Monthly Real Estate News | June 2016 by Vietnam Realty

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Daily Real Estate News Highlights Vietnam - 01 June 2016

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.

Important points to note before investing in coastal properties Vietnam News

In reality, there is up to 90% of coastal resorts available. To get successful investment, customers are recommended to select the location as well as the project owner carefully. In this market, Mövenpick Villas, is one of the most promising investments. Mövenpick Villas meets the most important criteria for coastal villas; a “unique” beachfront design in Vietnam. Rebounding market sees high sales in premium properties

Mövenpick Villas Project

As the Vietnamese residential property market picks up, buyers arespending millions of dollars snapping up luxury properties. While we are seeing more launches of high-end apartments, particularly in the central business district and exclusive residential neighbourhoods such as Thao Dien, the luxury segment in the Ho Chi Minh City property market is still undersupplied. City residents decry threat of eviction

The Luxury Project in HCMC

Vietnam Investment Review

Bizhub

Nearly 2,000 residents living in an apartment building in HCM City’s Tan Binh District are concerned about a bank’s plan to take back the property because of overdue loan payments from the building’s investor. About 600 families could be forced to leave their apartments for which they have already made full payment. Brokerage, property firms lift local markets this morning Bao Moi

Vietnamese shares bounced back this morning from the recent falls as securities and property firms attracted attention from investors. Real estate traders recorded good gains, including Vingroup JSC (VIC), Tan Tao Investment Industrial JSC (ITA) and Kinh Bac City Development Share Holding Corp (KBC). VinaCapital decreases real estate holdings Bao Moi

Now that they are again making profits following the recovery in the market, many real estate companies are calling for the scrapping of a tax provision they describe as “unfair” and “discriminating.” They are unhappy about the rule that prohibits them from offsetting losses in other businesses against profits in their real estate business. This restriction applies only to the property business.

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. ©2015. All rights reserved. vietnam.media@colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 02 June 2016

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.

Announce preliminary list of Vietnam Property Awards 2016 Ashui

It’s time to congratulate candidates named in the preliminary list of Vietnam Property Awards 2016, the only and most reputable award in the country. Among them, Camellia is honoured as ‘The Best Housing Project - HCMC’, while Celadon City is named as ‘The Apartment Project with Best Landscape Architecture’. If you have VND2bln, you can buy home at these projects

Camellia Project

Cafef

With a budget of VND2bln, home-buyers can take reference on some apartment projects located in South Hanoi, mainly Hoang Mai District, such as The Two Residence - Gamuda Gardens, The One Residence, etc... These apartments are being traded in the market at prices from VND20mln per m2. Urbanisation boosts demand for real estate

The Two Residence Project

Vietnam Net

Rising demand in Viet Nam’s residential segment is expected to sustain solid growth in the construction industry, though delays to accompanying infrastructure projects and tighter credit conditions could slow the pace of development. The metro network is a key component in establishing a competitive, centralised retail zone. Vingroup assigned for construction investment research of Saigon Safari Thanh Nien

HCMC People’s Committee recently approved to hand the Saigon Safari project (Cu Chi District) to Vinpearl, so that the company can research the project. Vinpearl is requested to develop a 1/2000 planning, propose two to three solutions, and work together with related authorities, and reported to the committee in June 2016. World Bank pledged $119m for urban water project Vietnam Net

Approved by the WB Board of Executive Directors in May 2011, the project includes 14 subprojects across 10 provinces with an average population size of 100,000 in the urban centres. The project includes 14 subprojects across 10 provinces with an average population size of 100,000 in the urban centres.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 03 June 2016 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.

The Breakthrough of Gotec Land Cafef

Having a prime location, high-end investment critria, and full of sufficient premium utilities but at an affordable price. Those are elements that enhance the attraction of Summer Square appartment invested by Gotec Land in the west of the city at the moment. In mid Jun, there will be an official grand opening cecremony of the model apartment of the Summer Square. Attached villas in thr Southwest Hanoi attract clients

Summer Square Appartment

Bao Dau Tu

Thanks to finishing infrastructure, Ha Dong District in Hanoi real estate market has become an area that gathers new villa and terraced housing projects. Property prices at the area have risen sharply. Notably, not only large-scale projects, but smaller ones benefiting from good infrastructure and convenient traffic also enjoy high absorption rate. Some notable projects are Phu My Dream Home,and Five Star My Dinh. Japanese spot rising star of Vietnam’s realty market

Five Star My Dinh Project

Vietnam Investment Review

Japanese investors are continuing to take advantage of Vietnam’s real estate market opportunities with new projects from both new and existing developers as the Vietnamese market now is similar to Japan’s over 30 years ago and the middle segment will grow stronger. Therefore, the firm plans to focus on this segment and is seeking more partnerships in Vietnam. Order on 3 basement floors in high-rises ‘unreasonable’ Bizhub

Facing with a severe shortage of parking space, Ha Noi recently issued a regulation that high-rise building projects and trade centres must have at least three basement floors for parking. This may cause a lot of difficulties for property developers and threaten to block property investment and development. The only area allowed to contruct over 50-floor building Dau Tu Bat Dong San

People’s Committee of Hanoi has issued the Decision on Promulgating the Regulation on management planning, architecture of high-rise buildings in the historic inner-city areas of Hanoi. There are only 2 positions built over 39 floors: Giang Vo Exhibition area (50 floors) and 29 Lieu Giai Area (45 floors) and both the 2 plots are now owned by Vingroup.

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Daily Real Estate News Highlights Vietnam - 06 June 2016

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.

Danang Resort Villa costs up to $2 million Tin Tuc Bat Dong San

Following the real estate consulting company, the offer price of villas market in Da Nang has currently ranged from $250,000 to $2 mn. The majority of successful transactions are made from these project: Furama Pool Villas, Premier Village Da Nang, Naman Residence.. with a commitment to profit from the leasing commitment program. Ho Tram – Golden Key for Investment

Premier Village Da Nang

Dau Tu Bat Dong San

Beautiful beaches, developing infrastructure with sufficient premium utilities, especially just taking 2 hours to drive from Ho Chi Minh City. Ho Tram becomes the “new resort paradise” with the breakthrough investing value. Ho Tram is expected to welcome 3 million visitors and need 8,000 rooms in the next 3 years. When foreign investors leads properties

The Project in Ho Tram

Thoi bao Ngan Hang

Changes in policy, which allows foreigners to own housing in Vietnam, have attracted the attention of foreign home-buyers. Many foreign investors have actively participated in seeking and purchasing apartments in Vietnam, especially ones from Singapore and Hong Kong - markets that are entering the period of major modification due to declining demand. Investor cooperates with main contractor and distributor Thoi Bao

Last week, there was one notable event in HCMC real estate market: Khadihouse has signed two agreements to become strategic partner with the contractor and the distributor. The time when real estate market prospering is also the time we witness the partnership between parties in the property sector, in order to take advantages of each other to not miss ever-growing opportunities in the market. No more pay-TV monopoly at Hanoi high-rise buildings Van Ly The Saigon Times

Pay TV and internet services providers can no longer have a monopoly at publicly and privately funded residential and office towers in Hanoi from June 5, offering residents and tenants a wide range of choices for services. The new decision requires developers to use at least two telecom firms or a backup one in each building block. Telecom systems must be user- and technician-friendly.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 07 June 2016

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.

Dai Phuoc Lotus -“Sentosa of Ho Chi Minh City” Dau Tu Bat Dong San

Dai Phuoc Lotus, dubbed the “Sentosa of Ho Chi Minh City” by the real estate community, boasts easy travel, luxurious housing and facilities, as well as a huge potential for profit. Offering a luxurious and modern lifestyle surrounded by lush greenery, Dai Phuoc Lotus combines the best in ecological planning, creative design, and modern living comfort. Honeywell Smart Home solutions coming to Vietnam

Dai Phuoc Lotus Project

Vietnam Investment Review

Vietnam’s macro trends that include sustainable urbanisation, clean energy, and a rising middle class provide Honeywell with unprecedented opportunities for developing and delivering innovative “connected” products, services, and solutions in Vietnam that help address the country’s challenges intelligently.

Honeywell Smart Home

Disappearing social housing projects Vietnam Net

According to the reports on real estate market in Q4-2015 and Q1-2016, after one year seeing high-end apartment segment booming liquidity, affordable apartment segment will be more noticeable in 2016. However, social housing segment is struggling, especially after the news on the upcoming expiration of VND30 trillion housing package. Banyan Tree’s luxury resort takes shape Vietnam Investment Review

Singaporean developer Banyan Tree Holdings intends to build six more hotels in the Laguna Lang Co resort complex over the next few years. Asides from six more hotels, we are developing more vital infrastructure. Laguna Lang Co hopes to be a highlight of tourism in the central part of Vietnam, turning Lang Co into a famous tourism destination just like Laguna Phuket of Thailand. VietinBank: Giving strength for supporting industries Bao Dau Tu

Vietinbank with the role of large joint-stock commercial bank having total assets of VND more than 800 trillion and investment loans of more than VND 740 trillion has always accompanied and timely provided capital for local businesses and international enterprises in Vietnam. Especially, VietinBank is one of the leading banks in providing.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 08 June 2016

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.

AON Holdings acquires the tallest building in Vietnam Vnexpress

AON will become the new owner of Keangnam Hanoi Landmark Tower, Vietnam’s highest tower, after spending US$380mln to purchase the debt from the main corporation. Samjong , the unit authorized to arrange debt trading at the project, has selected AON Holdings as the prioritized partner for this M&A transaction Colliers International Vietnam is the company authorized to sell the building. Three-riverview-front project is hot in East Saigon

Keangnam Hanoi Landmark

Tin247

One of the projects that attraction attention in the real estate market of East Saigon, which meets all criteria about affordable but high-class condominium project with sufficient utilities and beautiful view, is the Japanese-quality condominium project Flora Fuji. Flora Fuji offers affordable prices for international-level living space. Seek for true value in real estate market

Flora Fuji Project

Tin Nhanh Chung Khoan

In HCMC real estate market, property investors have developed a playground named Viethome Expo, in order to meet practical demand of the market. This year, Viethome Expo 2016 will be held from July 8 to 12 in the Phu Tho Sport Center, with the theme ‘The trading fair of real-valued housing’. Demands of real estate investors as market gets better Ngan Hang

5 key criteria that help paint companies attract contractors include diverse paint colours, colour perspective ability, specifiers who can give out consultancy for customers right at construction and environmentally-friendly products. Understanding this, AkzoNobel has just launched new a new comprehensive coating solution for trade customers called Dulux Professional which satisfies all of the above criteria. Hunt for finished housing Vietnam Net

If you is the first timer in purchasing housing, you should put your trust on the property investors, who have at least 10 years of experience. Next, you should buy nearly-finished apartments from reputable investors, but still affordable enough for your budget. An affordable home is about six-fold of a person’s or his family’s income in one year.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 09 June 2016

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.

Sales launch: Sea Urban Area Project VnEconomy

On June 12, at Vinpearl Halong Bay Resort will officially launch the sales of coastal township Vinhomes Dragon Bay. Located next to international ports and domestic tourism piers, Vinhomes Dragon Bay will become a destination for attracting a large number of first-time international tourists in Ha Long. Nam Long introduces Valora series for mid-high income earners

Vinpearl Halong Bay Resort

Viet Stock

Valora Project

Vietnam Net

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 10 June 2016 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.

Why has Luxcity Apartment attracted many buyers? Zing News

Located near the center of the county, has airy design with high-class interior and high investment value, Luxcity apartment has attracted many buyers. The project will be handed at the end of 2016, welcomed more than 1,000 residents. Especially, the customers who have family-register or work in district 1, 4, 7 will have the opportunity to own 2 SJC when buying Luxcity apartment. Nam An Khanh property ‘follows’ infrastructure of Vinhomes Thang Long project

Luxcity Apartment

Bds Vingroup

The real estate market in Nam An Khanh township, Hoai Duc District is seeing changes since the introduction of Vinhomes Thang Long. When the company announces Vinhomes Thang Long, other property developers are eager as their own projects will benefit greatly from Vinhomes Thang Long. Property firms say still plagued by woes

Vinhomes Thang Long Projec

The Saigontimes

Property businesses have pointed out the difficulties they are facing and asked HCMC leaders to deal with them to give a boost the fragile property market. In order for the property market to operate in line with market rule, land use fee should be regarded as a tax with different levels to ensure transparency and eliminate the ask-and-favor practice. Frasers Centrepoint Partners with Vietnam Firm to Develop $85 Million Project Bizlive

Singapore real estate developer Frasers Centrepoint has entered a deal with developer An Duong Thao Dien Real Estate Trading Investment JSC to develop a residential-cum-commercial project in HCMC. The two firms, through their joint venture in G Homes House Development, will carry out the project on a one-ha residential site in Vietnam’s southern metropolis at an estimated cost of $85 mn. Hanoi Licenses 7 Foreign-invested Projects worth $700 Million Bizlive

Hanoi’s government has granted investment licenses to 23 projects worth a combined 36.9 trillion dong, 7 of which will be invested by foreign companies at a total cost of $700 mn. Among them, Vingroup, Vietnam’s largest real estate developer, will construct an elevated road in the inner city. Bitexco, a big name in the country’s realty market, will build a trade center.

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Daily Real Estate News Highlights Vietnam - 13 June 2016

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.

Launching the Colliers Homes Website Colliers International vietnam

To further assit their clients with home finding, Colliers International Vietnam is about officially launching the Colliers Homes Website which provides comprehensive information about residential properties in HCMC. The website includes map, advanced property research function, images, floor plans, living environment information in HCMC. 2,000 Ecopark West Bay apartments sold out

Colliers Homes Logo

Vnexpress

According to Viet Hung Urban Investment and Development Company, after one month of launched for sale, over 2,000 apartments in West Bay project have been sold out. The project comprises of four towers with 25-29 floors, is located in the Ecopark, and provides apartments measuring 45-90m2 and priced from VND688mln to VND2bln per unit. Ocean Group refocuses real estate investments

Ecopark West Bay Apartment

Vneconomictimes

The Ocean Group (OCG) will restructure its property portfolio and set top priority this year on a complex in Hanoi. It also targets to complete the Fafilm project in the capital, which has been partly completed, with apartments built, while the project’s trade center and office space for lease sub-projects are still awaiting licensing. Hanoi announces official investors for 23 key projects Vnexpress

At the conference on “Hanoi 2016 - Investment and Development Cooperation”, Hanoi city granted investment licenses and certificates of investment registration to 23 projects with a total value of about 36.9 trillion VND. The projects are both locally and foreign-owned in the fields of telecommunications, urban water supply, entertainment, housing, health, and commercial services. Large-cap stocks depress market Vnexpress

Vietnamese shares finished lower on the two local exchanges yesterday as large-cap companies retreated from their recent gains. The property sector was driven down by Vingroup JSC, Khang Đien House Trading and Investment JSC and Da Lat Real Estate JSC. Other stocks such as FLC Group JSC, Tan Tao Investment and Industry Corp also saw declines.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 14 June 2016

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.

Boom of apartment projects in Binh Duong Bao Binh Duong

Located in Vinh Phu Ward, Thuan An Commune, EHome 4 has a basic price of VND13.5mln per m2 for one-to-two-bedroom apartments, causing a fever in Binh Duong real estate market. This is considered as one of projects with affordable prices, reasonable liquidity, generating housing for hundreds of low-income earners. Vincom Shophouse Thai Binh - Receiving luxury houses, decorating sweet homes

EHome 4 Project

Vnexpress

On the occasion of the trade center Vincom Plaza Ly Bon - Thai Binh, and toward the handing-over stage of Vincom Shophouse Thai Binh, Vingroup has recently announced promotion ‘Receive luxury house, decorate your home’. The program offers an interior package worth up to VND1.4bn for the first 15 customers pre-ordering shophouses at the Vincom Shophouse Thai Binh’s second sale event. Viet Nam’s 2016 Property Awards winners to be honoured

Vincom Shophouse Thai Binh

Bizhub

The country’s best property developers and professionals will be honoured on June 10 at a debut ceremony to be held at the Intercontinental Asiana Saigon Hotel in HCM City. mpeting for the year’s top honour Best Developer are: Deutsches Haus Ho Chi Minh Stadt Ltd, Phu Quoc Development & Investment Joint Stock Company, Thao Dien Condominiums and Acteam International Co Ltd. Real estate index: Reports lay siage to owners Xa Luan

While the regulation on the property index set that will take effect starting June 1, 2016, up-to-date, the Ministry of Construction will have not yet released a guideline. Meanwhile, many property consulting firms and associations release many types of index that favor home-sellers and confuse home-buyers. People in Hanoi landed in Danang’s real estate Kenh Thong Tin Thi Truong

t’s not hard to recognize Hanoi investors have massively returned to Danang real estate market. In the apartment segment, the wave of investors from Hanoi and other northern provinces entering Danang. According to the report, in early 2016, investors from Hanoi and northern provinces occupy the majority of transactions in Danang resort property market, up to 75-85% total transactions.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 15 June 2016

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.

Construction of Coco Bay project begins Bizhub

The Empire property investor started construction of the Coco Bay project-the first and biggest entertainment-cum-hospitality complex in the central region-in the central city on June 5. The complex will include a series entertainment and recreational centres, resort, condotels, and a conference centre, in addition to a park and opera house. IHG to manage Holiday Inn & Suites Brand

Coco Bay projectTower

bizhub

InterContinental Hotels Group (IHG) will be in charge of managing the first hotel with brand Holiday Inn & Suites Saigo Airport in HCM City. The hotel project also receives the support and co-operation from Vietjet, the fastest growing airline in Asia and is a major factor that has created an excitement for real estate projects around the airport. Set interest rate for social housing loans

Holiday Inn & Suites Saigo Airport

Dan Tri

Vietnam Social Policy Bank will be the credit organization that offers loans for buying and hiring social housing at an interest rate of only 4.8% per year. The loan targets include buyers and tenants of social housing; building, renovate or repair housing for people that contributes to the Revolution; low-income earners, poor and nearly-poor households in urban areas. People need affordable housing, but we only build expensive one Tuoi Tre

At the talking ‘Chance to buy social and affordable housing for low-income earners’ co-held by Vietnam Real Estate Association and Thanh Tra Chinh Phu Newspaper on June 8, experts said the real estate market is growing in a wrong direction, focusing too much on high-end housing, while the demand of most people lies in affordable one. VN property market set for growth: experts Bizhub

The Vietnamese real estate market is poised for strong growth in the next 15 years, but the Government should prevent speculation to avoid a bubble and improve human resources and infrastructure to attract foreign developers as the country integrates. Foreign investors are looking at Viet Nam with interest as its exports increase significantly and are looking for a place to produce to replace China and Singapore, where costs are too high.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 16 June 2016

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 property market after amendments to laws Bizhub

According to statistics from the HCMC Real Estate Association, in nearly one year since the Housing and Real Estate Business Law were amended, many foreigners have bought houses and apartments in Viet Nam, especially in HCMC(around 700 foreigners). Le Jardin is the project with the biggest ratio of foreign buyers ever. Success for Gamuda Land at annual MLA awards

Le Jardin Project

Vietnam Investment Review

Gamuda Land, recently triumphed at the prestigious annual Malaysia Landscape Architecture Awards 2015, held in Selangor, Malaysia. Specifically, Gamuda Land was honoured in the Property Developer Awards category for its three consecutive projects, including the integrated lifestyle township Gamuda Gardens in Hanoi. Big room for property market

Gamuda Garden Villa

Bao Dau Thau

Vietnam still has big room to develop properties because the property prices in Vietnam in general and in HCMC in particular at the present are not yet as high as that of neighboring cities in the region like Bangkok or Hong Kong. Notably, everything in HCMC still grows nicely, but investors have not yet invested strongly in the city and in Vietnam. SBV moves to reassure property investors Bao Moi

State Bank of Viet Nam’s (SBV’s) newly amended regulations on prudential ratios for the operation of credit institutions and foreign bank branches have provided significant relief to real estate investors. In addition, the central bank’s decision surprised investors by specifying a roadmap for the maximum ratio of short-term funds used for medium and long-term loans to be reduced from 60% to 40%. 5,000 estate agents to gather at Vietnam real estate brokerage day VOV

Some 5,000 estate agents and more than 300 real estate exchanges will gather at the Vietnam real estate brokerage day in central Danang city on June 25. The event aims to foster the development of the real estate industry by connecting different market players such as developers, investors, real estate agents, financial institutions, suppliers of building materials and customers.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 17 June 2016 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.

The Dàlat at 1200 to launch show units in September The Saigontimes

The Dàlat at 1200 in the Central Highlands resort of Dalat is moving forward with site construction, with its first show units expected to be complete in September this year. It is working on all infrastructure preparations, including roads, drainage and plot completion, and remains devoted to the local environment, starting by improving water management around its golf course. Singapore’s Mapletree completed Transaction on Kumho Asiana Plaza

The Dàlat at 1200 Country Club & Private Estate

Business Times

Mapletree has completed its transaction on the premier building complex in HCMC. Kumho Asiana Plaza located on Le Duan Street consists of grade A office, retail, 260 serviced apartments and the Intercontinential Hotel, transacted earlier this week. Colliers International have been the exclusive property management and marketing agents since its conception and will continue this role under Mapletree. Many projects will be sold to market in Q3

The Kris Vue of CapitaLand

Tin nhanh Chung Khoan

With the upcoming of Q3-2016 along with new plans and intentions of property firms, HCMC real estate market is promising to witness the launch for sale of many projects, providing more selections to home-buyers. From July 8-12, there will be the event ‘Buying-Selling Fair of Real Valued Housing’, with the participation of hundreds of property firms. HCMC to have 1,700 more budget homes this year Saigon Times

This year, HCMC will finish four low-cost housing projects with a total of 1,764 apartment units and break ground for six other projects. Sai Gon Giai Phong newspaper reported, citing the city’s Department of Construction. From now until 2020, the city will implement 39 budget apartment projects with 44,700 units. How will property businesses do as credit is no longer ‘easy’? 24h

The tightening on property credit in short-term will not happen as negatively as many people have worried. However, in long-term,banks will have strict management on property loans. According to the analys, the modification of the market will not be affected by Circular No.06, but mainly by psychological factors. 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. ©2015. All rights reserved. vietnam.media@colliers.com

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 20 June 2016

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 will have the 36-floor Building, Crown Lavenue Cafef

According to Kinh Do Group leader, at the annual shareholders’ meeting, the company will start the construction of Lavenue Crown building, the commercial, 5-star hotel complex project in the heart of District 1, HCMC. It includes approximately 200 luxurious apartments with a total area of 23,000 m2. Who is the Proprerty character of Year

Lavenue Crown Project

Dau Tu Bat Dong San

Chen Lian Pang, CEO of CapitaLand Vietnam, has recently received the Property Character of the Year award issued by Vietnam Property Awards 2016, held in HCMC on June 10. Additionally, many projects of the company also won big awards, like Kris Vue Most Excellent Luxury Housing in HCMC, Seasons Avenue - Hanoi’s Luxury Housing. Vietnam Dreams of owning Disneyland

Kris Vue Project of CapitaLand

Vietnam Net

Entertainment property, a less developed segment of the real estate sector, is becoming much more attractive to developers after a range of projects have been set in motion. Aside from foreign investors like Empire Group and Gaw Capital Partners, domestic developers have also built up some recreational complexes in Vietnam. Long-term Real Estate Thoi Bao Ngan Hang

According to Jones Lang LaSalle Vietnam, housing market in HCMC and Hanoi continues to record positive results, with both cities seeing nearly 20,000 new apartments launched for sale in Q1-2016, and successfully selling about 18,000 units. Business plans and distinguishing advantages of property firms also opens higher expectations. Mon City project sold out after the event for sales Tien Phong

Mon City concluded up to 94 apartments out of over 100 apartments launched for final sale and the crowd of customers in the hall of CrownePlaza West Hanoi last week surprised many people. The project covers 6.7 hectares, totals VND5,650bln, and located in the administrative and commercial center My Dinh, Nam Tu Liem District.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 21 June 2016

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.

Officially launch Centana Thu Thiem Project Cafe

Centana Thu Thiem quan 2, (District 2) was dubbed paradise miniature life. Urban Apartments Centara Thu Thiem in District 2 was the mission is to bring residents living here get a quality life with fully furnished living space with the best. The projects will be officially launched on June 25 with the program “Visiting the samples to win gold “ for the customers. Ton Hoa Sen President has poured money into real estate

Centana Thu Thiem Apartment

Cafef

In May 2016, Ton Hoa Sen Group has established 4 sub-companies to invest in real estate especially in resort segment including Yen Bai Lotus, Lotus Hoi Van, Lotus and Lotus Van Hoi, Quy Nhon. The multi-sector investment expansion may bring both opportunities and challenges to Hoa Sen Group Safety checks at old apartment buildings to finish in 2017

Hoa Sen 4-Star Hotel Project

The Saigontimes

The Ministry of Construction has said it will complete safety checks at public structures and old apartment buildings across the country next year. Based on final results, the ministry will decide which buildings will be upgraded or rebuilt. The ministry has set common standards to appraise the quality of public structures and apartment buildings in provinces and cities as required by the Prime Minister. Rach Chiec golf course to be converted into residential area Saigon Times

The HCMC government will remove Rach Chiec golf course from the city’s zoning plan to develop a residential area at the site of the planned golf course, according to a report on golf courses in the city. The city government sent the report to the Ministry of Planning and Investment on June 19. The Prime Minister has approved the change as proposed by project investor Saigon Investment Development JSC. Housing prices exceed income My Driver

The average housing prices in the Hanoi and HCMC at the present are US$2,500 per m2. Meanwhile, a research of Nielson shows that there are about 80% of households living in the two cities with average monthly income about US$700 per month. In developed countries, their governments issue many solutions for this matter, such as long-term payment via installments for people to quickly access housing.

colliers.com/vietnam

Daily Real Estate News Highlights Vietnam - 22 June 2016

Colliers Internationalâ&#x20AC;&#x2122;s Residential Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Commercial Areas, Hotels and Grade A Offices have High Prices Thanks to the Attention of Foreigner Bizlive

Foreign investors rarely to pay attention on investment in buy-to-hire apartment, while still hesitate about high-end buy-to-stay apartments due to legal and mortgage problems. In recent time, the company receives requests about Grade A apartment towers located in the Grade A Apartment TowerTowheart of the city, as they understand that they will struggle a lot to penetrate the market, and decide to make joint ventures with reputable domestic property firms. Launching Vincom Plaza Ly Bon Bao Dau Tu

Vincom Plaza Ly Bon

Cafeland

In nearly first six months of 2016, HCMC real estate market is slowing down, but experts still forecast there will be positive signals in the remaining months of the year. However, the present problem is that in order to develop this segment, there is a need of suitable land fund, which is located relatively near to the cityâ&#x20AC;&#x2122;s center, has convenient traffic connection, and developed facilities. There is plenty of foreign interest in Viet Nam property market: consultant Vietnam Net

Due to the favourable demographic profile and rapid urbanization, Vietnam real estate market has immense potential for long-term growth. Currently, a structural problem would be the ambiguous legal frameworks, complexity of ownership and taxation issues that are complicating transactions. Foreign investments generally flock to jurisdictions with a high level of market transparency with clear ownership titles. M&A in real estate increased sharply in Danang Thanh Nien

Over past year, Danang real estate market witnesses many major property M&A transactions. in H1-2016, the traditional apartment-for-sale received nearly 1,000 new apartments launched for sale, up 44.6% y-o-y, mainly from mid-end and affordable projects, accounting to 78.9% the total supply.

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. ÂŠ2015. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 23 June 2016

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 Garden announces special offer on ‘The Duet’ in June Vietnam Investment Review

City Garden Apartments Vietnam Limited, the developer of City Garden has just offered a special offer on their recently launched ‘The Duet’ apartments in the project’s new Promenade Tower. Accordingly, through the end of the month of June up to six lucky buyers will benefit from City Garden’s special offer on the two-view, double balcony, and three-bedroom apartments. Sales launch: “Golden Project” in My Dinh

City Garden

TTVH

On June 26 at Lotte Hotel, Hanoi, the luxury apartment project Golden Field will be officially launched. This is a great opportunity for customers to own the “gold” project “gold” in the heart of My Dinh urban area with many attractive deals. Apartment conflicts discourage buyers

Golden Field Project

Vnexpress

Some property developers recently not following their commitments to customers (in term of legality and handing-over schedule) in HCMC have affected the whole market, due to loopholes in property laws. However, these scandals mainly happen to small-scale and less-renowned investors. Thus, to avoid risks, customers need to select products developed by reputable investors. New media channel that is efficient for Vietnam property market Nhip Cau Dau Tu

On June 18, at Lotte Legend Hotel in HCMC, the 1st national workshop themed “New efficient medial strategy in Vietnam real estate market” held by Chicilon Media with the participation of over 150 representatives, who are experts in media, marketing directors, project directors from top reputable property corporations and firms in Vietnam market, as well as members from HCMC Real Estate Association. With big supply, high-end apartments in Hanoi still prosper Tin Nhanh Chung Khoan

High-end apartment supply in Hanoi still grows fast in recent time, showing that property investors have been focused strongly on this segment. In 2015, the liquidity of high-end apartment market reached a new record, surpassing the record during the property fever in 2009 and previous years. In future, the high-end apartment market is expected to continue to prosper, in spite of big supply.

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Daily Real Estate News Highlights Vietnam - 24 June 2016 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.

Daewoo E&C to Start Building Korean-style Villa Project Nhip Cau Dau Tu

Daewoo Engineering & Construction Co. (Daewoo E&C) has announced that it will proceed with the official contracts for 182 households of the first high-end villa project in the Star Lake New City from July 4. The project is estimated to have an investment of $2.2 billion and the first-stage construction costs $1.2 billion. Gamuda Gardens project is exempt from building permit

Star Lake New City

Tin Nhanh Chung Khoan

Ministry of Construction has sent an official document regarding of licensing the construction of buildings in Gamuda Gardens Township. In accordance, in order to ensure business investment environment and provide incentives to attract investors following Law on Investment, the ministry continues to not require construction licenses of Gamuda Land Vietnam in the aforementioned land lots. How wise are home-buyers

Gamuda Garden Villa

Bat Dong San

Departments of Construction in Hanoi and HCMC recently announced the list of 45 projects qualified to sell future-formed housing products. Among them, many projects are already been known months ago via property investors’ marketing campaigns that aim for pre-ordering contracts before transaction ones. In HCMC, some notable projects are, Saigon New Port complex of Tan Lien Phat; S10-2 of Phu My Hung, etc. VSIP unveils first apartment project Saigon Times

Singapore real estate developer Frasers Centrepoint has entered a deal with developer An Duong Vietnam-Singapore Industrial Park Joint Venture Co Ltd held a topping-out ceremony for the Habitat Binh Duong project over the weekend. The Habitat Binh Duong is the first project in Vietnam having duplex apartments which are designed specially to meet the needs of family with different generations living together, according to VSIP. Owners of the duplex apartment can live in the apartment or lease it. Success Dragon Aborts Share Acquisition Plan of Vietnamese Hotel Bizlive

Hong Kong-listed Success Dragon Holdings Ltd has dropped a plan to purchase a 45% interest in a five-star hotel and land for further development in Vietnam’s central city of Da Nang for $14.13 million, the firm said in a filling to the Hong Kong Stock Exchange.

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Daily Real Estate News Highlights Vietnam - 27 June 2016

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.

Why is Diamond Island an ideal home? Cafef

Customers of Diamond Island are progressive and successful parents who stress on kid’s rounded development and family values. In the era when our kids are more familiar with technological gadgets than outdoor activities, Kusto Home aims to build up an ideal place for kids to enjoy their complete childhood and a place for all members in family to relax and enjoy their gathering moments to the fullest. Gamuda Gardens project is exempt from building permit

Diamond Island Project

Tin Nhanh Chung Khoan

Gamuda Garden Villa

Saigoneer

While city officials work to tackle low-income housing in Saigon, the Japanese government and a handful of private Japanese firms are joining together to bring “Japanese quality” homes to Vietnam. Along with the privately owned Maeda Corporation,the Japan International Cooperation Agency aims to create a financial scheme in which middle-income home buyers may take out loans to purchase high-quality, affordable housing. High-class apartment to confirm unique advantages Thi Truong

Ready to modify the feedback of residents living in its project is the way that a reputable property investor has made in order to increase competitiveness and keep customers in the situation where every segment in HCMC real setate. According to the analys, the real estate market has entered a new cycle, and 2016 will have some major projects in the heart of HCMC at prices from VND140mln m2. Can a salaried worker buy a comfortable home Tuoi Tre

With a stable and medium income, financial factor is often the first and foremost matter during the journey to seek a dream home. There were 9,090 apartments launched for sale However, in term of apartment-for-sale structure, high-end apartments account the highest 41%, following by mid-end one 39%, while affordable one only gets 20%. 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. ©2015. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 28 June 2016

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.

Packaged Investment at The Sun Avenue Office-tel Thu Thiem Cafef

Many people buying The Sun Avenue apartment continue to buy Office-tel unit in this project not only because of its good location and attractive returns but also the unique instalment scheme offered by the developer. In addition, Novaland will offere the customers a low interest rate of 10% per year. Prospects of East Saigon affect Lakeview’s values

The Sun Avenue Office-tel Thu Thiem

Doanh Nhan Sai Gon

East Saigon real estate market is said to be always listed among markets with highest absorption rate in Vietnam. With a strong investment wave from foreign investors, it is expected that the consumption of the area will continue to rise. Creating a strong impression in recent time in East Saigon is the Lakeview City project - the example of a finished lakeside township in HCMC’s District 2. 10 of “Paradise” for Worldwide Freelancers

Lakeview City project

Kenh 14

Saigon was ranked 9th on top 10 Most attractive places for worldwide Freelancers. This recognition was announced by a 2-year vote from all members of the Nomad List - a forum for online activities of freelancers all over the world and always contains objective information of insiders themselves. Another ones are the Asian popular cities such as Tokyo, Hongkong, Bangkok and Chiang Mai. Why do investors seek properties in District 9 Bao Giao Thong

It’s a not a coincidence that many reputable property firms in Vietnam real estate market like Khadihouse, Vinhomes, CapitaLand... select HCMC’s District 9 as their strategic investment destination. the reason why District 9 is that attractive to property investors is its finished traffic infrastructure. East Saigon has become a bright spot and a livable place of HCMC. Luxury condominium or townhouse? Cafef

The decision to buy properties depends on many factors, including the uniqueness of the project’s investment model, as well as the reputable of the investor. There are some evidence proving that townhouse model totally meets and resolves the hesitation of home-buyers nowadays.

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Daily Real Estate News Highlights Vietnam - 29 June 2016

Sales launch: Heaven Riverview Apartment Project Tieu Dung 24h

Just only pay VND240 mn (equivalent to 30% value of the apartment), customers can get the Heaven Riverview Apartment. Especially, Vietinbank sponsor for the project to ensure the feasibility and the customers right. The number of customers buying the Heaven Riverview Apartment at the first sales launch is nearly 90% . Vingroup introduces shophouse in Hau Giang

Heaven Riverview Apartment Project Tower

Cafef

Vingroup has recently inaugurated Vincom Shophouse Vi Thanh in the heart of Vi Thanh City, Hau Giang Province. On this occasion, the investor also launched a special promotion, allowing shophouse buyers to pay only 50% the productâ&#x20AC;&#x2122;s value, while receive a financial support at 0 interest for 12 months, along with one year of 0 maintenance fee and 3 nights at Vinpearl Resort. Foreign investors aim at the office projects

Vincom Shophouse Vi Thanh

Nhip Cau Dau Tu

The barrier for Vietnam real estate market is that the law system for foreigners is not transparency enough. In addition, the legal system in Vietnam is not yet finished and cannot fully protect home-buyers, as well as the market is growing too fast, along with overpopulation and the affordable housing price is still higher than average income of Vietnamese. HCMC to publicize development policies, zoning plans The Saigon Times

HCMC will publicize its development policies, administrative procedures and zoning plans for sectors and land use from now until 2020 as a measure to further improve the investment environment. To create a favorable environment for investors, city leaders will meet the business community at least twice a year to listen to their concerns and help solve their problems with capital access, land use and technology application. Focusing on potential customers Thoi Bao Ngan Hang

There is a wave of home-buyers from Hanoi entering Danang real estate market accounting to 85% of successful transactions.The attractiveness this seaside city is sufficiently gathering important factors for property development, like international airport, facilities, beautiful beaches, heritages.

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. ÂŠ2015. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 30 June 2016

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.

OCB signed financing guarantee for Flora Fuji project Thoi Bao Tai Chinh

On June 25, OCB signed a guarantee agreement for Flora Fuji project of Nam Long Group during the sale event of the project. In accordance, home-buyers will be guaranteed by OCB, and can take zero interest housing loans for the first year, up to 85% the apartment’s value, with a 20-year term. Diamond Lotus Lake View: Aims at the perfect green Ecosystem Construction

Flora Fuji Project

Cafef

Diamond Lotus Lake View Phuc Khang Corporation is developed in the green chain-standard apartment USA (LEED) which help save cost in the later life and bring lots of benefits to the resident as well as the community. The property features many things that will suit any family. Get surrounded by the stunning views opening around and enjoy relaxed atmosphere of the place. Real estate transactions slowed down because of price increase

Diamond Lotus Lake View

Thoi Bao Ngan Hang

From year-end of 2013 up-to-date, the real estate market has been recovered thanks to the timely policy modification of the Government as well as the revising of Law on Housing, Law on Property Trading, Law on Investment, and Law on Business,. However, property investors have not yet forgotten the lesson about property bubble in 2007-2008, so they have become more cautious and have wiser actions to develop a sustainable market. If only based on income, most of Vietnamese cannot buy home Nguoi Lao Dong

Even with high demand and abundant supply in HCMC, it is still contractor that the absorption rate of properties in recent time has declined. The reason is that property firms are too focused in developing high-end projects, while most of Vietnamese buyers only have enough budget for mid-end housing. Need to be transparent in apartment transaction Kinh Te Nong Thon

Recently, there were lots of scandals at apartment projects due to non-transparent information disclosure, mortgaging projects already for sale and unlicensed construction that cause risks to home-buyers.It’s necessary to develop long-term projects, and ensure customer benefits at the topmost priority. 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. ©2015. All rights reserved. vietnam.media@colliers.com

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