CBRE Vietnam Real Estate Spotlight

Horse racing track added to Hanoi plan, Four major transport projects on track for completion next year, Italian fast fashion brand set for Vietnam debut…

New Launch:
- Anland Premium (Nam Tu Liem District)
  - Total units: 578 units
  - Scale: 8,570 sqm land area
  - Unit size: 53 – 85 sqm (2 – 3 bedrooms)
  - Price: from VND 26 million per sqm
Advertisement:
- Golden Field (Nam Tu Liem District)
  - Total units: 389 units
  - Scale: 4,435 sqm land area
  - Unit size: 65 – 226 sqm (2 – 3 bedrooms & Duplex)
  - Price: from VND 29 million per sqm
- Rivera Park (Thanh Xuan District)
  - Total units: 666 units
  - Scale: 11,234 sqm land area
  - Unit size: 68.6 –104.75 sqm (2- 3 bedrooms)
  - Price*: from VND 32 million per sqm
- Hong Ha Eco City (Thanh Tri District)
  - Total units: 3,283 units
  - Scale: 50,100 sqm land area
  - Unit size: 74 –101 sqm (2- 3 bedrooms)
  - Price*: from VND 21 million per sqm

* Prices included VAT

No New Launch
Advertisement:
- Q7 Sai Gon Riverside Complex (District 7)
  - Total units: 3,580 units
  - Scale: 75,224.5 sm
  - Unit size: 53.2 – 86.69 sm (1 – 3 bedrooms)
  - Price: VND 29 million psm (excl VAT)
- Charmington Iris (District 4)
  - Total units: 1,438 units
  - Scale: 16,645 sm land area
  - Unit size: 45 -122 sm (1 – 3 bedrooms)
  - Price*: from VND 52 million psm

* Prices included VAT
Update base on newspaper date 24 – 28 December 2018

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

Vietnam GDP growth tops 7 pct, highest in a decade
VnExpress

Vietnam’s GDP growth of 7.08% this year retained its status as one of the best performing economies in the world. It was the highest growth the country has experienced since 2008 and compared with the median estimate of 6.9% in a Bloomberg survey of 12 economists.

Vietnam lures $35.46 billion FDI in 2018
Vietnamnet

Vietnam attracted 35.46 billion USD in total foreign direct investment (FDI) in 2018, equivalent to 98.8 percent of the previous year’s figure.

Vietnam CPI in 2018 increased by 3.54%
VnEconomy

Average CPI in 2018 increased by 3.54% compared to 2017 and increased by 2.98% compared to December 2017. In particular, CPI in Q4 2018 increased by 3.44% compared to the same period last year. With this increase, the target of inflation control, keeping the average CPI in 2018 under 4% of the Government was achieved in the context of the price adjustment of the state-managed commodities set in 2018.

Italian fast fashion brand set for Vietnam debut
VnExpress

Italy’s OVS midrange fashion brand will open its first outlet in HCMC this weekend. OVS is a popular fashion brand in Europe. In Italy, the brand has 15 percent of the market share in the country's children aged 0-14 segment. The company’s products range is geared towards consumers of all ages. Its collection stretches from bold, urban looks, to elegant, formal office attire. At the same time, the OVS price tag targets the mass consumer segment. An increasing middle-class population has made Vietnam a magnet for international fast fashion brands, industry insiders have noted.

Khanh Hoa tightens hotel rating
VIR

Accordingly, the provincial Department of Tourism will carry out inspections and find a way to deal with hotels which advertise star ratings despite not yet being officially rated. The Department of Finance will check ratings and price listings to ensure service quality matches the prices offered to customers. Hotels found to be misleading customers would be named on the websites of the provincial Department of Tourism and the Nha Trang-Khanh Hoa Tourism Association.

Meliá Hotels International expands its presence to Ninh Binh
The Saigon Times

Meliá Hotels International has signed a management agreement with a Vietnamese ownership group, Nam Ninh Trade Investment Co., Ltd at The Reed Hotel in Ninh Binh City on rebranding of The Reed Hotel to Meliá Ninh Binh.

Four major transport projects on track for completion next year
VnExpress

Vietnam is set to complete four infrastructure projects next year, some of them after long delays lasting several years. 4 projects are Hanoi’s first metro line, Bac Giang – Lang Son expressway, Cu Mong Tunnels, Vam Cong Bridge in the Mekong Delta Region.

Open to Vietnamese, Phu Quoc Casino set to pay US$860 million tax in first 5 years
Hanoi Times

The operator of the casino-integrated investment project in Vietnam’s largest island Phu Quoc, which would be allowed to receive Vietnamese players on a three-year pilot scheme, is expected to gross a tax revenue of VND19.95 trillion (US$860 million) in its first five years of operation, according to the Ministry of Planning and Investment (MPI).

Horse racing track added to Hanoi plan
VIR

Prime Minister Nguyen Xuan Phuc has approved the addition of a multi-purpose entertainment complex–horse racing course project into Hanoi’s master plan on socio-economic development by 2020. The US$420 million project will be built on an area of more than 100 hectares in Tan Minh Commune, Soc Son District. It will also include a park, tourism and entertainment centres and many other facilities.

PM approves master plan for Lang Co – Canh Duong National Tourism Zone
Hanoi Times

Prime Minister Nguyen Xuan Phuc has approved a master plan for the development of Lang Co – Canh Duong National Tourism Zone until 2025,with vision to 2030. According to the master plan, Lang Co – Canh Duong National Tourism Zone is located in the Chan May – Lang Co Economic Zone in Lang Co townlet and Loc Vinh commune, Phu Loc district, Thua Thien-Hue province with a total of 9,490 ha. The zone is expected to welcome 1.5 million visitors, 600,000 of them will be foreigners by 2025. By 2030, the site will likely welcome 2.5 million holidaymakers, 950,000 of them are international visitors.

www.cbrevietnam.com

CBRE Vietnam Real Estate Spotlight – W52 2018

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