Colliers International Vietnam
Quarterly Knowledge Report for the latest updates on the Residence, Serviced Apartment, Office, Retail and Industry Real Estate market in Vietnam
Vietnam Research & Forecast Report - SA | Q32014 (EN)
1. Accelerating success
VIETNAM 3Q14 Y-O-Y 4Q14F
GDP Growth 6.19% 0.7%
Total Registered FDI (US$ billion) 4.33 -4%
Exports (US$ billion) 38.7 12.5%
Imports (US$ billion) 37.6 13.6%
CPI 4.3% -2.7%
Total retail sales (VND billion) 706.5 11.1%
International Visitors (million) 1.05 16.0%
Base Rate 9% 0.0%
Exchange Rate (US$) 21,246 -0.9%
VN-Index 630.34 24.9%
Gold Price (VND million/ tael) 35.9 -6.51%
3Q14 4Q14F*
Average asking rent
Occupancy rate
Supply
Improving performance from top-tier segments
By the end of 3Q2014, Grade A serviced apartment recorded
monthly average rental rate at US$34.2 per sq m while that of
Grade B developments reached almost US$22.1/ sq m/ month.
Meanwhile, occupancy rate of Grade A and B increased
strongly around 89% and 85% accordingly.
GRADE A MARKET PERFORMANCE, 3Q14
Source: Colliers International
Efficient-sized serviced
unit is forecasted to
surge
VIETNAM | 3Q14 | ECONOMIC UPDATE
Following Colliers inspection, there will be no new top-tier
serviced apartment supply in HCMC to the end of the first
quarter of 2015.
Colliers View
The serviced residence market saw an upward trend from
Asian clients given growing cash flow from Asia investors due
to similar market nature and better investment yields.
Whilst, under recent global recession, it could be seen
that demand from US and Eurozone markets decreased
moderately. However, Western clients remain to be a
noticeable target group who willing to spend money for
high class and large-sized apartment.
Regarding significant increase of Asian customers, requirement for
central convenient and efficient-sized serviced unit is forecasted to
surgeinthefuture.
Research &
HCMC | Serviced Apartment
Forecast Report
3Q 2014