CBRE Vietnam MarketView Q1 2019

Home » Useful Research » CBRE Vietnam MarketView Q1 2019

Property Market Highlights Amid

of Slower Economic Growth

Vietnam GDP

6.79% y-o-y

HCMC GDP

7.64% y-o-y

Hanoi GDP

7.12% y-o-y

VN-Index

16.49% y-o-y

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

•	GDP growth in the first quarter of 2019 was at 6.79% y-o-y, lower than the growth rate of 7.38% of Q1 2018, due to slowdown in manufacturing sector as well as agriculture sector. FDI, however, was still the bright spot with a growth of 80.1% y-o-y in terms of capital.

•	Condominium market: While new launches in HCMC decreased due to slowdown of licensing process, Hanoi witnessed the highest new launches in a quarter coming from subsequent phases of large-scale townships targeting mid-end buyers. Positive absorption was seen in both markets.

•	Office market: Hanoi welcomed the first Grade A project in the past three years and HCMC added two new non-CBD projects into its current supply. Both cities are expecting high level of new supply coming up later this year, further stablising rental rates in near future.

•	Retail market: Limited supply in the CBD area supports strong performances, in terms of rental rates and occupancy rates, in both cities. In the non-CBD area, each city welcomed one new project. More supply is to come online in later of this year and Hanoi’s retail market will surpass one million sq.m.

•	Để xem email này bằng tiếng Việt, vui lòng nhấp vào link này.

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

For an in-depth analysis of each sector in the Vietnamese property market, please subscribe to CBRE's premier quarterly property publication. Further details can be found in the below flyer.
CBRE Quarterly Report Flyer	Giới thiệu về Báo Cáo Quý CBRE

In order to download this MarketView, as other reports published by CBRE, you are required to Register/ Log in to CBRE Global Research Gateway with your corporate email. Please read our User Guide for further instruction.