Monthly Real Estate News | November 2016 by Vietnam Realty

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Daily Real Estate News Highlights Vietnam - 01 November 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.

Entrepreneurs buying houses: ‘One word of prestige, thousands of beliefs’ Doanh Nhan Saigon Cuoi Tuan In order to appreciate customers, Khadi house has recently launched an attractive sales promotion named “Buy luxury villas, get gold of fortune”, offering a symbol of Triple Fortune Flowers worth 3.61 ounce of SJC Gold to home-buyers at Lucasta villa project. Additionally, there Entrepreneurs buying houses: ‘One word of prestige, thouare also many other incentives for home-buyers. Lucasta is a villa sands of beliefs’ project developed by Khadihouse, constructed by Coteccons, sponsored by VietinBank, and managed by a real estate company. The Crescent-last installment of City Garden launched Vietnam Net On October 24, City Garden announced the official sale of the project’s final 160 luxury condominium apartments in the Crescent - the fourth and final tower of the City Garden project. The apartments will be available to the public on a first-come, first-serve basis starting on the The Crescent-last installment of City Garden launched morning of Saturday November 12, 2016, from 9am until noon. Park View Tower sample apartments satisfying customers Doanh Nghiep Vietnam Recently, Park View Tower project, developed by Dat Xanh Mien Bac Company, has welcomed first customers to visit its sample apartments. Located in the new center of Hoang Mai district, Hanoi, with convenient access to urban complexes and synchronous infrastructure of Times City urban area, Gamuda City urban City, the Park View Tower project is an ideal choice for many young families in Hanoi. Afraid that real estate bubble could return due to gap between supply and demand Cong An Nhan Dan One of the current problems of HCMC real estate market is that there is an increase in number of secondary investors, who buy to hire or to resell, mainly the latter. In the high-end apartment and townhouse segment, the number of these investors occupies up to 50pct of customers in each project. According to one of the real estate companies’ survey, they show that even foreign home-buyers prefer to hire and to resell the properties they bought instead of to stay. Saigon New Hospital project told to raise green coverage Vietnam Breaking News HCMC government has told relevant agencies and Binh Minh Import-Export and Trading Production Company (Bitexco) to reduce the construction density so as to increase greenery space for Saigon New Hospital project. The city has also urged the investor to consider building a separate hospital waste facility and not locating the funeral parlor inside the hospital so that the hospital will become a green place with a modern architectural design. 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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 02 November 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.

Gelexia Riverside: ‘3 standards’ project of southern Hanoi Kinh Doanh Aiming at providing customers hi-end apartments with high added value at ‘mid-range’ prices, the Geleximco’s HTL Vietnam chooses Hanoi southern area as the place to invest in and develop real estate projects such as Gelexia Riverside. From the project, customers can go to Ring Road 3 from 40m street, passing CT2A, CT2B, CT3 blocks of the project, helping reduce traffic congestion at Tam Trinh street; go to Tam Trinh street, Gamuda Gardens urban area from 30m street, passing CT1 block.

Gelexia Riverside: ‘3 standards’ project of southern Hanoi

Phu Quoc: Where giant developers boost realty market Vietnam Investment Review With more than 260 developers pledging to invest roughly US$8 billion, the realty market of Phu Quoc has become more bustling than ever. A number of under-construction projects aim to turn the district island into an exclusive economic zone. The race has attracted large property developers: BIM Group, CEO Group, Vingroup and Sun Group, who are seeing the tremendous opportunities, are gearing up investments to develop world-class resorts and recreation complexes.

A view from balcony at Phu Quoc Marina

Result of design contest for Hoa Sen Tower Thanh Nien On October 27th, 2016, a ceremony to announce the result of the building design exam of the Hoa Sen Tower project was held at Rex Hotel by Hoa Sen Group. Of all the 7 building schemes of 7 countries, including Nikken Sekkei (Japan), Korn Architects (Germany), B+H Architects (Canada), DESO Architects (France), Group8Asia (Switzerland), CPG (Singapore) and MCC Viet Nam, the judging board chose the best one to award the first prize worth VND 1.6 billion and 2 second prizes worth VND 490 million. Ultimately, the first prize went to Group8Asia (Switzerland) and the 2 second prizes went to DESO Architects (France) and Nikken Sekkei (Japan). City fails to meet high social housing demand Bizhub The demand for low-income housing has continued to increase in HCM City, but several barriers prevent it from being met. These include inadequate policy support, lack of credit access and cumbersome procedures, market observers say. A study done by the HCM City Development Research Institute estimates 81,000 households and individuals in the city need to rent or buy low-income houses, but very few social housing projects are being carried out in the city. Amusement parks for children: attractive market worth $3 billion Viet Bao Developing amusement parks for children is a lucrative business field with expected profitability of 30 percent. However, investors must have huge capital and continually update products. The ASEAN Stats’ 2015 Report showed that Vietnamese children under 15 years old accounted for 23.5 percent of the population. In HCM City, there are 1.7 million children aged below 16, which account for one fourth of the city’s population. Meanwhile, the existing parks for children can only satisfy a small part of the demand. The high value of the amusement parks for children, estimated at $3.1 billion, and the expected high profitability of 30 percent are the reasons investors’ rushed to inject money into the market in 2014. 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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 03 November 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.

Condotels in Danang see heightened activity Vietnam Investment Review

In the third quarter of this year, condotels were the most vibrant segment of the market, with a significant number of new launches and sales transactions. According to a real estate company, more than 2,800 units were added to the market, increasing the total supply to 5,751 units to date in 2016. New projects coming online in this quarter included Hoa Binh Condotels in Danang see heightGreen, Central Coast, Coco Skyline Resort, and Ariyana Beach Resort ened activity - Coco Skyline Resort (north block). Halong properties prepare ahead for second-home trend Thanh Tra

Developed later than other resort property markets like Danang, Nha Trang, Phu Quoc, Ba Ria – Vung Tau, Halong has quickly prepared ahead for the second-home investment trend with many large-scale and international-level projects. According to report on resort property market of property consulting firms, the most developed but still most consumed Halong properties prepare ahead for second-home trend segment is resort property for sale, including both resort villas and apartments (condotels). Property firms seek to build business links with Dubai Saigon Times Daily

A Vietnamese business delegation is visiting Dubai in the United Arab Emirates (UAE) to sound out business opportunities. As a participant in the forum, Tran Thi Quynh Ngoc, vice chair of Nam Cuong Group, said many Vietnamese enterprises in the field had little experience in developing large-scale projects. Therefore, the group is willing to cooperate with potential foreign partners, especially those with expertise in Dubai. VND20mln monthly income: ‘Happy debt or Lifetime burden?’ Bao Dat Viet

With diverse supply and attractive housing loans offered by banks, home-buyers have a lot of selection. Even a young couple with monthly income of VND20mln per month can still own a mid-end apartment. According to the latest research of real estate Vietnam companies, property supply and demand continue to be stable. Especially, successful transaction rate is still higher year-on-year. In Hanoi, Q3 records 6,800 apartment units, with 5,279 of them successfully sold, up 52pct q-o-q. Real estate FDI cuts by half over-year Vietnam Investment Review

During ten months of this year, foreign direct investment (FDI) inflows to Vietnam have seen a decrease compared to the same period last year. According to the statistics published by the Ministry of Planning and Investment on October 28th, Vietnam’s newly registered and expanded FDI has reached $16.43 billion in ten months of this year, equaling 91.3 per cent of last year’s figure. The newly registered and expanded FDI volume reached $982 million, more than half of the $2.39 billion 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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 04 November 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.

Capitaland and Thien Duc introduced Feliz En Vista project in HCM city Kien Thuc va Doi Song CapitaLand Limited and its joint developer Thien Duc Trading Construction Company Limited have introduced Feliz en Vista, a residential project in the heart of District 2 of Ho Chi Minh City. Feliz en Vista is the eighth residential project under CapitaLand’s name in Vietnam with 873 residential units across three towers and one serviced residence tower. Feliz En Vista project in HCM The serviced residence will be managed by CapitaLand’s wholly-owned city serviced residence arm, The Ascott Limited, under its Somerset brand. Royal Park - Bac Ninh introduces sample home Viet Bao On October 29th, APEC inaugurated sample home of Royal Park project at Bac Ninh City, Bac Ninh Province. The project comprises of two buildings – 6-floor Diamond and 18-floor Ruby, providing 27 Shophouses together with premium utilities. Located in the heart of the city with four fronts, Royal Park - Bac Ninh introducRoyal Park has a prime location with convenient traffic. es sample home Investing in Vinpearl Golf Land Resort & Villas to enjoy attractive sales policies Cafef Resort properties under Vinpearl located in beautiful coasts always have strong attraction power in the resort property market. Recently, Vingroup has once again heated up the market by offering attractive sales policies at Vinpearl Gold Land Resort & Villas. Vinpearl is a resort tourism brand that also owns a chain of 5- and 6-star hotels with occupancy rate of 65-100pct. Additionally, according to a real estate company, Nha Trang property market will continue to grow with trading volume up over 20pct y-o-y. Money flows to villas and townhouses Doanh Nhan Saigon According to Nguyen Hoai An - a real estate expert, since 2016, Hanoi villa and terraced housing segment has recorded the special attention from home-buyers. Property developers also take advantage on this fact to massively launch projects for sales. The supply of the segment grows stably as quarters pass. Also in Q3-2016, many township projects in Hanoi launched their villas and terraced houses for sale, such as Gamuda Land selling Camelia – Gamuda Gardens, MIK Group with Imperia Garden, etc. 5 highlights of VND599 mln full-service apartment 24h A recent research of a Real Estate Company records that has become a more and more important factor to home-buyer’s decision, and the trend of buy-to-hire is becoming more and more common. According to property company, previously, profit generation of buy-to-hire apartments in HCMC was better than of Hanoi. At the present, however, some new projects in Hanoi has been launched for sale with better profit generation, greatly shortening the gap with HCMC. 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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 07 November 2016

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.

Selling Golden Field My Dinh project Doanh Nhan Saigon Cuoi Tuan The sale opening ceremony of Golden Field My Dinh project, developed by Hai Long Land Real Estate Joint Stock Company was held on October 29th in Hanoi. The investor of MBLand offered many policies and gifts to customers such as supportive loans worth up to 85 percent of apartment values, 4 percent discount on apartment values. The 30-floor building is Selling Golden Field My Dinh located at a prime location of My Dinh area facing Nguyen co Thanh project Ham Nghi crossroad. Selling the most beautiful block of Flora Fuji Doanh Nhan Saigon Cuoi Tuan Nam Long, one of the leading privately-owned real estate developers in Vietnam, sells the best block of Flora Fuji with many attractive from October 29. Flora Fuji Residence is the project of Nam Long and 2 Japanese investors Hankyu Realty and Nishi Nippon Railroad. Flora Fuji project is located in District 9 area very convenient for transport and trade Selling the most beautiful block development with key economic regions in the South. of Flora Fuji Japanese property companies continue to flock to Vietnam Vietnam Investment Review The HCM City-based Nha Mo (Dream Home) Corporation has announced it recently signed a comprehensive cooperation contract with The Global Group, a Japanese real estate developer. The Dream Home Palace project in District 8, Ho Chi Minh City will be the first joint project between the two sides. It will offer more than 900 apartments with a price of only VND888 million (US$39,900) each. Foreign capital flows to real estate: Attraction power from the remaining gem of Hanoi Dan Tri Together with the wave of foreign capital flowing to the real estate market, Star lake - a high-end ultra-township located in the remaining golden land lots in Hanoi - is currently an attention-magnet. According to Duong Thuy Dung - a real estate expert, the figure of execution and liquidity capital might be higher than committed one. This is a positive movement compared to the previous hot period of 2007-2008, when committed capital to real estate market even reached up to 25pct FDI capital in Vietnam, but the liquidity figure was very small. SCR’s profits in Q3 hit VND124 billion, a 25-fold increase against the same period a year earlier NHD Vinaconex 3 has recently released its Q3-2016 financial report. In the quarter, the company’s revenue from sales and services achieved nearly VND115bln, down 31pct y-o-y, while cost reduced by 45pct. Thus, even though revenue was down, accumulated profit from sales and services reached VND33.5bln, two-fold y-o-y. Revenue mainly came from properties (VND101bln), while the remaining were generated by sales and construction contracts. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 08 November 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.

2,000 Gelexia Riverside Hoang Mai apartments to be launched VnMedia Nearly 2,000 apartments of Gelexia Riverside project - 885 Tam Trinh, Yen So, Hoang Mai will be launched in the market in early November by Geleximco. The condo complex project covers an area of 3,5-ha, is located in a 7,8-ha housing area in Hoang Mai district with synchronized infrastructure and fully benefits Gamuda Gardens urban area’s infrastructure, one of the best urban areas in Gelexia Riverside Hoang Mai Hanoi. apartments Why Saigon South Residences is so attractive Bizhub Phu My Hung Development Corporation has blown a new wind into the sails of the HCM City housing market this year. Many attributed the hot cake-like sale of units in Saigon South Residences to their affordable prices, support from banks and the developer’s quality standards. Marc Townsend - a property expert said “Phu My Hung has been the most successful foreign developer in the last 20 Saigon South Residences years. The corporation has more than 20 years of experiences in management, leasing, selling, second-resell.” Real estate market heats up thanks to remittance flow Vietnam Investment Review The decision on allowing foreigners to own houses in Vietnam and the expected high growth rate have encouraged “Kieu Hoi”(overseas remittance) flow to Vietnam recently. Marc Townsend - a real estate service provider, said when the first signs of the real estate market recovery appeared in 2014, many people rushed to borrow money to buy houses. However, he now can see a growing tendency of buying houses with money from “Kieu Hoi”(overseas remittance). RoK remains biggest investor in Vietnam Vietnam Economic News According to the Ministry of Planning and Investment’s Foreign Investment Agency, RoK businesses have so far registered more than 5,500 projects with total capital of over US$50 billion in Vietnam. Vietnam was the fourth largest recipient of the RoK’s foreign investment, behind the US, China and Hong Kong, China. RoK businesses invested US$5.58 billion in Vietnam in the first nine months of this year, retaining its leading position among the 65 countries and territories investing in the country. The presence of big grants such as Samsung, Doosan, Kumho, Posco, Lotte and GS has contributed to increasing the attractiveness of the Vietnamese market. It has also provided opportunities for Vietnam to access modern production technologies and participate in the global value chain. Vietnam wants more Indian investments Vietnam Breaking News Deputy Prime Minister Vuong Dinh Hue said: “Vietnam looks to more investment from Indian firms during his meeting with the Confederation of Indian Industry (CII) in Hanoi Wednesday, the Vietnam News Agency reports. Hue proposed Indian firms pour capital into priority fields in Vietnam such as electricity generation, renewable energy, information-technology, apparel and footwear. Vietnam also encourages foreign investors to get involved in expressway projects under build-operate-transfer (BOT) and public-private partnership (PPP) formats”. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 09 November 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.

Japan, Korea, Singapore investors are pouring billions into VN real estate industry Cafef Capital flow from Japan, Singapore, South Korea are strongly arriving to Vietnam real estate market, resulting in more and more foreign-invested property projects. In 2007-2008, committed capital in real estate might reach 25pct of total FDI capital, but the liquidity figure, right after that was very humble. Some noticeable Japan, Korea, Singapore invesinvestment in HCMC is Creed Group investing in City Gate of Nam Bay Bay, River tors are pouring billions into City of Phat Dat and An Gia Investment; Hankyu Realty and Nishi Nippon Railroad Vietnam real estate industry are working with Nam Long Group to develop affordable housing in East Saigon. Realty stays balanced at the top-end Vietnam Investment Review In spite of worries that the real estate market in Vietnam is revealing imbalances between high and mid-end accommodation, experts say such concerns are overblown. Le Ba Chi Nhan - an economic expert said that: “The real estate market of Vietnam should be seen in a broader view, not limited to contrast in affordability”. A property expert said that: “The demand is increasing due to many units being made available under a buy to let format. In the east of Ho Chi Though the real estate market may seem unbalanced, experts Minh City for example, high-end units for leasing occupied more than 30 per cent of the total”. ASEAN banks eye Vietnam’s growth Vietnam Investment Review Smart banks do not want to lose out on a promising market. This goes double for ASEAN lenders which have been seeking opportunities to further their operations in Vietnam and become a part of one of the most vibrant economies in Southeast Asia. It is not only Malaysian banks that have seen potential in Vietnam’s growing markets, other ASEAN banks have also actively taken part in the local banking landscape. How regional banks choose to tap into the local financial market, according to Bangkok Bank’s SerngAdichaiwit, ultimately depends on the strategy of each lender. Enterprises do not pay attention to relations with investors Nguoi Lao Dong On the occasion of VAFE launching on 4th Nov, Vietstock and VAFE organized talk show ‘Investor relations - Tips to increase enterprise value’. Many speakers who worked in financial, stock exchange field commented that listed companies have not increased investor relations, so they did not promote the potential, ability to attract capital. At the VAFE launching ceremony, 5 listed companies have IR activity has the highest vote which is selected by investors such as AAA, Bao Viet Group, Hoa Sen Group, Khang Dien JSC, Vinamilk. VN market to remain volatile on US vote Viet Bao Vietnamese stocks are expected to remain volatile early this week until the US presidential election concludes, while foreign trading will help boost the market at the end of the week, experts have said. Stock indices on the two exchanges suffered four declining sessions this past week, as investors were wary of the market outlook caused by uncertainties in the global markets. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 10 November 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.

Novotel Phu Quoc resort: Sparkling star on paradise island Timeout Famous as one of the most beautiful islands in Vietnam for its naturally endless stretches of white sandy beaches, Phu Quoc will once more appear on the world luxury tourism map as Novotel Phu Quoc becomes the latest resort to earn five-star certification by Vietnam National Administration of Tourism. The large, modern and beautifully crafted resort features 366 luxury rooms including 120 Novotel Phu Quoc resort: Sparkling star on paradise island suites and villas. All rooms boast lush gardens or sea views, with balconies or terraces ideally placed to take advantage of spectacular sceneries. Mercure Bana Hills - Treasure your love Timeout In Mercure Bana Hills French Village, AccorHotels and Sun Group have created a unique setting with a European flavor perfect for romance. For those who wish to celebrate their love intimately, uniquely and away from the day-to-day routines of the city, Mercure hotel on Ba Na Hills provides the perfect place. Those who Mercure Bana Hills Treasure have yet to set foot in the French corner of Ba Na Hills will be mesmerized by this beautiful and unique corner of Vietnam. High profit generation from high-end apartments at Ben Van Don Street Bao Hom Nay According to a real estate company’s report, in Q3-2016, new supply of apartment market receives a total of 8,016 apartments from 23 projects, including 13 newly-finished ones and 10 next-phase ones. Among them, high-end segment occupies 29pct total new supply. Owning a frontal location of Ben Van Don Street with direct view upon Ben Nghe River and The Gold View is said to have high profit generation. Flock to Hanoi to seek customers and call investment: Investors are ‘suffocated’ Vf-press Projects from across the country can meet sufficiently demand on investment diverse ownership of customers about high-end apartments, condotels and resort villas. Commenting on year-end Hanoi real estate market, Nguyen Hoai An – a property expert said that: “The market is still expected to continue smooth operation in this year’s last quarter, as property developers are renewing themselves with new sales plans.” However, she added that a project’s absorption rate depends on many factors. If the project has criteria that meet practical demands of customers, then it will sell well, and vice versa. Nghe An economic zone willing to host cement plant Saigon Time Daily VND599 million per unit. The authority of Dong Nam Economic Zone (EZ) in Nghe An Province has asked relevant ministries to approve a cement plant project in the EZ. The plant will be developed by Nghe An based Vicem Hoang Mai Cement Joint Stock Company in two phases on 122.5 hectares in the EZ. It will contribute to restructuring the economy in Hoang Mai Commune, Quynh Luu District in specific and Nghe An Province in general, with a focus on services and industrial production rather than agriculture. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 11 November 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.

Dalia Garden: Affirming the brand Nam Long Can Tho Thi Truong Bat Dong San Known for its affordable Ehome brand and the Nam Long Home line for villas and townhouses, Nam Long is one of few Vietnamese developers, and is among the first in the market. This has helped them to attract high calibre overseas investors and development partners. With it comes a new project in Can Tho named Dalia Garden, Nam Long one again proving A new project in Can Tho itself as a leading firm in real estate market. Only 2 months after the first named Dalia Garden - Affirming sale, Nam Long sold 130 out of 146 lots. the brand Nam Long Can Tho Resort properties: Be careful with profit-commitment model Nhip Cau Dau Tu According to Duong Thuy Dung – a property expert, most of resort property buyers are financial investors. If buyers are not used to the profit-commitment model, buyers can easily be tricked. Normally, investors commit to pay buyers an amount of profit based on the property’s sales price for a certain period, which guarantee customers’ benefits. Logically, however, if the property is easy to sell, then it would not need any commitment. Real Resort properties: Be careful estate markets in other countries offer no commitments, but still sell well. with profit-commitment model Rebuilding old condos needs transparency and consensus Saigon Times Daily Transparency and consensus between the municipal government, businesses and residents on site clearance, construction and resettlement are needed to accelerate the upgrade of old apartment buildings in HCMC, an opinion shared by many participants in the workshop on old apartment improvement held by the HCMC People’s Council last weekend. Meanwhile, HCMC has just asked the Ministry of Construction for permission to empower its districts to speed up the reconstruction of old condo buildings in the city. Norfolk Group Marked The 25th Anniversary In Vietnam Timeout Norfolk Group has celebrated its 25th anniversary at Norfolk Hotel, the remarkable venue that marked the first start of Norfolk Group in Vietnam. Norfolk Group is an international private equity real estate company focused on investment, development and management of self-owned projects with a strong presence in the Vietnam market. In 1991, Norfolk Group was established as one of Vietnam’s first foreign companies pioneering international standard real estate developments that changed the face of the central business district of Ho Chi Minh City. Vietnam – Bulgary cooperation opportunities expanded Vietnam Economic News In terms of attracting FDI, Vietnam has attracted 11 projects from Bulgarian enterprises with a total registered capital amount of $58 million, increasing by 4 projects and $22 million in comparison to 2015. That includes the cooperative projects worth over $10 million between Bulgatabak and Vinataba. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 14 November 2016

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.

Phu Quoc: “From zero to billion-dollar paradise” Bat Dong San Phu Quoc is changing with an unbelievable pace and becoming an attractive destination to both tourists and investors. According to a real estate company, two years ago, tourists only stayed for 2-3 days and the number of returning tourists was very humble – only 5pct of total number of tourists visiting Phu Quoc per year. Over two years, everything has Phu Quoc: “From zero to bilchanged; with the development of airport, new traffic system, and many lion-dollar paradise” large-scale resort and hotel projects. The most outstanding among them is Sonasea Villas & Resort developed by CEO Group. Low-cost apartment supply sources ‘booming’ in the Southern areas of Hanoi Vn Media Hanoi real estate market has recently witnessed huge supply sources of apartments coming from the city’s southern areas. In particular, many condo projects were restarted after many years of slow implementation. Low-cost apartment supply Some of outstanding projects in the area are Gelexia Riverside apartments, sources ‘booming’ in the Southern areas of Hanoi The Two Residence apartments and Hateco Hoang Mai apartments. Japanese acquisitions intensify in real estate sector Vietnam Investment Review Instead of making directly investments, Japanese enterprises in recent months have started setting a foothold in the Vietnamese real estate sector via co-operating with domestic developers. In its latest move, on November 8th, Nam Long Investment JSC (Nam Long), two Japanese firms - Hankyu Realty Co., Ltd. and Nishi Nippon Railroad Co., Ltd signed an agreement to develop the Kikuyu Residence project located in District 9 of Ho Chi Minh City. Viet Nam Property Awards returns for the 3rd year Bzhub Property Guru - Asia’s leading online property group, and Kohler sponsor have announced that the third annual Vietnam Property Awards will be held in June next year. Speaking at a press conference in HCM City, Terry Blackburn, Asia Property Awards founder and managing director, said the awards would celebrate best property developers, projects and designs in the country’s top-tier markets of HCM City and Ha Noi, as well as exciting resort destinations of Phu Quoc, Da Nang and Nha Trang. How was Gamuda City complex established? VnExpress In terms of attracting FDI, Vietnam has attracted 11 projects from Bulgarian enterprises with a total registered capital amount of $58 million, increasing by 4 projects and $22 million in comparison to 2015. That includes the cooperative projects worth over $10 million between Bulgatabak and Vinataba. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 15 November 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.

Foresa Villa - Open for sale silently but gain breakthrough in transactions Dien Dan Daonh Nghiep

Not having grand marketing strategy, it is surprising that 94pct of low-rise housing products at Foresa Villa are sold-out within less than one year of sales. The strongest attraction power of Foresa Foresa Villa - Open for sale Villa lies in the potential of added value mainly due to being located in a golden land lot for villas adjacent to Cau Giay – Nam Tu Liem – silently but gain breakthrough in transactions Ha Dong. According to a real estate company, villas in the mentioned areas have increased in prices by 10-20pct within two years. Park View Tower project’heating-up’ Thoi Bao

Park View Tower has received much attention of customers on its design of smart apartments. The project is only 5 km from Hoan Kiem Lake, 700 meters from Times City and 5-minute transport to Gamuda City - Yen So Park. The Park View Tower project also ‘inherits’ diversified internal and external utilities. Potential risks threaten real estate market

Park View Tower project

Thoi Bao Ngan Hang

According to Le Hoang Chau, Chairman of HCMC Real Estate Association, even though the real estate market is still in its cycle of growth, but there are now signals of slowing down. One of the problems is the increase of the number of secondary property investors who prefer buy-to-resell, hiking the prices of properties they bought. According to a real estate company, 38pct of home-buyers are to hire; 28pct are to resell, and only 29pct are to stay. Pearl Island Needs Wise, Responsible Treatment Saigon Times Daily

Phu Quoc Island is on the path from a construction site to a tourist heaven However, to reach this targets, Phu Quoc requires not only an investment boom but also a fresher and cleaner environment. The island should be both a special economic zone and a smart island to become a safe and attractive destination which is unique. Most domestic giants, such as Vingroup, Bim Group, Sun Group and CEO Group, have clinched deals on the Pearl Island. Foreign¬invested projects on Phu Quoc Island now include the 400-room Novotel Phu Quoc Resort under the Somasea Villas & Resort with an investment of VND4.5 trillion of a VND10 trillion complex project. Phu Quy Land is the exclusive distributor of the CT2-B Gelexia Riverside The Thao Van Hoa

Phu Quy Land has become the exclusive distributor of Gelexia Riverside’s Block CT2-B, developed by HTL of Geleximco Corporation. The Gelexia Riverside project consists of 4 buildings of 31 - 33 floors with plenty of utilities. Of which, the block CT2-B is seen as the most beautiful building of the project with amazing views on Yen So park and Gamuda Garden urban area. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 16 November 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.

Sacomreal and NKID set up a new real estate firm Bizhub Sacomreal and Nguyen Kim Investment - Development JSC (NKID) have joined hands and set up the Kim Thanh Real Estate JSC. Kim Thanh total chartered capital amounts to VND20 billion, with 59 per cent from Sacomreal, 40 per cent from Nguyen Kim and 1 per cent from individuals. The company will be a subsidiary of Sacomreal, as per the decision of Sacomreal and NKID set up a new real estate firm Sacomreal’s management board. Real Estate Awards 2017 comes back Vietnam Nguoi Lao Dong On November 9th, PropertyGuru - Asia’s leading online property group has launched the annual Vietnam Property Awards 2017, which seeks the finest real estate developers and properties in the country. Now in its third year, the Vietnam Property Awards has become one of the most-awaited industry events of the country’s real estate calendar. Last year, Nam Long Real Estate Awards 2017 Investment Corporation crowned as the year’s Best Developer. Vietnam Golden opportunities expected for financial investments Vietnam Net A series of large state-owned conglomerates are being equitized and the state is moving ahead with the plan to divest its shares in profitable enterprises. Many family-run businesses are calling for investment. These trends point to Vietnam becoming a more attractive destination for financial investors. The information about the IPOs of private enterprises has caught investors’ special attention. In an interview with Nikkei Asian Review, a representative of Vietjet Air said the private air carrier plans to have an IPO in 2016. Apartments priced below VND1bln return Nguoi Lao Dong From now up to 2017, many affordable apartments priced below VND1bln will be launched for sale by many investors. According to the most recent reports of property consulting firms, the supply of high-end and mid-end apartment segments year-to-date always occupied a high rate, while affordable one was more humble. The trade volume of affordable apartments in HCMC is forecast to increase sharply in 2017 thanks to rising demand. To catch up with this trend, L&L Group is developing affordable projects to provide 49-70sqm apartments priced below VND1bln each. Multi-house tax proposal causes stir Vietnam Investment Review The idea of taxing those owning multiple houses, in a bid to prevent speculation, is causing a stir over whether such a tax is feasible, and the impact it might have on the housing market. The market has recently been heated, following the disclosure that the finance ministry was studying a draft on collecting a housing tax from those owning more than one house. The idea was also raised five years ago, but rejected.

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Daily Real Estate News Highlights Vietnam - 17 November 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.

Lavila introduces 30 more beautiful garden villas Thi Truong Bat Dong San

Officially introduced as of September 25th, Kien A Group has sold over 120 garden villas at LAVILA project. In order to meet increased buying demand, Kien A Group in November will launch 30 final garden villas within the most beautiful locations in the LAVILA project. The project has Cosaco as a main contractor, SWA as an architecture designer and SALA as a scenery designer. Central City to adjust 2030’s Master Plan

Lavila project

Bizhub

The central city of Da Nang has submitted an adjustment to its master urban plan for 2030 - 2050 to Prime Minister Nguyen Xuan Phuc. The city’s administration said: The master plan was approved by the Prime Central City to adjust 2030’s MasMinister Nguyen Tan Dung in 2013, which needs to be changed in ter Plan accordance with rapid development in the last three years. Generation ‘Y’ in Asia - Pacific: Creating a new life trend in the region Thi Truong Bat Dong San

According to a recent survey, Generation ‘Y’ (also known as Millennials – people who were born from early 1980 to early 2000) in Asia-Pacific hold their priorities for long-term life as per other generations, even though their awareness is still shallow. One expert states that:” Generation ‘Y’ will change the playground of companies in the region. Their priorities and behaviors in daily life, work and entertainment will form the economy, bring out new definition for perceptions on the design and functions of workplace and lead new perceptions regarding consumption and experience in near future.” Cash Pumped Into Midmarket Property Vietnam Business Forum

The property market of Vietnam is getting more vibrant towards the end of the year, the real estate market driven by the stronger demand and successful deals. The mid-range market segment is still the strongest magnet to cash flows. According to a real estate company, a property consulting firm in 2015 was a record year of apartment liquidity with a total of 57,000 units that were sold in Hanoi and Ho Chi Minh City. Although the market slowed in the second quarter and deals in two major cities were estimated at 37,000 units in the first nine months of 2016. Monetary policy supports economic growth Vietnam Investment Review

A flexible monetary policy supported stability in Viet Nam’s financial market and fostered economic growth this year - a National Financial Supervisory Commission (NFSC) official said in Ha Noi last week. NFSC Vice Chairman Truong Van Phuoc said M2, which is broadly known as a measure of the nation’s money supply; including cash, checking deposits, savings deposits, money market securities, mutual funds and other time deposits, increased 13 per cent this year. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 18 November 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.

Which apartments are attracting customers at year-end? Cafef There are about 50,000 newly married couples in HCMC with a small budget looking for affordable apartments. Flora Fuji Residence is an affordable project of Nam Long and two Japanese investors: Hankyu Realty and Nishi Nippon Railroad. It attracts many customers because of its attractive price and its quality. Recently, Nam Long Investment JSC Which apartments attracting has also concluded a new contract with two Japanese partners for a new customers at year-end? - Flora residential development in HCMC’s District 9 named Kikyo Residence. Fuji Residence Japanese capital still poured into property Saigon Dau Tu Tai Chinh In addition to the usual South Korean and Singaporean investors in real estate sector, the Japanese are emerging with a range of projects. Japanese investors prefer to acquire projects which have completed investment procedures and they are coming into the construction phase, rather than joining them from the beginning. They have shown a special preference for projects which are coming into operation and starting the Japanese capital still poured turnover collection period. into property Southern property investors penetrate into the Northern market Lao Dong Thu Do Year-end real estate market is lively with the direct penetration of many southern property investors into northern market. There is also the rise of secondary property investors. Even though they also buy-to-let, these investors mainly buy-to-resell, especially in high-end and mid-end property segment, occupying up to 50pct of products at a project. Even foreign home-buyers in HCMC; According to a real estate’s survey, also prefer to be secondary investors who buy house to hire and to resell instead of staying Housing sector keeps developing Vietnam News “The housing market will continue to develop such as the mid-range apartment and townhouse segments, thanks to the improved quality of the country’s economic growth” - experts told a conference in HCM City on November 15th. Le Anh Tuan – a realty expert told the conference titled “Real-estate: Building the future” that “Viet Nam is among top emerging markets in terms of GDP growth. Furthermore, its quality of growth is good as seen from the reducing credit growth and inflation in 2015-2016 compared with 2004-2011. Private consumption has also surged”. SBV to change foreign currency lending rules Vietnam Net The State Bank of Viet Nam (SBV) is drafting a new circular on foreign currency lending. Under the draft circular, credit institutions and foreign bank branches will be allowed to continue giving loans in foreign currencies to some borrowers till the end of 2017 instead of early 2017. The draft circular will replace the existing Circular 07/2016/TT-NHNN that was issued early last year.

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Daily Real Estate News Highlights Vietnam - 21 November 2016

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.

Co-working offices new trend in Vietnam Vietnam Breaking News

Co-working offices are becoming more common in Vietnam, especially in the large cities such as Hanoi and HCM City. They can help businesses save more money and improve working conditions. One expert said that:” Co-working offices are an effective working environment that helps people work creatively”. These are many reasons why co-working offices Co-working offices new trend in have been expanding rapidly in Hanoi and HCM City. The first co-working Vietnam office appeared in Vietnam many years ago. In 2006, G-Office, serving as ‘shared office’, was launched at IndoChina Park Building on Nguyen Dinh Chieu street in District 1, Ho Chi Minh City. South Phu Quoc - a magnet for real estate investment Vietnam Investment Review

Steadily growing tourism, increasing frequency of non-stop international flights to the island, and the reasonable price of vacation real estates are making Phu Quoc an attractive destination for domestic and foreign investors looking for a second home. Traffic linkage a key for riverfront villa development

South Phu Quoc - a magnet for real estate investment

Saigon Times Daily

As the center of Ho Chi Minh City has seen critical traffic congestion, outlying areas such as districts 2 and 7 have the need to improve infrastructure and traffic linkage, giving a chance for real estate developers to meet customer demands with suitable projects. A typical project of this tendency is Nine South estates located on Nguyen Huu Tho in Saigon South. Not only Vingroup, but also investors from Thailand, Japan and France tackle Vietnam retail market Cafef

Vietnam retail market is evaluated as one of the liveliest and the most attractive location in the South East Asia, with the population of 90mln people, average income is US$1,890 per capital, golden ratio of population structure (60pct of youth consumers), with high urbanization rate. The market is becoming a promising land and destination for investors, especially foreigner. For example, the increasing of Simply Mart (supermarket of Auchan Group) proved that foreign retailers in Vietnam market are highly developed. USD/VND exchange rate hits record high Vietnam Investment Review

This is the highest rate since this year’s January launch of the new fixing mechanism, wherein the central bank announces a central reference rate for the dong/dollar each day based on an eight-currency basket and macro conditions. Compared with earlier this year, the rate rose by 0.96 per cent. The US dollar has been strengthening against the VND, both on the official and unofficial markets, after the US presidential election result was announced on November 9th. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 22 November 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.

Doubling value - buying luxury ecological Lucasta villa Thoi Bao Kinh Te Saigon

Having the intention to plan a high-end eco-villa project for many years, investor Khadihouse purchased land at Luscata project, before the housing fever increased land values. Luscata promises to provide the topmost quality of life for its residents. Real estate transactions increasing in Eastern areas

Lucasta villa

Robb Report

Terraced housing and villa segments in East Saigon show better prosperity compared to other areas in HCMC. District 2 is considered as the hotspot of the market, as trading volume of terraced housing and villa projects in District 9 has increased by 10pct year-on-year. This report also showed that unlike in 2015 when the segment in Lakeview City in District 2 District 9 occupied new supply, 2016 witnesses the rise of Lakeview City in Q2 and Palm Resident in Q3. Warburg Pincus and VinaCapital establish $300 million hospitality joint venture Vietnam Investment Review

On November 17th, Warburg Pincus - a leading global private equity firm and VinaCapital – the asset management firm announced that the establishment of a joint venture is spanning over development, acquisitions and operation in the hospitality industry across Southeast Asia. The $300-million joint venture is expected to become Vietnam’s pre-eminent hotel platform and looking to expand into other to leading hospitality markets in Southeast Asia. Effective solution for retailers The Thao Van Hoa

Retail and consumer market in Vietnam is one of hottest-growing sectors of the country’s economy. According to a report “Liveliness of retail markets in Asia – Pacific 2014”, Vietnam is one of top potential and highly-evaluated retail markets in the region, thanks to youth population structure, increasing buying power and the rise of middle-class. Don’t be lost in pouring capital into the real estate Dien Dan Doanh Nghiep

According to the report of Vietnam Real Estate Association in nine months of 2016, there is two-third of 12,000 new apartments launched for sales belonging to mid-end and high-end segments. In HCMC, the period of 2016-2017 will see an additional supply of 57,000 high-end products. Warnings on unbalanced supply-demand in high-end properties, which is not only from managing authorities, but also from long-standing property consulting firm.

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. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 23 November 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.

Bitexco launches executive office suits for lease Vietnam Investment Review Bitexco Financial Tower has officially released office suites in the luxurious top floors (53 to 65) for lease. Bitexco will have special offers on the rental rate for signed contracts from now till end of December 31st, 2016 for occupation in 2017. With the executive office floor areas atop the office Bitexco Financial Tower has tower for rent totaling 3,186 square meters, Bitexco Financial Tower is the ideal destination for a prestigious office in Ho Chi Minh City with officially released office suites prime location and international office quality standards of construction in the luxurious top floors (53 to 65) for lease and management. Realty boom at year-end Vietnam Investment Review As 2016 races to a close, the local real estate market looks to be entering into a period of both increased supply and demand. Hanoi market has seen an increasing demand for apartments in the West and the South of the city. The majority of projects are mid to high-end grade. In Ho Chi Minh City, the market has been more active driven by an assortment of apartments, villas, and townhouses. There are a number of projects with Realty boom at year-end - La a price point of VND1billion ($45,600) per unit or less, such as La Astoria, Astoria in District 2 Moonlight Residences, Richmond City and Ehome S Phu Huu. World’s luxury lakeside properties Doi Song Phap Luat Among world’s top luxury lakeside properties, there are lakeside villas of West Lake in Hanoi. West Lake is the area that gathers many billion-dong villas thanks to advantageous location and sufficient green and water space. The location of West Lake is always highly evaluated by consulting property firms as one of the capital’s top valuable areas. An unlicensed film studio built in Gamuda City project Bizlive Gamuda City project was developed by Gamuda Land Vietnam. It is located at Yen So ward, Hoang Mai district, Hanoi. In the overall project, Hanoi Department of Construction gave approval of the company’s operating building on the land lot HH2. However, when the building’s construction has not been completed, a new film studio namely Santorini Park was established without any license from the local authorities. Support nearly VND4bln for poor people suffered flood in the central region Cong An Responding to the call of Vietnam Fatherland Front with the tradition of compassion. On October 18th, They held a press conference to introduce the HCMC Police Newspaper Charity Golf Competition 2016 – For the Central. The competition this year has Sabeco as the main sponsor, as well as other golf associations and companies such as NIPPON Pain Vietnam, Vingroup, Hoa Sen Group Handee Vietnam and Asanzo Vietnam, etc. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 24 November 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.

Saigon’s roads have many real estate projects Soha

Nguyen Huu Tho Street, Hanoi Avenue, Nguyen Huu Canh Street, etc are all important traffic routes in Saigon that have advantageous locations, resulting in many property projects being developed along them. Among these is Do Xuan Hop Street, which is an area with strong attraction power to property investors for having many important routes. For example, Flora Anh Dao of Nam Long Group is one of first high-rise projects on this street. Condotels in Halong attract tenants

Flora Anh Dao is one of first highrise projects

Bat Dong San

The trend for buy-to-let condotels has become popular in Halong real estate market (Quang Ninh), as the profit generated from this segment is very high. According to recent research, rental potential is becoming more and more of an important factor for influencing home-buyer’s decisions. Condotels in Halong attract tenants This has made buy-to-hire condotels more and more common. Hue revokes the license of delayed resort project Vietnam Investment Review

Authorities in Thua Thien Hue Province have decided to revoke the investment license given to build a resort and upmarket residential areas in the region, after the project has been delayed. The project cost was estimated at VNĐ600 billion (US$27 million). Saigonese rushing to buy suburban land to wait for better sales Kien Thuc

At the end of Q3/2016, in HCM City real estate market, the land lot segment has become ‘hot’ again with a sudden increase in the number of transactions. The growth momentum has continued to spread into the city’s suburbs. Especially, areas with good infrastructural connection are ‘hunted’ by investors. More foreign selling threatens local shares Vietnam News

Foreign traders have increased selling in local securities markets and could threaten the future outlook, which has remained at 665-675 points since the beginning of the month. Foreign investors concluded last week’s trading as net sellers on both exchanges, offloading total net value of nearly VND600 billion (US$26.8 million), a two-fold increase over their net buy value over the past month. Their sales focused on large-cap stocks, including dairy firm Vinamilk (VNM), real estate developer VinGroup (VIC), steelmaker Hoa Phat Group (HPG), Masan Group (MSN), insurer Bao Viet Holding (BVH) and Sai Gon Securities Inc (SSI).

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Daily Real Estate News Highlights Vietnam - 25 November 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 to officially introduce Bora Bora tower in Ho Chi Minh City Vietnam Investment Review Apartments in the Bora Bora tower, the second tower of Kusto Home’s Diamond Island project will be launched on sale on November 26th. Diamond Island project has six towers, typical apartments with single, double or triple bedroom, Pool Villas, Garden Villas and Sky Villas. Each tower is smartly located and designed to bring the best value to the residents. Bora Bora tower is expected to be completed in the second quarter of 2018. The tower Surrounded by water on three sides, Diamond Island offers is the combination of natural terrain, feng-shui principles and modern design. unbeatable 360 views of the Will golf courses attract tourists in poor provinces? central business district and Talk Vietnam rivers Building more golf courses to develop tourism is believed to be one of the ways for poor provinces to develop local economies. In Vietnam, investors began talking about golf tourism a long time ago. However, the tourism sector still has not developed for many reasons. In central provinces, people have been cultivating on infertile land for many years and receiving low yields. Changing the economic structure is a precondition to escape poverty. This is the reason why the leading hotel and resort groups in Vietnam have invested Will golf courses attract tourists in poor provinces? in many golf projects. Two years see two trade centers closing down, what is happening inside of Parkson Hanoi? Cafe biz Parkson Hanoi - a subsidiary of Parkson Vietnam, which is also a subsidiary under Parkson Retail Asia, is the manager of the two trade centers Parkson Keangnam and Parkson Viet Tower. The first tower is closed down in January 2015, and the latter will face the same fate in December 2016. Parskon Hanoi is owned by four parties – Parkson Vietnam, Thuy Duong Investment, Le Minh Dung and Hoang Manh Cuong. The world’s most incredible light festivals that you shouldn’t miss Thoi Dai In December, the Giant Lantern Festival will take place at LePARC, Gamuda City, Yen So, Hoang Mai. The 51-day festival will sport 40 giant lanterns with its size up to 86 meters, simulating well-known beauty spots in Vietnam and Korea. The program will cover an area of 50,000sq.m and be divided into five areas. It will also welcome performances of famous Vietnamese and Korean singers. Three foreign investors eye wastewater treatment project Saigon Times Daily A consortium comprising Lotte Engineering and Construction, Huvis Water Corp., and Honor Shine Global is seeking approval from the HCMC government to develop sewers and a wastewater treatment plant in the west of the city. The investment cost of the two-phase project is estimated at US$350 million in phase one and US$132 million in phase two under the build-lease-transfer (BLT) format. The investors expect to complete and commission the first phase with a daily treatment capacity of 450,000 cubic meters by 2020 and 650,000 cubic meters after 2020.

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Daily Real Estate News Highlights Vietnam - 28 November 2016

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.

Announcing Phase 2 of the Saigon South Residences project Nguoi Lao Dong

Phu My Hung Company has confirmed that the Saigon South Residences project – phase 2 opening ceremony will be held on November 27th at The Adora convention center, District 7, HCMC. This is also the last sale of this project in 2016. Moreover, Phu My Hung Company also signed deal with VietinBank to offer zero interest rate loans to Saigon South Residences purchasers. Vingroup and Sagawa sign the comprehensive cooperation of logistics

The Saigon South Residences project

Lao Dong

On November 22nd, in Hanoi, Sagawa Holdings and Vingroup signed a total partnership agreement in logistics business. In accordance, Sagawa will provide total logistics solutions to retail brands of Vingroup – VinCommerce, VinDS and VinEco, and cooperates with Vingroup to improve logistics services. Foreign banks eye HCM City’s infrastructure projects Bizhub

Vingroup and Sagawa sign the comprehensive cooperation of logistics

Banks from South Korea and Japan have expressed interest in providing capital for infrastructure projects in HCM City. Hong Young Pyo, vice-chairman of South Korea’s Export-Import Bank (KEXIM), said that his bank is interested in funding infrastructure and transport projects in Viet Nam, particularly in HCM City, at a meeting on November 22nd with Le Van Khoa, vice-chairman of HCM City People’s Committee. Quang Ninh: Investing VND 14 trillion to build Van Don-Mong Cai expressway Phap Luat Viet Nam

Authorities in Quang Ninh Province announced that a domestic investor partnership to build a US $622million expressway. The 90km expressway, which will run through five communes, starting from Van Don and ending at Mong Cai. It will be constructed through investor partnership between Cai Mep, Thai Son, VINACONEX E&C, BRJSC12, Khanh An and Cienco1 under the build-operate-transfer (BOT) model. The construction of the expressway is expected to cost around VNĐ14 trillion ($622.2 million) and is to be completed in three years. It is estimated that toll will be collected for 25 years, investors said. VN needs more cheap housing: VNREA Vietnam Investment Review

According to the Viet Nam Real Estate Association (VNREA), the local real estate market has recovered but the State should provide policies to develop small and cheap apartments due to the increasing of demand. The association submitted proposals to the National Assembly on the local real estate market after its congress in October. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 29 November 2016

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

Phu Quoc Waterfront offers investment opportunities Bizhub Boutique hotel Phu Quoc Waterfront is located in the prime location of Phu Quoc Island, is offering attractive investment opportunities on the island. Phu Quoc Waterfront, inspired by the idea of providing luxurious and classy accommodations to tourists, is designed in neoclassical-style architecture, differentiating the Phu Quoc Waterfront offers boutique hotel from most of its direct competitors on the island. investment opportunities Seeking investment opportunities when housing prices increase in late year VnMedia Late year is always the time when real estate market is the liveliest. Late 2016, as capital are flowed more and more from FDI, remittance and unemployed money pour into real estate market. There is a possibility that real estate market can become even livelier, especially in high-end segment like high-end apartments, landed houses and villas. One of notable high-end projects is the eco-villa The eco-villa Vinhomes Riverside of Vingroup Vinhomes Riverside of Vingroup. Central VN woos Euro investors Vietnam News Central Thua Thien Hue and Quang Nam provinces and their neighbouring Da Nang City will offer optimal conditions to lure investment from European countries in hi-tech, tourism, logistics, health care industry and advanced farming. The three, which connect to the East-West Economic Corridor linking Laos, Thailand, Myanmar and Viet Nam, are considered to have good investment potential with long coastal lines, world heritage sites, preferential policies, cheap land prices and abundant labour force. A series of administrative reforms easing investment have been cleared by local administrations. Quang Nam is seeking investment in automobile supportive industries, food processing industries and industrial park infrastructure. Potential Uncertainties Saigon Times Daily Through the first nine months of this year, the real estate market was reportedly in the growth cycle since its recovery in late 2013, but signs of stagnation and potential uncertainties have begun to emerge. That is one of the points mentioned in the report on the property market in the first nine months by the HCMC Real Estate Association (HoREA). The association believes that without prompt actions, uncertainties in the market may not only leave a more negative impact on homebuyers, investors, realty developers, contractors, material suppliers, banks and workers (as the real estate industry consumes multiple products of other economic sectors), but also cause macroeconomic instability. New loan packages for social housing Vietnam Investment Review Two new preferential loans are unrestricted by scale and deadline, for social housing and cheap commercial housing projects will be provided to low-income earners. The new packages are expected to continue the VND30 trillion housing stimulus package. 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. ÂŠ2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 30 November 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.

Celadon City honored with title “Southeast Asia’s most beautiful project” Tuoi Tre On November 24th, 2016, the Celadon City project is developed by Gamuda Land Company. It was nominated as “Top projects with the best landscape design in Southeast Asia” which is organized by Property Guru. It was the second time the project have received the award in this year and also the The Celadon City Project second consecutive year that Gamuda Land’s urban area projects have been accredited the best urban areas including the Gamuda City in Hanoi and Celadon City in HCMC. Singapore investors keen on Vietnam’s property market VnEconomic Times A real estate expert team estimates that Singaporean developers have invested S$1.2 billion ($836 million) in HCMC property projects in the last two years, with the bulk of investments focused on residential developments. The trend is not only set to continue but also signals good news for the real estate industry. According to Ms. Regina Lim: “After the manufacturing and Singapore investors keen on processing industries, the real estate sector in Vietnam is the second-biggest Vietnam’s property market recipient of foreign investment and in the last two years Singaporean real estate companies have pumped close to $1 billion into the country”. Vietnam property market expected to grow in 2017 Vietnam News Property experts forecast that the real estate market of Viet Nam would continue to be on a solid growth next year, driven by the improved macro economy and policies and driven by a young population with high housing demand, significant foreign capitals as well as improved infrastructure. State Bank set limits on credit card compensation Bizhub Credit card service providers will have to compensate card owners for any probable loss not caused by the owners, starting on November 28th, 2016. This is according to Circular No. 30 from the State Bank of Vietnam (SBV). Banks and other financial entities will have a maximum of five days from the announcement of the results of inspection based on the clients’ claims to comply with the appropriate contract and legal procedure as stated in the recently issued circular, which includes several additions to regulations on payment and intermediate payment service in Viet Nam. HCMC signs major road project with contractors Saigon Times Daily The HCMC Department of Transport last Friday signed a build-transfer contract with a consortium of investors to construct 2.7 kilometers of road connecting Pham Van Dong Street and Go Dua Intersection on National Highway 1A. VND 2.7 trillion (US$119 million) will be needed to build the road as part of Beltway No.2, with over VND 944 billion of it to go road construction and the remainder to land clearance. For market research reports, please visit our website at www.colliers.com

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