SLIDE 1
QUARTERLY MARKET REVIEW
Ha Noi Q3/2017
Savills Vietnam October 2017
OVERVIEW
Mortgages 11% stable YoY Retail Sales ~$96 bil
11% YoY
Arrivals >9.4 mil
28% YoY
Trade Deficit $0.4 bil Credit Growth 11%
0.5ppts
CPI ~3.8%
1.7ppts
2
QUARTERLY MARKET REVIEW Ha Noi Q3/2017 Savills Vietnam October - - PowerPoint PPT Presentation
QUARTERLY MARKET REVIEW Ha Noi Q3/2017 Savills Vietnam October - - PowerPoint PPT Presentation
QUARTERLY MARKET REVIEW Ha Noi Q3/2017 Savills Vietnam October 2017 OVERVIEW Trade Deficit CPI GDP Retail Sales $0.4 bil ~3.8% 6.4% ~$96 bil 1.7ppts 0.4% YoY 11% YoY FDI Mortgages Arrivals Credit Growth 34% YoY registered 11%
SLIDE 2
SLIDE 3
Goldmark City
RETAIL
3
Supply
- 1.3 million m², +0.4% QoQ, +7.4% YoY
- Dept. Store:
10%
- Shopping Centre: 57%
- Retail Podium:
10%
Performance
- Avg Occupancy:
95% +6 ppts QoQ +11 ppts YoY
- Avg GF gross rent: US$37/m²/mth +3% QoQ -6% YoY
- Dept Store:
US$45/m²/mth
- 5% QoQ -13% YoY
- Shopping Centre: US$39/m²/mth
+5% QoQ - 4% YoY
- Retail Podium:
US$26/m²/mth +5% QoQ - 8% YoY
Outlook
- Q4/2017:
4 projects + 39,000 m²
- 2018:
8 projects + 196,000 m²
- Supermarket: 18%
- Wholesale Centre: 5%
Vinhomes D’ Capitale
SLIDE 4
Supply
- Stock: ~1.6 million m², -1.7% QoQ, -1.2% YoY
- Grade A: 27% Grade B: 45% Grade C: 28%
Performance
- Avg. occupancy: 93%, +1 ppt QoQ,+7 ppts YoY
- Avg. gross rent: US$19/m2/mth, - 0.1% QoQ, +1% YoY
- Grade A: US$27/m²/mth, +0.1% QoQ, -1% YoY
- Grade B: US$18/m2/mth, +3% QoQ, +7% YoY
- Grade C: US$12/m2/mth, - 1% QoQ, +0.4% YoY
Outlook
- Q4/2017: 2 projects + ~46,000 m²
- 2018:
10 projects + ~195,000 m² Eurowindow Office Building
OFFICE
4
Legend Tower
SLIDE 5
HOTEL
5
Intercontinental Landmark 72 Kuretake Inn
Supply
- New: one 5-star two 3-star (509 rooms)
- ~ 9,840 rooms +5% QoQ +8 % YoY
- 5-star (16) 4-star (16)
3-star (35)
Performance
- Avg. occupancy:
69% - 5 ppts QoQ +7 ppts YoY
- ARR: US$108/room/night -1% QoQ +26% YoY
- 5-star: US$151/room/night -1% QoQ +38% YoY
- 4-star: US$73/room/night
- 2% QoQ +9% YoY
- 3-star: US$48/room/night -2% QoQ +5% YoY
Outlook
- 36 projects
- Upscale: Hilton (2) Accor Marriott Four Seasons
SLIDE 6
SERVICED APARTMENT
6
Supply
- 4,203 units +2% QoQ +10% YoY
- Grade A (13+1) Grade B (23) Grade C (14-1)
- Tay Ho (27%) Ba Dinh (26%) Tu Liem (15%)
Performance
- Avg. occupancy: 90% -1 ppt QoQ +3 ppts YoY
- Avg. gross rent: US$25/m2/mth +1% QoQ -2%YoY
- Grade A: US$32/m2/mth +1% QoQ +3% YoY
- Grade B: US$19/m2/mth
0% QoQ
- 8% YoY
- Grade C: US$16/m2/mth +2% QoQ +3% YoY
Outlook
- Q4/2017: 1 project 400 units
- 2018 on: 11/14 projects 1,485 units
Somerset West Point HaNoi Park Hill – Vinhomes Times City
SLIDE 7
APARTMENT
7
Supply
- 13 new & 16 phase launches 6,167 units - 10% QoQ
Grade C: 48% share
- Primary:
23,920 units, - 3% QoQ + 41% YoY
- Secondary:
170,200 units + 18% YoY
Performance
- Sales:
5,655 - 17% QoQ stable YoY
- Absorption:
24% - 4ppts QoQ - 11 ppts YoY
- Demand:
- Grade A:
- 5% QoQ 12% share
- Grade B:
- 13% QoQ - 15% YoY 45% share
- Grade C:
+ 20% QoQ - 8% YoY 43% share
Outlook
- Q4/2017:
24,720 units
- Grades:
A: 24% B: 42% C: 34% Pent Studio Skypark
SLIDE 8
VILLA | TOWNHOUSE
8
Supply
- Total:
39,126 +3.5% QoQ +16.9% YoY
- Primary:
3,774
- 4.8% QoQ +63% YoY
- Secondary: 35,352
+4.5% QoQ +13.4% YoY
- New:
1,107
- 5 new & 4 new phase launches
- Notable: Vinhomes The Harmony
- Townhouse: 62%
- Long Bien top district 66% share Hoang Mai 10%
Outlook
- Q4/2017-2018: 17 projects ~ 2,800+ dwellings
Eurowindow River Park Vinhomes The Harmony
SLIDE 9
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