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Vietnam’s Top Property News – Week 19/2021

Posted by Khoi Pham on May 12, 2021

The top residential and commercial real estate news of the Week 19/2021 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 & Marriott
  • Expected launch in May 2021
  • Refundable booking is now available

NEW – Shophouse at LUMIÈRE riverside (District 2, HCMC):

  • Developed by Masterise Homes
  • The last shophouses in Thao Dien, District 2
  • 4.8-5.6mx12m
  • 13 units in East Tower and 46 units in West Tower

NEW – Angsana Residences Ho Tram by Banyan Tree:

  • Developed by Banyan Tree and Madison Land
  • Located at a prime location at Ho Tram, only 2 hours away from HCMC
  • 2 and 3 Pool Villas from 360-384m2
  • Price per unit from 990,000 USD

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

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 – 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

Maia Resort Quy Nhon:

  • Developed by VinaCapital
  • Located at an untouched beach of Quy Nhon
  • A Fusion branch, Maia, new and promoting food and culture of Quy Nhon
  • 2 Bedroom from 453-611m2
  • Price per unit from 666USD/m2

Ixora Ho Tram by Fusion:

  • Developed by VinaCapital
  • Located at Ho Tram, 2 hours away from HCMC
  • 46 beach view villas (229-486m2) and 164 beach view apartments (45-98m2)
  • Managed by Fusion Resorts
  • Price from 2,600 USD/m2

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

HCMC new apartment prices rise, secondary market treads water

Apartments in Thu Duc City in HCMC. Photo by VnExpress/Quynh Tran

Apartment prices in the primary market in HCMC increased by 14.6 percent year-on-year in the first quarter, but stayed the same or even fell in the secondary market.

Real estate consulting firm CBRE said that the average price of new apartments was $2,219 per square meter.

Colliers International, another consultancy, said in the eastern part prices have risen 7-9 percent year-on-year since the establishment of Thu Duc City last January.

CBRE forecast a further rise of 1-4 percent in prices in the city’s primary market this year.

The luxury segment is expected to go up by 2-7 percent owing to the emergence of branded residences and luxury apartments – those costing above $4,000 per square meter — associated with international management brands in District 1.

Savills Vietnam attributed the rising prices to limited supply as the pandemic prevents the construction of apartments and complex procedures make acquiring land for housing projects difficult.

A survey by VnExpress found the average price in the secondary market in the last three quarters remaining at the purchase price and even 2-3 percent lower if sellers are in need of money.

Tran Khanh Quang, CEO of Viet An Hoa Real Estate Investment JSC, a developer, said the prices in the primary market seem to depend on the pricing strategies of sellers.

“The secondary market reflects the real estate market demand more clearly.”

Source: VnExpress

Vietnam sets new record as Monday cases top 100

Authorities spray disinfectants in HCMC for Covid-19 prevention, May 7, 2021. Photo by VnExpress/Huu Khoa

Vietnam’s Covid-19 daily new cases have gone past 100 for the first time as the Ministry of Health announced another 31 community transmissions Monday noon.

With 78 cases recorded in the morning, the number recorded in the day so far has risen to 109, the highest number since the disease first broke out to Vietnam more than a year ago.

On Sunday, 92 local cases were recorded. The previous record was 84, recorded on January 28 as the third wave broke out in the northern Hai Duong Province.

21 of the new cases were recorded in Hanoi, seven in Bac Giang, one each in Hoa Binh, Da Nang and Hai Duong.

In Hanoi, 12 cases were recorded at the locked down National Hospital for Tropical Diseases, a major coronavirus hotspot. Among them were a medical worker, eight patients and three of their family members. Three other patients, two men and a woman aged 35-72, were associated with public cancer facility K Hospital, which is also under lockdown. Two others, both male aged 1 and 56, have been in contact with confirmed coronavirus cases.

All the cases in Hanoi are being treated at the National Hospital for Tropical Diseases.

In Bac Giang, one man and six women aged 19-47, were all those who have made contact with confirmed coronavirus cases. They are all treated at the Bac Giang Province general hospital.

In Hoa Binh, a 33-year-old man was infected after being associated with the K Hospital. He’s being treated at the Hoa Binh Province general hospital.

A 35-year-old man in Da Nang and a 25-year-old man in Hai Duong were infected after making contact with other coronavirus cases.

A 35-year-old Pakistani expert is an imported case who flew from the UAE to HCMC on May 8. He’s being treated at the Long Dien District medical center in the southern Ba Ria-Vung Tau Province.

Nationwide, 442 community transmission cases in 26 cities and provinces have been recorded since late last month as Vietnam experiences one of its most challenging Covid-19 waves yet.

Source: VnExpress

Vingroup shuts down smartphone, TV manufacturing

A Vsmart phone produced by VinSmart, a unit of Vingroup. Photo by VnExpress/Bao Lam

Vietnam’s biggest private conglomerate, Vingroup, will stop manufacturing smartphones and televisions, focusing instead on producing equipment for VinFast cars.

Its VinSmart unit, established nearly three years ago, will start making “infotainment” features for VinFast cars to make them more competitive in the global market, Vingroup said in a statement Sunday.

VinSmart will also research, design and manufacture electric engines, electronic parts and batteries for electric vehicles to increase the localization ratio of its products.

The unit will also push research on devices for smart cities and smart homes.

“The production of smartphones or smart TVs no longer brings breakthroughs and creates unique values for users,” said Nguyen Viet Quang, vice president and CEO of Vingroup.

But developing smart cars, smart homes and smart cities will bring many “outstanding” benefits to humanity, therefore, the company wants to devote all its resources towards doing this, he added.

VinSmart will continue to produce TVs and smartphones to complete the products’ lifecycle.

Later, a part of VinSmart facility will be used to manufacture products for partners and the remaining part will be expanded to make its own new products.

Since its establishment in June 2018, VinSmart has introduced 19 smartphone models and five TV models to the market.

Source: VnExpress

Two more trains for metro reach Saigon from Japan

A ship carrying six metro train cars from Japan arrives at Khanh Hoi Port in HCMC’s District 4, May 10, 2021. Photo by VnExpress/Huu Khoa

Two more trains with three cars each for HCMC’s first metro line arrived in the city from Japan Monday morning along with eight engineers.

The cars, measuring 21 meters long and three meters wide and weighing 37 tons each, left Japan on May 1, reached Vung Tau port on Sunday night and onward to Khanh Hoi Port in HCMC’s District 4.

The eight Japanese engineers have come to work on installing the trains on the tracks and testing them. They were tested on arrival and quarantined.

One of the trains will be taken to the Long Binh Depot in District 9 on Tuesday night and installed on the T1 track where the first train, which arrived last October, has already been placed.

The other will be sent to the depot on Wednesday to be placed on another track

Doan Van Tuyen, project director at logistics services provider Gemadept Corporation, which is in charge of transporting the metro cars, said the cars would be transported 25 km from the port to the depot by trailer trucks just like last year.

The 19.7-km metro route No.1 from Ben Thanh Market in District 1 to Suoi Tien theme park in District 9 will have 17 Japanese-made trains in total.

The contractor, Japanese conglomerate Hitachi, plans to deliver two more trains each in June and July.

Each train will have a capacity of 930 passengers and travel at up to 110 kph above ground and 80 kph underground.

Work on the much-delayed line, which began in 2012, is almost 85 percent complete.

The city had hoped to begin commercial operations by the end of this year, but the Covid-19 outbreak has delayed it until next year.

It plans to build eight metro lines in all running a total of 220 km.

Source: VnExpress

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