Monthly Real Estate News | January 2017 by Vietnam Realty

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Daily Real Estate News Highlights Vietnam - 03 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Experience journey to happiness with perfect utilities at Melosa Garden Cafeland The East Saigon real estate market in 2016 is one of areas with the highest absorption rates in Vietnam. With the advantage of finished utilities where customers can directly visit and experience, Melosa Garden project of Khadihouse promises to continue being Melosa Garden project an attractive destination to customers amidst many neighbouring projects. The tallest Mekong Delta building opens Talk Vietnam The Vinpearl Can Tho Hotel-the first 5-star hotel in the Southern City of Can Tho was inaugurated in the last week of December, becoming the tallest building in the Mekong Delta region. The 120-metre-high hotel also offers a high-end restaurant, entertainment, health and beauty care services. The 262-room hotel is located in a hotel-trade The tallest Mekong Delta buildcentre shopping complex that is the largest in the Mekong Delta ing region. Vingroup, Novaland, Van Thinh Phat mass launch ultra-projects in HCMC real estate market Cafef 2016 is the year for major property developers to launch their large-scale projects to the real estate market. Among them, there are noticeable names in HCMC real estate market, such as Vingroup, Novaland and Van Thinh Phat. Novaland is planning to develop an ultra-project named Me Linh Tower in the heart of District 1, and this project will be launched for sale at US$8,000 per square meter, making it the most expensive project in Vietnam up-to-date. Quang Ninh turns into a magnet on real estate redirection Bao Dau Tu STDA continues to strengthen and expand its market and it is planning to open a new facility in Quang Ninh on December 28th, 2016. STDA is a brand name trusted by many domestic and foreign investors such as Gamuda Land VN, CapitaLand, Vinhomes (Vingroup), Geleximco, Ha Do, Tan Hoang Minh and Times Garden Vietnam. Banks increase ‘dong’ interest rate to lure depositors Bizhub A number of commercial banks have increased their Vietnamese dong deposit interest rates by 0.2-0.4 per cent per year to attract depositors at year-end. VP Bank on December 21st announced that new rates and raising rates for 1 month deposits by 0.3 per cent per year to 5.2 per cent, and increasing by 0.4 per cent to 6.9 per cent per year for 12 and 13 month deposits. For market research reports, please visit our website at www.colliers.com

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2017. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 04 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Celadon City - Top most attractive real estate projects in 2016 Tuoi Tre Celadon City project, developed by Gamuda Land, has been honorably ranked one of the most attractive real estate projects in 2016 by newspaper readers, highlighting its prime location, outstanding design, utilities, connectivity, and commitment of investors. The company has launched a promotion program titled “Xuan Trao Loc Phat” for Celadon Celadon City - Top most attracCity buyers, offering 26 tales of lucky gold, 6% discount on apartment tive real estate projects in 2016 value, VND60-mln furniture package, and instalment payment within 48 months at zero interest rate. Tabudec Plaza with more attraction Bat Dong San Ha Dong District in Hanoi is currently a hotspot of the capital’s real estate market, with many projects launched for sale year-to-date. Successful projects in this time period are located not too far away from the city’s Tabudec Plaza with more center, are near populated areas, benefit from nearby infrastructure and attraction - The project are have good construction rate. Many property developers have launched expected to complete on early Q2 2017 projects for customers with real demand, such as Tabudec Plaza. Republic Plaza launched in HCM City Bizhub Thuy Duong Duc Binh Trading JSC on December 27th launched the Republic Plaza, which is expected to provide a luxurious live-work-play environment and the best investment opportunity in HCM City. Located on Cong Hoa Street, Tan Binh District, Republic Plaza is one of the most luxurious and largest mixed-use development projects under construction near the Tan Son Nhat International Airport. Securities market expects stronger growth VietnamEconomic News As of November 15th, 2016, the Vietnamese securities market’s capitalization reached US$75.61 billion, equivalent to 37.8 percent of the country’s gross domestic product (GDP). The rate is expected to hit 70 percent by 2020. Nguyen Ba Duong Chairman of the Coteccons, a listed company on the securities market, confirmed that businesses enjoyed bigger benefits as soon as they joined the market. Coteccons was a state-owned enterprise. It transformed into a joint stock company in 2004 with an initial chartered capital of VND15.2 billion and the highest revenue of VND250 billion. The company has so far earned revenue of VND20 trillion per year and is expected to grow 4050 percent in the coming years. Deserted buildings and cramped lodgings: Hanoi’s housing paradox Vietnam Investment Review A number of resettlement apartment blocks have been standing deserted in the capital city for many years now. At the same time, thousands live in highly cramped, poorly maintained lodgings. A Tien Phong (Vanguard) report lays the blame for this paradox squarely on city authorities, saying their tardiness in resolving issues related to the resettlement houses has led to this mess. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 05 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Vingroup, Vihajico, Him Lam Land change face of low-cost property market Vietnam Net The low-cost real estate market has become more competitive with big property companies that usually specialize in developing high-end products. Vingroup, Him Lam Land, Keppel Land, FLC and Vihajico well known for their luxury apartment and resort projects, all have joined the low-cost market segment, which was in Vingroup, Vihajico, Him Lam Land the past dominated by state-owned enterprises (Viglacera, HUD and Vinaconex) change face of low-cost property market and a few private-run companies (Nam Long). City Garden announced the official sale of 160 luxury condominium apartments in the Crescent Vietnam Discovery City Garden announced the official sale of 160 luxury condominium apartments in the Crescent - the fourth and final tower of the City Garden project. The apartments will be available to the public on a first-come, first-serve basis starting in the morning of Saturday November 12th, 2016, from 9am until noon. City Garden announced the official sale of 160 luxury condominium Set a little off the main road at 59 Ngo Tat To street in Binh Thanh district, City apartments in the Crescent Garden is a stone’s throw from the city centre. Among the most popular city and successful real estate projects, City Garden offers residents a one-of-a-kind sanctuary from the bustle in Ho Chi Minh City. Coastal resort projects are still dense in Nha Trang Bay Cafef The wave of property buying in Nha Trang has caused a strong rise of property prices in the city’s real estate market through 2016. Compared to early the year, the property prices have increased by one-and-a-half, or even double in some areas. The increased trade volume is mainly from condotel segment, especially coastal projects. Tam Dao has a VND3.000 bln ecological tourism project Du Lich Costing VND2.9 trillion (US$127.36 million) in its first phase, the Tam Dao 2 Ecotourism Complex project in Tam Dao District of the Northern province of Vinh Phuc will feature a park, botanical garden, art exhibition center, cinema and recreation area. The developer Sun Group said that it would make the Tam Dao Ecotourism Complex a must-visit cultural and recreational destination in Vinh Phuc, contributing to the province’s tourism development. Affordable housing will dominate! Cafef According to experts, affordable apartments will lead the market in 2017. Nam Long is a successful case study of affordable housing developer. The mid-range apartments with modern investment, affordable price, flexible payment policies and preferential loans are becoming the good choice of the young intellectuals to settle down. Flora Fuji Residence is one of them, an affordable project of Nam Long and 2 Japanese investors Hankyu Realty and Nishi Nippon Railroad attracting many customers due to its attractive price and its quality. Flora Fuji is a perfect choice; it does not just solve financial problems but it also provides a modern living space for all customers. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 06 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Hong Kong decides to sell ‘golden land’ after 20 years Bizlive According to Bloomberg, for the first time since 1996, the Hong Kong government has decided to sell a commercial land lot located in the city’s central business district. The land lot covers over 2,800sqm and is currently used as a parking lot on Murray Street. Vincent Cheung, Head of Valuation at Colliers International, said that the land The land lot is being used as lot has a value of 15.8 billion to 17 billion Hong Kong dollars. parking lot on Murray Street Real estate market busy to welcome Tet Bao Phap Luat According to statistics of real estate trading floors and realty investors, in October there were about 1,300 successful transactions in Hanoi, up 18.2 per cent against a month earlier. Along with apartment segment, villa and terraced houses also received much attention from customers. A series of urban area project developers in Hanoi opened for sale their villas, terraced houses such as D’. Le Pont D’or - Hoang Cau of Tan Hoang Minh, The one Residence D’. Le Pont D’or - Hoang Cau of Tan Hoang Minh of Gamuda urban area, Hateco, Trang An Complex (Cau Giay) and Sunsquare (My Dinh). New breeze for Nha Trang real estate Bat Dong San Condotels are forecast to continue to be the segment that rules the Nha Trang resort property market in 2017, thanks to increasing supply and overseas remittances. In the first 9 months of 2016, there are 3,200 condotels in Nha Trang handed over to buyers, higher than the ‘hot’ market of Danang. How do investment channels generate profits in 2016? Cafef Depend on the direction and surrounding infrastructure and facilities, apartments and houses have both difference prices and price increase rates. Terraced houses and villas in HCMC’s District 2 becomes a sweet spot in 2016. Housing prices in District 9 in Q3-2016 also increases 10pct q-o-q. Meanwhile, the secondary market is quite stable in District 7. Doosan Vina earns $1.21b from exports Vietnam News Doosan Heavy Industries Viet Nam (Doosan Vina) earned US$1.21 billion from the export of 349,584 tonnes of made-in-Viet Nam equipment to 28 countries and territories worldwide, so far. Chief executive officer and general director Yeon In Jung said just last year, the company exported some 22,000 tonnes with turnover of $200 million. Doosan Vina is the mega infrastructure producer of hi-tech boilers for electricity plants, contributing 4.200MW to the national power grid and 11,180M W to the world network. It is also equipment producer to thermoelectricity projects in Viet Nam. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 09 January 2017

Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Vinhomes Gardenia flexible apartments will heat up market Bizhub Property developer Vingroup have introduced convertible apartments of two bedrooms and a space meant for flexible usage at A3, The Arcadia building in the Vinhomes Gardenia project. Priced reasonably but offering a high living standard and flexibility in interior designs, the apartments are expected to elicit special attention in the market. Earlier, one-bedroom apartments with a flexible Vinhomes Gardenia flexible apartments will heat up market space had proved very successful in the mid of 2016. FLC Group to launch 1.1 billion USD project in Vinh Phuc Vietnam Economic News The second phase of the FLC Vinh Phuc Resort worth 25 trillion VND (1.1 billion USD) will be carried out in 2017. A memorandum of understanding on the project’s implementation was signed between the FLC Group and the Vinh Phuc People’s Committee at the conference to promote investment in the northern province on December 27th. The project is hoped to draw high-class tourists FLC Group to launch 1.1 billion USD and build a tourism brand for the province while calling for more investment. project in Vinh Phuc - The project is hoped to draw high-class The first phase of the project was completed with facilities such as luxury resort tourists. villas, a five-star hotel, golf and tennis courses along with children playgrounds. Remarkable events of companies in 2016 Dien Dan Doanh Nghiep Acquiring the domestic market share of the steel and steel sheet industries in Vietnam, Hoa Sen is expanding in the real estate industry with the Hoa Sen Tower project which is located right in the center of Quy Nhon City. The project is complex of a shopping mall, services, hotels, and world-class apartments. The project helps connect residential areas and makes trade convenient as well as attract tourists, etc. Real estate market 2017: Optimistic but need to be cautious Buu Dien Vietnam Sharing experience on conducting many low-income housing projects, Ngo Dinh Han, Business Manager of Nam Long Investment Joint Stock Company, said companies investing in the sector shouldn’t worry much about exits because cheap houses were always supplied at a small quantity, even it could be said that there were not enough products to sell. According to Han, cheap housing advantages are the high demands of people and the supportive policies of the government. However, companies have to have an accumulation of land and optimization of investment costs. Disbursement of housing stimulus on time Vietnam Investment Review The disbursement of the housing stimulus package, valued at VND30 trillion (US$1.4 billion) in preferential loans, will finish on schedule, according to the State Bank of Viet Nam (SBV). SBV’s statistics showed that, as of the end of November 2016, VND29.239 trillion had been disbursed, with outstanding loans remaining at VND24.116 trillion. The disbursement is now being hastened and will finish by the end of this month.

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Daily Real Estate News Highlights Vietnam - 10 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Sun Grand City Thuy Khue Residence attracts interest Bizhub Hundreds of people attended the sale release of Sun Grand City Thuy Khue Residence on December 28th, reflecting the large market interest in the luxury apartment and trade complex. The developer of Sun Group, which has to its credit a number of high-profile projects, said that many investors were interested in Sun Grand City Thuy Khue Residence and had decided to buy Sun Grand City Thuy Khue Resiapartments and live there. dence attracts interest Spanish PSH Group secures amusement park project in Thua Thien Hue Vietnam Investment Review On December 28th, the People’s Committee of Thua Thien-Hue licensed PSH Group from Spain to develop Hue Amusement & Beach Park at Vinh Thanh and Vinh An communes of Phu Vang district. In 2016 the province has attracted a number of tourism projects. Names include Vinh Thanh-Vinh Spanish PSH Group secures Xuan golf course project by BRG, Lap An Lagoon eco-tourism project by amusement park project in Thua Thien Hue Bitexco, and Bach Ma luxury resort by Myway Hospitality. Prime Minister mentioned 10 outstanding results, 9 limited things in 2016 Thi Truong Bat Dong San To take lessons from 2016, Prime Nguyen Xuan Phuc announced 10 positive results and 9 disadvantages of Vietnam about development of economy and society. On December 28th, Nguyen Xuan Phuc was leading the conference with local areas to implement the plans for next year. The Prime also talked about some achievements of Vietnam like GDP, CPI, FDI, tourism achievements, etc. Besides, he also mentioned 9 negative problems of Vietnam in 2016. Finally, he stressed on challenges and improvement of the state in coming year. Ten notable real estate events in 2016 Dau Tu Chung Khoan When other investment channels such as stock market, gold, USD, savings… are no longer attractive in 2016, real estate market is being the channel selected by many investors, thus leading to the gradually removal of project space limit. Before, southern property developers rarely introduced their products northward. Last year, such a thing became common with diverse products from apartments, land lots, office-tels, to resort properties. Vingroup chief Vietnam’s only billionaire Talk Vietnam Chairman of Vingroup Pham Nhat Vuong is still Vietnam’s only dollar billionaire and has moved up on Forbes’ billionaires list of the world’s richest people as of January 3rd. Vuong’s net worth listed on Forbes is also much higher than his total value of Vingroup JSC share which is estimated at USD1.3bln. However, Vuong is not the richest person in terms of the Vietnam stock exchange. That title rests with Trinh Van Quyet, chairman of the FLC Group. Quyet’s total assets on the Vietnam stock exchange on November 14 were valued at over USD1.4bln.

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Daily Real Estate News Highlights Vietnam - 11 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

HCMC: 20 buyers fighting to buy each affordable apartment while luxury unit sales fall Cafef The real estate market will focus on affordable and mid-range products which account for 40 per cent of newly launched apartments. Affordable apartments are likely to create new waves in the market due to the high demands. Following Vingroup and many other giants plans to launch thousands of cheap apartments in the market. Endless potential in hospitality

HCMC: 20 buyers fighting to buy each affordable apartment while luxury unit sales fall

Timeout Investors are making good returns from hospitality real estate, prompting developers, such as Vingroup, Sun Group, FLC Group, BIM Group, Eurowindow Holdings, LDG Group, and CEO Group, to pour a large amount of money into the segment. Rich families in Hanoi and Ho Chi Minh City are the main buyers of hospitality real estate. According to a recent research produced by global real estate services company on the Phu Quoc hospitality real estate market, 80 per cent of buyers come from Hanoi

Endless potential in hospitality

while the rest are from Ho Chi Minh City. Urban projects take centre stage in Ho Chi Minh City Vietnam Investment Review The development of the Thu Thiem New Urban Area in Ho Chi Minh City’s District 2 has received a jolt in the last weeks of 2016, after a sluggish fourth quarter. Thu Thiem’s development offers an opportunity to connect the eastern bank of the river with the rest of the city. With its large land bank, this is an ideal location for the development of a new financial, commercial/and residential centre for Ho Chi Minh City. The need for a new central business district (CBD) is becoming even more urgent, as the existing CBD is running short of land for development. A Change In Japanese Investment In Vietnam Saigon Times Daily Statistics obtained from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI) show that foreign direct investment (FDI) projects in Vietnam saw a boom time in 2008 when foreign investors pledged US$64 billion for the country. In that year, Japan took the third position with 105 projects totally worth US$7.28 billion. In 2007, Japanese investors undertook 154 projects with US$9.65 billion. By the end of 2010, 1,397 Japanese projects had been operational in Vietnam grossing total investment capital of US$20.8 billion, ranking them third among 91 countries and territories having projects in the country. TPBank’s pre-tax profit rises by 13% Bizhub Tien Phong Commercial Joint Stock Bank (TPBank) reported pre-tax profit of VND707 billion (US$31.1 million) in 2016, posting an increase of 13 per cent year-on-year. Its total assets reached more than VND105.8 trillion last year, increasing 39 per cent from the previous year and surpassing 16 per cent of the set target. With the positive result, the bank’s return on equity reached 12 per cent. It posted total mobilised capital of VND97.5 trillion, 41.5 per cent higher in comparison with 2015 and 15 per cent higher than the set target. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 12 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

City property market hotbed shifts from the South to the East Bizhub The focus of development for HCM City’s property market shifted from the south to the east last year. Many housing projects, both landed properties and condominiums were developed in this area, which includes districts 2, 9, Thu Duc and a part of Binh Thanh. The area has become a veritable construction site with a raft of developments such as Sala, The Sun City property market hotbed shifts from the South to the East - Sala Avenue, Lakeview City and Cantavil An Phu. Apartment Banyan Tree and AccorHotels agree a strategic partnership Timeout Banyan Tree Holdings has entered into an agreement with AccorHotels. Under the long-term partnership, both parties will collaborate to develop and manage Banyan Tree branded hotels around the world. Banyan Tree will also have access to AccorHotels’ global reservations and sales network, as well as its loyalty programme - Le Club AccorHotels. AccorHotels will Tree and AccorHotels’ invest an initial SGD24 million in Singapore-based Banyan Tree and both Banyan strategic partner parties will co-develop the brands owned by Banyan Tree around the world. Underground shopping mall Saigon Times Weekly The Government has approved the development of a shopping center at the Metro Line No. 1 underground station which is under construction in Ben Thanh Market area in the central business district of HCMC. The underground metro station and other works would cover around 45,000 square meters, including 18,100 square meters of retail space and a 21,500-square-meter public square. Gov’t urges developers to balance supply, demand Vietnam Investment Review Deputy Prime Minister Trinh Dinh Dzung asked the construction industry to tighten property development management to prevent an imbalance in supply and demand that could trigger a market bubble. Dzung said at a the Ministry of Construction year-end review conference on January 6th that construction investments should hone in on urban planning, especially in major cities such as Ha Noi and HCM City. Forex management challenges Saigon Times Weekly The National Financial Supervisory Commission has forecast that it will be hard to maintain foreign exchange stability in 2017. In its report on macro-economy in 2016 and forecast for 2017 released last week, the financial watchdog said that exchange rate stabilisation in this year will face to greater challenges as a number of major currencies in the foreign exchange basket.

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Daily Real Estate News Highlights Vietnam - 13 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Gamuda Garden urban area: Security and safety issues Kinh Te Do Thi “Our lives are being threatened by robbers” was the thought of many residents of Gamuda Garden luxury urban area, Tran Phu ward, Hoang Mai district, Hanoi when they were talking with Economy & City (Kinh Te & Do Thi) newspaper reporters. On January 7th, 2017, the residents gathered and hung theft protest banners asking the main investor to take measures to Gamuda Garden urban area: ensure the safety of the area due to the recent numerous thefts. Insecurity alarming More luxury beachfront resorts despite low occupancy rate Vietnam Net While the northern part of Phu Quoc Island is relatively quiet, the southern part is very noisy. On a road opened some years ago which connects Duong Dong town’s center and Ganh Dau Cape, there are dusty construction sites on which hotels and resorts are built. Not only in Phu Quoc, resort real estate projects have been developed continuously in the last two to three years in Da Nang, Nha Trang, Hai Phong and Thanh Hoa as well. These are cities and provinces believed to have great potential for tourism development. More luxury beachfront resorts despite low occupancy rate $100-bln megaproject of China near Singapore makes everyone frightened Cafef While costs are expensive and house prices in Singapore are too high, China is stirring up the market when launching hundreds of thousands of new apartments and making prices low. When the supply quickly exceeds the demand; to sell hundreds of apartments each month, some companies invite customers to China. Last May, AirAsia opened a straight route from JB to GuangZhou. On the first flight, 150 out of 180 seats were reserved by Country Garden for their customers. Vietnam in dire need of low-cost condos Saigon Times Daily Vietnam is predicted to continue lacking of low-cost condo units in the next 10-15 years, said real estate experts. Vietnam will face a serious shortage of budget condos in the next 10 years. Property enterprises have paid little attention to the low-cost apartment segment in HCMC and Hanoi due to small profit margins. Steel and realty carry HCM Exchange Vietnam Plus According to analysts, the real estate market was positive in 2016, but realty stocks remained almost flat and were cheap, giving them room to rise this year. Most were traded below 10,000 VND per share. However, other large-cap stocks slumped on January 7 and restrained the market, including Vinamilk (VNM), BIDV (BID), Masan Group (MSN), Military Bank (MBB) and FPT Corp (FPT). Liquidity dropped slightly with nearly 127 million shares worth a combined 2.3 trillion VND (101.3 million USD) traded in the two markets. Foreign investors were net buyers in the two markets for three consecutive days, but their net buy values decreased from 117 billion VND on January 4th to just nearly 29 billion VND on January 5th. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 16 January 2017

Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

70% of Vinhome Skylake apartments sold on launch day Bizhub VinGroup launched its world-class lakeside mansion project, Vinhomes Skylake, on January 8th. It received tremendous response, with an impressive 700 apartments - 70 per cent of the total flats being sold on the launch day. The project, which integrates leisure facilities such as skypool, four-season swimming pool, sky bar, 70% of Vinhome Skylake apartments sold on launch day multifunctional sports ground, a plaza and a school, attracted 1,500 visitors. Luxury Apartment: A developer’s quest for quality Vietnam Investment Review Since its launch to market in March 2016, Luxury Apartment has attracted attention from international and domestic visitors. This is one of a few apartment projects in the central city of Danang that can fulfill even the most critical investor’s requirement for quality Luxury Apartment: A developer’s and progress. quest for quality Island dreams Vietnam Economic Times Phu Quoc Island is becoming a popular resort destination among domestic and overseas tourists. In the first nine months its airport welcomed 1.6 million visitors, an increase of 47.2 per cent compared to the same period of 2015. Visitor numbers have increased strongly in recent times, with highspending tourists enjoying four- and five-star services. The hospitality sector on Vietnam’s largest island will see breakthroughs in 2016 and the years to come. High-end properties continue to rise in prices The Voice of Vietnam Since Q2-2016, the real estate market records the returning buying power of high-end property segment with primary prices from US$3,500 per sqm. Real estate experts forecast that high-end apartments in 2017 will occupy 3pct of total supply, up three-fold year-on-year. Meanwhile, the high-end property segment in 2016 saw a 2.6pct price increase year-on-year. Housing crisis brews in Vietnam as low-income homebuyers forgotten Talk Vietnam Industry leaders warn that the market will suffer a severe imbalance in supply if developers keep chasing after upscale buyers. Major cities in Vietnam have been told to prepare for more urban challenges ahead as the housing market is expected to fail the large number of low to middle income earners over the next 10-15 years. In the next 10 years, Hanoi and Ho Chi Minh City will still struggle with the supply-demand imbalance of affordable housing.

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Daily Real Estate News Highlights Vietnam - 17 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Introducing villa at a ‘gold-location’ in Valora Kikyo Tuoi Tre Valora Kikyo villa project cooperated by Nam Long company and Nishi Nippon Railroad will be launched on January 14th. Valora Kikyo is the product of Valora villas/townhouses of Nam Long. The price is attractive for middle-high income people at just VND7.5 billion. The project includes 100 villas built according to the standard compound (separate planning Introducing villa with ‘gold-location’ in Valora Kikyo area) with internal closed areas to ensure the security and the activities for residents. Flora Fuji - Attractive condominiums Tuoi Tre Flora Fuji - a project of Nam Long with 2 Japanese investors is high-quality with many utilities attracting many young people. The comprehensive development of East Saigon has led to increased demand for housing, particularly mid-range apartments for young people. Flora Fuji is one of the best selling projects in the East Saigon. Flora Fuji is located in District Flora Fuji 9 - an area very convenient for transport and trade development with key economic regions in the South. Promise rekindled Vietnam Economic Times The tourism sector exceeded expectations in 2016, providing a strong platform for greater development in 2017. Visa exemptions are a key factor in driving up the number of international tourists, with Avitour, for example, seeing growth of 15 per cent in European customers since certain countries became subject to visa-free policies. Visa exemptions have prompted increases in international visitors coming to Vietnam, of 13.5 per cent, 39.3 per cent, and 39 per cent year-on-year, respectively, in Ho Chi Minh City, Hanoi, and Nha Trang. Hanoi real estate 2017: Boom of land lot supply Bizlive The supply of villas and terraced housing in Hanoi in 2017 is seeing signs of prosperity. Many major property companies are developing and launching the sales of low-rise housing project, for example, Gamuda Land Vietnam currently opening for sales 300 products in the Tropical precinct at Gamuda Gardens. Hanoi market recorded 2,300 new villas and terraced housing products. In Q4-2016, there were about 800 new units. Slow rise in consumer lending Bizhub Consumer lending is seeing only a slow rise ahead of Tet (Lunar New Year), despite commercial banks offering preferential loans to both individuals and enterprises, Dau tu Chung khoan (Securities Investment) newspaper reported. Vietnam International Commercial Joint Stock Bank (VIB) is offering auto loans to customers at 7.6 per cent per year. The credit limit is up to 80 per cent of the car value and the loan is for a maximum duration of eight years. Early repayment is free of charge from the fourth year of the loan. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 18 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Valora Camellia villas and townhouses have been completed and start to be delivered Doanh nhan Saigon Valora Camellia villa project is the product lines of Valora villas/townhouses of Nam Long located in D7. Prices are set for middle-high income people just VND4.5 billion. The project includes 200 villas built according to the standard compound (separate planning area) with internal closed areas Valora Camellia villas and townto ensure the security and the activities for residents. At the same time, houses have been completed and start to be delivered the villa was inherited by dual utility from the previous urban areas such as urban square, malls outdoor trade. Hanoi apartment market: Supply declines, good absorption Vietnam Plus The apartment market is seeing declining supply, despite absorption rates being very good, say many property experts. The apartment supply in two major markets such as HCMC and Hanoi, has recorded a decrease of Hanoi apartment market: Supply 10pct, but the number of successful transactions keeps increasing over declines, good absorption months. Welcomes ‘Prosperous Spring’ Nguoi Lao Dong Phu My Hung Spring Flower festival has the largest scale of HCM City with more than 1.4 mln visitors each year, and it will choose theme `Prosperous Spring` to show up in this year. Therefore, after aquatic flowers, harvest, back to village, etc, once again, closely and simply beauty of village is honored in Phu My Hung Spring Flower Festival. The organization board of Phu My Hung Spring Flower Festival Tet Dinh Dau 2017 sincerely thanks to sponsorship and companion units, including Unilever Viet Nam, Suntory PepsiCo Viet Nam, Anh Duong Viet Nam JSC, Vinasun Taxi brand, HCMC Viettel - a branch of Viettel Group, Expo, Cresent Mall, etc. FDI ratio in real estate ranks second among economic sectors Cafef In a recent press conference on property prospects in 2017 held in Hanoi on January 10th, FDI ratio in real estate ranks second among economic sectors and it has sustainability. Even there is no any breakthrough, but resources for real estate market are still abundant, boosting growth momentum in 2017. Major realty firms to be inspected The Saigon Times The Ministry of Construction is going to inspect a dozen real estate companies, including major ones. Reportedly, among the 12 property firms to be examined are those of significant scale such as Vingroup, Sun Group, ELC, Hoa Binh Group, Novaland, Muong Thanh Group, Tan Hoang Minh Group, Bitexco Group, Empire Group, Dai Quang Minh, Phu My Hung Corporation and Nam Thang Long (Cipurtra). Each of these enterprises will undergo a month-long inspection. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 19 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Ha Noi development remains positive in Q4, 2016 Bizhub The Ha Noi real estate market saw strong development in the condominium, villa and townhouse segments in the fourth quarter of 2016 and experts predict further growth this year. 9,128 units were available for sale in 34 projects across the city last year. Hanoi real estate market in Q4 Vietnam: Trade surplus over $ 2.7 billion Nguoi Lao Dong According to the department of custom, until December 15th, total exports reached nearly USD 333.06 billion, increasing 6.4% compared to the same period last year. The trade surplus of Vietnam reached USD 2.59 billion. Total amount of FDI product exports Vietnam: Trade surplus over $ 2.7 reached nearly USD 20.47 billion. billion PM urges more MPI renovation Vietnam News Prime Minister – Nguyen Xuan Phuc has urged the Ministry of Planning and Investment (MPI) to renovate its thinking and management to better play its key role in promoting socio-economic development. Phuc said at a conference on January 11th that although renovation is difficult, it is vital, especially for the MPI, which is in charge of compiling the economic restructuring project. HCM City enterprises borrow 12.5 bln USD from banks in 2016 Vietnam Breaking News The bank – enterprise connection programme enabled around 22,000 businesses in HCM City to borrow over 280 trillion VND (12.5 billion USD) from banks last year. They had three kinds of loans available, with the city authorities acting as intermediaries for two: low-interest credit packages and loans for key sectors like agriculture, support industries, high-tech application and exports. Banks, energy firms push market up Vietnam Investment Review Shares rose on both local bourses yesterday as bank stocks bounced back on expectations for positive 2016 earnings reports and energy firms recovered on upward moves in oil prices. The benchmark VN Index on the HCM Stock Exchange gained 0.9 per cent to close at 687.16 points. The southern bourse index on Tuesday fell 0.2 per cent after rallying 2.9 per cent in seven days. The HNX Index on the Ha Noi Stock Exchange continued to advance for a fourth session, adding 0.5 per cent to end at 83.49 points. The northern market index has increased by 2.7 per cent since January 5th.

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Daily Real Estate News Highlights Vietnam - 20 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Property market: Stimulus with promotions increase Nhan Dan Hanoi Aqua Central (Tay Ho province) Project’s investors launch a promotion where 30 first house-buyers with deposits will be gifted a 100-million-worth VIP shopping card in major Hanoi and Ho Chi Minh City’s high-end shopping stores. TNR Holdings’ Goldsilk Complex (Ha Dong province) also has promoted their project similarly with a VND-230-million-worth Chevrolet Spark Van. Goldsilk Complex (Ha Dong Meanwhile, 1000 first home-buyers of Vingroup’s Long Phu Project in Vinhomes province) Thang Long (Hoai Duc district) will receive a Mercedes from A200, C200 to E400, depending on the house’s value. Figures show that the affordable housing market is wide open for Vingroup Cafebiz Properties supplied for the low market niche decreased to 71% compared to last year. Vingroup’s new properties for this niche only serve 11% and the market is still wide open. According to Vingroup, it is building and selling 200,000 to 300,000 apartment units at averagely VND 700 million per unit in the next 5 years. Mid-range houses are of highest demand in Hanoi with 56% and Ho Chi Figures show that affordable housing market is wide open for Minh City 48%. Vingroup Foreign capital flowed into real estate Thoi Bao Kinh Te Vietnam According to experts, the reason why Vietnam real estate market is attractive to foreign investors - Japan, South Korea and Singapore – Vietnam’s business environment has been improved significantly, creating better comparable advantages against other regional countries. There are also two other factors: the first is the forecast on the fast-growing middle-class in Vietnam, which has the faster growth rate in Southeast Asia, said HSBC Vietnam. The second is that Vietnam government has approved foreigners to own housing in Vietnam, thus boosting the high-end segment. 2016 sees only 2-3pct increase of apartment prices in Hanoi Cafef At the press conference to review Q4-2016 of Hanoi real market and potential in 2017, Q4 recorded the peak of both numbers of apartments launched for sales and of new projects. In accordance, 9,128 apartments were sold at 34 projects in the whole city. The Western area continued to be the main supply with 37pct of the number of apartments. In 2017, the real estate market witnessed price rising in apartment segment. However, the average price increase rate of the whole market is only 3-5pct. Hanoi: high- and mid-end segments overwhelm affordable one Bizlive Positive macroeconomic factors – positive GDP growth, stable exchange rate, abundant FDI supply flowing into Vietnam from Japan, South Korea, Singapore – will help the apartment market to maintain its attractiveness in upcoming time. The Western of Hanoi is forecast to continue ruling in term of the quantity of newly-launched apartments. However, major projects are currently executed in various area of the city. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 23 January 2017

Colliers International’s Residentail Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Riverside Garden - Celebrate customers support with numerous promotions Bat Dong San Riverside Garden has an over-VND100-million-worth promotion where its home-buyers will receive Hitachi Side-by-side Fridge 510L, 40-inch full HD Sony Internet TV, Sharp microwaves 22L, and Liberty ABS 2016 motorbike when depositing for house purchasing until the Appreciation Day in Jan 15, 2017. Sold at VND 26 million Riverside Garden - Celebrate per square-meter with golden location in Hanoi’s centre (Thanh customers support with numerous promotions Xuan district). Celebrate your holiday at Imperial Plaza Giai Phong with a SH stylish Nguoi Dua Tin Celebrate your holiday at Imperial Plaza Giai Phong with a stylish SH promotion will apply for Imperial Plaza 360 Giai Phong home-buyers from Jan 09-15, 2017 where they have chance to win VND 51 million worth SH motorbike. Invested by Thang Long Trade and investment Celebrate your holiday at Imperial Plaza Giai Phong with a SH stylish Corporation, 3.7ha-wide and 34% of the area built. Lotte spent at least USD 300 million on Ciputra Hanoi Mall, Hanoi’s largest department store Tin nhanh chung khoan Ciputra Hanoi Mall, 7.3ha wide and located on Vo Chi Cong street, which is the first largest foreign-invested project (by Ciputra Corporation from Indonesia and Hanoi Urban Infrastructure Corporation with over USD 2.1 billion) in Hanoi. According to a recent report on The Economist (England), Lotte is sleeping on the idea of becoming one of the largest hyper-corporations in Asia in the up and coming years with Samsung and Toyota in the face of as-slow-as-a-snail Korea domestic growth. As a result, it has been spending and investing abroad, such as Lotte Hanoi Centre - Vietnam’s second tallest building, with USD 500 million in total capital. Let’s find out JW Marriott Phu Quoc Emerald Bay’s first-ever visitors Thanh tra From December 21-25, Sun Group’s celebration program Sunset at sea brought 400 first customers and their families to the 5-star JW Marriott Phu Quoc Emerald Bay while featuring a music show starred with many famous Vietnamese singers. Banks energy firms push market up Vietnam Investment Review Shares rose on both local bourses yesterday as bank stocks bounced back on expectations for positive 2016 earnings reports and energy firms recovered on upward moves in oil prices. The benchmark VN Index on the HCM Stock Exchange gained 0.9 per cent to close at 687.16 points. The southern bourse index on January 10th fell 0.2 per cent after rallying 2.9 per cent in seven days. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 24 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

High-end real estate projects: Value degrading due to insecurity Cafeland In early 2017, high-end condo projects have confronted a series of scandals, concerning customer sentiment. Most recently, a robbery case occurred at Gamuda Garden urban area which has been advertised ‘most worth living’ in Hanoi despite the 24/7 protection. High-end real estate projects: Value degrading due to insecuWhat are interesting things of Phu My Hung spring flower rity festival? Phap luat TPHCM On the morning of Jan 11th, the organisation board of Phu My Hung Spring Flower Festival has announced that the spring flower festival and spring flower road from lunar 23th to 6th Tet Dinh Dau. This year, Spring Flower Festival in Phu My Hung includes four main areas which are Ngay moi, Vuon xuan, Ben xuan and Gop xuan. At What are interesting things of Phu My Hung spring flower Gop xuan areas, exhibiting artworks about flowers, trees of artisans, festival? farmers from many localities. Traffic congestion in Hanoi worse than in HCMC Saigon Times Daily Hanoi’s traffic conditions are just behind those in Jakarta of Indonesia, Bangkok of Thailand and Shanghai of China, which are known for severe traffic jams. The survey found that it took an average of 45 minutes to travel through a congested road in Hanoi while the same distance in HCMC required 30 minutes. “Special” law to boost bank restructuring Bizhub The State Bank of Viet Nam (SBV) will co-operate with relevant agencies to map out a “special” law to boost bank restructuring and settle bad debts in 2017, according to SBV Governor Le Minh Hung. He said that the new law on supporting banking sector restructuring and resolving bad debts would mention all legal regulations related to the activity. Obstacles in the existing legal regulations would also be addressed under the new law to remove hindrance in resolving bad debts. Finance stocks push VN Index down Vietnam Plus The VN Index, Viet Nam’s benchmark stock index, yesterday declined the first time after rallying for seven consecutive trading days. The southern bourse was driven down by financial-banking stocks, which retreated from previous gains. Those included Vietcombank (VCB), Vietinbank (CTG), Eximbank (EIB) and Bank for Investment and Development of Viet Nam (BID). The real estate sector was also negative, including HCM City Infrastructure Investment JSC (CII) and Vingroup (VIC) among decliners. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 25 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Five-star hotel opens in Buon Ma Thuot Bizhub The Muong Thanh Hotel Group officially opened a five-star hotel in Buon Ma Thuot City, the central highlands province’s capital, to serve tourism development in the province. It’s also the 47th hotel and resort that the biggest private hospitality group in Viet Nam has Five-star hotel opens in Buon developed in the country. Ma Thuot Outstanding advantages of Saigon South Plaza Tuoi Tre Saigon South Plaza, invested by Vinaland and developed by Do Thanh Land, is an ideal selection for home-buyers who want to live in a convenient location. The project locates in a lively commercial area between Phu My Hung Township and District 7, which is the gathering of many major companies such as Manulife, HSBC, Agribank, Phu My Hung and lively trade centers, hotels as Crystal Outstanding advantages of Saigon South Plaza Place, Crescent Mall, Citimart, etc. A Grade offices in Hanoi sees 5pct down in prices, while B Grade reaches US$18 per sqm per month Nguoi Dong Hanh The current supply of office for lease in Hanoi has reached nearly 1.2 million square meters. Additionally, Hanoi now has a supply of 758,216 square meters of retail floor, with three noticeable projects launched. Unsuccessful trade centers have to shut down, move away or rearrange in order to improve business. This emphasizes the importance of confirming sectors, customer targets and tenant structure. Giant Foreign Retailers Flood into Vietnam Vietnam Business Forum Many retailers from Thailand, Japan and South Korea have opened distribution systems in Vietnam and vied for bigger bites in this high potential market. The competition among the domestic and foreign distributors is becoming fiercer. And, the advantage seems to be in the hands of foreigners. However, Vietnamese retailers have proven that they do not flinch before the massive influx of giant foreign retailer. Vingroup is completing its campaign to open 500 supermarkets and 8,000 convenience stores branded Vinmart. Property weathers the storm Vietnam Investment Review Regardless of global uncertainties, domestic policy changes and market fluctuations, Vietnam’s real estate market will continue growing in 2017 thanks to a plethora of driving factors, according to Associate Professor Tran Kim Chung, deputy director of the Central Institute for Economic Management (CIEM). For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 26 January 2017

Colliers International’s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Local investor agree strategy deal with foreign partners Bizhub The Empire property investor has inked a strategy co-operation deal with Dream Hotel Group of the US and Louvre Hotels Group of France for Empire hospitality management in Viet Nam. Deputy General Director of Empire Group, Trinh Viet Hung said the agreement will Local investor agree strategy deal help the group operate hospitality projects in Viet Nam. with foreign partners - Cocobay Danang Detached villa Valora Kikyo sold for VND7.5 bln Thoi Bao Kinh Te Saigon The HCM city real estate market has welcomed a new project: Valora Kikyo closed separate villas developed by Nam Long and its Japanese partner Nishi Nippon Railroad. The project is located in District 9 area, very convenient for transport and business development. The Detached villa Valora Kikyo sold for Valora Kikyo project will be open for sale from VND7.5bln on January VND7.5 bln 14th, 2017. Tourism project gets green light Saigon Times Daily Trung Thuy Group Corporation has got the green light from the HCMC government to develop a tourism project on the Tau Hu-Ben Nghe Canal. Duong Thanh Thuy, chairwoman of the corporation, said the project would require some VND150 billion (US$6.65 million). The investor would use 25-meter-long ferries to set up a recreational site on the canal. The site would be divided into smaller sections presenting the past and present features of Saigon, such as coffee shop, famous persons, street food and public activities. Formosa Allowed to Import Coal, U.S. Investment Fund to Expand Operation in Vietnam Bizlive Vietnam’s retail market in general and Hanoi in particular expect to see more entrance and further investment, especially from foreign retailers. Both Japanese and Chinese retailers have expressed their growing interest in Vietnam. Thai retailers have recently made major moves through two notable tractions. WB forecasts global economy will grow at 2.7 percent Thoi Bao Ngan Hang According to “Global Economic Prospects report 2017”, The global economy will accelerate slightly in 2017 to 2.7 percent, that is down from the bank’s June forecast and for 2.9 percent growth in 2018, but it was faster than estimated 2.3 percent growth in 2016. It expected the emerging market and developing economies to grow 4.2 percent in 2017 and 4.6 percent in 2018, a pickup from 3.4 percent in 2016. It forecast the advanced economies to grow 1.8 percent both in 2017 and 2018, slightly up from 1.6 percent in 2016. For market research reports, please visit our website at www.colliers.com

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