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Daily Real Estate News Highlights Vietnam - 06 March 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.
Traditional working space gradually disappears Dau Tu Chung Khoan With the appearance of activity-based workplace solutions, the traditional office layout with staff tied to a desk is gradually disappearing. The new office model (co – working) has broken the old thinking of every company or every department of the company Traditional working space gradually being a separate and self-contained individual. disappears Luxury Apartment – Danang’s emerald Vietnam Investment Review Danang has been featured among Smart Travel Asia magazine’s “Top 10 Resort Destinations of Asia, 2016.” With this award the central city reasserts its position as a key of coastal city of Vietnamese tourism and it suggests long-term profitable investment opportunities for clients investing there. Luxury Apartments in the central city developed by Alphanam Group are worth a close look. Luxury Apartment – Danang’s emerald Riverside houses and park-side streets: home trend at the present 24H The riverside and greenery are not only choices of high-class customers, but also a trend of investors. The investors’ projects in recent time always select riverside location and emphasize with nature-friendly design. Japanese capital to launch blockbuster projects Dau Tu Japan firms eye real estate projects and they prefer acquiring stakes in local property developers to invest in projects in sought-after locations. The Mitsubishi Corporation and the Bitexco Group established a joint venture to develop a residential real estate project in Hanoi, The Manor Central Park… Where can HCMC develop affordable housing? Nhip Cau Dau Tu HCMC can use the public land to develop low-cost housing to meet with the dire need for social housing of labour as the city are overloaded with low-income people. HCMC can mobilise real estate developer to join in the social housing project. Many enterprises such as Thu Thiem, Hoang Quan, Nam Long, and Le Thanh have launched social housing projects.
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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 - 07 March 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.
MIK Group pioneers in forming “wonders of life” Dau Tu MIK Group’s luxurious apartment Imperia Garden, Park Riverside, and Sol Beach House Phu Quoc resort, Movenpick Villas & Resort have increasingly come to the publics attention for partnering with reliable corporations in architecture. Construction firms and project management companies such as Baumschlager Eberle, Coteccons, Melia; are oozing out the luxury look; whilst being eco-friendly with varied prices that suit the needs of people from different walks of life. Diamond Island takes “Best of the Best 2016” award Vietnam Investment Review Diamond Island – the only natural island within Ho Chi Minh City developed by Kusto Home - was awarded “Best of the Best 2016” in the “Private Green Project of the Year” category by the Robb Report. The Robb Report announced this year’s winners of the Best of the Best awards at The Reverie Saigon on January 17th, 2017. The awards are dedicated to the most popular and best-performing luxury brands in Vietnam.
MIK Group pioneers in forming “wonders of life” - Sol Beach House Phu Quoc resort
Diamond Island takes “Best of the Best 2016” award
Vingroup to open 5,000 hotel rooms Kinh Te Today Vingroup said to launch seven more high-end hotels in some tourism destinations such as Danang, Ha Tinh and Hoi An in late April 2017, increasing its total number of hotel rooms to 10,000 units, two-fold the current number. City leader wants Can Gio District to become attractive tourism complex Saigon Times Daily Chairman of HCMC Nguyen Thanh Phong on February 27th asked the Department of Planning and Architecture to submit a plan for organising an international planning contest to develop Can Gio District into an attractive urban area for entertainment and leisure tourism in the second quarter of 2017 at the latest. In a recent field trip to Can Gio, a leader of the HCMC government announced that two major Vietnamese property developers, Tuan Chau and Vingroup, arc planning to develop two luxury coastal resorts in Can Gio, which will give a muchneeded boost to leisure tourism in the outlying district. HCMC: Gap of 87 percent of social housing demand Dau Tu Chung Khoan HCMC is in dire need of affordable housing projects to meet with the real demand. Real estate developers Le Thanh, Hoang Quan and Thien Phat have invested money to develop their social housing projects. Nam Long has completed 8 Ehome projects to invest in their new social housing projects EhomeS. According to HoREA, estimates put the need for additional housing in England at around 300,000 new units. About 87% of population live in temporary lease accommodation that are not safe.
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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 - 08 March 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.
Vinhomes Skylake - a flagship in 2017 Thoi Bao Kinh Doanh With nearly 700 apartments pre-ordered since the official sales on January 8th, Vinhomes Skylake of Vingroup has become the hottest flagship in the real estate market in recent years. Experts say that projects with high liquidity rate such as Vinhomes Skylake are an optimal choice to attract late-2016 overseas remittance. Vinhomes Skylake - a flagship Japanese projects freshening up Vietnam’s real estate in 2017 market Vietnam Investment Review Numerous flagship real estate projects with foreign direct investment (FDI) from Japan are expected to launch for sale in 2017. The chain of villas and shop-houses in The Manor Central Park (Hoang Mai District, Hanoi)—the real estate project of Mitsubishi Corporation (Japan) and Bitexco (Vietnam)—had their concrete frames finished The Manor Central Park in and moved to construction of the roof and furnishing. Hoang Mai District, Hanoi Financial solutions to attract young people to purchase housing Cafef In the recent years, many affordable housing projects have been launched, aiming at young married couples. The suitable house prices for young couples ranges around VND1 billion to VND1.5billion. On the other hand, real estate developers are advised to create flexible and convenient payment conditions to attract young buyers. Land-attached houses in HCMC: Heat spreads from the East to the South Dau Tu Chung Khoan The heat from the villa segment of HCMC in 2016 still remains in 2017 and the heat spread from the East area to the South area. District 9 of HCMC has witness exciting activities since early 2017. Real estate developer - Khang Dien and Nam Long recorded positive housing consumption. Nam Cuong Corporation and IFC to promote green building together Vietnam Investment Review The International Finance Corporation (IFC) is going to provide Nam Cuong Corporation with technical support in order to accelerate the developer’s green construction agenda and promote green building in Vietnam. On February 23rd, 2017, Nam Cuong Corporation and IFC signed a memorandum of understanding (MoU) to the effect of which all of Nam Cuong Corporation’s existing properties will be assessed under EDGE (Excellence in Design for Greater Efficiencies) standards developed by the IFC. The IFC will also provide training to Nam Cuong Corporation’s staff on the principles and applications of EDGE software as well as its standard and certification system.
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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 - 09 March 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.
Owners’ stand-off immobilises Splendora Vietnam Investment Review The Splendora project, in which Posco E&C holds 50 per cent, is to be completed by 2018 as was planned earlier due to a recent proposal submitted to the local authorities to adjust the 1/500 planning of the project. Owners’ stand-off immobilises Scarce parking leading to a new investment opportunities? Splendora Vietnam Net The insufficient area for parking have promoted the silent trade of car parking lots and car-owners in Hanoi are looking at costs up to a few hundred million dong per year. According to a survey of Colliers International Vietnam, this phenomenon happens commonly in areas with high population density, such as Trung Hoa Nhan Chinh, My Sky Central - one of scarce threeDinh, Kim Lien, Thai Ha, Linh Dam, etc. basement-floor apartments in Hanoi High-end coastal properties in Nha Trang attract investors Bao Hom Nay The sharply-increased property trade volume in Nha Trang is mainly from condotel segment, especially coastal projects where property investors realise their attractive profit generation power. They do not need to worry about the number of tenants, because Nha Trang is one of tourism destinations with highest hotel room occupancy rate in Vietnam, thanks to its temperate weather and readiness for tourists. Vietnam real estate outlook strong Vietnam News The recovery in Viet Nam’s residential property market, which emerged three years ago from a bank debt-fuelled downturn, has potential to grow further The fourth-quarter survey found 8.5 per cent of Vietnamese saying they planned to buy an apartment this year… When houses lack entrance Hai Quan The International Finance Corporation (IFC) is going to provide Nam Cuong Corporation with technical support in order to accelerate the developer’s green construction agenda and promote green building in Vietnam.
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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 - 10 March 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.
Investors wary of Asia - Pacific real estate VnExpress The Potential of Asia – Pacific Real Estate Market 2017 is reported, emphasising the wariness. In accordance, investors continue to interest in the region’s commercial property market thanks to stable macro-economy and low-interest environment. However, their investment activities will be affected by tightened control on prices, Investors wary of Asia - Pacific spending and limited assets for investment. real estate Launched more than 300 luxury apartments - Building A5 An Binh City Project Cafef On Sunday, March 5th, Geleximco investors officially launched more than 300 luxury apartments of the building A5 - An Binh City project with flexible sale policies: preferential interest rate of 0% until, a message newspaper delivery to buyers from investors and many other valuable prizes. Building A5 - An Binh City HCMC Real Estate Association: To handle social housing demand Project means to have supply of affordable apartments-for-hire first Cafebiz Following the trend, the city will focus more on affordable housing and property developers. For example, Vingroup has announced its plan to develop 200,000-300,000 apartment units worth VND700mln each. Apartment Infinity: Buy a house getting rough finishing Cafef On the occasion of the open final phase of high-end office in the center of District 5. Investors are giving preference programs dedicated the wall to the ceiling and floor package interior package with a total value up to 500 million for 100% of apartment buyers. Better loan rate likely for high-tech agriculture Bizhub Commercial banks can offer loans at preferential interest rate of less than 7 per cent per year for high-tech agriculture projects. Deputy Governor of the State Bank of Viet Nam (SBV) Dao Minh Tu on February 27th said several commercial banks have positively responded and are pledging to set aside some VND100 trillion (US$4.4 billion) loans for high-tech agriculture at a preferential rate of less than 7 per cent depending on the financial status of each bank.
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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 - 13 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Phu My Hung projects attract foreigners Thoi Bao Ngan Hang In February 2017, Phu My Hung introduced Phu My Hung Midtown and The Grande Building. After being on sale for only 3 hours, 98% of apartments in The Grande Building were sold out. Not only The Grande Building but other projects of Phu My Hung such as Saigon South Residences, River Premier, Le Jardin and Scenic Valley have Le Jardin - Phu My Hung projects incredible housing consumption. Thousands of apartments supplied in Hoa-Nhan Chinh district Cafef Trung Hoa - Nhan Chinh is known as one of the developing areas of the property market hot with dense building density. In 2017, this region continues to receive thousands of apartments from new projects entered the market such as BRG Park Residence, Vietnam Duc Complex, etc. Vietnam Duc Complex Apartment investors worry about tightened credit Tuoi Tre The HCMC real estate market since 2014 has seen over 60,000 apartments launched for sale, mainly from mid-to-high-end segments. In Q4-2016, there were 9,145 apartments launched from 28 projects in the city, including 18 new projects. Experts said that banks last year promoted housing loans so many property projects were invested. Should the banks tighten housing credit this will have a knock on effect which worries some property developers and investors Real estate M&A: Performance or class Doanh Nhan The real estate market in recent times has witnessed strategic movements of property investors, including many M&A and joint venture agreements Some typical M&A transactions include: Gaw Capital acquiring Indochina Land’s commercial properties and Gamuda Land buying stakes of domestic stakeholders at Celadon City project. Property prices forecast for slow increase Lao Dong According to a scenario analysis report on the real estate market in 2017, conducted by experts at CIEM, out of the three scenarios: better growth than 2016, stable market or declining market; A slow and steady increase is expected. The resources for a buoyant real estate market are still abundant, which will support the growth momentum in 2017.
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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 - 14 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Price is no longer top priority Tuoi Tre After many renowned projects such as The Venica, Lucasta, Melosa Garden or Mega series and Khadihouse, once again attracts attention with its terraced garden housing project Merita in District 9, HCMC, providing 131 units. Hoa Binh Construction signed a cooperation deal worth over VND1.6 trillion Saigon Times Daily Hoa Binh Construction & Real Estate Corporation (HBC) has signed a cooperation deal worth over VND1.6 trillion with C.L.U.B.M Halong Hotel Joint Stock Company to construct Sheraton Halong Bay hotel in Quang Ninh Province.
The Venica project
Sheraton Halong Bay hotel in Quang Ninh Province
Vingroup wants to “pouring money” into the software park project and digital content of Capital Cafef Vingroup has proposed research, formulation and implementation of investment projects and software park of key content of the city of Hanoi with about 70,8ha. South Saigon witnesses the massive launch of mid-end segment Bat Dong San In late 2016, East and Southeast Saigon are becoming sweet spots thanks the strong improvement in infrastructure, in which Nha Be and Binh Chanh districts are evaluated to have the strongest bounce among three rural districts that will be upgraded to urban districts… Feverish properties in the West of Saigon Nguoi Tieu Dung The phrases to describe the heat of West Saigon is that “West Saigon heats up real estate market in early this year”, “West Saigon enters a lively price fever” are no longer empty, and are considered by property experts to be matched with reality.
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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 - 15 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Attractive incentives await buyers of Sun Group properties in March Vietnam Investment Review Sun Group held the sales launch ceremony for the villas in the Premier Village Phu Quoc Resort and condotels in the Premier Residences Phu Quoc Emerald Bay on March 11th at New World hotel in Ho Chi Minh City and on March 12th at Pullman hotel in Hanoi. The Premier Residences Phu Ariyana Smart Condotel shares 30pc of sales for apartment Quoc Emerald Bay owners VnExpress Purchasing apartments in Ariyana Smart Condotel Nha Trang, managed by hospitality experts from Arcor, Sol Melia, Furama…and expected to officially launched in December 2017 with many brands such as Vuvuzela, Crystal Jade Kitchen, Ashima, HDBank…, home owners will get 30pc of sales and 15-day/per annum vacation at Ariyana Smart Condotel where they are living… Vast urban area comes to Cu Chi Vietnam Investment Review Tuan Chau Group’s major projects to be rolled out over the next decade are expected to turn Ho Chi Minh City into a pearl of the Far East. Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong has just approved Tuan Chau Group to set up the Saigon New City development the biggest so far. The project covers over 15,000 hectares across Cu Chi district. Cheap housing segment in HCMC: Not so cheap Dau Tu According to HCMC Real Estate Association (HoREA), HCMC is in dire need of affordable housing projects to meet with the real demand of a population of 13 million. Nam Long has completed 8 Ehome projects to invest in their new social housing projects EhomeS. HCM City could build apartments at selling prices of under VND 1 billion per unit… Property firms race to expand market share Phap Luat TP Property firms are now in a race to diversify products and expand market share in order to prevent risks and meet consumer demand. For example, Vingroup is a professional property developer for resort properties, apartments and high-end villas. In late 2016, Vingroup heated up the market with VinCity brand, which is an affordable property series with an average price from VND700mln per unit.
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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 - 16 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Impressive view of Bahamas Tower in Diamond Island Vn Express Bahamas Tower of Diamond Island is a project located in a prime location with vast views of the river, the heart of HCMC, cruise dock and resort swimming pool. The Kusto Home investor will introduce Bahamas Tower in late of March, and provide incentives to customers Bahamas Tower in Diamond Iswho pre-order apartments at the tower. land Japanese power in Vietnam’s real estate market Time out Construction of high-end urban development - The Manor Central Park, a joint venture project based in Hanoi’s Hoang Mai district between Mitsubishi and Bitexco Group, has rapidly picked up pace with the Japanese partner injecting $290 million into the project. The Manor Central Park Late last year, Hankyu Realty and Nishi Nippon Railroad signed a cooperative deal on developing - Kikyo Residence in Ho Chi Minh City’s District 9 with Nam Long Investment JSC to contribute investment capital under the ratio 50:50 to construct. Attraction of southern land-attached houses Saigon Dau Tu Tai Chinh According to property experts, South Saigon landed house products have been attracting customer attention since late 2016 because of good liquidity, high profitability, and the ever-scarce supply of the city’s urban land fund. The city’s total landed house supply in 2016 is only about 3,000 units, while the demand is very high. For the LAVILA project, the developer Kien A Company will launch Phase 2 sale of the project with 268 units priced from only VND4.5bln per unit. Launching final sale, West Hanoi properties still attract buyers Dan Tri Real estate market 2017 is coloured brightly by many property experts. Property experts said the market in 2017 will continue to maintain its sustainability. Stable economy, increasing real housing demand and well-controlled credit flow to real estate, are important factors. They continue the liveliness of the market in 2017. South Saigon properties prosper thanks to infrastructure Bizlive According to Le Chi Hung Viet - Deputy Director of DRH, South Saigon real estate market is very potential because of the sea-based economy development of Can Gio District and traffic connection with Long An Province. The property supply of South Saigon is not very abundant, and buy power in upcoming time will focus strongly on projects with sufficient legality and under construction.
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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 - 17 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Khadihouse affirms its prestige through projects which are completed before opening for sale Thoi Bao Kinh Te Saigon In late of February 2017, Khadihouse sold out all 131 garden shophouses of Merita project (HCMC’s District 9) on the first day of sale, affirming the high demand of the market for projects of which developers have affirmed its reputation through finished Merita project in District 9 infrastructure and utilities. Making a “one-time payment” of VND 790 million, earning a lifetime with Coco Ocean-Spa Resort Tuoi Tre In 2016, Danang recorded 5,751 condotels launched for sale with an absorption rate of 73pct (4,000 units sold), which is the top of the country. The Danang real estate market has become more diverse, and some emerging projects have very good absorption rate. Among them, there is the tourism-entertainment complex Cocobay Danang Coco Ocean-Spa Resort in of Empire Group. Danang South Saigon garden villas attract home-buyers Cafeland In order to attract home-buyers, property developers of high-end segment need to spent great efforts on their projects. There are many projects with methodical planning, reasonable size, affordable prices, and the most importance is that they are not very far away from central business district. Condotel market 2017: Seeing a change in taste Cafef The impressive growth of the tourism industry in to last year has created a stable foundation for the real estate market to witness a year of boom in the resort segment, with the rise of the condotel model. The condotel market prosperd in 2016, but will continue the momentum in 2017, especially in Danang. In 2017, Danang will record a launch of over 7,000 resort products. HCMC removes barriers against social housing development Thoi Bao Kinh Te Saigon A meeting with the city leaders about social housing projects had the presence of big real estate businesses such as Le Thanh Commercial - Construction Co., Nam Long Investment Corporation, Hoa Binh Corporation and Hoang Quan Corporation. According to real estate businesses, administrative procedures must be shortened to reduce social housing price as the currently complicated and time consuming process takes investors many years to complete procedures and start construction.
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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 - 20 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Fun & games Vietnam Economic Times The “first generation” of amusement parks in major cities has seen some initial success and attracted large numbers of visitors. There are many theme park projects in operation in Vietnam such as the West Lake Water Park and Thien Duong Bao Son in Hanoi, the Dam Sen Water Park in Vinpearl Land Nha Trang Ho Chi Minh City, and Lac Canh Dai Nam in Binh Duong. There is also Vinpearl Land Nha Trang and Phu Quoc, as well as Vingroup’s Times City and Royal City urban areas. Work starts on Melia Ho Tram Saigon Times Weekly On March 4th, Tanzanite International held a ground-breaking ceremony for its five-star Melia Ho Tram at the Hamptons project in Xuyen Moc District, Ba Ria Vung Tau Province. When opening in the fourth quarter of 2018, the resort managed by Melia Hotels International has total land area Work starts on Melia Ho Tram of 16.9 hectares and 518 meters of pristine private beach. Heat of townhouse and villa segment Thoi Bao Kinh Te Saigon The villa/townhouse segment continues to be vibrant in early 2017. Nam Long had put up for sale two previous projects Valora Fuji and Valora Camelia. Other projects in this segment of real estate developers such as Khang Dien, Dai Phuc and Novaland also have good housing consumption. The villa and townhouse segment requires a lot of capital and experience, making it unable to become the mainstream of this year instead of the low-cost social housing segment. Spending 10 billion to buy houses: Get upset upon receiving houses Dan Tri Many real estate projects which are spent billions on by home buyers get prosecuted for different reality from the initial fantasised images drawn by investors. Some of such projects are Home City Hanoi, Gamuda Gardens - which is highly controversial around entrance-exit ways for residents and low neighbourhood security situation such as GP Invest’s Trang An Complex, Cen Invest’s Parkview Residence. Buildings still electricity guzzlers Saigon Times Daily According to real estate developers, operators will benefit from green buildings. Property developers can use green building certification for their apartment buildings as a way of improving publicity while homeowners can benefit. Tran Nhu Trung, Deputy General Director of Nam Cuong Corporation, one of the real estate developers which have set a goal of obtaining EDGE certification of IPC for all its buildings in 2020, said energy consumption in buildings with KDGK certification is 20 - 27% lower than in normal ones whereas construction cost may increase 2% to 5%. 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 - 21 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Ho Guom Plaza apartment’s residents demonstrated in opposition to its investors despite heavy rain Thoi Bao Doanh Nhan In the morning of March 11th, residents living in Ho Guom Plaza (New urban area, Mo Lao Ward, Ha Dong District, Hanoi City) gathered in front of the apartment building’s entrance and stretched out many banner accusing Ho Guom Plaza (New urban the investor (Ho Guom Textile and Garment Joint Stock Company)’s area, Mo Lao Ward, Ha Dong District, Hanoi City) myriad mistakes. In the last 3 years since the project’s houses were put in use, its residents have had always strong opposition to its investors on bad quality building construction, and administration of services, facilities and functional areas. Gamuda Land admits fault about residents demanding for road VTC After many residents of villas and terraced houses at Gamuda Garden project demanded their own exclusive road, the investor - Gamuda Land Gamuda Land admits fault about has held a meeting and apologised about the shortcomings. They also residents demanding for road added that there will be more roads to be built within the project and committed to ensure security and safety for the residents. Villa to sell at loss of VND6bln, apartments decrease hundreds of millions dong in prices Cong Ly A villa owner at Gamuda Gardens has recently had to sell at loss of VND1bln. She said that she only wanted to sell its due to the recent scandals in the township, in which villa residents protested against the developer Gamuda Land due to not keeping promise on building them an exclusive road, as well as there are cases of theft and robbery. A property expert said that buy-to-invest properties depend on whether the investment is short-term, mid-term or long-term, as well as the investor’s budgets. The profit from reselling apartments is no longer as high as before. Danang properties prices inflated by brokers Kinh Te Do Thi In recent time, Danang is usually top choice of major domestic and foreign property investors, hiking the city’s property values. According to surveys conducted by market researching companies, Danang’s property values in five recent years have gone up by 20-40pct per year. There are moments that Danang property prices have increased by 300pct, but it is not thanks to real demand. The prices have been inflated by property brokers, which might cause property bubbles. Struggle to survive Vietnam Economic Times Vietnam’s retail market may have recorded strong growth but retailers have had mixed fortunes in recent times. The failure of Parkson is an evidence that retailers must always make changes, stay abreast of the latest trends in the market, and understand the needs and unhidden wants of customers, to make shopping a more pleasant experience. Some developers and investors have introduced innovations in order to develop. For market research reports, please visit our website at www.colliers.com
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Daily Real Estate News Highlights Vietnam - 22 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
D’.Capitale project’s C7 building launched - last apartment building with many incentives Cafef On March 18th, 2017, C7 Building of the D’.Capitale Tran Duy Hung project (with the cooperation between Tan Hoang Minh and Vinhomes) is going to be officially launched. This building has a beautiful location and a diverse utility system which will surely D’.Capitale project’s C7 building convince even the most demanding customers. launched Inspire potential of northwest Saigon Doanh nhan Saigon Some property giants are proposing to invest in north-western districts of HCMC (Cu Chi, Hoc Mon, District 12), which are expected to become real estate hot beds for development in the coming years. Notable investors include Tuan Chau Group and Vingroup. Aside from resorts in Phu Quoc. Vingroup is currently developing Inspire potential of northwest Vinhomes Central Park (Binh Thanh District) and Vinhomes Golden Saigon - Vinhomes Golden River in District 1 River (District 1) in HCMC. It is also investing in a 485-hectare Saigon Safari Park in Cu Chi District, and focusing on affordable properties with VinCity brand. Real estate market in 2017: The game of rich and experienced property giants? Bizlive According to a property expert, at the workshop “Vietnam Economy Scenario 2017” held by Central Economy Committee and “Thoi Bao Kinh Te Vietnam” Magazine last week, real estate market in 2017 will continue to be lively, but also face more hardship than previous years. Compared to 2015 and 2016, this year will see fierce competition between property giants due to risk of oversupply, and there will be more losers than winners in 2017. Payment of VND 750 million: Owned an apartment in the centre of District 6 Tuoi Tre Located on the front of Metroline No.6 and Tan Hoa Street (central route in District 6), Summer Square project ensures added values for both home-buyers and investors. By paying only VND750mln, customers will own a high-end apartment with finished interior and handed over in Q4-2017. City low-cost housing will be of high quality: official Vietnam Investment Review Dinh La Thang, Secretary of the HCM City Party’s Committee has said low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure as their commercial counterparts.
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Daily Real Estate News Highlights Vietnam - 23 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Investing in serviced apartments: Not easy Nhip Cau Dau Tu The news on the US officially withdrawing from TPP agreement will have an effect on newly-established or expanded companies. However, other free trade agreements such as RECEP are expected to compensate this somehow. Tenants are changing from hiring private villas to serviced apartments because of problems in security
Investing in serviced apartments: Not easy - Kumho Asiana Plaza Saiapartments-for-sale due to distinguishing customer group, it still has its development gon has 260 serviced apartments direction, especially at projects managed by international managing firms. Increased investments in Lao Cai causing, ‘golden land’ in Sapa to become expensive Dau Tu Chung Khoan The strong development of tourism and infrastructure has hiked property prices in Lao Cai, especially in Sapa, by 2-3 times over two years. According to experts, resort properties here have been becoming a promised land for many property experts. Lao Cai Province has only a single Even though tourist numbers have grown sharply, Lao Cai Province has only a 5-star hotel (Aristo International Hotel) single 5-star hotel (Aristo International Hotel), while Sapa has 190 accommodation facilities with over 3,000 rooms, of which only 1,000 are 3-stars and above. Vietnam and US joined forces to develop real estate Thi Truong Bat Dong San The latest figures from the General Statistics Office show that Vietnam’s foreign investment attraction in the first two months of 2017 is quite optimistic, foreign investment reached USD 3.4 billion, increased by 21.5% compared to 2016, real estate investment attracted USD 345.5 million. According to US real estate experts, VNREA and VNARP have a lot of opportunities thanks to overseas Vietnamese community along with the loosening policies of selling houses to overseas Vietnamese and foreigners have contributed to the cooperation between real estate brokers in the US and Vietnam. FDI capital and exports increased in the first two months of 2017 Nhip Cau Dau Tu According to the data of the General Statistics Office of Vietnam, Vietnam’s economy has a positive development in the first two months of the year. One of the evidences is that there are 14,451 new enterprises with the total registered capital of VND152.600bln, increasing 3.9 percent about the number of enterprises, and 35 percent about registered capital compared to the previous year. A partnership between property giants and international hotel brands Dan Tri Danang is one of sweet spot for property project development; The city’s hotel market is shortening its gap with Phuket in Thailand. Especially, Danang is becoming a famous tourism destination for both local and foreign tourists thanks to being high-class in tourism management and exploitation. Recently, Golden Tulip has joined Vietnam hotel market for the first time, together with Empire Group and Louvre Hotels Group signing a strategic partnership agreement. and hidden costs. Even though serviced apartment market does not grow as well as
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Daily Real Estate News Highlights Vietnam - 24 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Dacin launched Vision Residential project Vietnam Investment Review Dacin - the third largest construction company of Taiwan officially launched the first phase of its Vision Residential project on March 12th. Located in Tran Dai Nghia Street of Binh Tan district, at An Lac Roundabout, buyers found Vision Residential so attractive that the first two blocks have already been fully booked and the third block has just opened for sale. Dacin launched Vision ResidenVinhomes Riverside - The Harmony: eco-township in the city tial project Thoi Bao Ngan Hang Perfectly inheriting values of Phase 1, Vinhomes Riverside Phase 2 – The Harmony will be an eco-zone in the heart of Hanoi, and will be one of most eco-friendly projects in 2017. With a very beautiful location, surrounded by a eco-environment, Vinhomes Riverside in general and The Harmony in particular can meet every basic demand. The development is designed for customers who have plentiful finance and want to enjoy a high-quality Vinhomes Riverside - The Harmony: eco-township in the city lifestyle with both greenery and utilities. Housing exhibition opens doors in Ha Noi Vietnam News Vietbuild Ha Noi 2017, the annual exhibition on housing, home decoration and household appliances, opened its door on March 15th at National Exhibition Construction Centre. The five-day expo witnesses the participation of 450 exhibitors from 18 countries and territories, including South Korea, Japan, Singapore, mainland China, Taiwan, the UK, Australia, the US, India and Germany. In his speech at the opening ceremony, Deputy Minister of Construction Bui Pham Khanh described the event as a good chance for domestic businesses and managers to further understand economic development, import-export and investment as well as the property market. Optimistic about the prospects of the real estate market Tin nhanh chung khoan Masakazu Yamaguchi of Japan-based investment fund Creed Group believed in the potential of the real estate sector in Vietnam and the youth Vietnam population. Nam Long and 2 Japanese business partners are prepared to deploy the large project to provide thousands of apartments at Binh Chanh, HCMC. While on stock market, many enterprises such as DXG, TDH, NVL, and NLG releases its business plans for 2017 with expectation to make breakthrough growth. NBB Company will seek approval from its shareholders Saigon Times Daily NBB Investment Company (NBB) will seek approval from its shareholders to issue nearly 32 million shares to raise its capital from VND696 billion to VND1 trillion within this year. The proceeds will be used to fund its business and production activities. Besides, the firm wants HCMC Infrastructure Investment Company (CII) to acquire more NBB shares to revise up its ownership at NBB from 25 percent to 35 percent. It looks to obtain VND1 trillion in revenue and VND72 billion in after-tax profit in 2017. 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 - 27 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Mapletree Investments open their first office tower in Vietnam Bizhub On March 22nd, Mapletree Investments Pte Ltd, a Singapore-owned real estate developer saw its first office tower in Viet Nam inaugurated by Singapore Prime Minister Lee Hsien Loong and Viet Nam Deputy Prime Minister Trinh Dinh Dung. Mapletree Business Centre is a 17-storey tower with 28,384sq.m of floor area and designed to international grade A Mapletree Investments opened the first office tower in Vietnam specifications. Hongkong Land on board in Thu Thiem New Urban Area Vietnam Economic Times Hongkong Land has become a strategic partner of the Ho Chi Minh City Infrastructure Investment JSC (CII) in a residential area and North - South axis project at the Thu Thiem New Urban Area in District 2. Approved in 2014, the 86-storey Thu Thiem Empire City Tower is now being implemented by the Tien Phuoc - Keppel Land joint venture from Hongkong Land on board in Thu Singapore. Thiem New Urban Area Who are creditors of major real estate company HCMC? Zing In 2017, Novaland will have loans due of nearly VND 6,000 billion and a long-term financial loan of nearly VND 8,000 billion. These are new and current loans at TPBank, SeaBank, VietCapital Bank, NCB, NamABank, etc; especially a long-term loan at VietinBank. Noticeably, Novaland currently has another loan of VND 3,094 billion from Nova which will also be due in 2017. Investors are not afraid of ETF’s review, all indexes made breakthroughs Cafef After the trading session, the VN-Index on the HCM City Stock Exchange losed 4.38 points to close at 710 points. The total value of trades reached VND5.216 trillion. Shares of the construction sector and the real estate sector (i.e. ROS, D2D, PC1, VCG, NLG, VIC, VPH, DXG, NTL, and DIG) continued to attract cash inflows. Market rebound likely as shareholders meet Vietnam News Shares may rebound after investors attented the positive annual shareholders’ meeting of listed companies, which amongst other things covered reports on estimated first-quarter results. The benchmark VN-Index on the HCM Stock Exchange decreased slightly last week for a second week on volatility from the US Federal Reserve’s meeting, and trading by big exchange-traded funds (ETFs) in their first-quarter portfolio reviews.
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Daily Real Estate News Highlights Vietnam - 28 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Blooming office-tel apartments Quanh Ta Office-tel apartments are considered to be a new kind of product in the Vietnam real estate market with size ranging between 25 square meters and 200 square meters, offering the prices from VND 900 million to VND several billion per unit. By November 2015, office-tel apartment were covered quite widely in HCMC. Office-tel apartment appeared on the HCMC southern area with the projects: Florita, Charmington la Pointe, Sunrise Riverside, Sunrise Cityview, River Gate and The Tresor. Riverside road ‘burdened’ with high-buildings in Saigon centre Zing Nearly 20 projects are built closely along the Tau Hu-Ben Nghe canal (District 4) which puts the region under great pressure in the near future. Currently, Novaland is the owner of most of the projects in this route with the series of projects such as Galaxy 9, River Gate Complex, Saigon Royal Residence, The Tresor and two blocks of RiverView Residence.
Blooming office-tel apartments
Saigon Royal Residence
Bahamas Tower - wide open vistas, three breath-taking views Vietnam Investment Review A property project can be defined by several key factors, one of which is price point. Bahamas Tower at Diamond Island gives strong value for money that ensures its position on the high-end property market of Ho Chi Minh City. Diamond Island is located at the centre of District 2, with three sides bordering the river. It is further affirming its position with the introduction of Bahamas Tower, a magnificent panoramic tower with spectacular views, now and in the future. Buying apartments: shocked when investor changes design without asking Dan Tri At many property projects, customers are very shocked when the investors change the development design without asking. Experts said that this is the consequences of a business without a strategy or transparency. At The ONE Residence project in Gamuda Gardens township of Gamuda Land Vietnam, villa/terraced housing residents have blocked roads in the projects in protest to the investor. The reason is that the company committed to build a separated path for villa/terraced housing residents, but did not do so. University cooperated with enterprise to develop the real estate industry Viet Bao The University of Finance and Marketing held the signing ceremony of the cooperation agreement between the university and Savista Corporation on March 18th. After the signing ceremony of the cooperation agreement, the seminar themed “The new trend of real estate industry” was hold with the attendance of real estate experts from Savista with 300 students.
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Daily Real Estate News Highlights Vietnam - 29 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Vingroup launches 5-star standard project in Hai Phong Viet Bao In March 2017, Vingroup officially launched Vinhomes Imperia the first 5-star standard complex project in Hai Phong. The most distinctive feature of Vinhomes Imperia is the 45-storey complex of hotel - commercial - entertainment complex with high quality amenities from the hotel, swimming pool, sky bar and gymnasium. Vinhomes Imperia project in Lakeview City: Sample urban area in Eastern area Hai Phong Dau Tu Chung Khoan The Lakeview City urban area has an area of 30 ha, located in An Phu Ward, District 2, Ho Chi Minh City. The Lakeview City is designed by a reputable Japanese architect with low building density. The Lakeview City limits the number of houses, only 960 houses including duplex villas, row-houses with garden and shop-houses. Lakeview City: Sample urban Real estate acquisitions picking up in the first quarter area in Eastern area Vietnam Investment Review Real estate mergers and acquisitions have picked up pace in recent months. Economic growth and a relatively stable investment environment during 2016 has provided a solid foundation for property investment. The residential sector will continue to attract developers and investors as fundamentals remain positive. Foreign investors continue to come from countries that are already leading the foreign direct investment charge in Vietnam, including South Korea, Japan, and Singapore. BIM Group signs cooperation agreement with AEON Mall Vietnam Doanhnhan Saigon BIM Group and AEON Mall Viet Nam have just signed a cooperative contract about the investment of the next shopping mall of AEON Mall in Ha Dong district, Ha Noi. BIM Group continues leading the domestic market in the production of industrial salt. They are also a partner of brands such as Nestle, Ajinomoto, Orsan, etc, and the Ca Na salt brand is distributed in supermarkets, Metro, Big C and Coop Mart nationwide. Central bank injects more money into market Bizhub State Bank of Viet Nam made a net cash injection of VND16 trillion (US$704.8 million) via open market operations in the past week to support liquidity of the banking system.
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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. Š2017. All rights reserved. vietnam.media@colliers.com
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Daily Real Estate News Highlights Vietnam - 30 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Sowatco withdraws from Saigon Centre project The Saigon Times Southern Waterborne Transport Corporation (Sowatco) is no longer the local partner of the Saigon Centre property project in downtown HCMC. Keppel Land Limited through its subsidiary Krystal Investments Pte Ltd has clinched a deal with Sowatco to acquire an additional 16% stake Sowatco withdraws from Saigon worth VND845.9 billion in joint ventures Keppel Land Watco I, II, III, IV and Centre project V which are developing the Saigon Centre property in the heart of the city. HCMC: Adjust the zoning plan of Celadon City Cafef HCM City People’s Committee has approved the 1/500 planning for Tan Thang residential area in Son Ky ward, Tan Phu district. The aim is to merge two land plots (B2 and B3) into one large area for the cultural and tourism village project in Saigon, featuring three regions of Vietnam. Tan Thang residential area named Celadon City is built on a total area of 82.5 HCMC: Adjust the zoning plan of Celadon City ha, more than 16 ha of which is lush parklands and entertainment area, 26.7 ha of which is high-end apartments with 7,000 unit, office, and mall. $2bln casino project at Van Don: Currently in the survey and study period Thoi Bao Kinh Te Vietnam According to Decree No.03/2017/NDCP, casino business is a conditional business and put under close management of competent State agencies. FLC and ROS have invested $2 billion in a project with a casino (Vietnamese entry is allowed) which has stirred the market. The People’s Committee of Quang Ninh Province issued Document No.1662/UBND-XD1 on March 17th to approve FLC Faros Van Don to survey and study the investment in a high-end tourism-service complex which accommodates a casino. FLC Faros to invest US$2 billion in Quang Ninh Bizhub Quang Ninh Province has permitted the FLC Group to invest in the high-end entertainment and services complex in Van Don Special Economic Zone. The People’s Committee of the province issued an official dispatch No 1662/UBND-XD1 on March 17th in this regard. According to the investment plan of FLC Faros Van Don Investment and Development Co. Ltd (FLC Group’s affiliates), the project includes a large number of properties such as a resort, five-star hotel, international conference centre, casino, golf course, safari, museum, agricultural town community and library. Customers prefer investing ahead in South Saigon Cong Ly South Saigon is currently occupying 35pct of the city’s total market shares. South Saigon is one of very lively area with very high number of apartments launched for sale in 2015-2016, and is expected to grow further in 2017. Meanwhile, there is 8pct of total supply in the market in 2015, concentrating in District 7, and the figure is 15.6pct in 2016. 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 - 31 March 2017
Colliers International’s Real Estate Highlights is daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Preparing to announce the most beautiful tower of Ha Do Centrosa Thanh Nien On March 25th, Ha Do Group will introduce the apartment tower Iris 4 – one of the most beautiful blocks in HaDo Centrosa Garden project, located in HCMC’s District 10. The project gathers many reputable brands as partners, such as Architype – planning consulting, Surbana – scenery architecture, and Ong & Ong – interior design Preparing to announce the most and public utilities. beautiful tower of Ha Do CenThe sample house of Moonlight Boulevard attracts customers trosa Bao Moi Moonlight Boulevard located on Kinh Duong Vuong Street, Binh Tan District, HCMC, is the third project belonging to Moonlight of Hung Thinh Corp, which owns a “golden” location at Rocket area including 20 storeys and 1 basement with 656 apartments, 54 office-tels and 54 commercial ground floors with the price from VND 1.1 billion per unit. The sample house of Moonlight Boulevard attracts customers Understanding wealthy Vietnamese Vietnam Net According to the 2016 Wealth Report, Vietnam had 168 super-rich people (with assets of $30 million and above) in 2015 and the number is expected to increase to 403 by 2025. Seven out of the ten richest people on the Vietnamese stock market trade in real estate. Now there are tens of thousands of real estate developers in Vietnam, including strong companies, such as Vingroup, Sun Group, Dai Quang Minh, and Novaland, among others. Can Tho to focus on property Vietnam Investment Review According to its urban development plan by 2030, Can Tho City will aim to solve existing difficulties in property trading activities to recover its real estate market in five years. According to the plan, Can Tho will become a centre for industry, trade, service, education, training, science, technology, health and culture in the region, and a gateway city of the Lower Mekong River as well as an important international and regional transportation hub. SCIC to work with Keppel Land VN Economic Times According to Keppel Land CEO, partnership to see State Capital Investment Corporation and Keppel Land collaborate on projects in Vietnam and put Keppel Land in good stead as it expands its presence in the country. Singapore’s Keppel Land signed a Memorandum of Understanding (MoU) on March 23rd with the State Capital Investment Corporation (SCIC) over cooperation in investment opportunities in Vietnam. 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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