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CBRE Vietnam MarketView Q3 2016

Vietnam GDP
5.9% y-o-y
7.8% y-o-y
Hanoi GDP
7.7% y-o-y
21.9% y-o-y
*Arrows indicate change from the same period of the previous year.


Vietnam’s economy continues to be on the stable path in the context of regional and international changes. Interest rate and inflation has been stable since the beginning of this year. Although the FDI in 9 months decreased slightly by 4% y-o-y, the figure is still positive compared with the regional countries. However, more attention should be paid to public debt as well as risks of banking system due to poor asset quality and great funding pressure.
Condominium market: Condominium market remained robust with total number of sold apartments in both HCMC and Hanoi increasing. Particularly, in HCMC, although new supply decreased by 17% q-o-q, total number of sold apartments increased by 32%, reaching 7,811 units. In Hanoi, both new supply and  number of sold units increased by 14% and 52% q-o-q respectively. Mid-end segment recorded the most impressive performance in terms of both the number of sold unit and primary selling price.
Commercial markets: In HCMC, the openings of Saigon Center shopping center and Aeon Mall Binh Tan have once again proved the city’s attractiveness to foreign retailers. Saigon Center which is anchored by the reputable Takashimaya department store from Japan and the second mall of Aeon reported full occupancy at their opening date with many new brands. Meanwhile, because of limited supply, the office market in HCMC was driven by existing tenants moving back and forth between buildings. In Hanoi, the office supply welcomed one new project in the Midtown area, adding 5,000 sm to the city’s office total supply. Thanks to the lower rental rate, occupancy rates improved in both Grade A and Grade B.
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HCMC MarketView Hanoi MarketView
Điểm tin thị trường TP.HCM Điểm tin thị trường Hà Nội
CBRE Vietnam has recently released Q3 2016 market review on the property sector and forecasts for the last quarter of the year. Please click on the below links to download the presentations:
Market Insight Q3 2016 Tổng quan thị trường Việt Nam

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