CBRE Vietnam MarketView Q1 2016

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Vietnam starts 2016 mediocrely

Vietnam GDP

5.4% y-o-y

HCMC GDP

7.1% y-o-y

Hanoi GDP

6.9% y-o-y

VN-Index

1.8% y-o-y

*Arrows indicate change from the same period of the previous year.

•	Macro-economy: FDI into Vietnam reached more than USD4 billion, of which 6% went into real estate, equivalent to 11 newly licensed real projects with USD239.8 million.

•	Condominium for sale: The condominium market started 2016 with a strong increase in new supply, totaling 7,708 units, mostly from the affordable and mid-end projects. Developers were confident to push prices up to US$2,029 psm and yet, sales momentum remained bullish. Q1 reported an estimated 9,090 sold units, up by 27%. High-end segment witnessed the largest sales volume (41%), followed closely by mid-end (39%).

•	Second-home property: On the other hand, the second home market continued to grow in coastal cities, especially Nha Trang and Phu Quoc.

HCMC MarketView	Hanoi MarketView
Điểm tin thị trường TP.HCM	Điểm tin thị trường Hà Nội
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