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Golden Emperor Properties is pleased to announce that we have won the award for ‘Best Development Partnership- Overseas Property Agency (Thailand and Vietnam)’ with Capital’s Outstanding Developer Awards. Striving for professionalism and dedication to our services, we would like to address a further thank you to our valued clients for the continued support and to Capital for the recognition to distinguish our knowledge, ability and experience in the field among our fellow agencies.

Ms. Alice Lee, Director of Golden Emperor Properties, represented the company and accepted the award with gratitude: “Thank you, Capital, for the acknowledgement and our clients for their support in believing our professionalism in the field and especially in Thailand and Vietnam. We will continue to deliver our clients the best properties and investments from the international market.”

The award ceremony was held at Island Shangri-La, hosted by Hong Kong’s Capital Magazine.  A team of appraisers selected from Capital Magazine and Capital Weekly, evaluated carefully the winning companies for their professionalism and project results, in order to choose the most outstanding recipients.

Golden Emperor Properties would like to express, once again, our gratitude for the recognition in the industry. We will continue to strive to provide expertise in the field to serving our clients worldwide.

In recent years, Vietnam’s Ho Chi Minh City has made an impression in the international market economy. In the past year, it triumphed over its economical competitors and was listed as one of WEF’s top 10 most liveliest cities in the world. Following the government’s activeness with infrastructure development, this lively city has brought much attention to itself in the property investment market. This includes the newly urbanizing business center of Thu Thiem, destined to be redeveloped into the next ‘West Kowloon.’ The development has become a major target for local and overseas investors alike.  Past weekend, Golden Emperor Properties hosted the ‘New Investment Opportunities in HCMC, Vietnam’s Property Investment Seminar’ over two consecutive days, attracting many investors to attend. The seminar, for the first time, launched a new residential development, ‘New City Thu Thiem,’ which was a phenomenal success.

Above: Terence Chan, the Managing Director of Golden Emperor Properties shares insights of the property development and investment trend of Vietnam’s Ho Chi Minh.

Above: Attendees, including clients and investors discuss and chose their desired properties.

Above: The Seminar, which was held for two consecutive days, attracted many investors to attend.

Thu Thiem, the proposed financial district and mixed-use urban area of Ho Chi Minh City, is set to become the largest inner city development in Southeast Asia.

According to the Vietnamese government, the area is meant to serve as a centre of finance, commerce and high-class services, an international strategic area, as well as a centre of culture, leisure, and entertainment. It will be home to headquarters and residential towers supporting a residential population of 145,000 and employee population of 217,000.

Known as the city’s new Central Business District (CBD), Thu Thiem enjoys nearly 8.5km of frontage along the Saigon River, making it a breathtaking location for waterfront developments. The area is also strategically situated adjacent to District 1, HCMC’s current CBD, across the Saigon River.

Known as the city’s new Central Business District (CBD), Thu Thiem enjoys nearly 8.5km of frontage along the Saigon River, making it a breathtaking location for waterfront developments. The area is also strategically situated adjacent to District 1, HCMC’s current CBD, across the Saigon River.

It’s no wonder that despite being 657 hectares large, Thu Thiem enjoys incredible transport connectivity to other established urban areas in HCMC, including District 1, Saigon Hi-Tech Park and Rach Chiec Sports Complex, as well as Phu My Hung New Urban Area in District 7.

“As infrastructure improves within Thu Thiem, we anticipate that larger firms will start considering Thu Thiem as a viable alternative to the existing CBD and set up their head offices there” , according to Stephen Wyatt, Country Head of JLL Vietnam.

Leaders from the Ho Chi Minh City People’s Committee and representatives from the Lotte Group signed an investment contract for the Thu Thiem Eco Smart City project on July 25 2017.The total investment capital for Eco Smart City is expected to be VND20.1 trillion ($884.26 million), excluding site clearance and compensation. The project will be built on a land area of 7.45 ha.

The Lotte Group will build multi-function commercial areas with a total floor area of about 505,000 sq m. Buildings with unique architecture will be a highlight in Functional Area 2a.

Real estate projects in Thu Thiem New Urban Area, the future business hub of Ho Chi Minh City, have been selling quickly and gaining value.

Land value in Thu Thiem increased by 30 to 40 per cent in the past three years, according a recent report released by JLL Vietnam.

While this is a considerable bump, JLL believes it is sustainable for several reasons. Initial land values are coming off a relatively low base, the speed of infrastructure construction has increased dramatically during this past period, the most recent residential projects launched in Thu Thiem have witnessed strong demand, and finally Thu Thiem is the largest undeveloped parcel of clear, master-planned land near the city centre.

According to Yong-Beom Kim, manager at GS Engineering and Construction, Thu Thiem is designated as Ho Chi Minh City’s new central business district (CBD).

“After the completion and operation of the infrastructure – including Metro Line No. 2 and bridges No. 2, 3, and 4, connecting to districts 1 and 7 – Thu Thiem will be operating as planned,” Kim said.

In addition to land values appreciating in Thu Thiem, the neighbouring areas in District 2, such as Dong Van Cong, An Phu, and Thao Dien have also witnessed increasing land prices.

With rapid urbanisation, the establishment of Thu Thiem projects and some improvements in the legal and planning framework, it is reasonable to say that land prices will continue to increase over the coming years.

Source: Vietstock , Vietnam Economic Times

Vietnam’s economic growth is projected to moderate slightly to 6.5% on average between 2018 and 2020, driven by robust agricultural production and strong export-oriented manufacturing, the World Bank (WB) has said in its January 2018 Global Economic Prospects.

Meanwhile, global growth to forecast to edge up to 3.1% in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices.

In the East Asia and Pacific region, Vietnam’s economic expansion in 2018 will likely be higher than that of China (6.4%), but lower than that of Cambodia (6.9%), Laos (6.6%), Myanmar (6.7%) and the Philippines (6.7%).

These infrastructure projects are scheduled for completion this year and could help ease the city’s chronic congestion.

Thu Thiem Bridge 2

Once completed, this new bridge connecting District 1 with District 2 is expected to ease the strain on Thu Thiem Tunnel and boost the development of District 2’s Thu Thiem New Urban Area.

The bridge will start at the intersection between Ton Duc Thang and Le Duan before crossing the Saigon River and ending at Thu Thiem’s new Crescent Boulevard.

Built using the Build-Transfer (BT) model with a total investment of nearly VND4.26 trillion ($188 million), the cable-stayed bridge will be nearly 1.5-kilometer (0.93-mile) long with six lanes. The bridge will have decorative lighting, and its 113-meter (371-foot) tall tower leaning toward Thu Thiem will act as a welcoming gateway to the new urban area.

The bridge is scheduled to be inaugurated during the Reunification Day (April 30) holiday, 38 months after construction started in February 2015.

Four major roads in Thu Thiem New Urban Area

With a total investment of over VND12 trillion, this BT project includes the 6-lane Crescent Boulevard, a 4-lane road around the central lake, a 2-lane road along the river bank and an elevated road through the Eco Forest Park in the south.

The four roads will have a total length of nearly 12 kilometers and will include 10 bridges. Once completed, they will connect existing structures such as Thu Thiem Bridge 1, the East-West Highway and other planned bridges over the Saigon River, and will help boost the development of Thu Thiem.

The roads will also help connect the city’s downtown with its neighboring provinces, therefore easing traffic congestions at the city’s eastern gateway. Work on the four roads started in April 2013, and they are scheduled for completion this year.

My Thuy Intersection

Started in June 2016, this VND840 billion project at the intersection between Belt Road 2, Nguyen Thi Dinh and Dong Van Cong in District 2 is expected to help ease congestion outside Cat Lai Port, the largest port in Vietnam.

The project is scheduled for completion in June should help ease congestion as trucks heading in and out of the port will no longer have to share the road with other vehicles.

An Suong Tunnel

This project at the intersection between Truong Chinh Street in District 12 and the beginning of National Highway 22 in Hoc Mon District aims to tackle one of the city’s major congestion and accident hotspots.

The VND514 billion project includes two tunnels separating vehicles traveling in opposite directions. Each tunnel is 9-9.5 meter wide with 2 lanes and a speed limit of 50 kilometers per hour. The tunnels are designed with a lifespan of 100 years and will be able to survive magnitude 7 earthquakes.

Once the project is completed, it will feature a 3-level intersection with a ground-level road, a dual tunnel and an overpass. Work on the An Suong Tunnel started in early 2017 and it is scheduled to be completed around August.

Nguyen Thai Son Intersection Overpass

This project, which broke ground in February 2017 following an urgent instruction from Prime Minister Nguyen Xuan Phuc, has a total investment of VND504 billion and aims to ease congestion on streets around Tan Son Nhat International Airport.

When completed, the N-shaped overpass will have a total of three branches: from Nguyen Kiem to Nguyen Thai Son, from Nguyen Kiem to Hoang Minh Giam and from Hoang Minh Giam to Nguyen Thai Son. Each branch will be 370 meters long and 7.5 meters wide.

Once the land is cleared, the final branch should be completed in three months, according to the investor. When all three branches are opened, authorities expect that traffic congestion around this hotspot will be significantly reduced.

Source: VnExpress.net