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VIETNAM REAL ESTATE INDUSTRY
In the United States, house prices rose sharply in late June, marking the 65th consecutive month of gains, due to supply shortages in the market. In Europe, the real estate market has been quiet for years, as Greek debt has been accompanied by a slow recovery of the regional economy, but there are still some bright spots like Ireland and Germany.
In Asia, the Middle East region has received many negative reviews as oil prices have been falling continuously for the past two years. Qatar's real estate market is booming thanks to improved population and economic growth, In addition to this is the 2022 World Cup effect.
Vietnam is one of the most attractive destinations for retailers in Southeast Asia due to the booming economy. The two major cities which are Hanoi and Ho Chi Minh City are the two most concentrated areas of transnational retail companies penetrating due to the retail rents in this area are significantly higher than other areas. The retail industry is growing rapidly and leading to the speedy increase in demand for retail space expansion.
With an export-oriented economy, with exports accounting for a significant portion of 80% of nominal GDP, Vietnam is attracting a large and growing number of foreign investment. In Q1/2018, Phase 3 of Noi Bai Industrial Park was completed with an area of 16 ha for lease, bringing the total industrial output in Hanoi to reach x,xxx ha, up 1.2% compared to the last quarter and 1.4% over the same period last year. In Q1/2018, the Ho Chi Minh City industrial zone market was unchanged from Q4/2017 when there's no new supply source came into the market this quarter.
The rate of GDP growth over the years along with policies to attract investment and tourists in recent years, is motivation for the development of the accommodation market in Vietnam. In terms of sales in Hanoi, x,xxx apartments were sold in Q1/2018, up 5% over the same period last year. Ho Chi Minh City apartment market has been very active in Q1/2018 despite the long holiday Tet. The number of new apartments sold increased sharply over the same period last year. Total supply of villas, townhouses in Hanoi was at xx, xxx units, up 1.7% compared to last quarter and up 13.9% over the same period last year. In HCMC, in Q1/2018, four new projects provided over xxx units. Primary supply was approximately x,xxx units, down 28% and 40% compared to last quarter and last year, respectively.
Vietnam is considered as an attractive market compared to other ASEAN countries thanks to the improvement in the economic and real estate market. Therefore, many foreign investors will continue to find the opportunities to invest in profitable assets in major cities of Vietnam.
1. Business environment
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Impact of trade agreements
2. World Real Estate Market
2.1 Real estate market in some countries in the world
2.2 Real estate market in some countries in the region
3. Vietnam Real Estate Market
3.1 Industry concepts and characteristics
3.2 The period of volatility of Vietnam Real Estate Market
3.3 Movement of the real estate market
3.3.1 Real estate for rent
3.3.2 Real estate for sale
3.4 Risks and challenges
3.5 Housing development planning
3.6 Driving forces
3.7 M&A trend
4. Enterprise analysis
No-Va Real Estate Investment Corporation
Khang Dien Housing Investment & Trading JSC
Nam Long Investment JSC
Dat Xanh Real Estate Service & Construction JSC
Kinh Bac City Development Share Holding Corporation
Quoc Cuong Gia Lai Joint Stock Company
Phat Dat Real Estate Development JSC
Binh Duong Construction and Development JSC
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