CBRE Vietnam Real Estate Spotlight

HCMC considers fifth metro line project, Retail sales in Vietnam hit a 4-year high, Real estate remains attractive for foreign investors, …

One New Launched:
- Athena Complex Phap Van – Hoang Mai District
  - Total units: 400 units
  - Scale: 6,088 sqm
  - Unit size: 65.5 – 92 sm (2 – 3 bedrooms)
  - Price*: from VND21 million psm
Advertisement:
- An Binh Plaza – Nam Tu Liem District
  - Total units: 280 units
  - Scale: 4,122 sqm
  - Unit size: 55 – 92 sm (2 – 3 bedrooms)
  - Price*: from VND30 million psm
- TSG Lotus Sai Dong – Long Bien District
  - Total units: 328 units
  - Scale: 3,452 sqm
  - Unit size: 71 – 121.6 sqm (2 – 3 bedrooms)
  - Price*: from VND24 million psm
- Comatce Tower – Thanh Xuan District
  - Total units: 100 units
  - Scale: 6,931 sqm
  - Unit size: 144 – 555 sqm (3 – 6 bedrooms)
  - Price*: from VND29 million psm

* Prices included VAT

No New Launch
Advertisement:
- Akari City (Binh Tan District)
  - Developer: Nam Long
  - Total units: 4,660 units
  - Scale: 8.5 ha land area
  - Unit size: 54 – 120 sm (2-3 BRs)
- Metro Star (District 9)
  - Developer: CT Land
  - Total units: 1,600 units
  - Scale: 18,337.5 land area
  - Unit size: 51 – 78 sm (2-3 BRs)

* 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

New regulations in real-estate market for 2020

NDH

Provinces and cities across Vietnam will increase new land price brackets up by 20% in the periods of 2020-24. There will also be an increase in fines, depending on the scale of the development, for developers that fail to make red books. The State Bank will also tighten credit for real estate loans.

Real estate remains attractive for foreign investors
VnEconomic Times

2019 FDI in the real estate sector drew in US$3.8 billion accounting for 10.2% of the total FDI in the country. The Ministry of Construction said growth was stable throughout the year and that a “bubble” in 2020 was unlikely. However, there are also forecasted land price hikes in certain specialized zones and residential areas.

Forbes announces 100 largest firms in Vietnam for first time
SGGP News

Forbes releases its list for the top 100 largest firms in Vietnam for the first time. The majority of the top firms where in the banking sector with Vietcombank, BIDV, and VietinBank taking the top spots. Vingroup also made it into the top 5.

Retail sales in Vietnam hit a 4-year high

SGGP News

According to the GSO, the retail markets sales of good and services in Vietnam reached US$214.8 Billion USD in 2019, representing an increase of 11.8% from the pervious year. This is the highest growth in 4 years.

Vinpearl Air seeks PM’s approval
The Saigon Times

Vingroup looks to seek approval for the development plans of their new venture into aviation with the creation of their new airline Vinpearl Air, which they hope will take its maiden flight in July.

2020 see increase in major transport projects

VnExpress

Several major infrastructure projects are set to commence development in 2020 with the hopes of improving and upgrading the countries overall poor and aging infrastructure. Many of the projects will be focused on road and bridge work to improve the overall connectivity of major cities and provinces.

HCMC considers fifth metro line project

The Saigon Times

HCMC transport authorities have proposed the use of ODA loans to begin development of phase one of the fifth metro-line while the first and second lines still face delays. The project in its first phase will be some 8.9 kilometers long, starting from Bay Hien Intersection in Tan Binh District to Saigon Bridge.

Masan to hold majority stake in merge with Vingroup’s retail arm
Hanoi Times

Vingroup and Masan have merged their retail businesses to form the country’s largest retail group. 83.74% of stakes in the company have gone to Masan after the merger. Vingroup’s VinCommerce and its farming subsidiary VinEco would merge into Masan Consumer Holdings, the consumer business of Masan. The latter would take charge of the new company.

HCMC to start work on second river bus route early next year
The Saigon Times

Work on the second river bus route in HCMC, linking Bach Dang Wharf in District 1 and Lo Gom Port in District 6, will start early next year, according to the municipal Department of Transport. The project hopes to attract passengers in order to ease congestion on the roads in the city.

Home ownership a pipe dream for Hanoi’s young professionals
Tuoitre News

Increasing housing prices make the dream of owning a home in Hanoi more unlikely for the increasing youth population who move to Hanoi to find work. Some young people might struggle to pay off mortgage loans due to high interest rates.

www.cbrevietnam.com

CBRE Vietnam Real Estate Spotlight – W1 2020

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