The Colliers International Vietnam Quarterly Knowledge Report Q1 2019 highlights the national to regional economies of three major cities of Hanoi, Da Nang and Ho Chi Minh City.
The Colliers International Vietnam Quarterly Knowledge Report Q1 2019 briefly introduces national economic indicators such as GDP, CPI, FDI, Retail Sales and Trade Balance, and focuses on the market insights of each real estate sector.
The report highlights the national to regional economies of three major cities of Hanoi, Da Nang and Ho Chi Minh City.
The assessment is classified into four main parts: Performance, Supply, Demand, and Outlook so that the audience can get a comprehensive view of the real estate market in the three major cities.
In the first three months of 2019, Vietnam’s economy continued to exhibit positive signs with a growth rate of 6.79% over the preceding quarter. The Industrial and Services sectors continue to be the key drivers of the economy, growing by 8.63% and 6.5% quarter-on-quarter, respectively. Overall, these factors show that Vietnam’s economy is strongly embracing Industry 4.0.
The real estate market in 1Q2019 also enjoyed good growth. Take the office market in Ho Chi Minh City, the rise of flexible workspace has helped to partially solve the workspace problem for smaller companies and start-ups; this emergent market is promising to expand massively in the following quarters of 2019. And as of the end of March 2019, the average asking rent among grade-A office buildings in HCMC was approximately USD 52.5 per sqm, while the average among grade-B office buildings in the city was around USD 25.6 per sqm.
In addition, the Report also covers other Real Estate sectors: Retail, Condominium, Villa & Townhouse, Serviced Apartment and Industrial.
Adapted from retalkasia.com