Vietnam’s Top Property News – Week 9/2021
The top residential and commercial real estate news of the Week 9/2021 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 – Penthouse and Loft (6m ceiling high) at The Opera Residence, The Metropole Thu Thiem (District 2, HCMC):
- Penthouse: 1-3 Bedrooms (79-324m2), ~13,000USD/m2
- Loft: 1-3 Bedrooms (69-174m2), ~11,000USD/m2
- 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
Angel Island (Dong Nai Province):
- Elite Villas/Garden Villas/Grand Villas/Shop Houses from 154m2-360m2
- First and Unique Island Property with Yacht Marina Entrance MAINLY
- Million Dollars Project
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
Habana Island Ho Tram:
- Semi Detached Villas/Single Villas from 160m2-240m2
- Unique Island Property with View to Ocean and View to River
- Million Dollars Project
NovaWorld Phan Thiet:
- Townhouses/Semi Detached Villas/Shophouses from 100m2-150m2
- Capital Gain Guarantee 13%/year
- Affordable from 200,000 USD
- Beach Property
NovaWorld Ho Tram – Tropicana:
- Townhouses/Semi Detached Villas/Shophouses from 160m2-260m2
- Capital Gain Guarantee 13%/year
- Affordable from 300,000 USD
- Beach Property
Metro No. 5, phase 2 is open for private investment
Map of Metro Line 5, phase 2. Photo: MAUR
Metro Line 5, phase 2 was previously funded by the Korea International Cooperation Agency (KOICA) for a pre-feasibility study. However, for many reasons, ODA investment cannot be implemented and has been replaced by PPP to call for private investment. Total capital for the project is about 2.1 billion USD, before that there were two Korean investors interested in doing the project.
According to the planning, Metro No. 5 of Ho Chi Minh City is longer than 24 km, route: New Can Giuoc bus station – Highway 50 – Tung Thien Vuong – Ly Thuong Kiet – Hoang Van Thu – Phan Dang Luu – Bach Dang – Dien Bien Phu – Sai Gon bridge.
The project is divided into two phases. In which, phase one (Bay Hien crossroad – Saigon bridge), 8.9 km long, is currently appraised the pre-feasibility study report to submit to the National Assembly for approval of investment policy. The project is expected to have a total capital of about 1.9 billion USD, from the ODA of the Asian Development Bank (ADB), German Reconstruction Bank (KfW), European Investment Bank (EIB) and the Government of Spain.
Ho Chi Minh City plans 8 metro lines with a total length of about 220 km, total investment is estimated at nearly 25 billion USD. Currently, the route No. 1 (Ben Thanh – Suoi Tien) and No. 2 (Ben Thanh – Tham Luong) have been invested with ODA and concessional loans. Of which, Metro Line 1 is nearly 20 km long, currently reaching more than 82% of the volume, and is expected to be put into commercial operation in 2022. With the Metro No 2 project, Ho Chi Minh City is focusing on site clearance and inter-work to start construction in 2021.
Source: VnExpress
‘Vietnam has controlled the third Covid-19 outbreak’
Regular Government press conference
The third Covid-19 outbreak is the “strongest one” to date, but with proactive measures, Vietnam has been able to control the epidemic, according to Minister Mai Tien Dung.
The members of the Government basically agreed to assess that, despite complicated developments in Covid-19, with synchronous solutions and strict compliance with the people’s anti-epidemic regulations, Vietnam is still promoting its businesses, for achieving “dual goals”.
“This is the third outbreak of Covid-19 epidemic in Vietnam, the strongest one, but we took the initiative early to extinguish it. At 0:00 on the night of March 3, Hai Duong loosen anti-epidemic measures”, Mr. Dung said, at the same time, “must not be subjective in any situation”.
Also in the context of term transfer, Mr. Dung emphasized that the current public debt has decreased compared to 5 years ago, from 63.7% in 2016 to 55.3% of GDP in 2020; Government debt decreased to 49.1% of GDP, external debt decreased to 47.3% of GDP, lower than the prescribed ceiling.
Source: VnExpress
Vietnam’s economy to be Southeast Asia’s growth leader in 2021: Nikkei
In its article, the leading financial newspaper of Japanese media giants Nikkei Inc., said Vietnam is targeting a growth rate of 6.5% this year.
The agency stated Vietnam’s exports will likely continue to be supported by US tariffs on Chinese goods and that in order to avoid US tariffs, importers have shifted demand from China to alternative suppliers, with this trend likely to continue.
GDP forecast of S.E.A in 2021
According to the agency, before the pandemic, Southeast Asia achieved collective annual growth of about 5% for many years, making it one of the world’s best-performing regions.
The region also became an attractive investment destination, with a relatively young population driving demand and providing plenty of labour. These advantages remain in place, but first the region needs to stamp out Covid-19.
Nikkei also reported that Southeast Asian economies are aiming to this year regain the growth momentum they had before the Covid-19 pandemic caused historic declines in 2020. A look at early forecasts around the region, however, shows a wide range of scenarios as risk continues to lurk.
The agency said that Singapore hopes to achieve its forecast of gross domestic product growth of 4% to 6% for 2021, Indonesia expects GDP to grow by between 4.5% and 5.5% this year, the Philippines projects a growth range of 6.5% to 7.5%, while Thailand has lowered its targets, revising its 2021 forecast down to between 2.5% to 3.5% growth.
Source: Nhan Dan
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