Monthly Real Estate News | October 2016 by Vietnam Realty

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Daily Real Estate News Highlights Vietnam - 03 October 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.

Anpha Holdings to sell 3 Singaporean apartment projects in VN Bizhub

Anpha Holdings has become the Vietnamese distributor of three apartment projects in Singapore, becoming the first developer in Viet Nam to sell Singapore properties. Late last week in HCM City, the company together with Singapore-based GuocoLand Limited and PropNex International launched three projects: Wallich Residence, Leedon Residence and Sims Urban Oasis. CapitaLand residential line-up gains strong addition

Wallich Residence

Vietnam Investment Review

This is the corporation’s third acquisition in Vietnam within 14 months, anchoring the country as its third largest market in Southeast Asia. CapitaLand will hold a 100 per cent stake in the 0.5-hectare site which will potentially offer 302 units in a 17-storey residential tower and a 22-storey serviced residence tower. The serviced residence will be managed by CapitaLand’s wholly owned serviced residence arm, The Ascott Limited, under its Somerset brand. 86% of housing stimulus package disbursed

CapitaLand residential line-up gains strong addition

Vietnam News

Up till the end of August, more than 28 trillion (US$1.25 billion) was disbursed from the VNĐ30 trillion housing stimulus package, according to the Ministry of Construction.The disbursed amount accounted for more than 86 per cent of the total amount that banks had committed to lend, or VND32.8 billion. Banks consider lending rate cuts Bizhub

Some major commercial banks are considering lowering lending interest rates after cutting “dong” deposit rates this week. Vietcombank, VietinBank, the Bank for Investment and Development of Viet Nam (BIDV) and Agribank on Monday slashed the rates on deposits for terms of less than a year by 0.3-0.5 percentage points. Foreign property portals open in Vietnam Vietnam Investment Review

In September, rapidly-growing Asian property portal, Dot Property, opened an office in Ho Chi Minh City, after seeing increased traffic on its website. Dot Property Vietnam, which began operating earlier this year, is the most recent addition to the growing Dot Property network. Dot Property saw huge potential in Vietnam, given the always-online lifestyle of the target market – which found the Internet to be the most accessible tool when looking for property. 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 October 2016

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HCMC quickens low-income housing investment Vietnam Investment Review

Social housing is built to accommodate the poor, near-poor, State staff, and people who have been recognised as making a great contribution to the country’s revolutions. Speaking at a forum held in HCM City on early this week, Tran Trong Tuan, director of the Department of Construction, said a one-stop policy will begin in October to ensure faster granting of licenses to investors. Nation must improve economic competitiveness: think-tank

HCMC quickens low-income housing investment

Vietnam News

Vietnam must continue to maintain stability, accelerate restructuring and improve the competitiveness of the economy in the face of ongoing global headwinds, members of a think-tank reported. Deputy Prime Minister Vuong Dinh Hue asked members of the National Financial and Monetary Policy Advisory Council to closely monitor the financial Nation must improve economic situation throughout the world, during their third-quarter meeting in competitiveness: think-tank Hanoi yesterday. Best 50 listed companies in Vietnam honoured Vietnam Net

Viet Nam needs more comprehensive policies to direct remittance to production and business, experts said at a conference late last week. At a conference on the relationship between remittance and Vietnamese investment held in Hanoi, head of the National Economics University’s Investment Faculty Pham Van Hung said that remittance is such an important source that almost every country worldwide tries to form policies to lure. VN still among global top 30 emerging retail markets Vietnam News

For the eighth consecutive year, Viet Nam has been listed among the world’s top 30 attractive emerging retail markets, according to the ranking in the Global Retail Development Index of the US’s AT Kearney Company. In addition, a most recent survey from Nielsen, a global information and measurement company, showed that 34 per cent of consumers regularly shop at hypermarkets, 29 per cent in supermarkets and 22 per cent at convenience stores and mini marts. 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 - 05 October 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.

Singapore-based PropertyGuru invests in VN real estate portal Bizhub

Asia’s leading online property group PropertyGuru has become a major stakeholder of Viet Nam’s No 1 real estate portal batdongsan.com.vn. The company is eyeing expansion in the rapidly growing Southeast Asian market where it can promote Viet Nam’s property products to regional investors. The financial terms of Singapore-based PropertyGuru’s strategic Singapore-based PropertyGuru investment in batdongsan.com.vn were not disclosed at yesterday’s press invests in VN real estate portal conference, held in Ha Noi. Phu My Hung launches new project Bizhub Phu My Hung Development Corporation on September 27th launched a new apartment project in HCM City’s Nha Be District. Saigon South Residences on Nguyen Huu Tho Street, priced from VND2 billion for a two-bedroom flat, targets young customers. It has six towers with 19 to Phu My Hung launches new project 29 floors each, with 68 per cent of the units having two bedrooms and measuring 60-70sq.m. Transparency essential to real estate growth

Bizhub

It is necessary for housing developers, contractors, banks and State agencies to co-operate in disclosing information about real estate projects to avoid panicking buyers, experts have said. Experts made their comments during a recent online conference held in HCM City by cafeland.vn, discussing how to understand mortgaged real estate projects. The issue had not been discussed earlier, having been prompted by an incident with the Harmona project in the city’s Tan Binh District a few months ago. Ministry of Construction says property market steady Bizhub

There is an abundant supply of housing, prices are steady, lending to developers and home buyers is increasing, and bad debts are low, according to a quarterly report issued by the Ministry of Construction in September. The supply of apartments in Ha Noi and HCM City is high, with many major projects in the pipeline. Vietnam stock market listed among best performers in Asia this year VnExpress

Despite low global growth, Vietnam’s economy is widely seen as among the most resilient in Asia. Even with the unprecedented Brexit vote, there appears to have been no serious impact on the country’s economy. Vietnam’s benchmark VN Index, ranked second only to Pakistan in Asia, has gained 18.91 percent so far this year, data shows.

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This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 06 October 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.

Japanese investors ready to pour $2 bln into Vietnam’s real estate market VnExpress

Japanese real estate companies are looking outside the domestic market for a potential investment destination, and Vietnam is looking like an ideal candidate with annual returns of up to 20-25 percent. Japanese companies are planning combined investment of up to $2 billion in the Southeast Asian country, said Than Thanh Vu, president of a merger and acquisition consulting company.

Vietnam’s real estate market

As strong stench pervades Saigon air, homebuyers now use their noses VnExpress For the housing market in Ho Chi Minh City, looking good is no longer as important as smelling good. A prolonged stench problem has made many buyers think twice about buying a home in some southern areas that once As strong stench pervades Saigon air, homebuyers now use were among the most sought after neighborhoods of the city. their noses Yuan’s global popularity will impact VN economy VietnamNews

The inclusion of China’s yuan into the International Monetary Fund (IMF)’s basket of reserve currencies last Saturday will impact finance across the globe, and Viet Nam is no exception. The yuan joined the US dollar, the euro, the yen and British pound in the IMF’s special drawing rights (SDR) list of currencies that countries can receive as part of IMF loans. It marks the first time a new currency has been added since the euro was launched in 1999. Large-cap stocks pull market down VietnamNews

Shares sunk for a second day on the HCM Stock Exchange yesterday under heavy profit-taking selling pressure while investors became cautious ahead of the release of the third-quarter earnings of companies. The benchmark VN-Index, the measure of 312 stocks, lost 0.4 per cent to close at 683.1 points after reaching nearly 689 points in the early morning trade. Slumps of large-cap stocks weighed on the market. Hanoi will become the start-up center Vietnam Breaking News

Many mechanisms, new policies have been completed by the City. The forecasting for “start-up Capital” will have new momentum. Vietnamese policymakers are embracing an ambitious plan to turn the country into a start-up nation in the next four years. Accordingly, the Vietnamese Government has rolled out a slew of initiatives – including a state-backing funding program to give a fillip to the country’s nascent but growing startup ecosystem. 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 - 06 October 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 investors pour money into Da Nang City Vietnam Net

After the belt road in the south, which links Danang city center with Nguyen Tri Phuong Bridge, was completed earlier this year, the area has become attractive to many investors. The land started to develop within a short time. In the plan to develop Da Nang into a special city at the national level by 2050, the belt area in the southern part of the city will play a very pivotal role. Thai Central Group pledges long-term investment in Viet Nam

Da Nang City

Vietnam News

HCM CITY — Deputy Prime Minister Vuong Dinh Hue praised the Thai-based Central Group’s investment in distribution, wholesale, and retail sectors, saying that he expects the group to continue to invest in these sectors. At a reception for the group’s general director in Vietnam Jariya Chirathivat in Hanoi this week, Hue praised the group for complying with Vienam law, including paying tax after its acquisition of the Big C super market chain in Vietnam. Vietcombank plans to open subsidiary bank in Laos

Thai Central Group

Bizhub

According to Vietcombank, it has submitted the plan to its shareholders for approval. Under the plan, the subsidiary bank will be headquartered in capital Vientiane. It will provide finance and banking services such as deposit and credit, card payment, insurance and e-banking, besides supporting Vietnam-Laos trade promotion and investment activities. Gov’t scrutinises financial resources to settle bad debts Bizhub

The Government will scrutinise the use of financial resources to settle bad debts, Mai Tien Dung, Minister and Chairman of the Government Office, said on October 4 during a Government press conference. Dzung said this after a proposal to use State funds to settle commercial banks’ bad debts, as stated in the draft plan on economic restructuring for the 2016-2020 period, was given the cold shoulder recently. Experts said the solution is infeasible as it puts pressure on public debts, especially in the context of State budget deficit. VN will record 20% credit growth: SBV official Bizhub

The Deputy Governor of the State Bank of Viet Nam (SBV), Nguyen Thi Hong, told members of the European Chamber of Commerce in Viet Nam (EuroCham) on Monday in Ha Noi that she is optimistic her institution will achieve its yearly goals. Early this year, after several banks upped interest rates, the SBV lowered inter-bank rates and maintained sufficient monetary supply to ease pressure on deposit and lending rates, Hong said. 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 - 10 October 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.

Co-working space rise presents new trend in Vietnam office space market Vietnam Investment Review

The rising popularity of the “Co-working space” model pushes office space providers to supply more flexible working space for companies. As a model, “Co-working space” not only offers a sense of community, but also convenience and flexibility. Tenants can book private rooms or choose to share everything, including working space, the pantry, Wi-Fi, printing area, etc. Real estate catches eye of Japanese investors

“Co-working space”

Vietnam Net

Japan’s Meade Group, the contractor of the Ho Chi Minh City Urban Railway’s Ben Thanh - Suoi Tien stretch, plans to invest in a high-end real estate project called Wateria Suites in Ho Chi Minh City’s District 2. The Wateria Suites project has investment of $30 million on an area of 2,000 sq m with 89 apartments of 150-200 sq Real estate catches eye of Japanese investors m overlooking the river. Vietnam eyes Singapore’s real estate Vietnam News

Gia Phu property of HCM City decided to buy a condominium in Singapore after attending an event in HCM City held to launch three Singapore projects. They are just one of many such buyers. In fact, a new investment trend has begun with Vietnamese pouring money to buy condos in neighbouring countries including Singapore and Malaysia. MBBank increases charter capital by $36 million Bizhub

The State Bank of Viet Nam (SBV) gave written consent for Viet Nam based Military Bank’s (MBBank) increase in charter capital to VND17.127 trillion (US$766 million) from VND16.31 trillion ($730 million). MBBank’s decision to increase charter capital was approved at the bank’s annual shareholders’ meeting on April 28, 2016, and by their Board of Directors on June 14, 2016. Understanding new Civil Code essential Vietnam News

The 2015 Civil Code, which will take effect January 1st, 2017, discusses risks that enterprises should take into consideration when creating contracts for the sale of goods, machinery, equipment and raw materials. The civil law basically respects the freedom of contractual agreements between two parties, but unless an agreement is otherwise made, the parties must comply with regulations of the law. For in-depth 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 - 11 October 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.

Sun Group’s Phu Quoc portfolio commands Singaporean investors’ attention Vietnam Investment Review Singaporean investors have shown fervent interest in Sun Group’s vacation real estate projects. Hundreds of investors and real estate experts from Singapore joined the September 27th conference at Royal Plaza on Scotts Hotel in Singapore, where Sun Group showcased its vacation real estate Sun Group’s Phu Quoc portfolio projects on Phu Quoc Island. The key selling points, as all agreed, were the commands Singaporean investors’ attention projects’ fantastic growth prospects, competitive prices, and the prestige of the Sun Group brand. First Novotel Suites of Asia Pacific opens in Hanoi Vietnam Investment Review AccorHotels, a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,000 hotels, resorts and residences, as well as in over 2,500 of the finest private homes around the globe, has introduced its new ‘home-away-from-home’ Novotel Suites First Novotel Suites of Asia brand for longer stays in a hub of activity in at 5 Duy Tan street in emerging Pacific opens in Hanoi Cau Giay district. Owning world-class resort property now within reach Bizhub Just a few years ago, the dream of owning a world-class resort property seemed close to impossible but is now within reach for many Vietnamese. Few know that Doan Quoc Huy, a young businessman, is among those has helped make this dream a reality for Vietnamese people. The Phu Quoc Marina on Phu Quoc Island off the coast of Kien Giang Province is inspired by Huy’s dream of bringing quality projects to Vietnamese investors, which he has nurtured since he studied property finance in the United States, the world’s largest economy. CapitaLand brings out Feng Shui positive residence Vietnam Investment Review CapitaLand Limited and its joint developer Thien Duc Trading Construction Company Limited introduced Feliz en Vista, a residential project in the heart of District 2 of Ho Chi Minh City on October 4. Located in Thanh My Loi Ward, 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. The serviced residence will be managed by CapitaLand’s wholly-owned serviced residence arm, The Ascott Limited, under its Somerset brand. Sacomreal’s 217 million shares move to HOSE VietnamNews HCM Stock Exchange approved the listing of more than 217 million shares of Sai Gon Thuong Tin Real Estate (Sacomreal) JSC (SCR) on the bourse. Before all SCR shares were listed on the northern bourse of HNX, the transfer of shares from one listing exchange to another was passed by the annual shareholders’ meeting of the company in 2016. For market research reports, please visit our website at www.colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All material are sourced and collated in this document by Colliers is from the public domain. ©2016. All rights reserved. vietnam.media@colliers.com

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Daily Real Estate News Highlights Vietnam - 12 October 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.

Singaporeans to invest in “local Sentosa” Phu Quoc Bizhub Singaporean investors and realty professionals attended Sun Group’s realty event held recently in Singapore introducing its projects on the southern island of Phu Quoc. Sam Ong, director of Savills Singapore, compared local Phu Quoc Island with Sentosa of Singapore, saying there were similarities in geography, natural beauty and tourism potential, adding that Phu Quoc is on the journey to becoming Viet Nam’s Sentosa Singaporeans to invest in “local Sentosa” Phu Quoc in the near future. Phu Quoc to lead VN resorts towards world standard Vietnamese Breaking News With the gearing-up of investments by large property developers on Phu Quoc Island this year, coupled with the expected entering of global hotels and resorts brands, the “paradise pearl island” will promote the development of the resort property market in Viet Nam by directing it towards global standards. Rich in tourism potential, but largely untapped, Phu Quoc to lead VN resorts Phu Quoc Island, in recent years, attracted billions of dollars of investments towards world standard by big names, such as BIM Group, Sun Group and Vingroup, in huge resort projects meeting international standards. Foreign investors circle Vietnam’s property market Vietnamese Breaking News Vietnam’s real estate market is showing signs of flourishing with international investors trying to secure a foothold in the market either through mergers and acquisitions or by forming joint ventures. Foreign buyers, mainly from Japan, South Korea and Singapore, have their eyes on the country’s two major cities: Hanoi in the north and Ho Chi Minh City in the south. Notably, investors have expressed an interest in luxury properties, according to a Ho Chi Minh City-based property consulting firm. Shares predicted to continue upswing Vietnam News Local shares are forecast to continue their uptrend this week, as investors bet on the prospects of third-quarter earnings. However, Analysts have warned of possible volatility due to pressures caused by a slump in large-cap stocks and net selling by foreign traders. “The mid-term is maintained with the target at 700-710 points for the benchmark VN-Index,” Tran Duc Anh, analyst at Bao Viet Securities Co, wrote in a report. VN shares rise with Q3 earning hopes Vietnamese Breaking News Shares rose yesterday on the two stock exchanges as investors pinned their hopes on prospects of positive earnings of large companies in the third quarter. The VN-Index, a measure of 312 stocks on the HCM Stock Exchange, increased 0.4 per cent to close at 687 points. It rose 0.2 per cent on October 4th. On the Ha Noi Stock Exchange, the HNX-Index which tracks 378 stocks edged 0.6 per cent up to 85.5 points. This index rose 0.3 per cent in the previous trade. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 13 October 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.

Switzerland commits $92 million in ODA for Vietnam Vietnam Net The Swiss Government has committed to providing 90 million CHF (92 million USD) of non-refundable ODA for Vietnam to implement prioritised joint projects. The commitment is part of the Vietnam-Switzerland development cooperation strategy for the 2017-2020 period, which was announced by Investment Nguyen The Phuong and the Swiss Minister of State for Economic Switzerland commits $92 milAffairs Marie-Gabrielle Ineichen Fleisch at a ceremony in Hanoi on October lion in ODA for Vietnam 11. Call for Vietnamese firms to reach global standards Vietnam Breaking News Prime Minister Nguyen Xuan Phuc on October 11 launched a patriotic emulation movement themed, “Vietnamese business towards integration and development“ at a ceremony held in Hanoi on the occasion of Vietnam Entrepreneurs’ Day (October 13). He affirmed the Government’s determination in improving the business environment, urging firms to be active in grasping Call for Vietnamese firms to reach global standards opportunities to make breakthrough amid rapid international integration. Vietnam is optimistic about FDI in hi-tech sector Vietnam Net The year 2016 has been one of the best in attracting foreign direct investment (FDI) to the high-technology sector. Vietnam has shifted from low-value industry into a high-value one. A report showed that high-technology projects accounted for 40 percent of total registered FDI capital of $14.366 billion in the first eight months of the year. These included the $1.5 billion project of LG Display in Hai Phong City and the $300 million R&D (research & development) Center of Samsung Electronics Vietnam. Vietnam’s economic woes deepen Vietnam Net Vietnam is facing increasingly big economic woes, according to a Government report delivered at a session in Hanoi last Friday of the National Assembly Economic Committee. Deputy Minister of Planning and Investment Dao Quang Thu, who read the report at the session, said natural disasters like storm, flood, drought, salinity intrusion and sea pollution caused by Formosa’s industrial waste were spelling trouble for the corporate sector and the public. Bad debts till June equal to 9.2% of GDP VietnamNews The country’s total non-performing loans by the end of June stood at VND346.96 trillion (US$15.489 million), equal to 9.2 per cent of the country’s GDP. This was according to statistics from HCM City Securities Co (HSC). Of the total, roughly VND217 trillion was kept at the Viet Nam Asset Management Company while the rest is at credit institutions. HSC said there is no need to use State funds to settle bad debts at this time as the banking system is still very positive about settling the debts through provisions for the past five years. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 14 October 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.

Sun Group’s Phu Quoc portfolio cemented on Singaporean radars Vietnam Investment Review While properties in Singapore, especially in Sentosa, are always hot and have seen their price rise by 300% in only seven years, Singaporean investors are increasingly turning to new markets with high growth potential, such as Phu Quoc in Vietnam. Sam Ong, Savills Singapore agent, said Sun Group’s Premier Village Phu Quoc Resort is unique thanks to the beauty of the surrounding blue ocean and mesmerising white sand. Sun Group’s Phu Quoc portfolio cemented on Singaporean raHe said Phu Quoc is on its way to becoming Vietnam’s Sentosa, with dars - Premier Village Phu Quoc its prime geographic location, natural beauty, and unfathomable tourism Resort potential. Hanoi announces tax arrears blacklist Vietnam Breaking News The Hanoi Department of Taxation has just made public the names of 7 real estate companies which are responsible for tax arrears of VND55bn, equal to 36% to total debts owed by the companies in the city. Over 145 companies owe VND150.50bn (USD6.74m) in tax arrears, land rental fees and other fees to the city. The companies that are incurring the biggest tax Real estate companies are incurring huge tax debts arrears from VND10bn (USD448,000) to 20bn are in real estate sector. Vietnam investor conference scheduled for November 4th Vietnam News HCM Stock Exchange (HOSE) will join hands with financial information provider StoxPlus to organise the 2nd Vietnam Annual International Investor Conference on November 4 in HCM City. The conference with the theme “Vietnam Stock Market on the way to Emerging Markets” will review the progress to upgrade the local securities market from a frontier market to an emerging market. Vietnam’s economy takes a good shape Vietnam Breaking News Vietnam’s economy accelerated in the third quarter, expanding by 6.6 per cent year-on-year. This marks a sharp improvement from the 5.6 per cent growth rate registered last quarter, said a report on Asian economics conducted by the Hong Kong and Shanghai Banking Corporation (HSBC). During the first half of the year, the economy lagged, in part due to widespread drought and declining agricultural output (which in turn further constrained rural consumption). Overseas remittances must be prioritised as investment source: conference Bizhub The Government should offer incentives to projects funded by overseas remittances, a conference on policies related to remittances heard in HCM City on October 11. Dr Nguyen Van Lich of the Diplomatic Academy of Viet Nam said while it is all very well to get inward remittances, a way must be found to use them effectively rather than merely collecting interest on them or spending them. 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 - 17 October 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 projects target foreign customers Vietnam Net

Beachside and resort properties in Vietnam have huge potential and investors are targeting foreigners and overseas Vietnamese as their biggest customers. Le Hoang Chau, chairman of HCM City Real Estate Association, said there were about 100,000 foreigners living and working in the city and probably half a million foreigners living in Vietnam. Many of them are investors, experts and high earners. VinaCapital to set up VN-focused fund for foreign investors

Real estate projects target foreign customers

Vietnam News

Asset management company VinaCapital on October 13th announced at its annual investor conference that it expects to set up next month a domestic fund for foreign investors and raise US$5 million. Its managing director, Andy Ho, said the fund would only invest in companies listed on the UPCoM, which number 350, and having market capitalisation of less VinaCapital to set up VN-fothan $50 million. cused fund for foreign investors Improved infrastructure puts spotlight on Phu Quoc Island Bizhub

With improved infrastructure and connectivity with cities in Southeast Asia, Phu Quoc has come under the spotlight for investment in resort property projects. A number of giant developers have flocked to the island in recent years. Since the government began development of the Phu Quoc Island District into an exclusive economic zone, considered to be a breakthrough in Kien Giang Province’s 2016-20 socio-economic development plan, investments on the island, which has rich tourism potential, have soared rapidly. Vietcombank locks customers’ bank cards over ATM fraud concerns Tuoi tre News

Hanoi-based Vietcombank locked several customer bank cards on October 13th in a move it says will help protect their information. A senior official at Vietcombank confirmed with Tuoi Tre (Youth) newspaper that dozens of cards issued by the bank had been locked earlier the same day over concerns that they had been used at ATM machines attached with theft devices.on from being stolen after using ATM machines fitted with theft devices. VN real estate developers run into difficulties in foreign markets Vietnam Net

Vietnamese investors still cannot reap fruits from real estate projects in foreign markets. Vietnamese outward investment reached its peak in 2008-2009, when banks rushed to open foreign branches overseas and Hoang Anh Gia Lai group began developing hydropower, agriculture and real estate projects in Laos and Cambodia. At that time, Saigontourist, a travel firm, nurtured the plan to buy a 5-star hotel in San Francisco, while HUD, a housing and urban area development firm, announced the plan to build a 36-hole golf course, tourism site, houses and 5-star hotel with 800 rooms in Cuba. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 18 October 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.

Segment of villa and townhouse massively launching in the year-end Lao Dong Singapore Green Building Week (SGBW) with 23 green building events gathered more than 26,000 green building industry practitioners and participants from over 50 countries in a concerted showcase of commitment towards climate change. The SGBW 2016 officially opened on September 7th by Minister for National Development and Second Minister for Finance, Mr. Lawrence Wong, at La Casa Villa the Marina Bay Sands Expo & Convention Center in Singapore. Rethinking Green Building for Next Decade Vietnam Business Forum The eighth edition of the Singapore Green Building Week (SGBW) with 23 green building events gathered more than 26,000 green building industry practitioners and participants from over 50 countries in a concerted showcase of commitment towards climate change. The SGBW 2016 officially opened on September 7 by Minister for National Development and Second Minister for Finance, Mr. Lawrence Singapore Green Building Week Wong, at the Marina Bay Sands Expo & Convention Center in Singapore. 2016 Small apartments with cheap price Saigon Dau Tu Since many younger continue to look for homeownership, financial barriers have become a biggest issue to confront. After a period of time booming of luxury apartments, many investors are returning to affordable apartment such as Tecco, GotecLand Vietnam, Vietcomreal etc. Recently, one of Real Estate Companies also introduced EHomeS with very attractive price after many successful products like EHome, Flora to name just a few. Resort property: trillion-dong race of property giants Thi Truong (MOF) Since 2014, together with the recovery of apartment market, resort property market also sees a strong comeback. In accordance, over two years, many resort property projects have been invested and enjoy good liquidity, establishing resort centers like Da Nang, Nha Trang and Phu Quoc. Aside from these centers, resort properties also spread to other provinces like Lao Cai, Quang Ninh, Vinh Phuc, Hai Phong, Thanh Hoa, Quy Nhon,... These projects are often attached with reputable brands like Vingroup, Sun Group, BIM Group, FLC Group and CEO Group, etc. The race of building houses for young people Thoi Bao Kinh Te Saigon After a period of time booming of luxury apartments, many investors are returning to affordable apartment such as Him Lam, Phu My Hung, Vietcomreal etc. With a strategic focus on the affordable housing segment, Nam Long is taping on the real demand market and further strengthening its foothold in the property market while other developers are struggling. The company is famous for Ehome brand, focusing on affordable segment to serve the need of middle and stable income home buyers.

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 - 19 October 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.

Vinhomes launches the first 2 buildings of D’.Capitale project Dau Tu On October 16, Vinhomes will introduce first two apartments with the most ideal location and most number of utilities at D’.Capitale Tran Duy Hung – C1 and C6. With the respective height of 39 floors and 42 floors, apartments here have 1-3 bedrooms with reasonable size. Enjoy full privileges at C6 - D’.Capitale Vinhomes launches the first 2 Tien Phong buildings of D’.Capitale project Located in a dreamy location on Tran Duy Hung Street, D’.Capitale benefits from the “central and near lake” criteria of Tan Hoang Minh Group, with perfect living environment thanks to services and products of Vingroup, management and operation standards of Vinhomes, as well as strong financial support of Techcombank. The project has six towers, in which C6 attracts the most attention thanks to many distinguishing benefits it Enjoy full privileges at C6 provides to home-buyers. D’.Capitale Invest in beach villas: money makes money Thanh Nien At the present, Vingroup is the most potential property developer, which can guarantee expectations of investors. The company has 15 Vinpearl resort projects across Vietnam, and is always the leader in Vietnam’s top favorite hotels with highest occupancy rates. Chain-based hotel business enables Vinpearl to create long-term customer relationships and ensure suitable profits, as well as ever-increasing added values of its products. ECOPARK soon opens sale the golf view apartments Lao Dong Continuing the brilliant success of selling 2,000 West Bay apartments within two months, Ecopark has recently launched the apartment complex Aqua Bay Sky Residence – a new product series that are expected to become the attention-magnet in the real estate market at year-end 2016 thanks to its distinguishingly competitive advantages. For the first and only time in north Vietnam, customers can enjoy the high-end apartment complex with vast view upon the nearby green golf course and blue water body. Ha Nam seeks Japanese investment in support industry VietnamNet The northern province of Ha Nam called on Japanese enterprises to invest in its support industry during a conference in Japan’s Osaka city on October 11. The conference attracted nearly 40 Japanese firms which are spare parts providers for Japanese Daikin air conditioner maker. At the event, representatives from the Vietnamese Consulate General in Osaka provided updates on the socio-economic situation as well as preferential policies and incentives for foreign investors in Vietnam. The country’s strategies and plans for the development of industry in general and the support industry in particular were also introduced along with business opportunities in various fields, especially support industry. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 20 October 2016

BIM Group to introduce luxury project Pearl Villas Bizhub

Quang Ninh-based property developer BIM Group will launch Pearl Villas, a new luxury homes project in the Halong Marina Urban Area, on October 23. With this project, the property developer is joining in the rapid development trend in the high-end segment. The Pearl Villas project, with 61 three-and-a-half story villas in modern and sophisticated designs with every detail looked into meticulously, stretches along the 300m long shoreline of Ha Long Bay.

BIM Group to introduce luxury project Pearl Villas

Sun Group opens sale of Phu Quoc resorts Bizhub

Sun Group Corporation is putting its Phu Quoc resorts up for sale at Hanoi Daewoo Hotel and HCM City New World Hotel on October 22 and 23. The two premium resorts being sold through official distribution channels are the S4 building with a direct beach view, part of the Condotel Premier Residence Phu Quoc Emerald Bay project, and the beach front villas of the Premier Village Phu Quoc Resort project.

Sun Group opens sale of Phu Quoc resorts

Over 14,200 apartments sold in Hanoi over 9 months Nhip Cau Dau Tu In first nine months of 2016, Hanoi real estate market recorded 14,200 apartment units sold, in which half of them were in mid-end segment. West Hanoi continued to be the main supply with 36pct of new apartments launched for sale there, slightly down q-o-q. Mid-end segment still occupied the majority among newly-launched projects, even though new supply in high-end and luxury apartments also increased sharply. City developers look to youths Bizhub Young buyers make up a promising segment for the HCM City real estate market because of the high rate of migration to the city and rapid urbanisation, a conference on the housing market heard on October 13. Le Hoang Chau, chairman of the HCM City Real Estate Association, said young people earn high incomes and this would surely increase year after year. Ha Noi sees Q3 surge in mid-end apartment sales Bizhub Sales of mid-range apartments in Ha Noi increased during the third quarter, a leading real-estate firm has reported. The third-quarter report by a RE company, says more than 6,800 new units were launched from 16 projects, a quarter-on-quarter increase of 14 per cent, but a decrease of 38 per cent year-on-year. Mid-range products still dominated the new launches, although new supply from high-end and luxury apartments also increased significantly, the report said. 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 - 21 October 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.

Tradition, culture, and soul: Intercontinental Danang Sun Peninsula Resort redefining luxury Vietnam Investment Review InterContinental Danang Sun Peninsula Resort brings true luxury not only with its world-standard amenities and services, but also from the deeper Vietnamese soul imbued in every detail that sets it apart. Last April, Singaporean billionaire Brian Cheng held his wedding at a place stolen straight from fairy tales, in the warm embrace of a forest and the deep blue Intercontinental Danang Sun Peninsula Resort redefining sea. Two hundred guests joined the wedding in an atmosphere befitting of luxury paradise. One year after the wedding, they came back, saying that they are moved by the scenery and that they would definitely come back again. Luxury is a good bet in Thao Dien’s growth market Vietnam Investment Review Gateway Thao Dien – the luxury residential co-development by SonKim Land and Hamon Developments – has been fully committed to quality and luxury details since its inception. The project is progressing on time schedule-wise, and its state-of-the-art finishing materials will provide its discerning Luxury is a good bet in Thao homeowners with an exclusive living experience. Insiders told VIR’s Thao Dien’s growth market Bui about their expectations for the project. This is the reason why District 4 is becoming Saigon real estate ‘s hotspot Cafef HCMC real estate market in Q3-2016 sees the strong increase of apartment supply in District 4, while the Ben Van Don Street is called as “Golden Street” for facing District 1’s center and having view upon Ben Nghe River. According to a report of Real Estate Company, the new supply in Q3-2016 of HCMC real estate market records over 8,000 apartments from 23 projects launched for sale, down 17pct q-o-q and 27pct y-o-y. Meanwhile, high-end segment occupies 29pct total new supply, mainly from projects in District 4 and District 10. 22 years in limbo: Singaporean firm’s $240 million project may come to life? Vietnam Investment Review The long-delayed Red River project invested by Singaporean City Development Corporation (CDC), with the total investment capital of $240 million, may be resumed after 22 years of lying on the backburner. According to newswire Tienphong, the Hanoi Pepeople’s Committee has decided to reconsider the Red River project and directed the relevant departments as well as Tay Ho and Ba Dinh districts to implement their parts in the project. ADB lowers Vietnam’s growth forecast to 6 percent Vietnam Breaking News The ADB forecast an economic recovery for Vietnam in the final months of the year. The bank said the foreign capital inflows would accelerate and that agricultural sector could make a slight recovery from the downward spiral in the first six months. As the government is set to provide more grants for roads, bridges and other infrastructure, additional spending on infrastructure projects could boost flagging economic growth. 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 - 24 October 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 My Hung selling Saigon South Residences Bizhub

Phu My Hung Development Corporation will begin sales of its new project, Saigon South Residences, on October 16th, with prices starting at VND2 billion (US$91,000). The project marks a major change in the company’s strategy by targeting young people who want to enjoy Phu My Hung’s quality at more affordable prices. For this, the company has gone outside its Phu My Hung City Centre in District 7 for the first time to develop a project. Anphaland introduces 1.1 billion dong apartment

Saigon South Residences

Bao Xay Dung

Recently, Anpha Land signed cooperation agreement with 5 real estate investors including Kien A, Nam Long, Vietcomreal, Dong Mekong, VIG Land and APH to distribute 5 projects in the same segment 1.1 billion dong. The 5 projects are Park Vista (Dong Mekong), Citi Soho (Kien A), Flora Fuji (Nam Long), Viva Riverside (Vietcomreal), Legend Park (VIG Land). The cooperation will benefit customer in selecting new house in the future. Hoang Mai district real estate’s ‘life changed’ thanks to hitches

Park Vista Apartments

Bao Dau Tu

Located at the gateway of the southern Hanoi, Hoang Mai district has many advantages of developing economy and exchanging culture thanks to roads, railways and waterways. With many arterial roads, residents of Hoang Mai district can easily travel to the heart of the city. Recently, the PM gave green light to Minh Khai – Vinh Tuy – Yen Duyen road project running through outstanding condo projects in the locality such as Park View Tower, Gamuda Gardens, Gelexia Riverside. Vietnamese real estate braces for Japanese capital Vietnam Investment Review

Japanese companies have shown great interest in developing real estate in Vietnam, with a focus on Ho Chi Minh City and Hanoi. According to Than Thanh Vu, chairman of Sao Khue Investment and Trade Promotion Corporation, the company has just taken a delegation of Vietnamese real estate companies to Japan to find cooperation opportunities. Vinaconex 3 (VC3): Thanks to properties, Q3 profit up 58pct y-o-y Cafef

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 - 25 October 2016

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

Launching the sale of Anland Complex The Thao Van Hoa

Nam Cuong Group has recently introduced the high-end trade-service-housing complex Anland (Anland Complex) located in the new township Duong Noi, Ha Dong District, Hanoi. Anland Complex covers over 7,000sqm and has construction density of 35pct, leaving the rest for greenery, scenery and public facilities. Year-end real estate, where to invest for the best profit?

Launching the sale of Anland Complex

Vietnam Net

According to Nguyen Du Luc, Chairman of Hung Loc Phat Company, real estate market in late 2016 will not be as hot as in 2015, but it still sees nice and stable liquidity, in which mid-end apartment segment will continue to have advantage and lead the market with the most number of transactions. South Saigon real estate market has begun to regain its glory from East Saigon thanks to major infrastructure projects. The Real Estate company’s Q3-2016 report shows that South Saigon is leading the market with 44pct supply. Hanoi Property: Supply Rises with Volatility

Year-end real estate, where to invest for the best profit?

Vietnam Business Forum

A report on Hanoi property market in the third quarter of 2016 released by a Real Estate Company on October 4 showed that the market saw significant changes in the past three months, including residential housing, retail spaces and offices for lease. According to Real Estate Company’s survey, prices of villas on the secondary market also dropped 1.9 per cent from the previous quarter, but rose 1.3 per cent over the same period of 2015. Recent developments showed that property speculators in Hanoi tended to start selling their assets amid speculation that the supply will increase from now till the end of the year. EHomeS apartment VND599 mln VnExpress

EHomeS Phu Huu - a social housing project of Nam Long, is available for pre-order from October 21. The project is located in District 9 - a very good location near District 2, District 7 and the center. Besides EHomeS fully integrated a variety of facilities such as swimming pools, sport centers, children playground etc. Buy ‘5 in 1’ apartment in Saigon and Hanoi Vietnam News

Recently, Anpha Land signed coopreation agreement with 5 real estate investors including Kien A, Nam Long, Vietcomreal, Dong Mekong, VIG Land and APH to distribute 5 projects in the same segment 1.1 billion dong. The 5 projects are Park Vista (Dong Mekong), Citi Soho (Kien A), Flora Fuji (Nam Long), Viva Riverside (Vietcomreal), Legend Park (VIG Land). The cooperation will benefit customer in selecting new house in the future. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 26 October 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 entertainment segment swarming with activity Vietnam Investment Review Numerous domestic investors have poured capital in high-end entertainment services, especially international-standard parks due to the increasing demand in the segment that calls for new suppliers. BRG Group and Sanrio Wave Hong Kong, which owns the world-famous Hello BRG Group and Sanrio Wave Kitty character, signed a memorandum of understanding (MOU) to develop Hong Kong have signed a MOU Hello Kitty Park—the first international-branded park in Vietnam. to develop Hello Kitty Park VietinBank and Gamuda Land Viet Nam have signed a strategic co-operation agreement VietinBank VietinBank and Gamuda Land Viet Nam have signed a strategic co-operation agreement. Gamuda Land Vietnam, a member of Malaysia-based Gamuda Berhad Corp, has introduced 2 big condo projects to the real estate market namely Gamuda City in Hanoi and Celadon City in HCMC. With the newly-signed agreement, VietinBank will provide funding at a reasonable Celadon City in Hochiminh City interest rate for Gamuda Land Vietnam projects. Four factors that can disturb HCMC real estate VnExpress Increasing gap between supply and demand, growing secondary investors, high credit growth – bad debt rate and lacking of policies to support social housing buyers are four risk factors of the HCMC real estate market in upcoming time. Over 9 months, the market continues to see the increase of secondary property investors who mostly buy-to-resell, especially in high-end and mid-end segments, which might occupy up to 50pct products of a project. Even foreign home-buyers in HCMC, according to a Real Estate Company, prefer to hire and re-sell their houses more than to stay. Phu My Hung’s Saigon South Residences sells like hot cakes Bizhub Phu My Hung Development Corporation starting selling condominiums at its new Saigon South Residences development in Southern HCM City late last week. It is the project that Phu My Hung has developed to provide its quality for more customers at an affordable price. The first day of sales attracted more than 1,000 prospective customers. The developer said many had come all the way from Hanoi since they were interested in the project. There were also foreigners taking part in the event. How will property firms handle without social housing loan package? Viet Bao Even though its scale is still hummable, the VND30-trillion housing loan package with 5pct interest rate has partly created a cushion for the market and reinforce confidence of home-buyers and project developers, has promoted the market to a period of recovery since 2015, after long time of being frozen. However, when the package reach its end, social housing and affordable commercial housing segment also gets weakened. According to the Real Estate Company, since early 2016, supply of affordable housing has declined sharply. For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 27 October 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.

Investors change “taste” with segment of terraced houses, villas Dau Tu Chung Khoan

Welcoming the recovery of the real estate market, since 2015, realty companies have actively launched terraced house, villa products in the market. According to Dau Tu Bat Dong San newspaper’s survey, Gamuda Land Vietnam has continuously opened for sale its villas of Gamuda Gardens project for 2 recent years. Meanwhile, the Vingroup also introduced many terraced house, villa projects such as Vinhomes Gardenia My Dinh, Vinhomes Thang Long, Vinhomes Long Bien, Vinhomes Paradise Me Tri. TTC Tourist celebrates newly-opened TTC Resort Premium

Investors change “taste” with segment of terraced houses, villas Vinhomes Gardenia My Dinh

Bizhub

TTC Group officially opens its TTC Resort Premium in the central coastal province of Ninh Thuan on October 25. The resort has 96 fully-equipped guest rooms and bungalows with free internet access. TTC Resort also has an outdoor swimming pool, private tennis course, elegant conference room and modern gym, as well as a luxury treatment spa, an inviting TTC Tourist celebrates newly-opened TTC Resort Premium restaurant across the beach, a cool bar and pick up services. Landed property charges ahead with a hike in sales Vietnam Investment Review

The villa and townhouse segment continues to lead Ho Chi Minh City’s real estate market with its high transaction volumes. The Real Estate professional said that Vietnamese buyers would like a house with their own land if they can afford it. This trend is happening in Ho Chi Minh City as more products are being offered for middleclass families. Homebuyers can buy a townhouse in District 2 or in Nha Be district at the same price as an apartment in District 7. Villas and Shophouses of Western Hanoi wait for year-end wave Thoi Bao

Entering the peak season at year-end, property developers constantly launch their major property products, in which the most noticeable ones are The Botanica and Shophouse Arcadia in Vinhomes Gardenia, My Dinh District, Hanoi. According to Real Estate Company’s Q3-2016, the activities of villas and terraced houses in the quarter record positive signals in all districts. Average secondary prices increase by 1.3pct y-o-y. NLG: Massive profit on Ehome, net profit reaching more than VND35 billion Viet Stock

Nam Long, one of the leading privately-owned real estate developers in Vietnam, has recently announced its consolidated financial statement in the third quarter 2016. The net revenue of Nam Long reached VND604 billion, 2.5 times as high as it was in the same period last year. The positive statistic mainly came from Ehome condo. On October 21, Nam Long has just introduced EHomeS Phu Huu with an attractive price at VND599 million per unit.

For market research reports, please visit our website at www.colliers.com

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Daily Real Estate News Highlights Vietnam - 28 October 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.

D’Le Roi Soleil-Quang An is awaiting completion in the first quarter of 2017 Vietnam Discovery

Tan Hoang Minh Group’s super luxury condo project D’ Le Roi Soleil-Quang An is awaiting completion in the first quarter of 2017. As promised by the developer, construction is going according to schedule. On 30 July, Tan Hoang Minh Group launched the sales of tower B of D’. Le Roi Soleil-Quang An, with more than 200 condos with a view of the Red River. Shocked Saigon’s central land lot priced at only VND108mln

D’Le Roi Soleil-Quang An

Bao Dat Viet

After a long time of gloom, landed property segment has recently made a comeback. According to a Real Estate Company, landed property market has grown strongly in recent time, along with the growth of connectivity and infrastructure. East Saigon has its property supply occupying 50pct of total new supply in HCMC. However, unlike 2015 when District 9 occupied the majority of new supply, 2016 witnesses District 2 ’s large-scale projects launched for sale, including Lakeview City in Q2 and Palm Residence in Q3. Investors’ mass invest in Asia real estate

Lakeview City in Q2

Bao Hom Nay

In the first half of 2016, direct investment in Asia real estate market by foreign investors achieved US$4.7bln, according to property company’s latest report. Ada Choi – a real estate professional, said that Asia with its strong and long-term growth prospects will continue to be a major destination for foreign investors. Anpha Land introduces five projects Doanh Nhan Saigon

Recently, Anpha Land signed coopreation agreement with 5 real estate investors including Kien A, Nam Long, Vietcomreal, Dong Mekong, VIG Land and APH to distribute 5 projects in the same segment 1.1 billion dong. The 5 projects are Park Vista (Dong Mekong), Citi Soho (Kien A), Flora Fuji (Nam Long), Viva Riverside (Vietcomreal), Legend Park (VIG Land). The cooperation will benefit customer in selecting new house in the future. Take billion-dong loan to buy apartment: a youth daredevil wins big Vietnam Net

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

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Daily Real Estate News Highlights Vietnam - 31 October 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.

Sapphire has recently announced its intention to divest all shares in Sanctuary Ho Tram Vietnam Discovery

Sapphire has recently announced its intention to divest all shares in Sanctuary Ho Tram, where the company has a stake of 51 percent. Sapphire will now fully focus on creating value in core operations. This decision comes on the heels of Sapphire has recently anlast week’s announcement that Sapphire, together with Sakkara Group Australia, Dragon Capital and GIC Singapore, is in search of new opportunities to invest in nounced its intention to divest all shares in Sanctuary Ho Tram new real estate projects in the city, including rebuilding old apartment buildings. Half of high-grade property purchase for speculation in HCMC Vietnam Investment Review

Fifty percent of upper middle and high ranking real estate purchase volume in Ho Chi Minh City is for speculation, according to the city Real Estate Association (Horea). Citing data from the Department of Construction, the association said that HCMC has recognized 47 future housing projects with 24,461 apartments to be eligible for capital mobilization during the first nine months this year. Year-end with unemployed money: Landed properties hike in prices Tien Phong

Half of high-grade property purchase for speculation in HCMC

Nguyen Thi Ngoc Tram, one of the real estate professionals, said that with the expectation to continue receiving financial support from commercial banks and improvements in legality regarding of domestic investment environment, Vietnam real estate market is forecast to maintain its growth in upcoming time. According to the Real Estate’s report, apartment sales prices in Hanoi in Q3-2016 in primary market are following upward trend, with average prices of projects launched for sales since previous quarters up 2pct. Mid- and high-end segments have better increase rate, up 6pct and 8pct. Meanwhile, under-construction projects see a rise of 1pct in prices. Modern Complex Shines Spotlight On Western Hanoi Vietnam News

Standing amidst a complex of luxury condominiums, the Truong Thinh Building provides 5,400sq.m of Grade A office floor area in Cau Giay District Ha Noi’s latest economic hub. Strategically located, the building has convenient access to all areas of Ha Noi through many major roads like the Thang Long Avenue, Highway 2 and Pham Van Dong Road. It takes only 15 minutes to CBD, 25 minutes to Noi Bai International Airport and nearby Industrial Parks. Besides, JW Marriott, Keangnam, Lotte and Grand Plaza are top hotel chains all located around the building. Scandal-hit Lotte vows ‘reborn’ image, investment Vietnam News

The chairman of scandal-hit retail giant Lotte Group on Tuesday vowed to restore the company’s image and promised a multi-billion dollar investment and job creation drive over the next five years. Shin Dong-Bin, together with his father and brother, has been indicted on charges of tax evasion and embezzlement following a lengthy corruption probe. The indictment came on top of a bitter, and very public feud between Shin and his older brother for control of the country’s fifth-largest family-run conglomerate. For market research reports, please visit our website at www.colliers.com

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