Category: Market Research

Time for Thu Thiem

Thu Thiem will relieve some of the pressures Ho Chi Minh City currently faces. The infrastructure within Ho Chi Minh’s existing CBD is starting to buckle under the pressure of rapid expansion in the last three decades. The undersupply of Grade A office stock in the CBD is pushing rents higher, reaching levels not seen since 2008. Traffic congestion has increased over the past five years, with the number of cars increasing 35 per cent annually from 2012-2016 according to VAMA figures.

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Urban Transportation – 2017

This Spotlight research features Urban Transportation in Ho Chi Minh City and Hanoi in 2017 to have an overview of Vietnam Urban Transport, motorization, public transportation and transit oriented development. Strong economic growth and continued urbanisation since the mid-1990s has accelerated demand for roads in HCMC and Hanoi.

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Viet Nam Market Brief Q2/2017

First half GDP growth was 5.7%, a 1 ppt increase over 1H/2016. Registered FDI had 55% annual growth. Japan with US$4.6 billion was the highest contributor. FDI disbursement was up 7% YoY. Inbound tourist growth momentum continues and was up 30% YoY. Total international visitors numbered 6.2 million, of which Asian visitors accounted for 74 percent.

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Vietnam Hospitality 1H 2017

Viet Nam is a rapidly growing Southeast Asian tourism destination. However, inbound traveller numbers are less than half those visiting the most popular ASEAN locations of Thailand and Malaysia. This gap represents significant potential. Inbound travellers have tripled in the last decade and in 2016, a 26% year-on-year (YoY) increase saw Viet Nam outperforming other regional destinations.

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Savills Vietnam Report On HCMC Real Estate Market Q3.2017

GDP increased 6.4% year on year (YoY). There is a positive expectation the 6.7% annual growth target will be achieved. Credit growth is boosting economic performance. Now at 11% and on line to achieve 21% by year end. A registered FDI high of US$25.5 billion, up 34% YoY. Korea is back to the biggest source status with US$6.3 billion. HCMC projects registered US$3.7 billion FDI and lead major cities. US$12.5 billion was disbursed, 13% up YoY.

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Savills Vietnam Report On Hanoi Real Estate Market Q3.2017

GDP increased 6.4% year on year (YoY). There is a positive expectation the 6.7% annual growth target will be achieved. Credit growth is boosting economic performance. Now at 11% and on line to achieve 21% by year end. A registered FDI high of US$25.5 billion, up 34% YoY. Korea is back to the biggest source status with US$6.3 billion. HCMC projects registered US$3.7 billion FDI and lead major cities. US$12.5 billion was disbursed, 13% up YoY.

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Property Price Index Hanoi Q1 2017

In Q1/2017, the Residential Index was 106.6, decreasing less than 1 point (pt) quarter-on-quarter (QoQ) and year-on-year (YoY). The average selling price of VND27.4 million/m 2 was due to decreased secondary prices in some projects under pressure of increasing supply.

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Da Nang Market Brief H1/2017

The dramatic rise in arrivals has gone hand in hand with significant infrastructure investment as Vietnam spends a greater amount of its’ GDP on infrastructure than any other Southeast Asian nation. The investment will lead to 2,000km of new highways, metro systems in Hanoi and HCMC, and a slew of airport expansions and new builds. This is complimented by investments from both state and private airlines to expand and improve their fleets.

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Positive Momentum – Why Vietnam Now?

The dramatic rise in arrivals has gone hand in hand with significant infrastructure investment as Vietnam spends a greater amount of its’ GDP on infrastructure than any other Southeast Asian nation. The investment will lead to 2,000km of new highways, metro systems in Hanoi and HCMC, and a slew of airport expansions and new builds. This is complimented by investments from both state and private airlines to expand and improve their fleets.

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Decoding City Performance: The Universe of City Indices 2017

In​ our latest research in collaboration with The Business of Cities, we look at the recent developments in the field of city benchmarking and the role city indices play in shaping our understanding of global city competitiveness. JLL provides u​nique perspectives on changing urban hierarchies and the implications for the real estate sector.​​

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Vietnam Hotel Survey 2017

This report is prepared to provide readers with a general, as well as specific, view on hotel operations in Vietnam by presenting data covering different criteria for analysis such as hotel facilities, staffing, performance KPI such as average room rate, occupancy rate and RevPAR, financial statements and market data. For financial analysis, the data is shown up to net profit before interest, tax, depreciation and amortisation (“EBITDA”) for the purpose of relevant comparability. The unit of currency is the United States Dollar.

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HCMC Market Insights Report – Condominium Sector | Q1, 2017

With more developers shifting their focus to lower-end market segments and sustainable increase in apartment demand, Colliers expect the market to remain strong in the coming quarters. Price appreciation is forecasted to be at a moderate rate of 5%-10% depending on location and quality of projects. Buyers are becoming wiser in their buying decisions and have higher requirements for finishing quality, supporting facilities and amenities as well as the surrounding environment.

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Hanoi Market Insights Report – Condominium Sector | Q1, 2017

There have been positive adjustments in supply with more future affordable projects targeting at end-users and hence, buyers’ sentiment is expected to remain high in 2017. Due to expensive land price in the center, affordable apartments are decentralized to the city outskirts with major hubs being the Hoang Mai, Ha Dong, Dan Phuong and Gia Lam districts. Sale price is not likely to see a significant appreciation for this market segment as developers are more focus on affordability to achieve strong absorption rates.

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Asia Market Snapshot Q1,2017

For much of the past two years, Vietnam’s real estate market has been among the most visible signs of the economy’s expansion. Residential property sales have been robust, construction of condominiums and office towers are underway in the major cities, and industrial parks are rising on their outskirts. It does indeed appear that real estate has recovered from the bubble that burst in 2008. The sector is fundamentally stronger thanks to the numerous reforms enacted over the past few years, and 2015 saw a remarkable level of activity particularly in the residential sector.

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HCMC Office Market Outlook Q2 2017

According to report of Vietnamese General Statistics Office in Q2 2017, FDI in Vietnam increased 10,4% y-o-y, and this is a reason why the demand for new offices is rising. Therefore, it is no surprise that Ho Chi Minh City’s office supply becomes shortage in this quarter. However, 2017 is the year of Decentralization with some large scale buildings in non-CBD. One of them is Viettel Tower, which is located in District 10. In the future, District 10 will have benefits from future infrastructure investment such as Metro Line and Roads. In addition, Viettel Tower is the first ever large Grade B office complex in District 10. In conclusion, Viettel Tower and other new suppliers have adapted the office market demand now and future.

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HCMC Office Market Outlook Q1 2017

As Vietnam’s economy is growing rapidly with 21.5% y-o-y increase in FDI as of Q1 2017, there is increasing demand for new offices, and thus it is no surprise that Ho Chi Minh city’s office supply becomes shortage with reduced vacancy each year. However, the introduction of Mapletree Business Centre in District 7 offers a solution to the limited new supply. It is known that District 7, with improving infrastructure as well as connections to other parts of the city (especially CBD), has become another destination of businesses and multinationals.

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Ho Chi Minh City Market View Q1 2017

FDI continues to be a key catalyst of Vietnam’s economy. Total registered capital in Q1 2017 reached US$7.7 billion, an increase of 77.6% from the same period last year. However, there were concerns on the lower than expected GDP growth rate and increase in interest rate.

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Ha Noi Market View Q1 2017

FDI continues to be a key catalyst of Vietnam’s economy. Total registered capital in Q1 2017 reached US$7.7 billion, an increase of 77.6% from the same period last year. However, there were concerns on the lower than expected GDP growth rate and increase in interest rate.

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Asia Pacific Marketview – Q1, 2017

Occupier and investment markets enjoy steady start to the year. Most retailers remained cautious and took longer to negotiate leasing terms and conduct due diligence. Logistics leasing activity remained weak and demand continued to be driven by e-commerce firms and 3PLs. Commercial real estate transaction volume totalled US$22.3 billion in Q1 2017, an increase of 6.2% y-o-y.

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Viet Nam Market Brief Q1/2017

In Q1/2017, GDP growth was 5.1%, lower on the same quarter last year by 0.4 ppt, mainly attributed to a shrinking mining industry and Samsung’s slowdown. Registered FDI had strong annual growth of 73% with Korea contributing 48% and the Secondary sector drawing in 85 percent.

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Asia Pacific Hotel Trends Q1 2017

Asia Pacific hotel investment turnover was largely unchanged q-o-q at US$2.1 billion in Q1 2017 as investors continued to display solid demand for hospitality assets. Other active markets included Vietnam, where activity in metropolitan and resort destinations continued to strengthen amid robust demand from domestic and foreign buyers.

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