construction begins to valid. This circular is supposed to classify condominium market for proper value assessment, management and trading. According to Circular 31, the classification criteria includes architecture planning; technology system; services and community infrastructure; quality, management and operations. Segmented condominiums are in either class A, B or C. However, this will applied to completed condominiums only, which also means that the circular doesn’t make much sense to buyers. It is worth noting that this circular is not compulsory for all condominiums. The Constructions Department will take classification process only when it is requested by the developer, administrators and owners of the building.

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The State Bank of Vietnam ‘rejects’ the proposal of extending 30,000-billion package​
Cafebiz

The State Bank received the proposal no.106 of HoREA including report for 2016 and market forecast for 2017. In this document, they mentioned about the approving for people who receive houses on January 1st, 2017 and beyond are allowed to continue disbursement under the contract with a package of VND 30,000 billion. However, the State Bank refused to extend the VND 30,000-billion package of HoREA’s proposal. The State Bank stated that they had issued Circular no. 25 regulating clearly about the extension of refinancing disbursement for credit contracts signed before March 31st, 2016 for individual customers and households till December 31st, 2016.

 

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Vietnam inbound M&A to cross $1b in 2017, but unlikely to touch 2016 levels
Deal Street Asia

Vietnam’s inbound M&A activity is likely to exceed the $1 billion mark for the third successive year in 2017 although global economic uncertainties could drag the momentum and levels reached in 2016. Vietnam recorded over $2.3 billion in total inbound deal value in 2016, a drop from almost $3.9 billion in 2015. The total IPO transaction was estimated at $172 million in 2016 but is expected to surge to $410 million this year and continue to significantly pick up in the next two fiscals.

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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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