Saigon’s first metro line will not open on Schedule, Foreign investors set sights on Vietnam’s seaports, Quang Ninh accelerates construction of Ha Long – Van Don expressway…
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One New Launched:
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VinCity Ocean Park – The Park (Gia Lam District)
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Scale: 66 Buildings
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Unit size: 28 – 75 sm
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Price*: from VND 28 million psm
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Advertisement:
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The Sun Me Tri (Nam Tu Liem District)
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Total units: 352 units
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Scale: 36,800 sm land area
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Unit size: 74 – 116 sm (2 – 3 bedrooms)
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Price*: from VND 31 million psm
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Sky Park Residence (Cau Giay District)
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Total units: 496 units
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Scale: 6,786 sm land area
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Unit size: 63.3 – 334.4 sm (1 – 3 bedrooms and penthouse)
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Price*: from VND 37 million psm
* Prices included VAT
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No New Launch
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Advertisement:
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Charmington Iris (District 4)
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Total units: 1,438 units
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Scale: 16,645 sm land area
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Unit size: 45 -122 sm (1 – 3 bedrooms)
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Price*: from VND 52 million psm
* Prices included VAT
Update base on newspaper date 22 – 26 October 2018
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Saigon’s first metro line will not open on Schedule
VnExpress
The HCMC Urban Railways Management Authority said it needs the city to spare its own budget so that it can pay contractors for the parts they have finished. A paucity of funds will prevent HCMC from completing its first metro line by 2020 as scheduled.
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HCMC faces potential lawsuit over proposed repossession of land from company
VnExpress
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Lavenue Investment JSC, which had planned to build a five-star hotel and shopping mall on a 4,896-square-meter (5,856-square-yard) plot of land on Le Duan Street in District 1, has sought his intervention to allow it to resume construction. The development ground to a halt after the Government Inspectorate concluded last May that the city People's Committee had sold the land to private firms against regulations, causing a loss of trillions of dong (VND23,250 = $1) to the treasury and urged the city to appropriate the land.
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Foreign investors set sights on Vietnam’s seaports
Hanoi Times
Vietnam’s rapidly growing trade and production have pushed the cargo volume through the country’s seaports to rise by 20-30 percent per annum, making port projects appealing to foreign investors.
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200 resettlement apartments find buyers
The Saigon Times
Some 200 resettlement apartments in the Phu My resettlement area in HCMC’s District 7 have been successfully sold to three enterprises—Thinh Phat Company, Duc Khai Company and a Long An-based firm—at an auction. Proceeds amounted to VND224 billion.
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Housing developers take a shine to northern Vietnamese province
VnExpress
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More property companies are pouring money into housing in Bac Ninh which is believed to have great potential for development. The number of transactions increased by 20 percent from the previous quarter.
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EU pushes for approval of trade agreement with Vietnam
Retail News Asia
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The European Commission submitted for approval on Wednesday a free trade agreement with Vietnam. The E.U.-Vietnam trade and investment agreements will need approval from the E.U.’s 28 members and from the European Parliament.
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Saigon Co.op to open 100th supermarket
SGGP News
Saigon Union of Trading Co-operatives (Saigon Co.op) has said that it will open the 100th supermarket this month, taking the total number of retail outlets to 600.
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VI Group, Thai-listed Minor ink JV to bring The Coffee Club to Vietnam
Deal Street Asia
SET-listed Minor International has entered into a joint venture agreement with Vietnam Investment Group (VI Group) to operate The Coffee Club franchise in Vietnam.
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Quang Ninh accelerates construction of Ha Long – Van Don expressway
Vietnam Plus
Contractors has been asked to quicken the construction of Ha Long – Van Don expressway, enabling it to connect with the Ha Long – Hai Phong – Hanoi expressway and the Van Don International Airport. Once completed, the project is hoped to create traffic connections in the economic triangle axis of Hanoi-Hai Phong-Quang Ninh and form the Ha Noi-Hai Phong-Ha Long-Van Don-Mong Cai expressway route, contributing to easing traffic flow on the National Highway 18.
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Moody’s upbeat on Vietnam’s economic Outlook
The Saigon Times
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Vietnam’s expansion has charged ahead despite the recent financial and trade turmoil, which has affected Southeast Asian emerging markets. The Vietnamese economy remains one of the premier emerging markets in Southeast Asia. Following the real gross domestic product (GDP) growth of 6.8% in 2017, its GDP is seen continuing to expand 6.7% this year.
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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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Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market.
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