Monthly Real Estate News | May 2016 by Vietnam Realty

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Daily Real Estate News Highlights Vietnam - 4 May 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.

Real estate market in HCMC in 2016: super luxury projects will be focused? Tin Tuc Bat Dong San

The central business districts of HCMC will record 8 luxury projects launched for sale in 2016, at the highest prices of up to US$7,500 per m2. Property developers are following a trend to develop luxury property projects with criteria like being secluded, having sufficient utilities, elegant and high-class design, and located in golden locations... in order to meet the demand of the pickiest customers. $100 million Smart City kicks off in April

Luxury Property Project

Vietnam Investment Review

National Housing Organization (N.H.O JSC.) and its partner Thien But Real Estate Company will start a VND2,200 billion project called Smart City An Giang on April 28. The project consists of different types of residential estates, such as semi-detached houses, high-rise building apartments, and villas, offering close-at-hand facilities. Syrena Viet Nam, Welham® Viet Nam sign agreement

Smart City An Giang Project

Bizhub

Syrena Viet Nam Development Investment Jsc., a member of the multi-sector BIM Group signed a co-operation agreement with Welham® Viet Nam limited company on April 22. Under the agreement, Welham® Viet Nam will provide services including consultancy, management and operation of Van Lien - Lotus Residences Real estate inventories drop Vietnam Net

Statistics of the Ministry of Construction showed the value of real estate inventories had fallen to around VND44.85 trillion by the end of quarter one from roughly VND50.89 trillion late last year. In HCMC, property companies put up for sale 37,400 apartments in the first three months, soaring over 82% year-on-year. Hanoi: office rents still increase Vnmedia

The office market in Hanoi in early 2016 has some positive changes after a long struggle time. The average occupancy rate in all segments office increased and average rents also rose again. Hanoi office market is promising with positive absorption rate reaches 37,320 m2, up to 26% over the same period last year

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 - 05 May 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.

Ha Long catches eye of resort property developersKinh Vietnam Finance

The breakthrough in infrastructure development in Quang Ninh Province, coupled with its immense tourism potential, has attracted a number of giant developers to Ha Long City. The developers were pouring money into building resort properties, with promised irresistible returns of up to 9% per year. Why are customers ready to spend money on luxurious living space?

Vinpearl Ha Long Bay Resort

Vietnam Finance

When investing in Hoa Sua Aroma, customers will be committed to receive a hiring ratio of 7% the villa’s value per year for 3 years, together with a housing loan of 70% the villa’s value at 0 interest rate for 18 months. Additionally, customers will also receive a VND200 landscape completion package, or VND180mln in cash.. What to notice when buy shophouses

Hoa Sua Aroma Villa

24h

There are three factors to consider when buying a shophouse, including: reputable investors, large-scale projects with high occupancy rate, and convenient multifunctional design. In Hanoi, there are some property investors that are highly preferred by home-buyers for creating distinguishable products. South Korea, Japan, Singapore scouting for real estate opportunities in Viet Nam Vietnam News

Many foreign investors, including from South Korea, Japan, and Singapore, are coming to study the real estate market. Some are eyeing office buildings, whether already completed, under construction, or scheduled to be built, in Ha Noi and HCM City. The increase in M&A activities has also been attributed to a rise of liquidity in the market Hanoi building lot: land lot projects no longer cut into capital? Bao Kien Thuc

Hanoi land lot market has seen the emergence of positive recovery signals, such as increases in liquidity and prices at many projects. However, these signals only happen at urban projects, or ones with developed infrastructure. In reality, on the secondary market, investors are still struggle, as many property developers are slow to complete their projects.

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Daily Real Estate News Highlights Vietnam - 06 May 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 wants to add 6-star and 7-star hotels Nhip Cau Dau Tu

In a meeting with Ang Wee Gee, managing director of Keppel Land Limited, on April 23, HCMC Party Secretary Dinh La Thang said that with the advantages as a tourism city and the country’s economy center, HCMC wants to have more high-class buildings, such as 6and 7-star hotels. Currently, aside from high-end projects that are being constructed like Saigon Center. Courtyard Homes: New Class of urban villas

The Reverie 6-star hotel in HCMC

Vneconomy

Gamuda Land Vietnam will continue to launch the sale of 44 semi-detached villas at Courtyard Homes - Phase 2. On the occasion of anniversary of April 30 and May 1, Gamuda Land Vietnam will also launch many special incentives for first 5 villa-buyers, including VND1bln discount, two years of membership at Gamuda Gardens Clubhouse, and five years of zero management fees Office-for-lease market is four-year lively

Courtyard Homes

Vnexpress

Average rental rate of office towers in HCMC achieves 96%, with both occupancy rate and prices increased by year. It is forecast that the demand on office will increase even further thanks to the country’ prospects in economy, industry and FDI capital growth. in its Q1-2016 report that 10 out of 12 office towers in HCMC’s central area recorded average hiring prices increased by year, with occupancy rate of 95%. Who are ‘salivating’ consumer market of 90 million people? Tin Nhanh Chung Khoan

Even though more foreign retailers have joined the market, increasing competition in many aspects, including operation management and supply chain management, domestic retailers still have advantages in the ability to access retail floor, to understand the consumer market and local environment. Some domestic companies also have strong growth, and may even catch up with experienced retailers in the region. Nam Long and Keppel Land join forces Vietnam Investment Review

Nam Long, a leading affordable housing developer in Vietnam, has just announced the transfer of VND500 billion in convertible bonds to Keppel Land, making it a corporate strategy partner. This is an opportunity to collaborate and explore opportunities in the affordable housing segment, making use of Nam Long’s prestigious brand name and Keppel Land’s trustworthiness. 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 - 09 April 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.

Giving banking guarantee to those buying Seasons Avenue Infonet

CapitaLand Vietnam and Hoang Thanh Company co-handed over certificate of banking guarantee to nearly 200 home-buyers of S1 and S3 Towers at Seasons Avenue - the second project of CapitaLand in Hanoi. HSBC, the strategic financial partner of Seasons Avenue, was also here to witness the handing-over ceremony. Central city to build two green urban projects in second quarte Bizhub

The central city will start construction of two green urban projects – Dragon City and Bau Tram Lakeside – in Lien Chieu and Hoa Vang districts this year. The two urban projects are scheduled to put into operation in 2019. The company has invested in four urban areas and two industrial parks, along with one resort and a trading complex project in the central city. The catalyst for the development of real estate M&A market

The Seasons Avenue Project

Bau Tram Lakeside Project

Tin Nhanh Chung Khoan

The more liberated regulations of the revised Law on Housing and Law on Property Trading have created a catalyst for the real estate market in general and M&A activities in property sector in general to develop. However, there are still some shortcomings that need to be removed to boost the liveliness of M&A. HCMC: Many investors are building houses at VND1bln per unit Bao Lao Dong

Being housing products that meet demand of the majority of home-buyers, affordable apartments are continue to keep an important role in the real estate market. In recent time, aside from Nam Long Group, Hoang Anh Saigon is another property developers that are constructing affordable housing projects that worth VND1bln per unit in Tan Phu District. Foreign funds interested in real estate investment channel, property giants expand room Cafef

Property shares are attracting foreign capital influxes. Property firms increase their attraction to this capital flow by expanding their maximum room for foreign investors. For example, last weekend, Ibeworth Pte. Ltd, the subsidiary of Keppel Land (Singapore), has signed to buy over VND500bln convertible bonds of Nam Long Group, with 4-year term and interest rate of 7% per year.

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Daily Real Estate News Highlights Vietnam - 10 May 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.

HIgh-end townhouse area Hado Centrosa Garden - Where does the attraction force come from? Dan Tri

Meeting many strict criteria for a high-end property project, including prime location, being located in the top project in the heart of Saigon, having modern design and reputable investor, the high-end townhouse area Hado Centrosa Garden has received huge attention of customers, even though it has not yet introduced to the market. Berjaya’s Hanoi Garden City fails to attract residents

Hado Centrosa Garden

Vietnam Investment Review

Malaysian real estate developer Berjaya’s Hanoi Garden City does not seem to attract home-buyers. Compared to Gamuda City in Hoang Mai district of Hanoi, also developed by a Malaysian developer— Gamuda Land of Gamuda Berhad, business seems sluggish at Hanoi Garden City. Berjaya does not seem to be doing anything to boost sales at Hanoi Garden City.

Hanoi Garden City

Property price up, stock price down Thanh Nien

Property prices are increasing, while property share prices are decreasing - this is a paradox in the current market. Unlike the real estate market that is still very lively, many shares in property sector have only increased slightly, or in some case declined. Among companies who achieve high profits from core business, there are still ones that gain significant profits from unusual activities. Real estate woos customers by facilities Cafef

In recent time, aside from prime locations and prices, real estate market has witnessed many property investors investing billions to construct and develop facilities to serve their residents, which is one of their trump cards to attract customers. According to Chairman of HCMC Real Estate Association, superior utilities allows project to enjoy high absorption rate, whether the products are expensive villas or budget apartments. HCMC businesses join hands to collect land funds Vnexpress

The HCMC real estate market is excited, as two Japan-based investors Hankyu Realty and Nishi Nippon Railroad have acquired 50% of capital contribution of NLG in order to develop a 5.38-ha project in East Saigon. NLG company possesses a large amount of site-cleared land fund with up to 500ha with prime locations and suitable to the city’s long-term planning and development in over the next ten years.

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Daily Real Estate News Highlights Vietnam - 11 May 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.

Camellia Garden - Create ideal living environment for dream house Thoi Bao

Officially introduced to the market starting May 2016, Camellia Garden has a prime location on Nguyen Van Linh Avenue. The project is a complex of townhouses and villas, not only being secluded in a closed planning, but also having sufficient premium utilities. Camellia Garden is a product that is developed following 3P standards, including: Peaceful, Proficient, and Perspective. Launched model apartment of the Summer Suites building

Camellia Garden Project

Vneconomy

The joint venture of CapitaLand - Hoang Thanh and the distributor-Dat Xanh Mien Bac co-introduced the sample home of Summer Suites at Seasons Avenue, Europe Overseas Vietnamese Village. The customers had a chance to see the model apartments in Singapore style design with fully equipped luxurious interior and experience their own future nest. Site chosen for mega complex

Summer Suites Building

Vietnam Investment Review

South Korean company Jimiro has teamed up with local company Dai Tan Phu to co-invest in a $500 mn complex in the triangle of land site between Tran Hung Dao, Pham Ngu Lao, and Nguyen Thai Hoc streets in the heart of District 1. This site is considered one of the best potential investments within the city centre. It will be the terminus for both metro and bus systems, and will include a pedestrianised street. Construction firm Licogi 16 to shed realty assets, stick to core business Vnexpress

Vietnam’s construction firm Licogi 16 is planning to dispose its real estate assets and raise capital through share issuance to strategic investors, in a bid to restructure its core business of construction and infrastructure projects. It will make aggressive divestment from current real estate portfolios, and boost its capabilities for infrastructure projects, with a priority for public-private partnership (PPP) projects. Compete for retail floor around Notre-Dame Cathedral Basilica of Saigon Bizlive

According to the report, the hunt for prime-location retail floor in the heart of Saigon around the areas of HCMC Post and Notre-Dame Cathedral Basilica of Saigon are never cooled down, with hiring prices hitting up to US$150 per m2 per month. The reason is that there is no longer vacant space, while hiring demand is extraordinary high, especially to Food & Beverage sector. 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 - 12 May 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 can’t investors resist the attractiveness of Phu Quoc Kinh Doanh Net

Operating a project on Phu Quoc Island have higher costs that in mainland, due to more expensive water, electricity and food. Additionally, the insufficiency of high-quality labour force, especially English-speaking employees, is also a big matter to tourism sector The Project on Phu Quoc Island in Phu Quoc. Resort investors flock to Sa Pa Vneconomictimes

Sa Pa has become an ideal destination for investments in resort real estate after the Hanoi - Lao Cai Highway opened and considerably shortened the travel time to the famous hill town. As the market exhibits positive signs of recovery and resort property prices in Sa Pa are still low, there is a great investment opportunity for investors. Project with 16-ha inner park in Saigon

Five-star Resort in Sa Pa

Vnexpress

Located in northwest Saigon, Celadon City is one of high-class township project in Vietnam applied with CONQUAS standards. The project is located at a prime location of Tan Phu District, covers 82 ha and provides residents with an ideal eco-lifestyle with diverse utilities, including a 16-ha green park with three romantic lakes, Celadon Sports & Resort Club. Cheaper constructions urged to go green Bizhub

It was forecast that the new housing demand could go up to 5.1 million apartments in the low- and middle-income segment in the next 10 years, therefore developers of low- and middle-income housing projects should pay attention to green designs, intelligent technologies and energy saving solutions. Nearly VND41,500bln inventory up to late April 2016 Kien Thuc

Up to late April 2016, property inventory value of the whole real estate market is about VND41,500bn, down VND3,400bn month-on-month, and down 44% compared to late 2014 according to Ministry of Construction. The inventory volume is mainly land lots at non-central projects without sufficient infrastructure. HCMC is currently the locality with the highest inventory value in Vietnam VND7,730bn

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Daily Real Estate News Highlights Vietnam - 13 May 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.

Queen Pearl Mui Ne: Refresh market’s thirst Bat Dong San

Most of the young people and mid-income earners in major cities want to have their second home being near the sea and having affordable prices. Understanding the demand, Danh Khoi Real Estate has launched the sale of Queen Pearl project in Phan Thiet, which can relieve the thirst for second home of these youth customers. F.HOME project to celebrate the roof-completion ceremony

Queen Pearl Project Mui Ne

Bizhub

The Da Nang food company Danafood will celebrate the roof-completion ceremony for its F.HOME Project, Da Nang’s first condotel design project, in the downtown Hai Chau District on May 15th. F.HOME offered comfortable and convenient living conditions, with a retail podium, outdoor pool and luxurious facilities for business and entertainment purposes. Handing over houses exceeds process

F.HOME Project

Saigon Dau Tu

Customers who buy housing on papers at many apartment projects are eager as their products will be handed over following or ahead schedule. Boasting off about schedule is also considered as a marketing method to promote the project’s image, which is currently applied by many property investors in HCMC. Hanoi Real Estate Market: Wave Roars in the West Vccinews

The property market in the western region of Hanoi is becoming a “hot spot” on the real estate market in the capital city of Vietnam as a series of new big property projects invested by giant developers because the completion and development of transport infrastructure has strongly impacted and stimulated the western property market in Hanoi. Foreign capital continues to flow strongly to HCMC real estate Bnews

After Vietnam Law allowed foreigners to own housing in the country, many foreign investors have begun to invest in Vietnam real estate market. According to the report, the investment in property market took 21.6% of the total Remittances including over $ 5.5bn in 2015 and $ 1.5 in the quarter I / 2016

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Daily Real Estate News Highlights Vietnam - 16 May 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.

Select where to live is also express the owner’s class 24H

It is not extravagated to say that Vinhomes Riverside has become a property gem in East Hanoi - an important developing area of the city, where it found a new living class for residents. This is also the most visible evidence, showing that selecting a home is also the way to express the owner’s class. Pay one percent, own apartment at Binh Thanh district

Vinhomes Riverside

Thanhnien

At prices from only VND2.2bln per unit and a payment schedule that requires paying only 1pct the flat’s value per month at zero interest rate until receiving home, as well as attractive incentives in 65 months, owning apartments at Wilton Tower (Binh Thanh District) - a Novaland-backed property project located in the heart of HCMC, will no longer a challenge. Japanese capital strongly pours into Vietnam real estate

Wilton Tower Project

24H

It is not extravagated to say that Vinhomes Riverside has become a property gem in East Hanoi - an important developing area of the city, where it found a new living class for residents. This is also the most visible evidence, showing that selecting a home is also the way to express the owner’s class. Vingroup, Tan Hoang Minh establish strategic partnership Bao Dau Tu

On May 10, in Hanoi, Vingroup and Tan Hoang Minh Group signed partnership agreement. In accordance, the two corporations will be each other’s strategic partner in investment, development, trading and operation of high-end property projects across the country. In details, they will optimize existing advantages of both parties to co-develop high-end properties, create high-class Vietnamese branded buildings with regional and international standards. 3-star hotels become more popular among investors Vietnam Net

Though competition in the 3-star hotel market segment has increased, many hotels are seeing worse business performance because of increased supply. Developing 3-star hotels remains a very profitable business. It is estimated that investors need to spend $4-5 million, not including money for land, to develop a 100-room hotel in HCMC. It takes 5-6 years to take back investment capital.

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Daily Real Estate News Highlights Vietnam - 17 May 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.

A trend of moving to the Saigon South new urban area Vietnam Net

With outstanding Mediterranean design and a green living space of Saigon South, Galleria is the ideal option for customers who are looking for the distinctions in architecture and the sustainability over time. Another distinctive feature is the large underground basements stretching over the entire 2.5 ha area, which remains separated under each villa. Ten reasons for buying Dragon Hill 2

Galleria Project

Skyreal

Hundreds of people have selected their home at Dragon Hill Residence and Suites 1 and ‘lined up’ to pre-order apartments at Dragon Hill-Phase 2. Property experts and investors have pointed out 10 advantages that make these high-quality apartments located in the golden location in South Saigon attract customers.

Dragon Hill Residence and

Ho Tram opens Hanoi office Vneconomictimes

The Ho Tram Project Company opened its new Hanoi office on May 11, expanding its reach into Vietnam’s capital. Located in the Corner Stone Building in Phan Chu Trinh Street, Hoan Kiem district, the office will house local staff and also provide a working base for Ho Tram’s management team when in the city. VN, UAE aim to raise bilateral trade to $10b Vietnam New

Viet Nam and the United Arab Emirates (UAE) agreed to increase trade promotion activities, facilitate market access and intensify ties. A number of major UAE companies have entered into partnerships with Vietnamese companies on large joint venture projects in the infrastructure, residential, and tourism sectors. For example, Dubai’s Emaar Properties and Viet Nam’s Bitexco Group are currently undertaking a $1.34 bn project to build a new urban area in HCM City. Real estate sees major changes in 30 years of renovation Vneconomictimes

After years of development, property is now considered a primary industry. Thanks to relaxed property ownership legislation that came into effect on July 1, 2015, more than 1,000 apartments had been sold to foreigners as at the end of last year. This year some 25,000 new apartments are expected to be launched in Ho Chi Minh City, with the high-end segment accounting for 30%.

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Daily Real Estate News Highlights Vietnam - 18 May 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 attraction of the convenient modern apartment in the heart of Ha Dong Cafef

The business man complex tower located in the heart of Ha Dong holds 100% intelligent utilities and decorated with modern, and precise style. This is a complex of luxury apartments, offices, hotel and commercial center, with a total investment of VND1,200 bn. Buying a flat at the price of over 1 billion with 0% interest rates until receiving a delivery notice. No storm benefits Phu Quoc real estate

The Businessman Complex Tower

Incentive policies, good natural conditions and a prime location give real estate projects, especially the luxury projects in Phu Quoc the best potential to grow and attract investors. The specific policies for Phu Quoc helped it to gain approval for 65 projects with an area of 1,709ha in the last two years. So far, the island was home to 236 projects with the total investment of about VND312 trillion HCMC: How is home-buyers’ preference nowadays

Luxury Projects in Phu Quoc

bizhub

Cafef

Home-buyers nowadays pay more and more attention on utilities and living environment in where they will stay. This is a good foundation for methodically-invested projects, but might also spell the end for projects with wrong investment strategy. In HCMC, high-end properties that are developed lately have shown a visible difference in design, as well as residential utilities compared to older projects. More affordable housing needed in HCM Bizhub

The report, sent to the city’s People’s Committee early this week said there would be stronger investment this year in social housing and affordable commercial housing projects, as well as serviced apartments, office space and industrial properties, thanks to the anticipated liberalisation of trade under the upcoming Trans Pacific Partnership agreement. Vietnam real estate firms want ‘unfair’ tax policy scrapped News

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

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Daily Real Estate News Highlights Vietnam - 19 May 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.

Gaw Capital resuscitates plan for Park City project Vietnam Investment Review

Gaw Capital Partners, a Hong Kong-based real estate private equity firm, is advancing plans to realise the Park City project in Ho Chi Minh City, which has been delayed for more than nine years. The investment in Park City marks a significant move by Gaw Capital Perspective of Park City Project Partners to increase its presence in Vietnam. Home loans with 0pct interest rate Ebankplus

In order to help customers to easily own apartments of the Park 10 Master Premium project, the property developer has coordinated with VietinBank to launch a special program, offering the interest rate of 0 percent per annum with grace period of up to 24 months. The homebuyers can borrow up to 80% of apartment buying fee. Experts decry realty profit transfer rules

Park 10 Master Premium Project

Bizhub

Under the established tax regulations, firms are allowed to use the profits of other businesses to make up for losses incurred in their real estate business. However, if the real estate alienation business earns profits, these profits must be declared separately for tax calculations and cannot be used to balance losses elsewhere. More foreigners are buying apartments in Vietnam Vietnam Net

A report of the HCMC Real Estate Association sent to the HCMC authorities showed that 700 foreigners have bought high-end apartments and the buyers are willing to pay high prices if they can get apartments which can satisfy them. HCMC attracted $1.3 billion worth of foreign direct investment (FDI) into the sector. Vietnam stands at the vanguard of an ascendant Asia-Pacific Vietnam Investment Review

Vietnam stands at the vanguard of an ascendant Asia-Pacific. The country’s economy continues to grow with a purpose and stamina that is matched only by the ambition and entrepreneurial spirit of its people. Vietnam’s tourism sector in particular presents a huge growth opportunity that promises to boost the country’s economy while simultaneously raising its international profile.

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Daily Real Estate News Highlights Vietnam - 20 May 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.

Le Jardin launched, bringing ultimate choice for green living homebuyers Bizhub

Located in the most beautiful area in Phu My Hung City Centre - the Southside District which is positioned as the high-end residence zone in our international-standard city centre, Le Jardin has the lowest construction rate and highest greenery rate, and offers residents a healthy living environment. Why should we buy the Valeo Dam Sen Complex?

Le Jardin Project

Valeodamsen

This project is one of the biggest real estate in Tan Phu District in terms of both size and total investment. The project has a total land area of around 50 hectares to build, provides a variety of products traded adjacent apartments, villas, hotels, commercial and service areas gadget comes system. Valeo Dam Sen Complex Project HCMC property developers: Northward Doanh Nhan Sai Gon

While property giants like Sun Group, Vingroup and TNR Holds are expanding investment in the southern real estate market, some property investors in HCMC are planning to penetrate the northern market because the housing demand in Hanoi is still there, especially in affordable apartment segment, so the matter here is providing high-quality buildings and keeping commitments to customers. Three US investors plan $4 billion real estate project in Thu Thiem Vietnam Investment Review

US companies Steelman Partners, Cantor Fitzgerald, and Weidner Resorts are looking to build a USD 4 bn multifunctional project in Thu Thiem new urban area. The project is going to have an area of 11 ha and is to be built in about three years. It is going to be the biggest investment by US private companies in Vietnam. Novaland performed more than 20 projects from May 20 to May 22 Tuoi Tre

Novaland will hold the event ‘Exhibition of Novaland projects’, introducing about 20 outstanding projects, at Podium Hall - First floor of the Sunrise City - Central Towers, located at 25 Nguyen Huu Tho Street, Tan Hung Ward, District 7. In Q2-2016, the real estate market develops positively and stably, like many experts have predicted. The liveliness in transactions span over many segments, in which mid- and high-end segments account to 48% and 36% the market shares.

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Daily Real Estate News Highlights Vietnam - 23 May 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.

Incentives when buying Vista Verde premium apartments Vietnam Net

CapitaLand (Singapore) and Thien Duc Construction have recently worked with the Seareal to co-launch preferential sales programs for high-end apartments at Vista Verde. Located in HCMC’s District 2, the project covers 2,52 ha, comprises of four blocks with 33-35 floors, and provides 1,152 apartments measuring 45-193m2. Vista Verde will hand over apartments in Q1-2017. HOLM unveils Vietnam’s most exclusive riverfront residences Vietnam Investment Review

Centred on sumptuous exclusivity and marking HOLM as one of the most singular property unveilings in HCMC, each of the invitation-only evenings is set to include private viewings of the 5-star ambience found only at HOLM. HOLM takes full advantage of over 200m of water frontage. The 29 residential villas will ultimately comprise 11 riverfront villas, six pool villas and 12 garden villas, each with a private parking garage HCMC real estate market has hidden risks

Vista Verde Premium Apartments

HOLM Residence Project

Cafef

The non-transparency of HCMC real estate market has many hidden risks, affecting customer confidence. According to study, high-end apartment projects in District 7 all have their investors announcing to enjoy a sales rate of over 90%, and they often increase sales price after each phase sales event. However, property brokers still continue to affirm that as long as there is demand, there will be always supply. Sanyo Homes joins Vietnam real estate market The Saigontimes

Sanyo Homes, a housing and apartment developer from Japan, has recently joined Vietnam real estate market via its partnership with Hoa Binh Corporation. Previously, there are also some Japanese investment funds which have arrived to the market and are currently accelerating their investment. Japanese hospitality investor docks at Da Nang city Bizhub

Route Inn Group from Japan will develop a coastal resort, the first of its kind in Viet Nam, with total investment of US$18 million. The project aimed to increasing investment flows and tourists from Japan to Da Nang and central region in the near future. The head of Da Nang City’s liaison office in Tokyo and Yokohama, said that the resort which encompasses 4ha, would be scheduled for operations later this year. 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 - 24 May 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 Topping out Cecremony of Five Star Garden Bat Dong San

GFS Group and their officially distributor co-orgranized the topping out cecremony of Five Star Garden, which attracted many vistors and there were about 30 successful transactions on this occasion. The project is located in a convenient location and close to public facilities. It also has a business center, restaurants, pool, and especially high ecological garden. Vinhomes Dragon Bay - The worthiest project to invest in Ha Long

Five Star Garden Project

Bao The Thao Van Hoa

Vinhomes Dragon Bay is considered as an outstanding project in H1-2016, which is greatly anticipated by property experts, home-buyers and investors, thanks to its undeniable attraction power. The project has many advantages such as the prime location, high profit-generation rate, strong possibility for asset added values, ensured legality and the commitment of the reputable investor Vingroup. Hoa Sen Group forays into property sector

Vinhomes Dragon Bay Project

The Saigon Time

Hoa Sen Group (HSG) on May 19 broke ground for a hotel-shopping complex comprising shopping mall, four-star hotel, convention hall, restaurants, cafes, and luxury apartments, in the mountainous province of Yen Bai, marking its first foray into the real estate sector. HSG said it had chosen Yen Bai to implement the project as the northern province holds huge tourism growth potential. Parkson shut down: a sad ending for a retail brand Vietnam Net

After a long time of gloomy business, two trade centers of Parkson in Hanoi and HCMC are both shut down hastily. Its competitors do not have a brighter picture, either. According to market surveys, total retail floor area in HCMC and Hanoi has exceeded over 1 million m2. While the supply increase, most of the floor area concentrates in outskirts, making average hiring prices in both cities decrease by 10%. Domestic genuine estate to see ’hot’ development Greeting Vietnam

The selling prices of high end apartments in Ha Noi and HCM City have seen strong growth amid increasing land prices and the resort segment has been crowded as Viet Nam had emerged as one of the new destinations for resort development while industrial real estate was also expected to strongly develop when multinational groups expand their operations in Viet Nam to take advantage of the TPP. 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 - 25 May 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: 6-star coastal villa project Vinpearl Luxury Villas Vnexpress

Vinpearl Luxury Villas has become a top destination of high-end tourism segment, with valuable customers. Located at a prime location on Hon Tre Island with view upon Nha Trang Bay, one of world’s most beautiful beaches, the project comprises of 84 wonderful coastal villas, attracting domestic and foreign villa buyers Vinhomes Metropolis - Perfect Value of Living

Vinpearl Luxury Villas

Vinhomes Metropolis is a combination of modern architecture and a touch of classical elegance. This luxury apartment promises to bring its residents an experience of staying in a 5-star resort inside their house. As expected, Vinhomes Metropolis Lieu Giai will be launching in June 2016 Novaland offers promotions at new exhibition

Vinhomes Metropolis Project

Chung Cu Vinhomes

Bizhub

Real estate developer Novaland on May 20 opened an exhibition displaying information about its 30 projects include apartments, office-tel, houses, and villas from the standard to luxury level. at Sunrise City – Central Towers in District 7. Joining the exhibition, visitors and buyers will receive lucky vouchers winning vouchers discounted by 1 per cent and many other prizes, including a BMW 320i and Honda Shi. VinaLiving scoops three awards at Asia Property Awards 2016 Vietnam Investment Review

VinaLiving, a prestigious real estate brand belonging to VinaCapital which is a leading investment management and real estate development firm in Vietnam, recently became the recipient of three major awards presented at the 2016 International Property Awards in Kuala Lumpur. This is the sixteenth time that VinaLiving has been recognised at this prestigious event How does property giants with trillion dong capital plan for business? Xa Luan

By accounting to three major property firms who are concentrating investment in housing segment for low-mid income earners, the supply of affordable apartments in 2016 is expected to reach over 15,000 units. In accordance, Nam Long Group expects to sell 3,190 units in, Sacomreal expects to sell 2,000 products and Hoang Quan Company plans to launch the sale of at least 10,000 apartments in 2016.

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Daily Real Estate News Highlights Vietnam - 26 May 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.

Sample home at Summer Suites attracts customers Cafef

The investor CapitaLand and the distributor Dat Xanh co-organized the inauguration sample home of Summer Suites - the most beautiful apartment tower at Seasons Avenue project. At the event, the investors provided visitors with experience to try out in Singaporean living standard in each apartment with beautiful view, premium utilizes and vast greenery. Many new utilites have appeared in Gamuda Garden

Summer Suites Project

Dan Tri

Hanoi’s most livable township Gamuda Gardens has recently launched new utilities, contributing to the completion of high-class infrastructure, meeting living demand of the township’s residents. The new utilities include a trade center, the healthcare center 3 Son, two kindergarten Little Maple and Blossoms, the fuel providing and trade-service center Red River. The Fine for Selling on Papper

Gamuda Gardens Project

Tin Nhanh Chung Khoan

Bitexco was fined 150 million because of raising capital and selling commercial housing in the form of advance payment for the construction developments. Specifically, Bitexco signed 97 contracts of capital contribution and purchase with the client before the construction had completed. VietHome Expo 2016: create green-apartment trend Bao moi

In order to boost the liveliness of the apartment-for-sale market, VietHome Expo 2016 will be held in July 2016, in order to promote apartments with prices that suit their true values, providing more selections for residents to have a long-term home. In fact, customers have also become smarter to pay more attention utilities and living environment at their new home. Build regulating lake and bridge to sell housing Tuoi Tre

On May 18, Novaland has begun the construction of a 3.6-haregulating lake, located in the heart of Lakeview City (District 2, HCMC) - a township project that spans over 30 ha on a street paralleling the Long Thanh - Dau Giay expressway. This is not the first time that property giants in HCMC invest hundreds, or thousands of billions dong to develop infrastructure.

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Daily Real Estate News Highlights Vietnam - 27 May 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.

Lauching Ceremony of the Ecolife Capitol model apartments Tin Nhanh Chung Khoan

The Capital Investment and Commerce JSC (Capitol House) held a launching ceremony of the Ecolife Capitol model apartments in Hanoi on May 21 which attracted more than 200 customers attended. In addition, when buying home on this occasion, the customers would have 5-year free housing service fee and zero interest rate until receiving home. Southern Dat Xanh exclusively distributes Sky 9 project

The Ecolife Capitol model Apartments

Bao Dau Thau

Southern Dat Xanh, National Housing Organization (N.H.O) and Techcombank have signed a cooperation and guarantee agreement for Sky 9 project located at district 9, Ho Chi Minh city. Southern Dat Xanh will exlusively distribute N.H.O’s apartments with price from VND 765 mn per unit. In this project, Techcombank will provide financial and guarantee services. HCMC retail space reached VND 1.13 mln per m2

The Sky 9 Project

Tin Dia Oc

According to the latest statistics in early May 2016, HCMC now has a total of 131 retail centers, in which 30 of them are located in CBDs, and 101 are in non-CBDs. Total retail floor of the whole HCMC market reaches nearly 1.13mln m2. This year, the property experts forecast that there will be 300,000m2 additional retail floor in HCMC market. Real Estate Market Keeps Growing in 2016 Vietnam Breaking News

The Investment Bridge Newspaper recently hosted a workshop titled “Real Estate Market: Scenarios and Actions” in Hanoi. The event was attended by over 300 business leaders, investors and experts. Most attending specialists shared the common view that the real estate market will rebound strongly in 2016. Vietcombank signs comprehensive agreement with BDCC Vneconomy

Vietcombank has signed a comprehensive cooperation agreement with Bach Dang Construction (BDCC) on May 17. Under the agreement, Vietcombank will respectively provide limit credit contract in 2016 worth $ 600 bn and long-term credit agreement worth 115 bn.

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Daily Real Estate News Highlights Vietnam - 30 May 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.

Vingroup to launch Tuyen Quang shophouse Viet Stock

Realty developer Vingroup will officially launch Vincom Shophouse Tuyen Quang on May 29. The project, spanning 10,357m2, owns the facades of four of the busiest streets. It also owns property in Vincom Plaza near Phan Thiet Lake. The shophouses are between 69m2. and 125m2 each, with the first floor designated for commercial operations and the upper floors reserved for private living spaces Vincom Shophouse Tuyen Quang MoU on resort expansion signed Vietnam News

A memorandum of understanding between the Asia Coast Development Company Ltd and the Cotec Construction JSC signed to co-operate on a US$75 mn expansion of the Grand Ho Tram Strip’s resort complex. The MoU outlines the construction by CotecCons of a new hotel tower, which will add 559 rooms to the complex, increasing total capacity at the resort to 1,100 rooms. The Grand Ho Tram Strip’s resort complex Sadness of low-cost apartments Viet Bao

In 2016, affordable housing products will continue to be scarce. As the demand is still very high, affordable housing prices may as well increase. A survey research indicates that 80% of real housing demand belongs to low-mid income earners. Therefore, apartment projects offering prices of below VND15mln per m2 and sizes of below 70m2 is still most anticipated products. Residential price index up in HCMC but down in Hanoi Vneconomictimes

The latest report on the Property Price Index shows that while increasing in HCMC the residential price index decreased in Hanoi during the first quarter of the year. Many factors contributed to the high sales and price movement including seasonal factors, better construction progress, diversified product types, and flexible and extended payments offered by developers, many of whom adopted aggressive marketing campaigns Khang Dien Co.operates with Coteccons and Khai Hoan Land Tin Nhanh Chung Khoan

Khang Dien Company has signed a comprehensive strategic cooperation with Khang Dien and Coteccons. According to this, Coteccons will be the strategic partner, the general contractor of the designing and construction works of Khang Dien real estate projects in the near future.

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Daily Real Estate News Highlights Vietnam - 31 May 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.

Kusto Home makes the new Diamond Island an ideal home Vietnam Investment Review

Kusto Home Vietnam – developer of Diamond Island – on May 26 announced the ground-breaking ceremony for the new Diamond Island. Taking the advantage of the value of the only island in Ho Chi Minh City, Kusto Home creates a unique island living where the residents can quickly stay away from the hustle and bustle of the city, and enjoy beautiful landscape and unique resort living. Ascott Marks One Year Operating Somerset Central TD Hai Phong City

Diamond Island

Vcci News

On 20 May, CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited celebrated the first year anniversary of establishing Somerset Central TD, the first international serviced residence in Hai Phong. The property is strategically located in a premier centre area surrounded by Central Business District and partly belonged to landmark TD Plaza. 80% of purchases on Phu Quoc by Hanoi buyers

Somerset Central TD

Vneconomictimes

Buyers from Hanoi accounted for approximately 80% of all purchases in Phu Quoc Island’s real estate market, according to the latest report on the island’s market in the first quarter, released on May 23. Following buyers from Hanoi were those from Ho Chi Minh City, with 15%. Most coastal landed properties have been purchased for long-term investment or vacations. Real Estate “Big Player” Eurowindow and Mövenpick Management Enter the Resort Villa Market Vietnam News

hanks to the improvement of the infrastructure in coastal cities from Hai Phong to Ho Chi Minh City and the removal of legal barriers, recently the real estate resort market has witnessed the accession of a series of “giants” with projects worth thousands of billions of Vietnamese dong. 9 of Asia’s most underrated attractions Edition.cnn

Dalat ranking 3rd on CNN’s ‘9 of Asia’s most underrated attractions’ list. Known as “the city of eternal spring,” it was formerly a favorite destination of French colonial rulers keen to reach the cooler mountain climes, away from the humid coasts. Outside the city, rolling pine-covered hills can make anyone forget they’re in Southeast Asia, while swish private golf clubs such as The Dalat at 1200 have taken advantage of the comfortable climate.

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