CapitaLand wades deeper into Vietnamese commercial real estate

Through the Lemon Grass Master Fund, existing Japanese investors continue to pour an additional US$100 million into SonKim Land. The first phase investment of US$46 million was injected on December 21 while the follow-on funding of US$54 million is scheduled to be injected in the first of 2017. After the very first investment of US$37 million in 2013, Lemon Grass Master Fund’s second capital contribution has affirmed the strategic partnership between foreign investors and SonKim Land. This also reflects the trust by foreign investors in SonKim Land’s strategies, potentials and development plan. Nguyen Hoang Tuan, chairman of SonKim Land, said “We are very pleased with strong commitment and belief from our Japanese investors. This shows that they are not only confident in SonKim Land’s business, but also in the steady growth of the Vietnam real estate market in the years to come. This investment will help SonKim Land to increase its portfolios and strengthen its leader position in the luxury high-end residential market.” SonKim Land primarily focuses in the premium and luxury segment through developing projects in prime locations. The company has won two consecutive “Best Luxury Condo Development” awards at Vietnam Property Award in 2015 and 2016 with its Gateway Thao Dien and The Nassim projects respectively. SonKim Land’s strong attention to every little detail and its commitment to quality have differentiated it from other developers in the town and positioned itself as Vietnam’s leading luxury property developer. In December 2016, SonKim Land has just launched the Serenity Sky…... [read more]

SonKim Land Corporation has announced its completion of calling for international investment capital in 2016. Through the Lemon Grass Master Fund, existing Japanese investors continue to pour an additional $100 million into SonKim Land. The first phase investment of $46 million was injected on December 21 while the follow-on funding of $54 million is scheduled to be injected in the first of 2017. After the very first investment of $37 million in 2013, Lemon Grass Master Fund’s second capital contribution has affirmed the strategic partnership between foreign investors and SonKim Land. This also reflects the trust by foreign investors in SonKim Land’s strategies, potentials and development plan. Nguyen Hoang Tuan, chairman of SonKim Land, said: “We are very pleased with strong commitment and belief from our Japanese investors. This shows that they are not only confident in SonKim Land’s business, but also in the steady growth of the Vietnam real estate market in the years to come. This investment will help SonKim Land to increase its portfolios and strengthen its leader position in the luxury high-end residential market.” SonKim Land primarily focuses in the premium and luxury segment through developing projects in prime locations. The company has won two consecutive “Best Luxury Condo Development” awards at Vietnam Property Award in 2015 and 2016 with its Gateway Thao Dien and The Nassim projects respectively. SonKim Land’s strong attention to every little detail and its commitment to quality have differentiated it from other developers in the town and positioned itself as Vietnam’s…... [read more]

Nominations sought for annual Vietnam Property Awards 2017 Hung Le PropertyGuru, an online property group, in association with Kohler, has launched the 3rd Vietnam Property Awards 2017 to seek best real estate developers and finest properties in the country. More than 100 nominations are expected for the event this year – up from 60 official submissions in 2016. The awards program is divided into three categories, namely Developer, Development and Design covering the residential, commercial and resort segments. All projects under development with expected completion in December 2019 can be eligible for the awards. Nominations are now being accepted at AsiaPropertyAwards.com/nomination/vietnam/. Submissions can come from developers, consumers and the general public. There is no fee to enter in any category. In addition to the various categories, there will be special awards for Best Green Development, Special Recognition in CSR and Special Recognition in Sustainable Development. There will also be a new Real Estate Personality of the Year as chosen by the editors of Asia’s Property Report magazine, who last presented the award to CapitaLand (Vietnam)’s CEO Chen Lian Pang. The ‘Best of the Best’ round winners from Vietnam will compete in the regional grand finals at the 7th South East Asia Property Awards, held annually in Singapore, opening up their businesses to new audiences around the region. Deadline for nominations is March 24, 2017. The shortlist, comprising one winner and up to four highly commended companies or projects in each category, will be revealed by an independent judging panel in…... [read more]

HCM City (VNA) – PropertyGuru, Asia’s leading online property group, and sponsor Kodler have announced that the third annual Vietnam Property Awards will be held in June, 2017. Speaking at a press conference in Ho Chi Minh City, Terry Blackburn, Asia Property Awards founder and managing director, said the awards would celebrate the best property developers, projects and designs in the country’s top-tier markets of Ho Chi Minh City and Hanoi, well as exciting resort destinations of Phu Quoc, Da Nang and Nha Trang. The awards are given in three categories, - developer, development and design – covering the residential, commercial and resort segments, with the eligibility period covering current developments with expected completion by December 2019 or earlier. There will also be awards for Best Green Development, Special Recognition in Corporate Special Responsibility and Special Recognition in Sustainable Development. Nominations are currently being accepted and submissions can be made by developers, consumers and the general public before the deadline of March 24, 2017.-VNA... [read more]

Viet Nam News HCM CITY - PropertyGuru, Asia's leading online property group, and sponsor Kohler have announced that the third annual Vietnam Property Awards will be held in June next year. Speaking at a press conference in HCM City, Terry Blackburn, Asia Property Awards founder and managing director, said the awards would celebrate best property developers, projects and designs in the country's top-tier markets of HCM City and Hà Nội, as well as exciting resort destinations of Phú Quốc, Đà Nẵng and Nha Trang. The awards are given in three categories -- developer, development and design -- covering the residential, commercial and resort segments, with the eligibility period covering current developments with expected completion by December 2019 or earlier. There will also be awards for Best Green Development, Special Recognition in CSR and Special Recognition in Sustainable Development. Nominations are currently being accepted, and submissions can be made by developers, consumers and the general public before the deadline of March 24 next year. Organisers expect to get more than 100 nominations next year, up from 60 in 2016. The official shortlist, comprising one winner and up to four highly commended companies or projects in each category, will be revealed by an independent jury in late April. A black-tie gala dinner and awards ceremony will take place on June 2. The 'Best of the Best' round winners from Việt Nam will compete in the regional grand finals at the South East Asia Property Awards held annually in Singapore, opening up their…... [read more]

The Shells Resort & Spa Phu Quoc wins awards The Saigon Times Daily The Shells Resort & Spa Phu Quoc, invested by HCMC-based Tran Thai Group, has won Best Hotel Architecture Design, Best Hotel Interior Design and Best Hotel Development titles at the Vietnam Property Awards (VPA) 2015. There were 20 prizes divided into four categories – design, project, investor and project of the year. In each category there was one winner among five candidates. According to Terry Blackburn, CEO of Singapore-based Ensign Media, the organizer of VPA, this was the first time the event had been held in Vietnam but not the first time nominated names in Vietnam had been on the list. “We have had chances to meet and judge many project developers in Vietnam. They have been to Singapore and other markets in the region to compete and receive prizes at some of the most important awards in the Asian property market,” Blackburn added. Le Nguyen Duy Nhan, deputy general director of Tran Thai Group, said, “We’re honored to win three categories of the awards. It proves a great effort of the management and the investor, and it is a great encouragement for associates of The Shells Resort & Spa to develop the property as an ideal destination for local and international tourists.” The Shells Resort & Spa is located at Ganh Gio in Duong Dong Town on Phu Quoc Island off Kien Giang Province. It covers over 41 hectares with three different areas – forest reserve,…... [read more]

Gateway Thao Dien – the luxury residential co-development by SonKim Land and Hamon Developments – has been fully committed to quality and luxury details since its inception. The project is progressing on time schedule-wise, and its state-of-the-art finishing materials will provide its discerning homeowners with an exclusive living experience. Insiders told VIR’s Thao Bui about their expectations for the project. Gateway Thao Dien adds another luxury player to Ho Chi Minh City’s burgeoning scene “A firm commitment to high quality”- Han Suk Jung, COO of SonKim Land SonKim Land’s strategy is to focus on developing properties for a uniquely refined lifestyle, with value innovations, quality, and integrity. When it comes to residential projects, SonKim Land’s philosophy is to create premium luxury developments that deliver the ultimate living experience to a discerning few. With the company’s proven track record in winning the first two “Best Luxury Condo” awards at Vietnam Property Awards, SonKim Land pays great attention to detail in order to create an exquisite home living experience. Luxury European brands such as German kitchen appliances producer Bosch, German bathroom ceramics and bathtub maker Duravit, German shower fabricator Hansgrohe, and German furniture fitting and architectural hardware leader Hafele have been carefully selected to provide higher quality products than what SonKim Land initially committed to buyers. We pledged that we would work harder to build a state-of-the-art environment. SonKim Land is dedicated to delivering on its promises, to ensure a privileged living experience at Gateway Thao Dien. The company’s portfolio includes such…... [read more]

July CPI increases 0.13 percent month on month The July consumer price index (CPI) CPI rose 0.13 percent against June, 2.39 percent year on year and 2.48 percent compared to December 2015, the General Statistics Office (GSO) reported on July 24. The average CPI for the first seven months of this year increased 1.82 percent from the same period last year. An upward trend was seen in five out of 11 goods and service groups, of which transport recording the highest rise at 1.19 percent, followed by goods and other services at 0.17 percent, housing and construction materials at 0.14 percent, beverage and cigarette 0.09 percent, and home appliances 0.06 percent. The restaurant and food catering group saw prices dropping 0.05 percent while the post and telecommunications group posted a 0.1 percent decrease. Deputy head of the Price Statistics Department Do Thi Ngoc said the growth of July’s CPI was due to increases in fuel prices and train tickets. Meanwhile, hot weather also drove up prices of water and electricity by 0.14 percent and 1.16 percent, respectively. The scorching summer also pushed up the prices of some cooling products such as air conditioners, fridges and electric fans, she added. The prices of food in the month reduced 0.64 percent against the month before due to abundant of domestic food supply. During the month, gold prices fluctuated with the world’s gold prices and hit nearly 40 million VND (1,800 USD) per tael at a time but then quickly dipped and remained…... [read more]

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 Department of Agriculture and Water Resources has announced that a reduction of the intensified inspection frequency on Vietnamese seafood will depend on the results of the examination of exporters' next shipments to the country. The information was sent in reply to the request by the Department of Agro-Forestry and Fishery Quality Management under the Ministry of Agriculture and Rural Development on easing the frequency of intensified inspections on seafood processing facilities who had batches of seafood rejected by Australia. The department has since inspected the facilities to find out the reasons and acknowledged their measures to fix the problems. Under the Food Safety and Inspection Service…... [read more]

CapitaLand and Thien Duc celebrate the Topping Out of Vista Verde Special promotions including 5% + 1% discount on selected units HCMC – CapitaLand Limited, together with Thien Duc Trading Construction Co., Ltd, has celebrated the topping out of Vista Verde in HCMC, which marks the successful completion of the main structural works of CapitaLand’s seventh residential project in Vietnam. Hundreds of guests including from the Singapore Consulate General, local authorities, strategic business partners of CapitaLand and Thien Duc, and the media witnessed the event which was held at the project site in Thanh My Loi Ward, District 2 on July 20. Comprising 1,152 high-end apartments across four 35-storey residential towers with spectacular views of the Saigon River, Phu My Bridge and the surrounding city, Vista Verde showcases lush green landscaping and features designed to bring a symphony of nature to residents. Strategically located in the heart of District 2’s administrative centre, it is five minutes away from essential amenities. It is also 10 minutes away from districts 1 and 7. Vista Verde provides residents with more than 50 state-of-the-art recreational facilities and design features. In addition, a shopping town at the ground floor provides residents with essential retail shopping at their convenience. Designed for modern living, apartments at Vista Verde include spacious living and dining areas, natural ventilation and loggia. Mr. Chen Lian Pang, CEO of CapitaLand Vietnam, said, “We are proud to have successfully topped out Vista Verde on schedule. This is an important milestone of the project,…... [read more]




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