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 e 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 surge in the future. Research & HCMC | Serviced Apartment Forecast Report 3Q 2014
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Vietnam Research & Forecast Report - SA | Q32014 (EN)
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