Dai Quang Minh Residential Area

VNRE - Dai Quang Minh Real Estate Corporation recently held a groundbreaking residential project at No. 10 Mai Chi Tho Road, An Loi Dong Ward, District 2, Ho Chi Minh City.

The project is locating in Zone II with a total area of ​​37.15 hectares. Functional area includes: low-rise residential, commercial center, schools, culture centre, green parks. Transport system and infrastructure are planned to meet criterias of civilization, modern and synchronization with overall planning of Thu Thiem New urban Area.

The total unit of project is 1,131, in which 116 shophouses, 82 standard villas, 128 luxury villas, 128 large villas, 488 apartments, 270 low-rise apartments. Land for public work is 45.777 m2, accounting for 12.4%, land for transport infrastructure is 170.223 m2, accounting for 46.2%, land for green is 15.610m2.

The project has a nice location, convenient connection with the center business of District 1 and neighborhood. Convenient transportation system with Thu Thiem Tunnel, Thu Thiem Bridge, Phu My Bridge, Mai Chi Tho Highway, Ha Noi Highway, waterway and airport...

Somerset Danang Bay

VNRE - Located in Thuan Phuoc Ward, Hai Chau District, Somerset Danang Bay is a five-minute drive from Danang‟s Central Business District and a 15-minute drive from the Danang International Airport, Vietnam‟s third busiest airport. Currently under development, Somerset Danang Bay is part of Blooming Tower Danang, a mixed-use development that comprises two 37-storey residential towers and a three-storey podium for commercial retail and recreational uses. It will be one of the tallest towers in the city, providing a spectacular view of the Danang Bay.

With 121 units ranging from one- to three-bedroom premier apartments which come with ensuite kitchen and bathroom, Somerset Danang Bay will cater to leisure and business travellers with a myriad of modern recreational and business facilities such as a fitness centre, a swimming pool, a resident‟s lounge, a business centre and a meeting room in the property.

The serviced residence property is scheduled to be completed in 2014.

Contact: enquiry@the-ascott.com

AEON Tan Phu Mall - construction update 03/2013

Source: Sai Gon Thuong Tin Tan Thang JSC

Utah Governor stops Nevada water sharing agreement

This month, Utah Governor Gary Herbert said he would not sign an agreement that would divvy water under the shared border between Utah and Nevada. This water had been eyed by the thirsty metropolis of Las Vegas a few hours south. The pact was drawn up four years ago in response to a 2004 Congressional order that required the states to reach an agreement before any transfers of water would be permitted in the Snake Valley. The agreement was controversial because of a proposed pipeline enabled by the pact that would send Snake Valley water to Las Vegas. The pipeline spurred protests from farmers, environmentalists, tribes, and ranchers in Utah and parts of Nevada.

It was not clear whether Gov. Herbert would support the agreement, and he shocked both supporters and critics of the project when he announced his decision. He told the Deseret News, "At the end of the day, when it comes down to those people who have the most to lose — it's their water, their lifestyle, their livelihood — I can't in good conscience sign the agreement. It's that simple."

In Utah, the reaction has been positive. The majority of local citizens and officials at the county level in Millard and Juab counties did not support the water sharing agreement.

The director of Nevada Department of Conservation and Natural Resources said that they are "evaluating all of [their] options in light of Gov. Herbert's decision." A lawsuit could be forthcoming.

City focuses on 23 traffic projects in 2013-15

VNRE - HCMC focuses on only 23 key traffic projects in the period from now to 2015, according to a decision on adjustments to the city’s traffic development plan until 2020 made by the Government last week.

Most of the key traffic projects in the period 2013-2015 are road projects. They include construction of the road from An Phu Intersection to the Belt Road No. 2 with four lanes and expansion of the National Highway 1 section in HCMC.

The north-south road from Ong Lanh Bridge to Nguyen Van Linh Street with 4-8 traffic lanes and the east-west road connected to HCMC-Trung Luong Expressway with six lanes are also given priority. In addition, the Tan Son Nhat-Binh Loi road (6-8 lanes), the second phase of Provincial Road 25B (10 lanes) and Luong Dinh Cua Street (four lanes) will be implemented from now to 2015.

In this period, the new Mien Dong, Mien Tay and Da Phuoc coach stations will be built, together with a number of car parks in the downtown areas.

As for metro projects, HCMC focuses on only the Metro Line No. 1 and the first phase of the lines no. 2 and no. 5.

Three rapid bus transit lines, including line no. 1 along the East-West Highway, line no. 2 linking Mien Tay Coach Station, Nguyen Van Linh Street and Phu My Bridge and line no. 4 from Kha Van Can Street to Hoang Van Thu Park, will be put into service.

As for waterway projects, the city will carry out the Soai Rap River dredging project and the relocation of Ba Son Shipyard.

In comparison with the original plan, many changes have been made. For example, the city focuses on only 1-2 elevated roads, among four, and 2-3 metro lines, among six.

Moreover, some targets for development of transportation forms have been adjusted. By 2020, public transport will take up 20-25%, private transport 72-77% and other forms of transportation around 3%.

Source: The Saigon Times

Tokyu Binh Duong launches first condos

VNRE - Becamex Tokyu Co. Ltd. last Friday launched the sample apartment of Sora Gardens, a component of the US$1.2-billion urban project Tokyu Binh Duong Garden City, and started offering the first apartments of this project.

Some 400 Sora Gardens flats among a total of 1,500 are now on sale through the distributor CB Richard Ellis Vietnam, said Hoshino Toshiyuki, general director of Becamex Tokyu.

Each apartment covers 67-105 square meters and has a price starting from VND1.28 billion, with 30% to be paid when contracts are signed and the remaining sum to be settled when apartments are handed over in the third quarter of next year.

Tokyu Binh Duong Garden City is developed on around 110 hectares in Binh Duong New City at a total cost of VND25 trillion, or some US$1.2 billion. When completed, the project will supply over 7,500 apartments, houses, recreational facilities, and commercial and office space.

Tokyu Corporation, the Japanese investor in the joint venture Becamex Tokyu, said that despite the problems of the property market, Binh Duong remained very potential. The property market in Binh Duong has lured a lot of investors from neighboring localities and helped many realty firms grow up through project distribution.

Binh Duong is better known when the plan for Binh Duong New City was announced about three years ago. The project covering around 1,000 hectares is expected to become an economic-political-social center of Binh Duong, with utilities and services for some 125,000 residents and 400,000 people coming for work.

Binh Duong is one of the few localities with the fastest and the most synchronous infrastructure development. Well-developed infrastructure will create a motivation for the property market.

Not only in the new city, multiple infrastructure projects connecting Binh Duong with nearby localities are also under construction, such as National Highway 13, HCMC-Chon Thanh Expressway, Belt Road No. 3 and 4.

Source: The Saigon Times

Investment Promotion on Thu Thiem New Urban Area 2013

VNRE - On the development orientation of Ho Chi Minh City in the future, Thu Thiem New Urban Area will play a special role in the City’s growth. Together with the existing Center, Thu Thiem New Urban Area will not only be a large economic, financial center of Ho Chi Minh City and Vietnam but also of the Southeast Asia. Located on the East bank of Saigon River, opposite to District 1’s center with the total land area of 657 hectares, the Thu Thiem New Urban Area is planned to be a new, modern and expanding center of Ho Chi Minh City which performs functions in finance, commerce and provides high-class services collectively with cultural values, entertainment and relaxation of the City.

As a modern urban area statue, the environmental sustainability is constantly recognized and established in every aspect of each project. Therefore, Thu Thiem New Urban Area is oriented to create the integration among environment, people and facilities. The ecological environment which characterized the Southern of Vietnam is preserved; the public utilities and open spaces are served to residents and visitors; all is to enhance the health and happiness of the community.

In order to introduce the potential opportunities to invest in Thu Thiem New Urban Area, to execute the direction of the People's Committee of Ho Chi Minh City, Investment & Construction Authority for Thu Thiem New Urban Area (I.C.A), Investment & Trade Promotion Center and Ho Chi Minh City Real Estate Association co-organize the Conference “Investment Promotion on Thu Thiem New Urban Area”. This event will be held in Ho Chi Minh City in April 2013 expectedly.

We would like to invite delegates, investors and developers to attend the conference for further information on projects calling for investment.

To attend the event, please full fill and return the completed Registration Form including the Information Sheet. An official invitation letter shall be sent to you.

Investment & Construction Authority for Thu Thiem New Urban Area:
177 Ly Chinh Thang Street, Ward 7, District 3, HCMC
Tel: 84.8.3526 1299, 3526 1271, 3526 1301 - Fax: 84.8.3526 1272;       
Email: bqlthuthiem@vnn.vn;   
Website: www.thuthiem.hochiminhcity.gov.vn

Source: I.C.A

Trang Tien Plaza shopping center reopened

VNRE - Trang Tien Plaza is the biggest shopping center in Old Quarter are. It's located on the side of Hoan Kiem lake, includes 6 floors and 3 facades.

After two years of repairing the exterior and interior, Trang Tien Plaza officially reopened yesterday.

 

Trang Tien Plaza Timeline:

Sebastien Godard (1839-1940)

Grands Magasins Reunis (1953)

Bách hóa tổng hợp (General groceries, 1959)

General groceries (1993)

Trang Tien Plaza (2002)

Trang Tien Plaza (2013)

Photo source: Vnexpress

Pavilion of dream terraces by H&P architects

VNRE - Vietnam is one of the wet rice civilization’s cradles – the civilization that based on the cultivation on the terraces field to take shape.

The wet rice civilization played the role of forming the community’s settlement and settled agriculture and immaterial culture achievement, which is the neighborhood culture.

The conceptualization for the Vietnam pavillion for Milano's 2015 expo by H&P architects mixes settled agriculture to create a sustainably functioning space. the building is conceived from steel structural frames (which have a numerous of modules – the longest being 7.5m) that are connected by simple joins or overlapping. the framing system is covered by salvaged wood to reduce the cost. The design has multiple functions: force resistance, planter, space for exhibits/furnishings, technical use – water, electricity supply and escape. the field covering the building helps condition the micro-climate, providing food for both interior and exterior.


Image courtesy H&P architects
Source: Design Boom