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THANG LONG TOWER IN TAN BINH DISTRICT | HO CHI MINH CITY

THANG LONG TOWER IN TAN BINH DISTRICT | HO CHI MINH CITY

Thang Long Tower project structure office building - stories - retail and residence hotel located in 6 Thang Long St., Tan Binh Dist., Ho Chi Minh City, Vietnam. Site area: 6,945.90 Sq.m. Grand total: 49,102.07 Sq.m with scale built 01 basement and 12 floors

Current projects

ABOUT SONG CHAU GROUP | SCBI

SCBI commercial real estate and property management in Vietnam. We serves real estate developer and occupiers, offering a full suite of integrated services. Our key services include:

  • Property Leasing: Office space, retail, condominium/ apartment and residence leasing

  • Property Management: Office building, apartment building and residential property management

  • Property Sales: Landed property, land projects, condos/ apartment and residence sales

  • Development Services: Commercial real estate and property management

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News

Q3 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Q3 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

The absorption rate Ho Chi Minh City real estate market is expected to have mild recovery in Q4 2020 while asking rents and selling prices are expected to maintain the current level, backed by short-term rental support policy from developers to improve their competitive advantage.
Q2 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Q2 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Vietnam remains one of the fastest-growing SE Asian economies with a bright long-term economic outlook. Positive GDP 2.6% growth in 2020, an average 6.7% pa forecast 2021 with full recovery by 2024, according to FocusEconomics. The prolongation of Coronavirus has challenged the recovery of economies in Vietnam.
Q1 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Q1 2020 Ho Chi Minh City Real Estate Market | Quarterly Report

Covid-19 outbreak has created many disruptions in Vietnam’s economy and its real estate market. Vietnam’s manufacturing sectors is heavily dependent on raw materials. Disruption to supply has forced many local producers to temporarily cease production since January, leading to a very low growth in exports in Q1 2020.
Q4 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Q4 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Vietnam’s economy achieved 7.02%, well exceeding set by the National Congress. High growth was driven by strong export activities 'Total export values was US$263.5 billion' leading to trade surplus US$9.9 billion. New launches in real estate market continued to decrease due to slowdown of licensing process.
Q3 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Q3 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

The shortage of new supply was recorded again in the third quarter of 2019 in the ready-built villa and townhouse segment despite high expectation for the launch of large-scale projects. However, due to many unexpected reasons, these projects have been delayed until the end of 2019.
Q2 2019 Vietnam’s economic backdrop | Quarterly report

Q2 2019 Vietnam’s economic backdrop | Quarterly report

Amid the prevailing global high uncertainty and growth slowing down, Vietnam’s economy still achieved stable growth with 6.8% in 1H 2019. As of Q2 2019, the GDP growth reached 6.71%, slightly lower than the Q2 2018 rate yet still higher than the growth of the second quarter during the 2011-2017 period.
Q2 2019 Hanoi Real Estate Market | Quarterly Report

Q2 2019 Hanoi Real Estate Market | Quarterly Report

Looking back, there has been a contradictory scene of success and struggle among retail stories in Vietnam during the first half of 2019. Mid-end segment continues to dominate the market with new supply of around 70% - 80%, residential supply will move further away from the 10km radius of the CBD.
Q2 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Q2 2019 Ho Chi Minh City Real Estate Market | Quarterly Report

Due to limited supply in the 1H 2019, HCMC real estate inventory overall was absorbed. Sales momentum continued to be positive in Q2 2019 with more than 80% of new launch units having been absorbed. Office market performance with vacancy rates of both Grade A and Grade B slight decrease.

Commercial properties