monthly real estate news | november 2015

Monthly Updated Real Estate NewsColliers International’s real estate highlight is the monthly news which aggregates all prominent news in a month on the Residence, Serviced Apartment, Office, Retail and Industry real estate market.

Colliers International VietnamMonthly Real Estate News | November 2015

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Daily Real Estate News HighlightsVietnam - 02th November, 2015

Investing in IMBland Central Point Trung Kinh with VND2BNLandtodayAtlantic Vietnam is launching for sales the condominium project MBland Central Point Trung Kinh in early November 2015. With convenient location right in the heart of Cau Giay District, near Cau Giay park, this is considered one of the hottest projects in 2015. Designed with sizes from 64.7 to 69.9 m2, apartments here are priced from VND2BN/unit.Incentives for Leman Luxury Apartments buyersVnexpressFrom 29th to 31st 2015, Leman Luxury apartment buyers will receive 2% discount of the apartment value; Leman Golf course membership, a luxury tour to Switzerland and Portugal. In addition, customers paying prior to payment schedule regulated in the contract will receive an interest rate of 12.6%/year on pre-paid value.HCMC: 4 Billion Euro to build Metro-route line 5Phu Nu Online

Metro-route line 5 will be constructed to connect Can Giuoc bus station and Saigon bridge, with a length of 24 km. Metro-route line 5 is one of 8 metro routes planned in HCMC. This line starts from new Can Giuoc bus station, crosses National way 50, Tung Thien vuong, ly thuong Kiet, Hoang Van Thu, Phan Dang Luu, Bach Dang, Dien Bien Phu and ends at Saigon bridge with a length of 24 km.Vietnam construction market scale to reach USD14BN in 2021BizliveVietnam is one of Asian economies that had the highest developing speed in the past 20 years. The average construction growth reach 12%/year over the past 10 years and will reach 14 billion USD by 2021. The reason is increasing demand of affordable and luxury apartments. The market value is approximately USD6.8BN and will be doubled in 2021. Decoding phenomenon of The Art apartment for young intellectualsBat Dong SanThough haven’t been officially launched yet, 80% of apartments have been booked. The Art is considered a phenomenon in the apartment market at East Saigon area. With only VND1.2BN (VAT included), customer can own an apartment with 2 bedrooms and 2 toilets. That’s because of the breakthroughs and dedication to the community of young intellectuals that Gia Hoa cherished over the past 9 years.

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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.

MBland Central Point Trung Kinh

Leman Luxury Apartment


Daily Real Estate News HighlightsVietnam - 03rd November, 2015

HCMC: Adjusting planning of the VND7,000BN office towerCafelandInvested by Saigon Vina Real Estate JSC with a total investment of VND7,000BN, the project was formerly named Sai Gon Green Energy Tower and expected to start in 2011. According to the adjustment, the project has a total area of 31,163.7m2 including: office, trading, hotel, residential, green park and traffic areas.Duong Hong Garden House: Infrastructure-completed townhousesDoanh Nhan Sai GonInvested by Dai Phuc Group, Duong Hong Garden House is a residential land lot area, located in the functional area No.9 in south Saigon. The project comprises of sufficient facilities, finished infrastructure and vast greenery. The project comprises of office buildings, kindergarten school, swimming pool, gymnasium and park…8 Steps to consider before buying houses by installmentVnexpress

Mr. Tran Khanh Quang, CEO of Viet An Hoa company, shared 8 basic steps that buyers need to prepare when deciding to buy a house with bank loan. Preparing 30-50% value of the apartment, maintaining main income and trying to raise extra income, making a specific plan to deal with interest trap…are fundamental steps to overcome the pressure of current floating interest rate problem.Sonasea Villas & Resort: The irresistible attractionEnternewsSonasea Villas & Resort complex is one of the most attractive real estate projects in Phu Quoc. Novotel Hotel with 400 rooms will become functional at the end of this year. Sonasea Villas area with 78 resort villas will be completed as well and handed over to customer on April 30th 2016. Besides, CEO Group is constructing the commercial townhouse area with more than 120 units and 500 resort apartments.Impressive model houses of The Nassim luxury apartmentCafefThe Nassim luxury apartment project has launched sample houses at 25 Phung Khuc Khoan, District 1, HCMC. This is one of the most outstanding project in Thao Dien area, district 2. The project has attracted a great amount attention in the market when sample houses were launched. Investors and customers were entirely conquered by regal design and caste of the apartments.




Saigon Green Energy Tower

Hong Duong Garden House



Nearly VND30,000BN to develop Binh Quoi – Thanh Da areaThe Saigon TimesHCMC People’s Committee has approved the plan of choosing investors to develop Binh Quoi – Thanh Da urban area project in Binh Thanh District, with a total investment of nearly VND30,000BN. Early October this year, Bitexco Group was assigned to create the preliminary design of 2 bridges Binh Quoi – Thu Duc and Binh Quoi – Rach Chiec.Block B Le Thanh – Tan Tao project sales launchCafelandOn November 01st, Le Thanh Co, Ltd officially opened for sales the block B at Le Thanh – Tan Tao condominium project (Tan Tao Ward, Binh Tan District). The block B has 15 floors, providing 608 apartments sizing from 33,9 to 69,4 m2, priced from VND350MN/unit (VAT excluded).More incentives for social housing buyersNguoi Dua Tin

According to a new decree, maximum loan for social housing buying or renting is 80% of buying, renting contract value. The minimum loan term is 15 years from the date of the first disbursement. In case that customers want to loan in a shorter term, they can negotiate with banks about the shorter loan period.Apartment wholesale to foreign partnerThanh NienOn November 01st, Phuc Khang company signed an agreement with Genesis Global Capital Investment Fund to develop a green apartment series under American standard – Diamond Lotus. This fund committed buying 30% of products in Diamond Lotus series, constructed by Phuc Khang.UK firms keen on metro projects in citySaigon Times DailyUK companies are interested in metro projects and a Tan Son Nhat International Airport expansion project in HCMC, according to Lord Puttnam, UK Trade and Cultural Envoy of the British Prime Minister to Vietnam. Puttnam stressed the UK wants to be a reliable partner of HCMC in such projects. Puttnam said British Prime Minister David Cameron requested banks to support public-private partnership (PPP) projects in Vietnam after his visit to Vietnam earlier this year.




Binh Quoi-Thanh Da urban

Le Thanh-Tan Tao project



Sacomreal to introduce a series of projects late this yearVneconomyAt the beginning of November 2015, Sacomreal introduced wholesale new projects, in 3 major product lines: Jamona luxury urban complex, Charmington luxury apartment and Carillon mid-end apartment in District 1, 5, 7, 10 and Tan Binh, Tan Phu district. In this month, Sacomreal continues to introduce Jamona Golden Silk project.Thang Long Home - Phuoc An commercial houses open sale Thi Truong Bat Dong SanOn November 1, in Phuoc An Commune, Nhon Trach District, Thang Long Real Corp officially launched the sale of the commercial housing project Thang Long Home - Phuoc An, attracting huge attention of Saigonese, and visited by nearly 500 local labour immigrants with real housing demand. At the event, over 50 customers have pre-ordered apartments and become first residents of the project.Horizon Tower sales launchCafef

EZ Vietnam Real Estate Investment and Development JSC has just been authorized to be exclusive distributor of Horizon Tower project (N03 T3-T4) – Ngoai Giao Doan urban area, Bac Tu Liem District, Hanoi. The project will be officially launched on November 07th, 2015. Horizon Tower has 25 floors and 2 basement floors, equipped with modern facilities and 9 high-speed elevators. Green design and technology – The meeting of the futureKham PhaIn a digital technology area, the combination of modern science technology and green environment has created an intelligent and modern life, gradually improving people’s living standard. Based on an idea of an intelligent life – Smart living, Park hill PREMIUM is the first project to gather enough synchronized apartments with superior values.Four projects priced under VND1.5BN/unit in Tan Phu DistrictLand Today OnlineIn west HCMC, Tan Phu District is one of districts that have dense concentration of apartments priced averagely from VND1.5bln. Among them, Celadon City, Melody Residences and IDICO Tan Phu are new emerging projects that are sought-after by home-buyers. According to the investor, Celadon City is currently launching the sale of 372 Block C apartments in Ruby Precinct at prices from VND1.5BN/unit.




Jamona Golden Silk project

Thang Long Home project






Sales launch of the most beautiful apartments at Diamond IslandVnexpressApartments at The Brilliant towers with the most excellent position in Diamond Island project will be launched for sales at prices from VND4BN with many incentives in November. Customer can receive the apartment after making a payment of 30% the apartment value. The remaining can be paid in 3 years at the interest rate of 0%.The Capital Garden luxury condominium24hThe Capital Garden condominium is located at 102 Truong Chinh, Dong Da, Hanoi – the area with dense population and crowded trade. The project comprises of towers with 25 high-rise floors and 3 basement floors, on an area of 5,062 m2. Apartments here have 2-4 bedrooms and are priced from VND30MN/m2.Lotus Residence with park and lakeDoanh Nhan Sai Gon

Located in Phu Thuan Ward, District 7, HCMC and invested by Anh Tuan Group, the residential area Lotus Residence covers 4.6 hectares and is adjacent to Phu My Hung Urban Area. Lotus Residence comprises of 191 terraced houses, 23 villas and a 5-floor trade center, with emphasis in park and lake covering 4,875m2. Ecopark successfully selling 100 percent of Aqua Bay apartmentsForbes VietnamOn October 3-4, Viet Hung Urban Development, investor of Ecopark, found 126 lucky owners of villa and terraced houses products launched for Phase One sale at the new precinct Aqua Bay via a transparent and public lot drawing event. Located 20 minutes away from the heart of Hanoi, Aqua Bay is said to be an ‘active greenery’ connecting to the whole urban area Ecopark and Hanoi’s central area.New policies on renovating old condominiumVneconomyPrime Minister Nguyen Tan Dung has just issued a decree on renovating and reconstructing old condominiums. Accordingly, condominium reconstruction, renovation has to be implemented under projects, failing to rebuild a single house, unless an independent condominium.

Diamond Island project

Capital Garden project



Trang An Complex attracts customers due to excellent locationCafefWhen evaluating a real estate project, the first thing experts consider is the location. Located at 1 Phung Chi Kien, Trang An Complex is now under raw construction but promisingly will become a prominent luxury complex in this area. Currently, the project has not been launched yet but the investor has receive nearly 1,000 apartment orders.À la carte: the perfect choiceNguoi Tieu DungOriginating from Netherlands with simple but subtle, youthful and dynamic design, A la Carte hotel rooms are flexible in both size and decoration, creating many options, meeting various demands of investor’ interest and budget. On November 11th, FLC Group will hold launching ceremony of the seaside villa project FLC L’Amoura and the condotel project À La Carte Samson.VND9,000BN to develop Hue City into an international tourism destination.Saigon Times Daily

Thua Thien – Hue province focuses on investing approximately VND9,000BN to build Hue City into a green urban city of Vietnam, becoming an international tourism destination. The plan is devided into 2 phases, the first phase from 2016 to 2020 with VND1,400BN and the second one from 2020 to 2030 with VND7,600BN.The race of selling Vietnamese apartment in SingaporeBat Dong SanBringing products abroad to sell or seeking and convincing foreign investment fund to commit buying properties in Vietnam is becoming the trend applied by many real estate company. Typically, in October 2015 Keppel Land Vietnam took Estella Heights phase 2 (HCMC) to Singapore and introduced the project to this country’s investors.The slums in Da Nang suddenly get price escalationBat Dong SanCurrently, the slums Con market (Hai Chau District) is hunted by brokers after Da Nang has had plans of clearing this area. Many houses with size of only tens of meters but they are offered hundreds of million dongs, or even a billion dongs by brokers to buy the land lot compensation.




Tran An Complex

A La Carte hotel



Garden Villas and Canal Park at Ha Noi Garden City projectNguoi Dua TinOn November 07th 2015, Garden Villas and Canal Park apartments at Hanoi garden City were officially launched for sales. The project is invested by Berjaya-Handico12 Con, Ltd, the joint venture between Berjaya and Handico12 JSC. With a total area of 32 ha, Ha Noi Garden City is a complex project, comprising of garden houses, luxury apartments and trading center.10 Watermark luxury apartments sales launchVneconomyOn November 14th, Tay Ho Tay real estate development JSC will hold the “Customer Festival” and open for sales 10 final super luxury apartments at the Watermark project, Hanoi. The apartments are modernly designed, have 2-3 bedrooms and all have West Lake view. Right after signing sale contact, customer can move to the apartment immediately.Viglacera breaks ground housing area for workersDau Tu

On November 5, at the industrial park Yen Phong (Bac Ninh Province), Viglacera broke ground the housing-for-worker project, comprising of three 6-floor blocks with 439 apartments for sale and for hire. The whole project will be finished in Q4-2016.Inaugurating Vietcombank Tower in HCMCInfonetOn November 07th, Vietcombank Tower was officially inaugurated and put into operation. Located at the golden land plot, the tower is expected to be an outstanding grade A office building and present the influence of the bank. The tower is built under modern design and international standards with the scale of 35 floors and 4 basement floors.BIDHomes project to become operational in 2018BizhubThe Building and Infrastructure Development of Viet Nam Joint Stock Company (BID) and Urban and Housing Development Joint Stock Company have signed an agreement for BID Homes Golden South project’s development. Under the co-operation contract signed yesterday, the two sides will construct the 9,760 m2 complex in the expanded North Dai Kim Urban Area in the city’s Hoang Mai District.




Hanoi Garden City project

Watermark project



Tanzanite targets new home projectVietnam Investment ReviewTanzanite International has announced its plan to develop a second home project in Ho Tram town in the southern province of Ba Ria-Vung Tau, with the estimated investment capital of $500MN in the next decade. The Hamptons Ho Tram would comprise of 300 condotels and 24 beach front villas with $80MN of the investment capital in its first phase, which will be rolled out into the market in the second quarter of 2016. Hand over red books of Nam Vinh Yen urban area in Q4 2015CafefDIC Corp – the investor of Nam Vinh Yen urban area has informed that they would hand over red books to customers in Q4 2015. Nam Vinh Yen is a huge project with synchronized design and many utilities such as: Park, general hospital, 4-star hotel, luxury restaurant, school system, dynamic sport area and trading center.1.400 firms at Vietbuild 2015 in Ha NoiVietnam News

More than 400 local arid foreign companies will showcase their products at the international exhibition Vietbuild 2015 in Ha Noi from November 11 to 15. The five-day event will also include seminars introducing new and hi-tech products as well as enterprise forums, which will create opportunities for Vietnamese enterprises to expand trade cooperation, connect investments, and production and technology transfer.Vietnam needs cheaper social housingBizhubViet Nam needs to raise policies and solutions to hasten housing development for low-income earners in urban areas and industrial zones in an effort to improve their living standards. Social-house prices remain high for low-income earners, ranging between $22,330 and $44,660/unit.HCMC: real estate inventories decrease dramaticallyBao Dau TuAccording to statistics from HCMC Construction Department, apartment inventory volume in the city tends to significantly reduce. Specifically, real estate inventories have decreased by 76.5% in comparison with 2012, from 14,490 down to 3,402 apartments. The policy that allows apartment size change has a great impact on the inventories.




The Hamptons

Nam Vinh Yen Urban Area



Launching 88 5-star villas of The Villas at Vinhomes Central ParkBao Dau Tu88 Villas of The Villas at the the Vinhomes Central Park project will be officially launched in November 2015 by Vingroup. This is the villa area with the best location in Central HCMC and direct connection to the high-class marina of the city. The Villas comprises of detached villas and duplexes sizing 200-700 m2, design in neoclassical style with gardens.Charmington La Pointe – Luxury apartment in Central District 10Tuoi TreCharmington La Pointe is located in district 10 – one of the most excellent location in HCMC. With this location, Charmington La Pointe is a very ideal place for work, settlement and a perfect investing solution for customers. The project comprises of 345 office-tels sizing 31-45 m2 with sufficient facilities.Pearl Plaza mall opens in HCM CityVietnam News

Pearl Plaza, the first mall in HCM City’s Binh Thanh District, welcomed 25,000 visitors on its opening day last Saturday. Located at 561A Dien Bien Phu Street in Ward 25, the SSG Group owned mall offers a full range of shopping, dining, sports, and recreational services for people of all ages. More than 90% of its 26,822 m2 commercial area has been leased out.Saigon port redevelopment announcedVietnam Economic TimesSaigon Port Co. Ltd. will partner with Vingroup to develop a real estate project worth over VND11 trillion ($490MN) by the Saigon River on the current site of the Port after it is relocated in 2016. With 26% held by Saigon Port, Ngoc Vien Dong will develop a 32.1 ha residential area comprising 3,000 apartments, riverside villas, office buildings, commercial facilities, a boat terminal, and schools.Work starts on Vietnam’s ‘Silicon Valley’Thanh Nien NewsThe construction of a hi-tech park following the model of the US’s Silicon Valley began in Ho Chi Minh City on Tuesday. The US$40-million Saigon Silicon City project is expected to attract investors from next year. Total investment may exceed $1.5 billion over the following five years. The park targets hi-tech businesses, both local and foreign, especially those from the US’s famous tech base.




The Villas

Chamington La Pointe project






The Ascent – Green life among a green Thao DienCafelandTien Phat Real Estate Investment Co, Ltd has officially launched for sales the block B in the luxury apartment project The Ascent – Thao Dien Condominium at 58 Quoc Huong, District 2, HCMC. Located in central Thao Dien peninsula, the project comprises of 2 tower of 29 floors with 280 apartments.Social condominium construction just kicked off Saigon Tiep ThiAnother social housing project, with 718 apartments, begins its construction in An Lac Ward, Binh Tan District, HCMC. The project has total investment of over VND660MN, with a basement, a balcony, and six 15-storey apartment blocks built on a land lot covering over 12,300m2. The project is developed by Hoang Quan Real Estate and is expected to hand over in Q2-2017.Hoa Binh won bid of Deutsches HausNguoi Lao Dong

After finishing the basement of Ngoi Nha Duc project, Hoa Binh Company on November 9 continues to handle the new construction package to build the body and finish the project. The total contract value is VND480BN, and the project is expected to become operational in June 2017.Nam Phat Riverside land slots: Perfecting infrastructureDoanh Nhan SaigonDanh Khoi A Chau (DKRA) recently introduced the riverside residential area Nam Phat Riverside, located on Pham The Hien and Nguyen Van Linh Street, District 8, HCMC. The project comprises of 400 townhouse lots, with average size of 100m2/lot and prices from VND12.5MN/m2 (VAT included). The project is in finishing stage, and customers can pay 50% the lot’s value to own one.Da Nang seeks foreign investorsVietnam NewsDanang organised an investment promotion week for 15 members of the Japanese Business Association (Keidanren), and 120 other Japanese businesses, in Japan from November 9 to November 12. In a meeting with Kyohei Takahashi, Chairman of Showa Denko, and Kuniharu Nakamura, chairman of Sumitomo, chairman of the city’s People’s Committee Huynh Duc Tho said the city has offered investment from Japan in the high-tech, tourism and real estate sector.

The Ascent project

HOF-HQC social housing project



Ascott to manage 247 apartments of Somerset West PointThoi Bao Kinh te Viet NamOn November 11, The Ascott Limited signed a contract to manage 247 serviced apartments of Somerset West Point, located in Quang An Peninsula, Ho Tay District, Hanoi. The project is expected to inaugurate in early 2017. The tower is located in a picturesque area which is a favorite location of foreign businessmen – Quang An peninsula – West Lake.Dat Xanh Mien Bac to distribute homes at CapitaLand projectSaigon Times DailyProperty exchange center Dat Xanh Mien Bac and CapitaLand recently signed a strategic cooperation agreement, appointing Dat Xanh Mien Bac as the exclusive distributor of homes at the S3 building of the Seasons Avenue project developed by CapitaLand and its partner Hoang Thanh Co. Ltd. in Mo Lao New Urban Area, Ha Dong District, Hanoi.COFICO picked as main contractor of Gateway Thao DienSaigon Times Daily

SonKim Land and Hamon Developments have selected COFICO as the main contractor and Mace as the consultant for the hig-hend Gateway Thao Dien apartment project in HCMC’s District 2. Gateway Thao Dien, which is located by Hanoi Highway, will deliver its apartments to customers in quarter four of 2017.The flow of money into propertyXa Luan onlineThe real estate market currently receives not only foreign capital influx, but also domestic capital flow. According to experts, as the real estate market is growing sharply, the demand of customers in every segment also rises strongly. From now up to year-end and two upcoming years, the market will continue to grow. Many foreign property investors have invested greatly in Vietnam property projects, such as Creed Group (Japan) investing US$200mln in Angia Investment…Companies back new rule on social home areaSaigon Times DailyReal estate firms active in social housing development projects have thrown support behind the new Government regulation on the minimum area of asocial apartment. The new rule in Government Decree 100/2015/NDCP on development and management of social housing projects specifies the area of an apartment unit must range from 25 to 70 square meters. The minimum area is 20 square meters lower than proposed in a draft of the decree.




Sommerset West Point project

Season Avenue project



Hung Thinh Corp to develop Lavita Garden projectEnternewsHung Thinh Corp has officially introduced the Lavita Garden project to customers. Not only perfectly located near Binh Thai Station of Ben Thanh – Suoi Tien metro line, Lavita Garden also offers a fresh living environment, meeting settling and trading demand of all customers. The project comprises of 2 block of 20 floors with 648 apartments, sizing 50.37 to 71.68 m2.Approve detailed planning of Le Trong Tan new urban areaTap Chi Giao ThongHa Noi People’s Committee chairman, Mr. Nguyen The Thao, has just approved general adjustment of Le Trong Tan new urban area, Ha Dong District, Hanoi. Total planned area is approximately 77.4 ha with the population of 23,000 people. Le Trong Tan urban area will be developed into a modern urban with unique design and sufficient facilities.Garden Homes: New policy for superior homeDau Tu Online

With the promotion ‘Small interest - Big home’, from November 1 to 30, customers pre-ordering Garden Homes products at the urban area Gamuda Gardens will only need to pay upfront 10pct the product’s value and pay the next 40% following flexible construction rate until the home is handed over. Especially, 50% remainder will be allowed to pay by installment in 24 months at zero interest rate.Announcing phase 1 of Cat Tuong Phu Nguyen Residence projectCafelandOn November 09th, Phu Tai Duc Hoa Real Estate JSC announced the serviced – commercial urban area Cat Tuong Phu Nguyen Residence Phase 1 with 250 products. Located in My Hanh Nam, Duc Hoa, Long An, the project has an area of 32.08 ha. Customer can own a land lot here with only VND350MN.Phu My Hung develops international commercial and financial districtBizhubCrystal Palace, a new four-star property, has opened in the International Commercial and Financial District of Phu My Hung City Centre in HCM City, offering an ideal new destination to organize parties, weddings, and business meetings in the area. The 11,500 m2 hotel has nine floors with 80 guest rooms designed in European style.




Lavita Garden

Le Trong Tan new urban area



Highlights of the Star Hill townhouse projectVnexpressLocated in the International Financial and Commercial Center of District 7, HCMC, the Star Hill project inherits synchronous and modern infrastructure, suitable for living and trading demands. Star Hill is built on an area of 2.1 ha, comprising of 14 towers from 4 to 18 floors with variety of houses such as apartments, townhouses and stores…Novaland officially launches Richstar projectBat Dong SanRichstar project is located at 239-241 Hoa Binh, central Tan Phu district, where is changing day by day thanks to improved infrastructure system. The project has a scale of 3 ha, comprising of 6 25-floor blocks. The price of 1-bedroom apartment is VND1.39BN, 2-bedroom apartment is VND1.69BN, 3-bedroom apartment is VND1.95BN.Office-tels tipped to top HCMC marketBizhub

Office-tel developments, which combine residential and commercial uses in one apartment, are mushrooming in HCM City and are expected to lead the market in future. Le Hoang Chau, chairman of the HCM City Real Estate Association, said many developers were now investing in office-tel projects unlike a few years ago, indicating the segment’s popularity.Sun Group launches another Hoa Xuan Project saleBizhubReal estate firm Sun Group launched an additional sale of plots in the Hoa Xuan urban ecological zone in the central Da Nang City on November 16. All Hoa Xuan Project plots that were offered in its first sale in June were sold within 15 days, as it was considered one of the most worthwhile living spaces in central Viet Nam.Solution for ground problem of enterprisesSai Gon Dau TuStretching over 300m on Nguyen Huu Tho street – the main developing axis at Southern Saigon, Galleria brings convenience in business to customers. Owning Galleria, enterprises can freely range their office or showroom and combine a quality living space. Thus, with only one ground, enterprises have a 3-in-1 advantage.




Star Hill

Richstar project



Green Pearl Complex projectCafelandLocated at 378 Minh Khai, Hai Ba Trung, Hanoi, Green Pearl complex owns an excellent location of southern capital gateway. The project comprises of an area of 2.8 ha, including 2 condominium towers with 21 floors, 69 adjacent townhouses, villas and other utilities. There are 504 apartments with smart design in the project.Reality of price fever in Binh Quoi – Thanh DaCafefAfter HCMC People’s Committee approved the plan of choosing investor for Binh Quoi – Thanh Da urban area (Binh Thanh district) a few days, rumors has it that housing prices here have been increasing significantly. According to real research, in fact housing transaction here is very quiet.Risk still looms in realty market in citySaigon Times Daily

The HCMC Department of Construction held the conference last week on the current situation, potential, solutions and development orientations of the HCMC property market, pointing out that despite recent signs of recovery, the real estate market in HCMC is still facing risks such as an unclear development orientation, a lack of transparent market information and an imbalance between supply and demand.Pausing construction of local mass administrative centerGiao DucPrime Minister urges local authorities halted the construction of local mass administrative center to evaluate more deeply and get experience in construction. In progress of local development, many administrative headquarter is located among trading center, which is not appropriate to development.More than 40% of projects in HCMC stopped or not yet constructedStockbizAccording to statistics of HoREA, HCMC currently has 1,219 projects but up to 405 projects haven’t started construction yet. Among 325 projects have started, 97 projects have to stop construction. The biggest challenge to real estate market is raising housing demand of all levels of residence, with higher and higher requirement about quality, utility and environment friendliness.




Green Pearl complex

Binh QUoi-Thanh Da urban






Official launch of Gia Cat Garden projectVneconomyTwo real estate distributors Danh Khoi A Chau and Nam An have officially launched for sales Gia cat Garden project – the land plot project with green living space and reasonable prices at Cat Lai urban area, District 2 (HCMC). The project comprises of 143 land plots. With VND2BN, customers can own a land plot sizing up to 140m2 and red book is expected to be handed over in early 2016.Why Nine South estates?Saigon Times DailyNine South Estates (NSE) is a branded residential project developed by VinaCapital. This latest development is a waterfront community comprising 381 garden homes and luxury riverfront villas located between the Tom River and Nguyen Huu Tho Road in Saigon South. Currently, 62 garden homes have now opened for booking with very attractive prices and payment terms.Real estate speculation has appearedLandtoday

Though bubble situation is unlikely to happen now, the Prime Minister of Construction Department acknowledges that the market is showing signs of warming, causing speculation. Market movements are complicated so management agencies mustn’t be subjective. It is comparative to actively develop realty sector under stable direction and perfect relevant legal policies.The ONE Residence apartments offer zero-interest loansVnexpressIn The One Residence’s sales policy, customers buying apartments at the project only needs to make a payment worth 30pct the flat’s value, and the remainder will be financially supported by Gamuda Land Vietnam’s banking partners at zero interest, with original debts extended up to 12 months. According to Cheong Ho Kuan, CEO of Gamuda Land Vietnam, The One Residence project is developed following the building quality evaluation system CONQUAS, developed by Singapore Building & Construction Authority.The Sun Avenue Office-tel in Thu Thiem, HCM City’s golden areaVietnam NewsThanks to its low investment cost and high returns of 812 per cent, office-tel remains the most popular segment in the real estate market in the last quarter of 2015. Of the 10 projects with office-tel units being developed by Novaland Joint Stock Company (Novaland), The Sun Avenue, is the hottest. Demand has kept increasing thanks to a unique instalment offer that requires buyers to pay just VND22MN a month.

Gia Cat Garden project

Nine South Estates project


Daily Real Estate News HighlightsVietnam - 23rd November, 2015

Launching land plots in Nam Phat riverside housing areaVnexpressDanh Khoi A Chau Real Estate JSC (DKRA) and the investor Hai Thanh is holding the launching ceremony of Nam Phat riverside land plot project on November 22nd at Windsor Plaza, District 5, HCMC. The project comprises of 400 land plots with average size of 100m2 each. The land plot will be sold at VND12.5MN/m2 (VAT included) with flexible payment method within 18 months.Central STDA to exclusively distribute the Sentosa City projectEnternewsOn November 19th, Bach Dat Real Estate Co, Ltd and Central STDA signed a strategic agreement on exclusive distribution of the Sentosa City project. Total area of phase 1 is 29,7 ha. Each land plot sizes from 87,5 m2 to 260 m2. The project is expected to to launched in late November and priced from only VND2.76MN/m2 with many attractive incentives.Nhat Nam CIC to launch Spring House projectBat Dong San

Nhat Nam Construction and Investment Consultant JSC (Nhat Nam CIC) has just introduced the Spring House project to the market on November 17th. Spring House is a townhouse project with 30 houses synchronously constructed in Binh Chanh urban area, Thu Duc District, HCMC. Currently, Spring House is sold at VND3,4BN/unit. The project is expected to be handed over in Q1 2016.Solutions to save 502 delayed projects in HCMCCafefOn November 18th, in a document proposing to HCMC People’s Committee about some solutions to real estate investors’ difficulties, HoREA supposed that government should support enterprises in project compensation and site clearance when more than 80% of compensation is done, ensuring benefit of land owners, enterprises and the whole society.FLC Twin Tower to get heated before launching timeVneconomyFLC Group has informed that they would launch the FLC Twin Tower project at 265 Cau Giay, Hanoi in late this month. The project is just a few kilometers away from Ba Dinh district center. The apartment sizes are flexibly designed with 5 types: 92m2, 96m2, 110.7m2, 121.7m2 and 125.8m2. The project will be sold at prices from VND37MN/m2.




Nam Phat Riverside housing

Sentosa City



Open for sale 15 projects at Dragon City Festival 2015Thanh NienOn December 5-6, Phu Long Real Estate will hold the Dragon City Festival 2015 at PVGas Tower in HCMC. The event will introduce 15 projects comprising of urban areas, villas, apartments, hotels and resort properties in HCMC, Nha Trang, Danang and Phu Quoc, including projects like Dragon Hill 2, Dragon Parc Villas 2, Dragon Riverside City, etc.Saigonres Plaza guaranteed by HDBankTuoi TreSaigonres recently signed an partnership agreement with HD Bank to provide guarantee for Saigonres Plaza, in Binh Thanh District. The project is developed by Dat Xanh Mien Nam, and offered at prices from VND1.57BN/apartment unit. City to recall 3,290 hectares of land for projects next year.Real estate market must reform in time for TPPVietnam News

Poor master planning and cumbersome policies have limited the sustainable development of HCM City’s real estate market. There has been oversupply at times, few low-income apartment buildings, a shortage of rental apartment buildings, and delays in construction caused by weak companies. A lack of transparency and unstable development has also been other weak points of the market, leading to a huge number of apartments.Gain mass profit with The ONE Central townhousesDau Tu OnlineNot only providing housing models for customers to shelter, the urban area Gamuda Gardens also introduce the commercial townhouse model with The THREE Central and The ONE Central, in order to meet customers demand on a home for both staying and doing business to generate stable income, contributing to the development of a sustainable lifestyle.City to recall 3,290 hectares of land for projects next yearSaigon Times DaillyThe HCMC Department of Natural Resources and Environment has submitted to the city government a list of 491 projects to be implemented next year with 3,290 hectares of land needed. Of the projects, 293 are carried forward from 2015 with 1,360 hectares of land needed and 198 projects are registered for implementation next year with a total of 1,932 hectares.




Dragon Hill Residence project

Saigonres Plaza



Reasons why The EverRich Infinity attracts customersCafelandThe current vibrant and bustling real estate market easily makes customers confused. It is hard to make choice and decision because buyers have to face almost similar information from all projects. Amid this market, The EverRich Infinity of Phat Dat Real Estate company is considered to gather enough advantages of a modern life, which makes customer easily convinced.Launching Sapphire luxury apartments of Goldmark City projectVneconomyThe investor TNR Holdings Vietnam and the distributor Dat Xanh Mien Bac are going to launch Sapphire luxury apartments of Goldmark City project late this year. Sapphire area includes four 40-storey buildings. Apartments are combination of modern design and natural harmony. The Sapphire 1 and 2 buildings comprises of big apartments and Sapphire 3 and 4 buildings with smaller ones.Holding many huge project, is CEO Group “exhausted”?Cafeland

CEO Group has just approved the investment of Sonasea Residence luxury villa project with a scale of 62 ha at Duong To Commune, Phuc Quoc. The expected total investment is VND1,858BN, comprising of 783 units. Besides, CEO is now investing in 2 other big projects in Phu Quoc, Sonasea Villas & Resort and Sonasea Golf Estates. Launching the Aquaspring 282 Nguyen Huy Tuong project Bao Dau TuOn November 14th 2015, the investor HANCO3 and the exclusive distributor Dat Xanh Mien Bac officially launched the Aquaspring Condominium project, 282 Nguyen Huy Tuong. The project is a high-rise complex with 17 floors for 98 apartments and commercial offices. All apartments are smartly designed with sufficient utilities, sizing 71-103 m2. There will be 60-storey towers at Saigon – Bason complexCafefCentral area of Saigon – Bason complex is planned with high-rise buildings along Tong Duc Thang, Nguyen Huu Canh Street to fully exploit beautiful view towards Saigon river. There will be highlight works of 60-storey towers along Ton Duc Thang street. Specifically, Saigon Bason complex has a scale of 25.29 ha, comprising of public works, green parks, residence area, amusement area and urban infrastructure…




The EverRich Infinity project

Goldmark City project



Topping out Home City Trung Kinh projectVnexpressVan Phu Investment has just held topping-out ceremony of the Home City apartment project, 177 Trung Kinh, Cau Giay, Hanoi. The raw part is completed and the project is expected to be handed over in Q4 2016. Apartments here have sizes ranging 61,4-114 m2 with 2-3 bedrooms. Each apartment is prices from VND1.8BN (VAT and fundamental furniture included).City Gate Towers – Smart choice for an apartment in district 8Bat Dong SanCity Gate Towers project is invested by Nam Bay Bay Investment JSC with an expect investment of VND963,6BN on Nguyen Van Kiet boulevard, district 8. The project comprises of four 28-storey blocks with 1,092 apartments. Customers can choose apartments with 2 or 3 bedrooms sizing 67.6-86.7 m2 at the price from VND1.3BN (VAT included).Housing loans disbursement to end soonBizhub

The VND30-trillion (US$1.3BN) housing stimulus package’s disbursement will end in April as more than 70% of it has been handed out, Construction Minister Trinh Dinh Dung said. by the end of October, banks had given VND21.5 trillion ($955.5MN) in loans under the package, while the real disbursement was approximately VND13.5 trillion ($600MN) or 45% of the total.Bank credit maintains growth momentumNhan DanKhadihouse recently signed a strategic cooperation agreement with VietinBank. Accordingly, VietinBank will become strategic partner accompanying with the real estate agency in developing property projects. At the signing ceremony, Khadihouse also announced Melosa Garden project with total investment of VND 1.3 trillion. VietinBank financed VND900BN. Sun Group pledges VND20 trillion investment in Lao Caisaigon Times DailySun Group has committed to investing over VND20 trillion (US$887.5MN) to develop an airport and other projects in Lao Cai Province at a tourism investment promotion conference for the northwestern region in HCMC yesterday. In accordance, Sun Group plans to build more than 8,000 hotel rooms in addition to an airport in the northern mountainous province.




City Home Trung Kinh project

Binh QUoi-Thanh Da urban






Doan Ngoai Giao Urban Area – A smart choiceCafefLocated at West West-Lake and adjacent to Starlake Urban Area, Ngoai Giao Doan urban project is inheriting one of the most attractive locations in Hanoi. Apartments here are smartly and modernly designed on sizes and performance, the project now attracts a great number of customers who are seeking for a green life in the heart of Hanoi.Establishing Hanoi Green Technology City with more than 57haCafelandHanoi People’s Committee has just approved the detailed planning with scale 1/500 of Hanoi Green Technology City at West Nhue river, Dai Mo ward, Nam Tu Liem District. According to the approved planning, the project has a total area of 574,650 m2 with expected population of around 4,000 people.Hoa Binh won two bids worth nearly VND3trillionNguoi Lao Dong

On November 23, Keppel Land Watco and Hoa Binh Company officially signed a partnership agreement to construct the tender of Saigon Centre - Phase 2 (District 1, HCMC). Hoa Binh will become the main contractor of the project with a total contract value of over VND1,700BN, and expects to finish the construction in July 2018. Easily buy housing in Saigon with income of VND16-20MNGia DinhThe economist Dinh The Hien said that today young individuals and newly married couples whose income is VND16-20MN/month can comfortably take a loan to buy housing in a big city like HCMC. He analyzed that though their available capital was limited, their ability to increase income was high. In additional, their working time was still very long.Ministry inspects four property projects in HanoiSaigon Times DailyThe Ministry of Construction will inspect four property projects in Hanoi to look into violations of the investors as complained by local residents. The four are Yen Hoa-Thang Long apartment project of Thang Long Co. Ltd., Sky City 88 Lang Ha of HANOTEX Co. Ltd., the head office of Hanoi Consultant and Construction Investment Co. and the LOD building of LOD Human Resource Development Corporation.

Doan Ngoai Giao Urban

Nine South Estates project



Binh Khanh Apartment project to bring a new view of resettlementCafefAccording to the policy of HCMC Council, Thuan Viet Construction Commercial Co, Ltd has been appointed to construct 3,550 resettlement apartments of Binh Khanh apartment project, district 2. The requirements for the project were high-quality apartments, sufficient utilities of a luxury project, modern design and appropri-ateness to the development of Thu Thiem new urban area.Vietinbank to finance Duong Noi Urban Area projectNguoi Lao DongVietinBank- Nam Thang Long branch has signed a strategic contract with Nam Cuong group, the investor of Duong Noi new urban area. Under the agreement, VietinBank will provide capital for phase 2 of this project. The new urban area has a total planned area of 197.3 ha with the population scale of 25,000 – 35,000 people.Central province draws investorsVietnam News

The coastal central province has granted 33 investment licenses, of which six are for Foreign Direct Investment, in the first 10 months of this year. The total capital of these investments amounts to VND947.7 billion (US$45 million). The FCL Group is the largest domestic investor in the province, with total registered capital ofVND3.5 trillion ($167 million) in the Nhon Ly Resort Complex project.FIRST REAL to launch 2 huge projects in DanangBao Dau TuOn November 28th at EDEN PLAZA Danang international conference centr, First Real Realty Service JSC hold the cooperation signing and official launching ceremony of the FPT City Danang urban area project and Center House City of Hoa Quy City urban area. The projects are planned to become the first model of green smart urban in Danang and Central Vietnam.Green Bay Village project officially launchedVneconomyThe official launching ceremony of the Green Bay Village project is going to be held on Tuesday November 01st by the investor BIM Group – Syrena Vietnam. The project comprises of single-de-tached and attached villas with sufficient services such as: Halong Marine Plaza amusement and trading compound, international standard cinema, Marina Bay beach, schools, medial and financial centre…




Binh Khanh Apartment project

Duong Noi Urban Area

COLLIERS INTERNATIONALHO CHI MINH OFFICEBitexco Office Building, level 719-25 Nguyen Hue, District 1Tel +84 (8) 38275665Fax +84 (8) 38275667

monthly real estate news | november 2015

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