CBRE Vietnam Real Estate Spotlight

Real estate firms issue bonds to raise capital, Hanoi explains why projects of five satellite urban areas development have been delayed, Centara unveils ambitious target for 20 more Vietnam hotels by 2024…

Two New launched:
- Golden Park Tower (Cau Giay District)
  - Total units: 368 units
  - Scale: 4,576 sqm land area
  - Unit size: 82.6 – 132.5 sqm (2 – 4 bedrooms)
  - Price*: from VND38.5 million per sqm
- HDI Tower (Hai Ba Trung District)
- Total units: 76 units
- Scale: 1,993 sqm land area
- Unit size: 76 – 116 sqm (2 – 3 bedrooms)
- Price*: from VND75 million per sqm
Advertisement:
Cau Giay Center Point (Cau Giay District)
- Total units: 329 units
- Scale: 4,166 sqm land area
- Unit size: 52 – 126 sqm (2 – 3 bedrooms)
- Price*: from VND36 million per sqm
TSG Lotus Sai Dong (Long Bien District)
Total units: 328 units
Scale: 1,020 sqm land area
Unit size: 71.5 – 386 sqm (2 – 5 bedrooms)
Price*: from VND25 million per sqm

* Prices included VAT

No New Launch
Advertisement:
- Signial (District 7)
  - Developer: An Gia Corp & Creed Group
  - Total units: 1,150 units
  - Scale: 63,000 sqm land area
  - Unit size: 39.6 – 40.6 sqm (1 bedroom)
  - Price*: from VND1.2 billion/ unit (recorded on Tuoitre newspaper posted on May10)

* 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, Tuoitre, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, VnExpress

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

An Nguyen
Director

T +84 24 2220 0220

an.nguyen@cbre.com

Keppel Land, Vietnamese developer to build residences in HCMC

The Business Times

The land parcels span 6.2 hectares in the Nha Be district in Saigon South and are situated within 400 metres of each other. The partners plan to develop a total of about 2,400 premium apartments – with ancillary shophouses that will offer around 14,650 square metres of commercial space – on the sites. The total development cost for the project, inclusive of land cost, is expected to be in excess of VND7,400 billion, said Keppel Land.

Vietnamese conglomerate Vingroup launches airline unit

Deal Street Asia

After receiving a whopping US$1-billion investment from Korean chaebol SK Group, Vietnamese conglomerate Vingroup is venturing into the aviation industry by launching an airline unit. Vinpearl Air is the latest 1.3 trillion dong (US$56-million) subsidiary from the house of Vingroup, according to Vietnam’s business registration authority. Vingroup’s subsidiary VinAsia Tourism Development owns 45% stake in Vinpearl Air while the balance stake is held by related persons.

Centara unveils ambitious target for 20 more Vietnam hotels by 2024

TTG Asia

Targeting a fast expansion of its hotel portfolio in Vietnam, Centara is eyeing destinations in the country’s main economic hubs such as HCMC, Hanoi and Haiphong, and other high-growth areas like Danang, Phu Quoc, Nha Trang, Cam Ranh and Hoi An. Centara says there are opportunities to expand all six of its brands in Vietnam, namely Centara Grand, Centara, Centara Residences & Suites, Centara Boutique Collection, Centra by Centara and its latest concept, Cosi, for freedom-loving and tech-savvy travellers.

Sumitomo taps logistics demand as production shifts to Vietnam

Nikkei Asian Review

Japanese trading house Sumitomo has invested in a major Vietnamese port operator, aiming to seize growing demand for logistics services as manufacturers shift production to the Southeast Asian country amid the yearlong U.S.-China trade war.

North-South high speed railway can cost US$32 billion less: Ministry

VnExpress

The Ministry of Planning and Investment (MPI), using calculations of experts from the Netherlands and Germany, said that by optimizing the route and reducing the length of the railway, the railway will cost US$26 billion. It would be much lower than the US$58.7 billion estimated by the Ministry of Transport (MoT) earlier.

Hanoi explains why projects of five satellite urban areas development have been delayed
Hanoi Times

Hanoi People`s Committee admitted that the city’s investment in construction and development of satellite urban areas is facing with many shortcomings, making the issue of overpopulated downtown areas unsolved.

Real estate firms issue bonds to raise capital
VIR

As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue bonds to fund their business.

Da Nang attracts US$542 million of foreign investment in H1

VIR

More than US$542 million of foreign capital was invested in the central city of Da Nang in the first half of this year.

Fierce competition in retail property scene

VIR

Although e-commerce is evolving rapidly, 90 per cent of retail revenue comes from shops and shopping centres, which made the real estate segment for retail leasing vibrant.

www.cbrevietnam.com

CBRE Vietnam Real Estate Spotlight – W28 2019

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