2018 marks ten years since the downturn in Vietnam’s real estate market and nearly five years of recovery. As with a decade ago, FDI inflows are concentrated in the high-end residential segment, according to the latest report from JLL. Famous names in the market include Keppel Land and CapitaLand, with the first high-end real estate projects in the country such as The Estella and The Vista. The total supply of high-end apartments in Ho Chi Minh City as at the end of 2007, at approximately 1,700 units, of which about 1,000 units were from FDI projects, was a very small proportion compared to the city's population of 6.85 million at that time. “Since the market share of FDI projects is not high, the average price of high-end primary stocks in 2007 was at $2,800 per sq m (at an exchange rate of VND16,112), representing an increase of 86 per cent compared with sales launches in the previous year,” according to Ms. Khanh Nguyen, Associate Director, Capital Markets of … [Read more...] about High-end residential the top choice of foreign investors
Q2 thao dien
Construction of condo-villa project Q2 THAO DIEN begins
An artist’s impression of Q2 THAO DIEN residential project in HCM City’s District 2. — VNS Photo G Homes House Development JSC in collaboration with Unicons Investment Construction Co Ltd have broken ground for Q2 THAO DIEN, a residential development in HCM City’s District 2. G Homes, the project’s developer, is a joint venture in which Singapore’s developer Frasers Property Limited and An Duong Thao Dien Real Estate Trading Investment JSC are partners. Q2 THAO DIEN, situated in Thao Dien Ward, will comprise a 32-storey tower with 315 apartments, 15 shop houses and 12 townhouses besides six villas. Nguyen Gia Bao, a member of the board of director of G Homes, and chairman of An Duong Thao Dien, said: “The highlights of this project are its favourable location at the centre of the up-and-coming Thao Dien Ward, the innovative architectural capability of Singapore’s leading consulting team and wonderful features such as an unblocked … [Read more...] about Construction of condo-villa project Q2 THAO DIEN begins
Residential project begins construction in HCMC
Property Residential project begins construction in HCMC The Saigon Times Daily Tuesday, Aug 14, 2018,16:51 (GMT+7) Residential project begins construction in HCMCThe Saigon Times Daily An artist's impression of Q2 Thao Dien - PHOTO: UNICONS HCMC – Unicons Investment Construction Co. and G Homes House Development JSC, a joint venture of Frasers Property Limited and An Duong Thao Dien Real Estate Trading Investment JSC, have broken ground on a residential and commercial mixed development project in HCMC. The Q2 Thao Dien project will comprise a 32-storey tower, with 315 apartments, sitting atop a six-storey podium, with 15 shop houses, a floor for facilities and car parking. The project will also house six villas and 12 townhouses. Nguyen Gia Bao, a member of the board of directors of G Homes House Development JSC and chairman of An Duong Thao Dien, said that the highlights of the project are its location at the center … [Read more...] about Residential project begins construction in HCMC
Frasers Property to acquire Phu An Khang for $18 million
Singapore-based Frasers Property Limited, formerly known as Frasers Centrepoint Limited, is to acquire 75 per cent of the issued share capital of Phu An Khang Real Estate JSC. Frasers Property recently announced that its indirect wholly-owned subsidiary Frasers Property Investments (Vietnam) 1 Pte., Ltd. (FPIV1) has entered into a conditional share purchase agreement with Tran Thai Land Company Limited to acquire 24 million ordinary shares. The Q2 Thao Dien project invested by Frasers Property These shares represent 75 per cent of the issued share capital of Phu An Khang Real Estate JSC. The completion of the proposed acquisition is subject to the fulfilment of the conditions set out in the acquisition agreement, Frasers Property’s statement said. If the proposed acquisition is completed successfully, Phu An Khang will become a subsidiary of Frasers Property. It is intended that Phu An Khang will undertake the development of a residential-cum-commercial project on a … [Read more...] about Frasers Property to acquire Phu An Khang for $18 million
BUSINESS IN BRIEF 23/7
Binh Dinh terminates investment attraction for oil refinery project The central coastal province of Binh Dinh has decided to end investment attraction for the petrochemical oil refinery project in Nhon Hoi Economic Zone due to its unfeasibility. In the coming time, the province will continue its other investment promotion activities while creating favourable conditions for investors from Japan and the EU to land their investments in the locality. After receiving agreement from relevant ministries and agencies, the province will work to lure investment projects to the Industry-Trade-Service-Urban Becamex-Binh Dinh complex, which covers 2,400 hectares in Canh Vinh commune, Van Canh district. This overriding priority is also given to investment attraction in other projects, including the Japanese Yo Yo frozen aquatic processing plant, Vinh Loi aquatic industrial complex and Cat Khanh seafood processing zone. Australia to intensify inspection of imported seafood from VN The Australia … [Read more...] about BUSINESS IN BRIEF 23/7