Real Estate Market Report in April 2012

Real Estate Information Portal- CafeF Land Main Contents Macro Economy 2 CPI in April slightly rose by 0.05% Industrial manufacturing index in 4 months rose by 4.3% over prior year Ceiling mobilizing rate was reduced to 12%/year, main and managing rates of SBV were reduced by 1%/year Fuel price continute to rise. Ron92 petrol increased VND 900 to VND 23,800/litre Big scaled firms will have to announce its information as listed ones Real Estate Market Report in April 2012 Infrastructure News 3 Two new steel beam flyovers were open to traffic in Hanoi 6-lane overpass to be built at Chui Bridge intersection National Highway No 13 crossing Binh Trieu crossroads to be expanded 4 main roads to be built in Thu Thiem urban zone Compiled by Data Analysis and Editorial Division CafeF Land Add: 18th floor, VTC Online Building, 18 Tam Trinh, Hanoi Tel: 04 39743410. Ext: 295 Fax: 04 39744082 Email: info@cafef.vn News, Highlights 4 Showman Duc will dump real estate in HCM City Quoc Cuong Gia Lai will discount and wholesale real estate Construction Ministry will allow to split large apartments to reduce housing prices Credit for real estate has been loosened Market Overview 5 Psychology of buyers is still waiting for further fall of real estate prices. Transactions in the market mainly focus on small apartments priced at around one billion VND/unit. Golden Sponsor Outstanding real estate projects 8 Land price table of typical projects 9 Updated photos on pace of projects 13 Appendix: Typical real estate projects 14 Page 1

MACRO ECONOMY CPI in April slightly rose by 0.05% against last month due to a strong decline seen with Food and related services sector by 0.8% - with a high proportion in CPI. Industrial manufacturing index in 4 months rose by 4.3% over prior year (7.9% and 10% in 2010 and 2011 respectively). Inventory index at 04/01/2012 of manufacturing sector rose by 32.1% against prior year and slightly fell by 0.5% against last month. To 04/20/2012, FDI hit USD 4,267.1mil 68.5% prior year including: Registered capital of 169 newly certified projects of USD 3,099mil 44.1% number of projects and 72.6% of the same period in 2011; additional registered amount of 73 projects stayed at USD 1,168.1mil. Total gain from State Budget to 04/15/2012 hit an estimated USD 198,900bil 26.9% whole year estimation. Total expense hit an estimated VND 234,200bil 25.9% whole year estimation. Net import in April is estimated at USD 400mil 4.7% total export turnover. 4 months figure hit USd 176mil 0.5% total export turnover. In Ho Chi Minh City, outstanding loan to the end of April hit an estimated VND 760,000bil 2.5% higher than prior year and 0.9% than March. Short term loan accounts for 56%, 6% higher than prior year and 0.9% against March. In Hanoi, outstanding figure was estimated at VND 601,163 bil - 2.1% higher than prior month and 2.57% against 12/2011. Short term figure rose by 2.95% and 1.24%; medium and long term loan 0.8% and 4.7%. In April, SBV made a net withdrawal of VND 42,141 bil - in which VND 51,400bil is in terms of promissory notes, VND 9,000bil is through OMO. OMO activities remained quiet with an average of VND 300-500bil/session. In April, VND 12,495bil of 28 day promissory notes mature. Interbank trading interest rate strongly fell. Highest was seen with below 1 month term, 13%/year accounting for 60-70% total trading value. To the end of month, all fell to below 10%/year, especially below 5%/year of 1 week term at 04/25/2012. In April, there are only two government bond bids of VND 12,979bil. In which, 2 year term accounted for VND 2,979bil; 3 year and 5 year term VND 5,000bil each. From 04/11, ceiling mobilizing rate was reduced to 12%/year, main and managing rates of SBV were reduced by 1%/year. SBV required credit institutions to review and restructure outstanding loans for enterprises, continue lending with a view to solving temporary troubles. SBV extracted consumption and real estate credit from non-encouraging credit group. In Q1/2012, credit growth stayed at (-1.96%) against the end of 2011. Ministry of Finance - Commerce allowed to raise gasoline price from 04/20/2012 including: petrol VND 900/liter (3.93%), diezen VND 500/liter (2.34%); oil VND 600/liter (2.88%); mazut VND 400/ kg (2.13%); remarking the second increase within less than 2 months. High inventory of construction materials was due to a quiet real estate market and policies to cut down on public investment, lengthening in real estate, infrastructure investment. Big scaled firms (300 shareholders, over VND 120mil capital) will have to announce its information as listed ones. Besides, internal shareholders are not to use surfing for 1 type of share in 1 period. Page 2

INFRASTRUCTURE NEWS Hanoi Two new steel beam flyovers were open to traffic in Hanoi, at intersections of Lang Ha - Thai Ha and Tay Son-Chua Boc. The two bridges are designed to allow only motorcycles and less than 9 seat cars to run at a maximum speed of 25km/h. 6-lane overpass will be built at Chui Bridge intersection. Total investment is more than 2,223 bil VND. The overpass will run directly through Nguyen Van Linh - Dong Tru intersection (National Highway No 5). Proposal to build 6 resettlement areas ranging around 157 ha: Hanoi s Department of Planning and Architecture has proposed 6 locations to build resettlement areas in 4 suburban districts, with total areas of up to 157 ha. Ho Chi Minh City Expanding National Highway 13 crossing Binh Trieu crossroad, from HCM City University of Law to Binh Trieu crossroad, Thu Duc district. Approving the over 920 ha Vietnam International University urban zone planning in Tan Thoi Nhi commune, Hoc Mon district. Building 4 main roads in Thu Thiem urban zone: including arc boulevard, central lakeside road, Saigon riverside road and delta road. Page 3

Real Estate Market Report in April 2012 NEWS, HIGHLIGHTS Market News Real estate has been put up for sale in Big C HCM City supermarket: In BigC An Lac supermarket (Binh Tan district, HCM City), Phuc Khang Real Estate Ltd Co has made a pilot launching of a land ground of Eco Village project for sale in Duc Hoa district, Long An province, bordering the west of HCM City, at the price of from 2.9-3.3 million VND/m 2, 300-400 million VND per 130 m 2 land ground. Showman Duc will dump real estate in HCM City : At the annual general meeting of Hoang Anh Gia Lai JSC (HAGL) 2012 on April 19, Doan Nguyen Duc (showman Duc) announced to sell apartment project in district 7 (HCM City) in June at the price of equaling only 50% of product in the same location. Quoc Cuong Gia Lai will discount and wholesale real estate for debt repayment: This is one of the company s main orientations for business and production activities in 2012 approved by the shareholders meeting on April 26. Accordingly, the company s many real estate projects are planned to wholesale to investors and discount resettlement areas to get money for debt repayment and make reinvestments and reduce loan rate pressure for the company. Nghe An Petroleum firm discounted nearly 19% of price of two apartment projects: Particularly, the apartment price at the twin tower Nghe An Petroleum fell from 15.9 million VND/m 2 to 12.9 million VND/m 2 (down 18.87%). Price at complex of apartment and adjacent house of Nghi Phu housing area decreased from 10.5 million VND/m 2 to 8.9 million VND/m 2 (down 18.72%). Policy News Credit for real estate has been loosened: On April 10, the State Bank of Vietnam (SBV) announced the credit and interest rate policy in the coming time. Of which, features are some following policies: lending to almost borrowers, lowering deposit and lending interest rates and restructuring debts for enterprises. Hanoi will inspect a series of real estate projects: in April and May 2012, inspectorate of Hanoi s Department of Natural Resources and Environment will conduct the first inspection in 2012 in 20-30 real estate projects that have signs of violating the state s provisions on Land Law or have prolonged uncultivated land area. Ministry of Construction (MoC) allows to split large apartments to lower house price: Recently, Real Estate Market and Housing Management Department has been assigned by MoC to chair the construction and investment management plan of apartment and urban area projects. Accordingly, MoC allowed the current projects to split large apartment area to match the market demand, with area of from 25 to 40m 2 for both commercial and social houses. Business News Vingroup successfully raises $185 million of foreign capital: Vingroup succeeded in issuing international convertible bonds for the first phase in 2012 with a volume of $185 million, for 5-year tenor. This is the second time Vincom has succeeded in raising capital in the international market by convertible bonds. Him Lam, LienViet Holdings and POT carried out investment cooperation: On April 26, Post and Telecommunication Equipment JSC (POT) announced partner for its project at diamond land area No 61 Tran Phu, Hanoi. Joint venture between POT, LienViet Holdings and Him Lam was formed with a scale of 1.039 trillion VND, of which POT made up 51% (530 billion VND) by clean land fund and other partners made contribution in cash. The total investment of project is 3.2 trillion VND. Tai Tam invested 80 billion VND in POT to develop project at No 63 Nguyen Huy Tuong. Joint venture of Tai Tam and POT will develop project at No 63 Nguyen Huy Tuong, of which, Tai Tam made up 80 billion VND in cash and POT contributed 80 billion VND in land fund. MARKET OVERVIEW Real estate market in April 2012 had better signs thanks to the central bank s loosening credit policy. Accordingly, most borrowers can access bank loans (previously, lending activities were limited). Lending interest rate at some banks has fallen to 16%/year. Realty firms are allowed to restructure debts. Apartment prices in Hanoi and HCM City have still leveled off. In Ha Dong district, prices are ranging around 15-18 million VND/m 2, areas in ring road 3 to ring road 2 at about 22-27 million VND/m 2, inner area at over 30 million VND/m 2. In HCM City, in districts 2 and 7 prices GOLD SPONSOR Page 4

Real Estate Market Report In April 2012 MARKET OVERVIEW are ranging around 17-30 million VND/m 2 depending on projects, districts 8 and 9 at about 14-22 million VND/m 2, districts of Binh Tan, Nha Be, Binh Chanh at about 11-13 million VND/m 2. Land price in some projects in district 2 and Binh Chanh mitigated. Prices at district 2 are ranging around 18-60 million VND/ depending on location and projects. Market tendency is still in quiet phase with low liquidity. Psychology of buyers is still waiting for further falls of real estate prices. Transactions in the market mainly focus on small apartments (50-70), at the price of around 1 billion VND/unit. Viewpoints from state management agencies Mr Phan Thanh Mai-Secretary General of Vietnam Real Estate Association Now is the bottom of breaking point of the market and the time of upward cycle of the market. Mr Can Van Luc - Senior Specialist of Bank for Investment and Development of Vietnam (BIDV) Currently, enterprise as well as realty market has at least three chances. Those are opportunities to restructure business itself, realty market itself, especially segment that was developed in movements in the past time. Viewpoints from project developers Mr Phan Xuan Can-Chairman of director board of SohoVietnam Real Estate Consulting Co Hanoi land and house prices have fallen to safe level. This is also the reason of more and more successful transactions recently. Mr Nguyen Van Kha, Chairman of Board Tu Liem Urban Development JSC (NTL) The most importance is now to restore customer s psychology and handle inventory rather than borrowing capital from banks to invest, enterprises that are borrowing more bank loans for investments are falling deeper in the death. Viewpoints from international and local real estate investment funds and consulting companies Mr Richard Leech Director of CBRE Vietnam Now is an appropriate time to buy house but for buyers with real housing demand rather than for investors and speculators. Mr Dean Cira-World Bank s leading urban specialist The existence of dual price policy for house and land (prices stipulated by state are low while market prices are higher than many times) is a mistake in land management, which devalued the national valuable assets. MARKET SEGMENT Condominium market Along with the ongoing trend of selling average projects in HCM City and Hanoi, companies are also launching relatively large promotion policies such as donating furniture, cars and supporting borrowing bank loans, discounting and giving gifts Condominium projects that are under construction and nearly completion at the price of about 1.5 billion VND/unit see the most actively traded volume. Apartment price in April had virtually no strong fluctuations compared to previous month. New apartments in Ha Dong district are offered at the price of less than 20 million VND/, ongoing apartments such as Duong Noi, The Pride, Van Khe, Xa La, Van Phu, have prices at around 15-20 million VND/m 2, areas like Cau Giay, Trung Van, Minh Khai Page 5

Real Estate Market Report in April 2012 Tay Ho are ranging around 22-30 million VND/ m 2. In Ho Chi Minh City, districts 2 and 7 have prices of about 17-30 million VND/m 2 depending on projects, district 8 and 9 at about 14-22 million VND/ m 2, districts of Binh Tan, Nha Be, Binh Chanh at about 11-13 million VND/m 2. Supply of unsold apartments is on the rise. Sale is falling, inventory is increasing Office for lease market Office for lease market in Hanoi in April 2012 Office rents have fallen by almost half within one year. Rental price of office grade A is ranging around $35-40 /m 2 /month Rental price of office grade B is about $20-27 // month, grade C at $12-15 /m 2 /month. Demand of office slipped slightly (according to Savills, the fall was 33%). Project ground land market Hanoi: Market has not had signs of improvement in liquidity yet, selling price at projects still tends to go down slightly. Projects in Hoai Duc saw relatively strong falls such as Van Canh falling to the basis prices of only around 30 million VND/, Kim Chung Di Trach at about 22 million VND/ with road of about 10.5m Ho Chi Minh City: Ground land price mainly fell slightly in district 2 from 0.2-0.4 million VND/m 2. Some projects in environs such as Binh Tan, Nha Be, Binh Chanh like projects 13A, 13B, 13C (Binh Chanh district) simultaneously reduced 500,000 VND/m 2. Supply of office in Hanoi will increase sharply in the next three years. Office rental charges in Ho Chi Minh City and Vietnam are falling, which has affected Vietnam s position in the ranking list of office rental price from 19th to 29th with an average rental price of office grade A at only about $32/m 2. New projects will join market more, helping increase supply and vacancy rate in the coming years. Page 6

Real Estate Market Report in April 2012 Retail space market Vietnam s retail market is still considered one of the most potential markets, in 2012 it is ranked at the fifth position in the world. As forecasted by the Ministry of Industry and Trade, in the next five years, Vietnam will still reach retail growth of over 20%. In 2011, the growth was 29.3%. Many large groups in the world are still continuously expanding retail business in Vietnam such as Takashimaya a retailer of Japan, signed a long term contract to rent 15,000, Japan s Aeon also expanded its business in HCM City... New supplies are still continuously increasing in the first months of 2012, in HCM City, some projects have started construction such as Cong Hoa Garden, SC VivoCity, Laga Fashion House, Ben Thanh Tower,...In Hanoi, according to the statistics of Savills, the supply increased 22% in the first months of this year, some projects have been put into operations such as MediaMart Long Bien and Fivimart La Thanh in Dong Da district. In future, by 2014 retail space supply would boom, Hanoi retail space supply is expected to double against currently, at about 1.25 million of space HCM City at about 1.5 million of floor. With pressure from sharply surging new supplies, certainly rental price of retail space will gradually decrease. Difficulties for retail space market when supply is increasing strongly Source: CBRE Page 7

Kicked off construction in February 2011, VINMEC Times City, is the starting step in the chain of hospital named VINMEC that will be invested by Vingroup Group nationwide. VIMEC International Polytechnic Hospital Located in Times City urban complex, VINMEC international polytechnic hospital with a total area of 80,000 m 2 including seven floors and two basements and over 30 specialties, is expected to be a hotel hospital under international standards and most modern in Vietnam. Built under Hospital Facilities model, VINMEC is not only Vietnam s leading luxury hospital with international standards but also brings a profound social meaning, contributing to improving the health and quality of life for people. This is the convergence of the team of experienced nurses and doctors, of which 90% of working doctors have postgraduate standard. Particularly, the number of professors and associate professors accounts for nearly 20%, medical doctors at nearly 30% and master of sciences at 40%... And the remaining is specialists I and II with high professional skill. The entire medical equipments are imported from leading companies in the world such as Beckman Coulter (the US), Steris (The US), Siemens Healthcare (Germany)... to ensure the following criteria: efficiency & absolute safety, time save and more friendly environment. Investor: Location: Scale: Volume: On sale: Current price : Hanoi Southern City Development Joint Stock Company 458 Minh Khai, Hanoi 500 hospital beds Kick-off: February 27, 2011 Inauguration: January 2012 With 500 hospital beds under five star standards and advanced facilities, VINMEC commits to bring luxurious, civilized, polite, clean and optimize sterilization space and environment and professional counseling and treatment; system of modern equipments and machineries together with leading specialists. VINMEC project is being urgently completed and installed equipments. With current pace, VINMEC will ensure the pace on schedule to inaugurate in January 2012 as planned. VINMEC is trying hard to become not only reliable health care address for people in Hanoi and the country but also a strong trade mark for medical, competitive and attractive enough to draw the attention of people in South East Asia region. Page 8

Real Estate Market Report in April 2012 UPDATED PHOTOS ON PACE OF SOME PROJECTS IN HANOI CT2 Trung Van Complex is building 18th floor Hanoi Time Towers is building foundation Nam Do Complex is building body Eurowindow MultiComplex is building crude body The Price is building body Le Van Luong Residentials under crude construction Page 9

Real Estate Market Report in April 2012 PRICE TABLE OF PROJECTS Project land price table in Hanoi in April 2012 Project Road >10m Road>17m Road>30m Adjacent Villa Adjacent Villa Adja- Villa Ha Dong Thanh Ha (A, B) 22-25 24-25 27-29 30 Duong Noi Zone C 39-45 32-38 52-57 70-80 Tay Do Villas 50-59 60-70 70-80 Van Phu 46-63 65-70 Van Khe 65-71 75-80 86-105 An Hung 52-60 93-100 Park City 78-85 Thang Long Boulevard Le Trong Tan Geleximco A:45-47 A:52-53 90-100 (A, B, C, D) C:45-47 C: 40-45 D:39-43 North An Khanh 63-76 70 South An Khanh 25-30 40-43 National Highway 32 North National Highway 32-38 60 New Tay Do 32-35 45-48 55-60 Phoenix Garden 19-21 Kim Chung Di Trach 22-26 30 30-40 50-55 Van Canh HUD 36-40 30-35 40-45 53-55 Northeast Area Viet Hung 53-60 45-55 Hanoi Garden City 65 Minh Giang Dam Va 14-19 17-22 Vincom Village 58-70 AIC Me Linh 12-15 Tung Phuong 15.5 14-15 Cienco 5 Me Linh 14-16 10-11 18-20 12-14 24-25 Note: Price table for reference only. Page 10

Condominium price table in Hanoi in April 2012 Location Project/Zone Area (m 2 ) Reference Price No7 Dịch Vọng 70-130 27-31 Sky View Phuong Thanh 70-95 20.8 Cau Giay Yen Hoa Building 80-130 24-26 No4 Hoang Dao Thuy 80-130 30-33 No5 - Vinaconex 146 40-41 Dong Da 170 De La Thanh 125 36-37.5 Sky city Tower 112 57-58 U-Silk City 79-146 22.5-26 Van Phu Victoria 96,1-120 15.5-16 Xala 77-84 17-20 Ha Dong Mekong Plaza 78 18-20 Van Khe 70-110 20-21 Sails Tower 14-18 Duong Noi 56-90 16.5-21 250 Minh Khai 23-24 Hai Ba Trung Times City 75-108 22-27 Hoa Binh Green City 24,1-27 Sky Garden 115 Dinh Cong 89-120 18-20.9 Hoang Mai Megastar 409 Linh Nam 86 14-14.7 282 Linh Nam 78 15-16 Long Bien CT10 Viet Hung 125,59 22-23 Tay Ho Ngoai Giao Doan N03 20-23 Thanh Xuan SaKuRa 91-117 27-28.5 Hapulico 76-110 32-35 C14 Ministry of Police 70-110 21-25 C37 101 24-27 Tu Liem An Binh Tower 15 Trung Van 21-25 Dream Tower 17,8-18 Viglacera Tower 133 33-34 Note: Price table for reference only (Million VND/m 2 ) Page 11

Reference land price table of typical projects in April/2012 Project/Zone Internal Road > 10,5m Internal Road >17,5m Main Road >30m Ho Chi Minh City S<120 120<S<240 S>240 S<120 District 2 120<S<240 S>240 S<120 120<S<240 S>240 Van Minh 35 35,1 38,5 41,4-0,3 Villa Thu Thiem 31,7-34,3 21st Century 35,5 37,1 +/- (%) 34,6 40,7-0,3 Him Lam- Luong Dinh Cua 46,5 49,5 61,1 65,4-0,2 Thạnh My Loi - Phu Nhuan 30,8 34,5 43,5-47,5-0,2 Thu Duc House 39-43,5 51,3 52,5-0,2 East Thu Thiem 19-20,6 21,8-24,5-0,5 Binh Trung Dong Cat Lai 16,5-17,4 18,5-21,3-0,5 Phu My- Van Phat Hung Sadeco Riverside Him Lam - Kenh Te Hung Gia- Hung Phuoc Phu Loi- Hai Thanh 31 33,2 46,5-48 67-70 10,5 12 District 7 45,4-50 31-33 38 40,5 0 34-36 70-80 84-86 0 District 8 District 9 North Rach Chiec 15,7 17 18,7 19,2 0 Gia Hoa 12,8 14,2 15,5-16 0 Hung Phu 11,5 12,6 12,2 14 0 Nam Long 14,5-17,3 16,5 20-24 0 Binh Chanh District Trung Son 40-51 Dai Phuc 13,5 14,5 27-30 0 Intresco 6B 12,5 18 26,5 29 0 Cienco 5 6-7 7-8 0 13A 8,3 10 13 14,8-1,4 13B 16,2 17,5 17,8-19 -1,1 13C Hoc Lam Lake Ao Sen- Ten Lua Phu Xuan- Van Phat Hung 15,8 17,5 14-15 11,5-13 Binh Tan District 15-16 Nha Be District 15 17,2 52 56,5 17,8-19,5-0,6 36 39 0 9 11 12 13,5 0 Cotec Phu Xuan 7 8 9,8 10-3 Thai Son 1 14 16 16 19 0 Note: Price table for reference only Unit: Million VND/m 2 0 0 0 0 0 0

Reference condominium price table in Ho Chi Minh City in April 2012 Location Project/Zone Area () Reference price /m 2 +/- % Thinh Vuong 76-183 19,6-23,4 0 An Phu An Khanh 141,6 24,2-25,2 0 An Hoa 75-95-100 19,1-20,7 0 An Cu 98 105 24,2 253 0 District 2 Binh Minh 95 108 19 22,2 0 Cantavil 98 140 30,9 36,7 0 Thu Thiem Xanh 60 120 15,2 16,5 0 Thao Dien River View 105-120 28,7-31 0 Xi RiverView Palace 145-202 30-33 0 Belleza 127 17-18 0 Phú Mỹ 77-177 20 23,5 0 District 7 Hoang Anh Gia Lai 1 77-114 19-20 0 Hoang Anh Gia Lai 2 118 187,6 16 19,5 0 Nam Khang 120-121 32-34 0 An Vien 73-76 19,5-21 0 Phu Loi 74 9,5 10,6 0 District 8 CityGate 86-190 18,5 20,5 0 Ngoc Nam Phuong 90-118 18,6-21 0 District 9 Richland Hill 100-120 22 22,5 0 Pho Dong Hoa Sen 55-94 13 13,5 0 Hong Linh Plaza 65-97 19 23,5 0 A View 83-110 11,5-13,5 0 Binh Chanh District Conic Dinh Khiem (Block A, B) 55 74 11,5 13,5 0 The Mansion 83-101 10,2 12,3-1,6 An Lac 80-105 9,5-12 0 Binh Tan District Le Thanh 50-68 11 11,2 0 Vinh Tuong Tay SG 90-120 10,5 13,5 0 Nha Be District Phu Hoang Anh 87-129 20-30 0 Hoang Anh Gia Lai 3 99-126 15,5-19,8-0,5 Note: Price table for reference only Unit: Million VND/m 2

Appendix 2: Outstanding real estate projects No Name Investor Total value Area Location Progress Description 1 187 Giang Vo Song construction (ICG) Hong JSC VND 1,300bil 16,400 m 2 187 Giang Vo Investment preparation Including two 21 floor buildings and 3 basement floors for resettlement, 29 floor building of rental office, apartments with 3 basement floors and 3 parking floors for internal services such as offices, retail supermarket and rental apartments. 2 Vietnam International University urban area Berjaya Group USD 7.35bil 923.88 ha Hoc Mon, HCM Approval 1/2000 The project is to create an urban area for 75,000 residents. This includes 7 functional areas 3 main biggest areas are international university, financial administrational center and resident area. 3 Hai Duong southern urban area Thanh Dong real estate investment JSC VND 15,000bil 500 ha Hai Duong Under planning This is divided in functional areas such as street houses, vilas, buildings, commercial centres, recreational areas, hospitals, hotels As planned, period I will be completed in 2017. 4 Sworld lake Palaza Sword lake Garment JSC VND 1,500bil 11,000 m 2 Mo Lao, Ha Dong, Ha Noi Constructio n ongoing to 9 th floor Including 29 floors and 3 basement floors connecting buildings. This will provide 20,000 m 2 for parking, 23,000 m 2 for commercial centre, 36,000 m 2 offices, 460 standard apartments and 8 penthouses.

5 Paradise Garden Da Lat HUD3 VND 150bil 38 ha Da Lat city Invesment preparation Paradise Garden is a complex area of residence and advanced tourism services with synchronized investment for public services, social infrastructure such as education, cultural, sport, recreation 6 Hai Phong SHP Plaza VLC Group N/A 3,041.5 m 2 12 Lach Tray, Hai Phong Commence ment From 1 st to 6 th floor: commercial, office area. From 7 th to 28 th floor: apartments of 50 m 2 to 150 m 2 each. 7 Hoang Mai urban area Bitexco N/A 87 ha Dai Kim, Hoang Mai district and Thanh Liet, Thanh Tri, Ha Noi Commence ment on quarter 4/2012 22% for apartments, 28% for retail and office area, 6% for basement floors. 8 The One Bitexco USD 500mil 8,600 m 2 HCM center Starting Eastern tower of 55 floors (240m) is rental apartments. Western tower of 48 floors includes office at lower floors, Ritz Carlton hotel from 24 th floor to above. 9 CityLand Garden Hills CityLand Investment company VND 2,516bil 14 ha Go Vap district, HCM Commence ment Including 74 street houses of 120 m 2 each, 68 single villas of 220 m 2 each, 48 duplex villas from 171 m 2 each, 540 luxury apartments.