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Vietnam’s Top Property News – Week 11/2021

Posted by Khoi Pham on March 17, 2021

The top residential and commercial real estate news of the Week 11/2021 and property recommendations:

Information herein has been obtained from sources believed reliable, please analyze and use it at your own responsibility and independently confirm its accuracy and completeness.

NEW – Grand Marina Saigon (District 1, HCMC)

  • Developed by Masterise Homes
  • First branded residential project by JW Marriott & Marriot
  • Expected launch in May 2021
  • Refundable booking is now available

NEW – LUMIÈRE riverside, Phase 2 (District 2, HCMC):

  • Developed by Masterise Homes
  • 1-3 Bedrooms (48-113m2)
  • ~4,500USD/m2

NEW – The 9 Stellars (District 9, Thu Duc City):

  • 3000 apartments and 159 Villas
  • 2,300USD/m2 for apartments and 5,500USD/m2 for villas
  • Developer: SonKim Land
  • Special Promotion: 3% Discount for booking in February

NEW – Meyhomes Capital Phu Quoc:

  • Developed by Tan A Dai Thanh Awarded with Labor Medal and 25 Years with Good Contributions to Vietnam Economy
  • Is the First and Limited Landed Property with Freehold Tenure on Phu Quoc City (just Upgraded to City)
  • Shophouses from 117-206m2
  • Affordable from 350,000 USD
  • Special Promotion: 8% Discount

NEW – The River Thu Thiem, Phase 2 (District 2, HCMC):

  • Phase 2 location is opposite to Phase 1
  • Refundable booking is now available

NEW – Celesta Rise, Phase 2 (Nha Be, HCMC):

  • Developed by Keppel Land and Phu Long
  • 2-3 bedroom (78-105m2)
  • Price from 2,300USD/m2
  • Expected launch Q2/2021
  • Refundable booking is now available

NEW – The Marq, (District 1, HCMC):

  • Developed by Hongkong Land
  • 1-4 bedroom (48-145m2)
  • Price from 9,000USD/m2
  • Expected launch Q2/2021
  • Refundable booking is now available

Kallias Complex City Phu Yen:

  • Developed by NDMReal
  • Located at a prime location: on coastal road at the beach city center, Tuy Hoa City, Phu Yen
  • With an AccorHotels Group brand operating right at the project
  • Shophouses from 90-100m2
  • Price per unit from 260,000 USD

Hyatt Regency Ho Tram:

  • Developed by Hyatt Hotels & Resorts
  • President Villa/Beach Front Villa/Sea View Villa/Garden Villa from 290-1000m2
  • Limited 63 units
  • Million Dollars Project
  • Beach Property

Aqua City (Dong Nai Provice):

  • Townhouses/Villas/Shophouses from 120m2-360m2
  • Decent Eco Satellite City Adjacent to HCMC
  • Affordable from 300,000 USD

Masteri Centre Point (District 9, Thu Duc City):

  • Developer: Masterise Homes
  • Total scale: 10 towers
  • Unit size: 1 – 4 bedrooms
  • Affordable from 140,000 USD

Land handover remains a roadblock for major HCMC transport projects

Thu Thiem 2 Bridge

One of them is the Thu Thiem 2 Bridge over the Saigon River between Districts 1 and 2. Work on the 1.4 km long, six-lane bridge began in 2015 at a cost of nearly VND3.1 trillion ($134.9 million). It was originally scheduled to be completed in 2018 but has missed several deadlines due to land acquisition difficulties in District 1.

As of last year, work on the project was 70 percent complete but construction on certain sections in District 1 continues to face delays since some of the required land belongs to the Ministry of National Defense.

City authorities have been closely working with the ministry to speed up handover of the land. The project is now set for completion in September this year.

Source: VnExpress

Adjustment for general planning of Ho Chi Minh City in 2040

Ho Chi Minh City has about 13-14 million people by 2040, increasing to 16 million people by 2060 and the goal will be the financial and service center of Asia – Pacific.

This content is mentioned in the document on the adjustment of the general planning of Ho Chi Minh City to 2040, with a vision to 2060 by the Department of Planning and Architecture that has just sent to the People’s Committee of Ho Chi Minh City to submit to the City People’s Council at the upcoming meeting.

Regarding population distribution, it is expected that the old inner city area will have 4.5-5 million people; Thu Duc city has 1.9 million people (by 2060, it will be 3 million people); in the developed inner city area, there are 2.2-2.9 million people; the suburban area is about 4.2 to 5.6 million people (rural population is about 0.5 million people); Particularly, Can Gio sea tourism urban area is about 230,000 people.

The size of land for urban construction by 2040 will be about 100,000-110,000 ha. In which, the old inner city area is about 14,000 ha, the inner city area is about 35,000 ha (including Thu Duc city), and the suburban area is 50,000-60,000 ha.

Downtown HCMC, January 2021. Photo: Quynh Tran

Ho Chi Minh City’s urban area will be developed in the direction of adapting to climate change, sea level rise; public transport oriented (TOD), high-density urban development, incorporating various functions around large-capacity public transport stations; forming the nucleus of the main center and the sub-center: financial center, trade and service, health, culture, research, education and training…;

With a vision to 2060, Ho Chi Minh City is an innovative, creative, dynamically developing city, a pioneer in a large urban area, a center of knowledge economy and international trade of Vietnam, a financial center in Asia-Pacific.

Previously, the Prime Minister agreed to assign Ho Chi Minh City to set up the task of adjusting the general planning of the city to 2040 and a vision for 20 years thereafter. Up to now, the Department of Planning and Architecture has received comments from 5/7 units.

Most agree with the adjustment direction of the general planning of the city being studied. At the same time, with their functions and duties, departments have provided some additional legal information, management criteria according to relevant fields.

According to the Department of Planning and Architecture, the dossier of the General Planning Adjustment Task of Ho Chi Minh City will be completed and submitted to the City People’s Committee in March 2021, for the city government to submit to the Ministry of Construction for appraisal before submitting to the Prime Minister for approval.

Source: VnExpress

Vietnam tourism officials consider Covid-19 vaccine passports

Foreign tourists row a boat near Mua Cave in northern Ninh Binh Province, February 2020. Photo by Shutterstock

The Vietnam National Administration of Tourism is working with relevant agencies on a proposal to welcome vaccinated foreign tourists back to the country.

Nguyen Trung Khanh, head of the administration, on Thursday said after working with relevant agencies, it would consult the Ministry of Culture, Sports and Tourism to report to the government on the possibility of vaccine passports, a certificate identifying those that have been inoculated against Covid-19.

The move came after many tourism experts suggested the government consider opening up to vaccinated foreign visitors from the third quarter in a similar vein to regional peers to revive the hard-hit tourism industry.

As the world started rolling out Covid-19 vaccine shots, inoculation certificates have emerged to identify those that have been vaccinated for cross-border travel.

China and Israel were the first to issue digital health certificates for travelers who had been vaccinated against Covid-19, also dubbed ‘vaccine passports.’

The U.S. and Britain are among countries currently considering issuing similar permits, while the E.U. is also working on its own vaccine ‘green pass’, allowing those who have had the jab to travel more freely within the region this summer.

Government Office chief Mai Tien Dung said Thursday the government has not yet considered easing pandemic prevention protocols for those that have been fully vaccinated against Covid-19.

Those entering the country and holding ‘vaccine passports’ still have to undergo mandatory 14-day quarantine as per Health Ministry regulations, Dung noted.

Luong Hoai Nam, member of Vietnam’s Tourism Advisory Board (TAB), said the reopening of foreign tourism could “help lift the country’s status” as Vietnam could not wait until the Covid-19 pandemic ends to welcome international tourists back to the country.

Pham Duy Nghia, director of Viet Food Travel Company, which specializes in bringing foreign experts into the country, said vaccine passports could create a boost for the tourism industry when widely applied in future.

But he noted these passports could only be applied in the next three to four months when the global pandemic situation shows signs of abating and many people in the world have been inoculated with Covid-19 vaccines.

Nguyen Ngoc Toan, director of Images Travel Company that specializes in welcoming European visitors to Vietnam, suggested initially the country could consider opening up to business travelers from countries and territories in the region where Vietnam has close trade relations like Japan, South Korea or Singapore.

“Those who have been vaccinated should enter Vietnam without being quarantined. Neighboring countries such as Singapore and Thailand all have plans to welcome business travelers,” Toan added.

However, health experts in Vietnam proposed foreign passengers holding vaccine passports should still undergo 14-day quarantine in the absence of information on the potential risk of infection following two-dose inoculation.

Source: VnExpress

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