CBRE Vietnam Real Estate Spotlight – W18

Tax policies for property sector must be carefully studied: Ministry, Lack of legal corridor results in stagnant renovation of old apartments, Dau Giay – Phan Thiet expressway takes shape, …

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- Hateco Laroma – Dong Da District
  - Total units: 281 units
  - Scale: 3,153 sqm
  - Unit size: 80 – 140 sqm (2-3 bedroom)
  - Price*: from VND 55 million psm
- FLC Premier Parc (Hausman) – Nam Tu Liem District
  - Total units: 548 units
  - Scale: 17,609 sqm
  - Unit size: 51.6 – 82.3 sqm
- Xanh Villas – Thach That District
  - Total units: 341 units
  - Scale: 45 ha
  - Unit size: 200 – 1,400 sqm (Villas)
  - Price*: from VND 25 million psm

* Prices included VAT

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- Lumière Riverside (District 2)
  - Developer: Masterise Homes
  - Total units: 4 towers
  - Unit size: 1 – 4 bedrooms, Shophouse, Duplex, Penthouse
- Masteri Centre Point (District 9)
  - Developer: Masterise Homes
  - Total units: 10 towers
  - Unit size: 1 – 4 bedrooms
- King Crown Infinity (Thu Duc District)
  - Developer: Gia Khang
  - Total units: 2,000 units
  - Unit size: 53.8 – 102.8 sqm

* 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

Tax policies for property sector must be carefully studied: Ministry
Vietnamplus

		Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation, according to the Ministry of Finance. This was the ministry’s response to a proposal from the Ho Chi Minh City Real Estate Association that the Government should tax the conversion of agricultural and non-agricultural land to residential land at a rate of about 15-20 percent

Lack of legal corridor results in stagnant renovation of old apartments
SGGP

		Time has taken its toll on old buildings in Ho Chi Minh City and most of them have fallen into disrepair. Residents living in fear in such dilapidated old apartments. Despite governments’ efforts to renovate these old buildings, lack of legal corridors resulted in a stagnant renovation of old apartments. Vinh Hoi apartment building in District 4 is classified at level D, the dangerous level. The outer walls of the 4-story high building are covered with thick moss. More dangerous, over time, the ceilings of the apartments have been damaged, revealing concrete and steel.

Dau Giay – Phan Thiet expressway takes shape

VnExpress

		After seven months of construction, the Phan Thiet – Dau Giay expressway project is scheduled for completion by the end of 2022. The Phan Thiet – Dau Giay expressway will span 99 kilometers, a surface breadth of more than 32 meters, with six lanes and allowing a top speed of 120 kph. Started at the end of September 2020, the VND12,500 billion ($543 million) project is expected to complete by the end of 2022.

Can Giuoc District becomes attractive destination for investors

SGGP

		With a favorable geographical location, abundant land resources, well-invested infrastructure, and an open investment environment, in recent years, Can Giuoc District of Long An Province has become an attractive destination for many domestic and foreign investors. Can Giuoc is only about 20 kilometers from the center of Ho Chi Minh City. Besides the increasingly completed road traffic routes, there is also the Can Giuoc river route that connects the Mekong Delta provinces with Ho Chi Minh City and the Soai Rap River passing through Can Giuoc District to the East Sea. With the completion and operation of the waterway system from Can Gio Ferry Terminal connecting Can Giuoc with Ho Chi Minh City, and the Long An International Port with nearly 100 vessels docking every day, Can Giuoc has been turned from a difficult countryside in every way to become a land full of potential.

Ba Ria-Vung Tau expanding IPs to welcome investment

Vietnamnews

		New waves of investment coming to the southern province of Ba Ria-Vung Tau are predicted to increase demand for land rentals at local industrial parks (IPs), which in turn will need to be expanded. According to the provincial IPs management board, the province is home to 16 IPs covering a total area of 9,054ha. Together they house 469 projects worth more than US$20.09 billion, with occupancy rates at 52.35 per cent.

Vietnam’s digital economy to hit US$52 billion by 2025
SGGP

		Vietnam’s digital economy will likely reach US$52 billion in value by 2025, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain & Company. With the gross merchandise value (GMV) of its internet economy accounting for over 5 percent of the country's GDP in 2019, Vietnam is emerging as the most digital of all economies in the region, the report said. Last year, the Vietnamese internet economy continued to record double-digit growth, at 16 percent year-on-year, the highest in Southeast Asia. The report noted all sectors except travel continued to grow in 2020, of which transport and food, and online media grew 50 percent and 18 percent compared to 2019. Only online travel dropped 28 percent in terms of GMV, but is expected to grow 25 percent by 2025.

Viet Nam News Economy Bamboo Airways gets ready to launch Viet Nam-US direct flights
Vietnamnews

		Bamboo Airways is finalising preparations to operate regular direct flights from HCM City to San Francisco and Los Angeles of the US, starting September 1, 2021. Besides asking for permits, the carrier is training pilots and crew members, while finalising the preparation of other necessary conditions for the operation of the route. Bamboo Airways received a permit from the US Department of Transportation to carry passengers and cargo to the country last year.

Foreign investors maintain interest in Vietnam
Vietnamplus

		Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal. In early April, the SK Group of the Republic of Korea announced the signing of an agreement with the Masan Group Corporation to acquire a 16.26 percent stake in VinCommerce, a Masan subsidiary, for a cash consideration of 410 million USD. Japan’s Sumitomo Mitsui Finance Group (SMFG) then outlaid 1.37 billion USD for 49 percent of FE Credit.

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

CBRE Vietnam Real Estate Spotlight – W18 – 2021

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