CBRE Vietnam Real Estate Spotlight

Businesses adopt remote working as new coronavirus clocks in, Circa 500 transaction centres close due to real estate downturns, Japan helps promote investment in Ben Tre

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- Le Grand Jardin – Long Bien District
  - Total units: 1,120 units
  - Scale: 5,800 sqm
  - Unit size: 49.87 – 105.09 sqm (2 – 3 bedrooms)
  - Price*: from VND28 million psm
- The Zei – Nam Tu Liem District
- Total units: 891 units
- Scale: 7,700 sqm land area
- Unit size: 84 – 106 sqm (2 – 3 bedrooms)
- Price*: from VND40 million per sqm
- Total units: 368 units
- Scale: 6,822 sqm
- Unit size: 91.2 – 150.3 sqm (2 – 3 bedrooms)
- Price*: from VND30 million psm
- Stellar Garden – Thanh Xuan District

* Prices included VAT

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- West Gate Binh Chanh (Binh Chanh District)
  - Total units: 2.000 units
  - Scale: 4 blocks of 20 floors each
  - Unit Size: 2BR (59-70 sqm), 3BR (85-113 sqm)
  - Price: from 1.8 bil VND

* 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

Vingroup sets foot in industrial park development

VIR

Jumping in industrial park development will help Vinhomes, a member of Vietnamese conglomorate Vingroup, make a definitive step towards sustainable development by covering the three key areas residential, office, and industrial park property.

Sales at supermarkets surge, wet markets drop
Vietnamnews

Due to the impact of the COVID-19 pandemic, the demand for essential goods increased. The number of customers shopping at supermarkets increased over the same period last year. They mainly shop for essential foodstuffs, such as livestock and poultry meat, eggs, instant noodles, and vegetables. Due to the sudden growing demand, distribution systems have increased stockpiles to meet the needs of shoppers. The volume of goods stocked for epidemic prevention and control increased by between 30 per cent and 40 per cent.

Vietnam central bank may cut rates to support virus-hit businesses
Tuoitrenews

The virus, which has killed more than 4,900 people worldwide, has left firms in Vietnam’s manufacturing industry suffering material shortages due to supply chain disruptions. Companies operating in the agriculture, tourism and transport industries have also been hit hard, leaving several local banks with rising bad debts.

Japan helps promote investment in Ben Tre

Nhandan

The MoU focused on setting up a climate-resilient agricultural value chain and aims to develop human resources for agricultural development and investment promotion, particularly through Japanese cultural exchanges and language training. Under the MoU, a working group composed of members from the public sector, enterprises and civil society organisations in the province will be organise.

Bac Giang eyes US$1 billion in investment in 2020
Nhandan

The northern province of Bac Giang set a target of attracting US$1 billion in both newly-registered and additional investment in 2020, Director of the provincial Department of Planning and Investment Trinh Huu Thang has said. In the industrial field, the province gives the priority to luring investment in Quang Chau and Hoa Phu industrial zones and industrial clusters of Bac Giang city and Viet Yen, Yen Dung, Luc Nam, Lang Giang, Tan Yen and Hiep Hoa districts, and in the fields of mechanical engineering, manufacturing, electronics, power generation, garment and textiles and support industry.

Circa 500 transaction centres close due to real estate downturns
VIR

Circa 500 transaction centres close due to real estate downturnImpacted by slow project approvals and the COVID-19 epidemic, around 500 of the total 1,000 real estate transaction centres were partially or fully closed nationwide in the first two months of this year. For projects which were eligible for launch, developers still had to cancel plans because such events have been banned and buyers would not come due to the COVID-19. Not being able to launch new products left developers and brokerages without profit and thus without funds to pay salary and operation expenses.

Coronavirus claims one more victim: auto sales

VnExpress

Car dealers are reporting plummeting sales as the coronavirus epidemic keeps prospective buyers away from showrooms. Car sales in the first two months fell 27 percent year-on-year to 31,908 units, with the strongest drop, 30 percent, being in the below-nine-seat segment, according to the Vietnam Automobile Manufacturers Association (VAMA). Domestic automaker Truong Hai Auto (Thaco) retained the top, but saw its sales dropped 26 percent year-on-year to 10,740 units.

Businesses adopt remote working as new coronavirus clocks in

VnExpress

Hanoi and Saigon companies are letting staff work from home as Vietnam records a series of new coronavirus patients in less than a week. Many companies in Hanoi have let their employees work from home this week after Vietnam confirmed its 17th coronavirus patient on Friday and another 17 since, most were passengers on a flight from London to Hanoi on March 2.

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CBRE Vietnam Real Estate Spotlight – W10 2020

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