Aeon (Japan) to open shopping center in Binh Duong
6 JunProperty Market: Likely Recovery?
4 JunAccording to the new report released by Knight Frank – the global property consultancy, the past 3 years has knocked the confidence out of the property market, many companies and individuals involved in the real estate market lost considerable sums of money and when people lose confidence they look for alternative safe havens to invest and for most Vietnamese, Gold, Bank Deposits and Equities proved more attractive than property.
However, there is some light at the end of the tunnel, tighter legislation on gold trading, a downward trend on bank deposit rates and profit taking from the stock market has meant that momentum is beginning to shift and the spotlight is once again beginning to shine on real estate.
Knight Frank is seeing many of the more experienced developers, investors and buyers that have sat on the sidelines over the past 12 months now deciding that this is the time to dip their toe back in the real estate water. With further interest rate cuts predicted throughout the course of 2012, confidence is slowly beginning to come back to the market, provided the global economy doesn’t give investors any further nasty shocks for the remainder of the year and inflation remains stable. “We firmly believe the real estate market will start to recover”, Knight Frank reported.
Ultimately, the real estate market needs cheaper money available to buyers and developers. However, investors would encourage a steady decline in interest rates over the next 12-18 months which will bring some certainty and stability back to the market.
Real estate market is still receiving strong interest from foreign investors that see there is a window of opportunity; however, the obstacles and hurdles remain the same. In order for Vietnam not to lose out on this much needed investment to other countries there remains a strong need for much tighter regulation throughout the whole real estate industry with a strong and effective legal framework, with more professionalism and transparency. With further control and tighter legislation there is no question Vietnam will benefit from more and more foreign investment.
So where is the opportunity? Due to a very stagnant property market, development within the country declined dramatically over the past 2/3 years and whilst it may be difficult to envisage at this stage, as soon as the market starts to improve, existing stock in most sectors, especially Office and Residential, will be soaked up pretty quickly, which will lead to increased prices and rentals and a shortage of stock. So within 24-36 months, we will be in a very different position.
From another property consultancy, Marc Townsend, Director General of CBRE Vietnam still forecast that in 2012, businesses and individuals can gain profits from opportunities in the Vietnam real estate market.
In the CBRE Vietnam’ report published in April, while the Hanoi apartment market saw secondary price increase in the past three year, that in HCMC has been rather stable. It is estimated by CBRE that housing price in Hanoi will stay still, similarly to the trend in HCMC in recent years. This is reinforced by evidence showing that the number of remaining condo apartments in Hanoi is about 16,000 while the number of those expected to be offered in 2012 is up to 22,000 ones.
Mr Nguyen Trong Ninh, Deputy Director of Housing and Real Estate Market Management Department (Ministry of Construction) said: In previous years, the property market developed strongly, but the development is disassociated with specific strategies and plans, leading to serious imbalance in supply and demand. Besides, the credit system was not strong enough to fund medium and long-term development objectives.
“From 2012 to 2015, there will be a market adjustment wave. There will be both some insiders leaving and some new participants in the market,” said Mr Tran Kim Chung, General Director of C.T Group. The market will remain stable or decline a bit during 2012, then go up from the end of the year and reach the peak at approximately the end of 2014 or the beginning of 2015. However, from now to that time, real estate should overcome its inertia in the transition from monetization to financialization.
Reported by Huong Ly | VCCI News
The Metropolis Thao Dien
28 MayRescuing the Real Estate Market: Stuck with Output
20 MayKeangnam Vina opened the Vietnam’s highest observatory
18 MayPhoto courtesy of Mr Ken.
Hilton Danang Hotel
18 MayHilton Danang will be close to popular tourist attractions such as the renowned Non Nuoc Beach and Marble Mountain. Da Nang is also handy to the neighbouring ancient cities of Hue and Hoi An, both popular tourist destinations due to the UNESCO World Heritage Sites found in both cities.
Hilton Danang will have 226 guest rooms including an executive floor. The hotel will also feature an array of food and beverage outlets including a stylish all–day, dining restaurant, a lobby lounge featuring a café and a destination bar. Leisure facilities will include an outdoor swimming pool, a fully-equipped, state-of-the-art health club and a spa. The hotel’s meeting and banquet facilities include six meeting rooms and a 450-sqm ballroom, all featuring the very latest technology, making the hotel the perfect venue for meetings and events.
The project was officially started on 20/12/2009. Up to February 2012, the foundation of the project has been completed and was in the process of building basements, diaphragm wall.
Scheduled for February 2013, 4 podium floors of the project will be completed. The complex is expected to be put into operation in the fourth quarter of 2013.
The team
– Investor: Bach Dang Hotel Complex Trading Service Company
– Architectural design: HTA + PIZZINI Architechture
– Mechanical and Electrical Design: Meinhardt (Vietnam) Ltd.
– Designing structures: ASCA Vietnam.
– Hotel management: Hilton World Wide.
For further information, please contact:
Saigon One Tower – A New Landmark Is Born
17 MayLocation
Saigon One Tower offers the most desirable residences and office address in Ho Chi Minh city, No. 34 Ton Duc Thang Street. Ideally situated on the banks of the majestic Saigon river, in the heart of the bustling financial and commercial district, Saigon One Tower does not only accord with the municipal planning for the city CBD but also beautify the city skyline by forming a state-of-the-art addition to assist the urban regeneration of the city.
In The Heart of Historical & Entertainment Venues
Located in the city’s historic area opposite to the famous Ben Nha Rong which is now a memorial museum to the internationally-recognized politician and patriot Ho Chi Minh, Saigon One Tower is a short walk to the historic Opera Theatre and the Municipal Building (or now called the People’s Committee Office) of more than 120 years. It is within a few minutes of walking distance to the famous Ben Thank market with more than 100 years now being the symbolic icon of the City. Various international-standard hotels such as Sheraton, Park Hyatt, Caravelle, Meridien are in the proximity of the Tower with major CBD entertainment and shopping venues nearby.
The Vision of Saigon M&C Real Estate Corporation JSC was to design and develop a building which would be pioneering in Vietnam to assist shaping the Central Business District and the people that reside in it by creating an inspirational working and living environment for lifestyle where people can work and live in.
– Land size: 6,672m2
– Plot ratio: 46%
– Number of storeys: 41 floors
– Number of basement levels: 5 basements
– Functions: International Grade A office | First-class apartments | Department store
– Parking: 5 basements for cars and motorbikes
Extensive research and investment were carried out to make Saigon One one of the safest and most sophisticated buildings in Asia.
The tower is built on the deepest piling in HCMC today (102m) and also fulfills the strictest fire and safety standards set by the National Fire Protection Association as well as international standards.Wind tunnel tests were also conducted by Windtec (Australia) to minimize the effects of wind on occupants’ comfort and the building’s structure.
With the Integrated Building Management System, our facility managers can make the optimum safety and performance decisions based on real time information from all of the building’s systems.
Cisco’s Smart+Connected systems enhance our tenants’ working conditions in many waysby deploying advances technologies including: location-based RFID keeping track of people and their location within the building; 24/7 visual monitoring of car park, corridors, common areas, elevators; utilities (phone, internet, electricity, water, gas) monitored continuously and designed to operation without interruption; extendable and scalable to accommodate additional services.
– 2.9m floor to ceiling height, 10.00m in Entrance Hall.
– “Self-compacting” concrete in Vietnam, with 2 types of concrete grade: 75Mpa for vertical structures (foundation, columns, core), and 40Mpa for beams and slabs
– Cladding uses unitized system with laminated Low-E glass (12.76mm thick). Extrusion is treated PVDF, anti-fading
– 15cm raised floor, panel dimension 60x60cm, suitable for various finishing material (carpet, timber, tile, etc.)
– Floor loading of 350kg/m2 for office floor, 400kg/m2 for office balcony
– Lifts: Using PORT Technology from Schindler, allowing passengers to select the destination by using access card or the normal method without card. 12 passenger lifts for office block including 2 VIP lifts using card to access. 1 office fireman lift for all floors, and 1 goods lift serviced to all office floors. Lift speed time is 6-7m/s.
– Vehicle parking: 5 basements for cars and motorbikes
– Lifts using the Destination Control Technology of Schindler reduce waiting time and power consumption of the system in a more efficient use.
– Lighting system will be interfaced by iBMS using motion detector devices installed at public access.
– Office façade with Low-E glass helps to save 7% of air-condition energy and minimize the effects of solar heat while allowing maximum natural light into office.
– Offlice floors with sky terrace with double-height ceiling maximizes natural lighting coming to the furthest point of offices and this minimizing electricity cost for lighting.
Just on an amazing finger touch, you can control all facilities to comfort your personal life in a stylish way.
You are allowed to connect with a world of advanced technologies, the first in Vietnam. Cisco’s Smart + Connected platform and Control 4’s Smart Home control provide you with information and effortless control of your home via your smart phone or iPad. Monitor energy management; gas, smoke and intrusion alarms; integrated multimedia or ambience settings, and remote home surveillance from any place in the world.
The office block, a curving vertical volume is designed to respond to the Saigon River with the opposite historic landscape of Thu Ngu flagpole and Ben Nha Rong memorial museum of more than a century old. It is expressed with a curving glass facace, giving a full panoramic view from inside.
The Office lobby is to have a 10m-high ceiling to create grandness associated with Grade-A office building. With marble floor highlighted by a 6-metre high feature wall of warm tone to give a welcoming feeling of a corporare image.
Separate entrance to Offices from Residences and Retail areas.
Galleria
From the moment of entry, every visit is an experience – we know this, we understand this, and we deliver.
This is what makes Saigon One the destination.
Business & Data Center: A Business & Data Center with international-standard facilities to support business opportunities in Vietnam, including from working terminals with high-class interior furniture, virtual offices, conference rooms equipped with the most advanced Cisco’s TelePresence system, to a data center offering server racks and storage capacity.
Restaurants: Saigon One Tower not only provides an international food court on the 4th floor but also in-room dining services together with a signature VIP restaurant and bar with the finest selection of dedicacies and wines on building rooftop. These public floors are accessed via a dedicated speedy panoramic lift.
Privileged Club: Our impressive array of facilities in Saigon One is packaged in a VIP Club where you are ensured an unsurpassed comfortable working and living environment.
Revive and rejuvenate in the soothing day spa with its enhanced treatments. Relax and refresh by the cool calm swimming pool and sky garden, or physically recharge yourself in our full service gym.
And other facilities
• 24-hour concierge service
• Daily housekeeping
• Retail center
• Smart Parking system
• 24-hour convenience store
• More additional services at hand
Saigon One is proud to serve you the best that life has to offer.
The Team
– Developer: Saigon M&C Real Estate JSC specializes in real estate development, construction, back filing… and is one of the biggest and most reputable real estate developers in Vietnam.
Our products always satisfy the highest international standards in order to create a luxury, modern with abundant facilities but still remain a natural environment in accordance with the present municipal planning.
– Main Contractor: Bouygues Batiment International (BBI) – a subsidiary of Bouygues Construction (France), a world leader in the construction field – carries out major projects in over 20 countries.
BBI is providing to clients with innovative financing, design, construction, operation and maintenance solutions for their projects. BBI has been awarded in 2010 the largest PPP for a sports complex: The Sports Hub in Singapore. Lately, BBI has achieved major landmarks with some outstanding awards such as Tampines, the Arte @ Thomson, The Sail @ Marina Bay, Quayside Condo, Ritz Carlton hotel, etc.
– Architect: As architects, designers, planners and consultants, Gensler partners with clients on some 3,000 projects every year. With more than 2,000 professionals networked across 35 locations, Gensler has always been recognized as a trusted partner in every project.
Gensler’s work reflects an enduring commitment to sustainability and the belief that design is one of the most powerful strategic tools for securing lasting competitive advantage. This gave Gensler the opportunities to become designers of numerous iconic projects such as Shanghai Tower, Ritz-Carlton Dubai International Financial Center, San Francisco airport, etc.
– Building Management Network Consultant: Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Today, networks are an essential part of business, education, government and home communications, and Cisco Internet Protocol-based (IP) networking solutions are the foundation of these networks.
Cisco’s hardware, software, and service offerings are used to create Internet solutions that allow individuals, companies, and countries to increase productivity, improve customer satisfaction and strengthen competitive advantage.
– Principal Architect: DP Architects (DPA) was founded in Singapore in 1967 with a deep concern for the built environment and the need to create architecture of excellence that enriches the human experience and spirit.
With over 40 years of architectural practice, DPA has established its presence globally as one of the leading architectural firms in Asia with a diverse portfolio of prjects such as Esplanade-Theatres on the Bay, the Dubai Mall, Resorts World Sentosa, and Sports Hub Premier Park.
– Local Architect: ATA places strong emphasis on design excellence and professional integrity and personal commitment for clients. ATA has adopted several international system in HR management, as well as collaborated with different associations and consultants.
The company has been involved in a wide range of projects with complicated technical requirements such as Cho Ray Hospital, Nhon Trach New Town, Vietcombank Tower, Rach Chiec Sports Complex, etc.
– Property Manager: Savills Vietnam
– Exclusive Officer Agent: Knight Frank Vietnam
– Exclusive Retail Agent: CB Richard Ellis Vietnam.
For further information, please contact:
The first Ibis hotel in Hochiminh City will open in June 2012
15 MayFollow @vnre!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=”//platform.twitter.com/widgets.js”;fjs.parentNode.insertBefore(js,fjs);}}(document,”script”,”twitter-wjs”);
Hilton Worldwide Signs Agreement with Hoan Kiem Tourism & Trading Company Limited to Welcome First Hilton Garden Inn in Southeast Asia
14 MayFollow @vnre!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=”//platform.twitter.com/widgets.js”;fjs.parentNode.insertBefore(js,fjs);}}(document,”script”,”twitter-wjs”);
Ba Na Hills French Village
14 MayFor further information, please contact:
Follow @vnre!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=”//platform.twitter.com/widgets.js”;fjs.parentNode.insertBefore(js,fjs);}}(document,”script”,”twitter-wjs”);