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CBRE Vietnam MarketView Q1 2019

Property Market Highlights Amid


of Slower Economic Growth

Vietnam GDP
6.79% y-o-y
7.64% y-o-y
Hanoi GDP
7.12% y-o-y
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.
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HCMC MarketView Hanoi MarketView
Điểm tin thị trường TP.HCM Điểm tin thị trường Hà Nội
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