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CBRE Vietnam Real Estate Spotlight – W47 – 2020

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Interest rate for home loans forecast to stay low in 2021, Money still pours into real estate, Trade surplus hits all-time high of US$20.1 billion in 11 months,….


 

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    • Anland Lakeview– Ha Dong District                         
      • Total units: 606 units
      • Scale: 15,766 sqm                                                  
      • Unit size: 57 – 110 sqm (1 – 3 bedrooms)     
      • Price*: from VND 27 million psm  
    • The Matrix One – Nam Tu Liem District                                 
      • Total units: 740 units                        
      • Scale: 39.8 ha
      • Unit size: 49 – 150 sqm (1 – 3 bedrooms)                                 
      • Price*: from VND50 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     

* Prices included VAT

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    • Masteri Centre Point (District 9)  
      • Developer: Masterise Homes
      • Total scale: 10 towers                                                              
      • Unit size: 1 – 4 bedrooms

* 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

Interest rate for home loans forecast to stay low in 2021
Vietnamnews
Interest rates for home loans are expected to be kept at a low level next year to stimulate demand for real estate, which coupled with macro-economic recovery and an increase in supply is hoped to promote the housing market's development, according to a report from the securities company VNDirect. Since the outbreak of the COVID-19 pandemic in January, the State Bank of Vietnam (SBV) has slashed rates three times, in March, May and October to aid economic recovery, which helped ease the pressure of provision cost for banks and interest expenses for customers and enabled lenders to introduce stimulus packages for home purchases.
Money still pours into real estate
SGGP
Although the capital source for the real estate market has become tighter and tighter, the latest report by the State Bank of Vietnam (SBV) shows that the total credit outstanding balance of the whole economy is VND8.3 quadrillion; of which, credit in the real estate field is about VND1.6 quadrillion, accounting for nearly 20 percent of the total credit outstanding balance of the whole economy. Overall, credit in the first three quarters of this year was low, but real estate credit still posted a fairly good growth. In comparison with the real estate credit outstanding balance of VND521.82 trillion in 2019, which accounted for 6.37 percent of the industry's credit, real estate credit outstanding balance reached more than VND526.39 trillion in the first quarter of this year, nearly VND580.17 billion in the second quarter, and VND606.25 trillion by August this year.
Trade surplus hits all-time high of US$20.1 billion in 11 months
SGGP
The General Statistics Office of Vietnam has just announced that the import and export activities of Vietnam in the first 11 months of this year saw a record-high trade surplus of US$20.1 billion, despite the context that the Covid-19 pandemic continues to develop complicatedly, negatively affecting the world economy. Particularly, the 11-month total export and import turnover were estimated at $489.1 billion, up 3.5 percent over the same period last year. Of which, exports reached $254.6 billion, up 5.3 percent, and imports reached $234.5 billion, up 1.5 percent.
Vietnam’s PMI disrupted by storms and flooding
Vietnamplus
The Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped fractionally below the 50.0 no-change mark to 49.9 last month, signaling broadly unchanged business conditions during the month. A survey by newly-released IHS Markit showed that the recovery in the Vietnamese manufacturing sector paused last month as a succession of storms and associated flooding hit the country. This followed a reading of 51.8 in October and was the first sub-50 figure in three months. Output decreased slightly last month, thereby ending a two-month sequence of growth.
Vietnamese companies among the world's most optimistic: HSBC    
VnExpress
Vietnamese companies remain more positive about growth and international trade than their global counterparts, a survey has found. Fifty five percent of them remain optimistic about growth, compared to 56 percent last year and well above the global average of 29 percent, according to HSBC’s Navigator report, which polled over 10,000 companies in 39 countries and territories, including 200 in Vietnam. 
Vietnam’s investments abroad up 6.9% during Jan-Nov
Nhandan
Vietnamese investors poured a total of US$490.4 million in projects abroad in the first 11 months of 2020, up 6.9% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency. Of the amount, US$316.4 million was invested in 114 new projects, and US$174 million was added to existing ones. Meanwhile, as of November 20, foreign investments poured into Vietnam totalled US$26.4 billion, down 16.9% year-on-year. Specifically, there were 2,313 new projects with total capital of US$13.6 billion, down 33.5% in the number of projects and 7.6% in capital year-on-year. Foreign investors adjusted capital for 1,051 projects with an additional investment of US$6.3 billion, up 7.8%. They also contributed capital or purchased shares with a total capital of US$6.5 billion, down 41.8%.
HCMC’s IZs, EPZs urged to promote digital transformation
Vietnamnews
Digital transformation will help enterprises in HCM City’s industrial zones (IZs) and export processing zones (EPZs) improve their competitive advantage in global economic integration by increasing productivity and improving operational efficiency, experts have said. The city has 17 IZs, EPZs and high-tech parks covering a total area of more than 3,800 hectares with an occupation rate of 73 per cent. Over the years, the zones have played an important role and been a driving force for the city's economic growth.
Long An province revokes licences of tardy investment projects
Vietnamplus
The Mekong Delta province of Long An has recalled licences of 41 projects with a combined investment of 71.2 million USD so far this year. Consisting mostly of manufacturing and housing projects areas, they were cancelled due to reasons like slow progress, investors wanting to cease their projects, and economic challenges due to COVID-19. Huynh Van Son, Director of the provincial Department of Industry and Trade, said they included 17 FDI projects.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR MORE INFORMATION,CONTACT:

Dung Duong MRICS

Senior Director

T +84 286 284 7668

dung.duong@cbre.com

 

An Nguyen
Director

T +84 24 6288 6379

an.nguyen@cbre.com

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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