VIETNAM MARKET VIEW Q1 2018

♦ The first quarter of 2018 witnessed a remarkable performance of Vietnam economy, which was fueled by the strong growth of manufacturing sector and an export boom. Vietnam’s GDP growth rate was 7.38 % y-o-y, which was the best Q1 performance observed in the last decade. Export turnover grew by 22% y-o-y, while VN-Index reached an 11-year high, which was among the world’s top performing markets.

♦ Condominium market:

Launch activities continued to be buoyant in Q1 2018, with 8,800 units launched in Hanoi and 9,503 units launched in HCMC. Absorption continued to be positive for both cities, while average primary prices in both HCMC and Hanoi witnessed a slight decrease due to stronger focus on mid-end segment. At the same time, concerns about safety issues emerged in during the quarter, which may affect sentiment of certain buyers, whilst creating opportunities for developers with good track records.

♦ Office market:

There was no new supply in the office markets of both Hanoi and HCMC in Q1 2018. Amid stability in supply, average asking rents as well as occupancy rates improved for both cities, especially for HCMC. Looking forward to the rest of 2018, office market continues to be landlord-driven for HCMC, while for Hanoi the demand is also warming up.

♦ Retail market:

In Q1 2018, there was one shopping mall coming into operation in the non-CBD area of HCMC, while in Hanoi total supply has remained flat since Q2 2017. Flexible leasing strategies are being leveraged by landlords to attract tenants, especially at non-CBD locations areas where the level of competition is higher.

Source: http://www.cbrevietnam.com

[ About Ambition Vietnam Service ]
Ambition Vietnam is based in Vietnam, and Provide real estate and investment solutions for ASEAN market.


Residon is a platform for owners and people looking for houses or apartments for lease or sale.


Offidon is a platform for office owners and companies looking for office for lease.

With experience and knowledge of real estate in Asian market as well as the ambition to reach a brand-new, fair and convenient market in Vietnam, Ambition Vietnam has developed an application for information posting and searching of offices for lease solely designed for office buildings and businesses operating in Vietnam.

FREE of INTERIOR DESIGN

Only with the rental fee you can accomplish your favorite interior design.

[The Check-in Process]

1.Select the project you desire. > 2.Hear to the interior design of your requirements. > 3.Sign the contract. > 4.Move in.

[Points to Note]

Q. How could we meet your concern?
A. Ambition VN provides full range of interior design, leasing, property management and sales of residential projects.
Q. Is the rental fee expensive?
A. At standard market rate in real estate industry. The rental fee is not including the interior design fee and construction fee.

Please feel free to ask us about this service.

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