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% stable YoY >9.4 mil 11% 28% YoY 0.5ppts 13% YoY disbursed 2

RETAIL Goldmark City Supply 1.3 million m², + 0.4% QoQ, + 7.4% YoY  Supermarket: 18% Dept. Store: 10% o o Wholesale Centre: 5% Shopping Centre: 57% o o Retail Podium: 10% o Performance Avg Occupancy: 95% + 6 ppts QoQ + 11 ppts YoY  Vinhomes D’ Capitale Avg GF gross rent: US$37/m²/mth + 3% QoQ - 6% YoY  Dept Store: US$45/m²/mth - 5% QoQ - 13% YoY o Shopping Centre: US$39/m²/mth + 5% QoQ - 4% YoY o Retail Podium: US$26/m²/mth + 5% QoQ - 8% YoY o Outlook Q4/2017: 4 projects + 39,000 m²  2018: 8 projects + 196,000 m²  3

OFFICE Eurowindow Office Building Supply Stock: ~1.6 million m², - 1.7% QoQ, - 1.2% YoY  Grade A: 27% Grade B: 45% Grade C: 28% o Performance Avg. occupancy: 93%, + 1 ppt QoQ, + 7 ppts YoY  Avg. gross rent: US$19/m 2 /mth, - 0.1% QoQ, + 1% YoY  Grade A: US$27/m²/mth, + 0.1% QoQ, - 1% YoY o Legend Tower Grade B: US$18/m 2 /mth, + 3% QoQ, + 7% YoY o Grade C: US$12/m 2 /mth, - 1% QoQ, + 0.4% YoY o Outlook Q4/2017: 2 projects + ~46,000 m²  2018: 10 projects + ~195,000 m²  4

HOTEL Intercontinental Landmark 72 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  Kuretake Inn 5-star: US$151/room/night - 1% QoQ + 38% YoY o 4-star: US$73/room/night - 2% QoQ + 9% YoY o 3-star: US$48/room/night - 2% QoQ + 5% YoY o Outlook 36 projects  Upscale: Hilton (2) Accor Marriott Four Seasons  5

SERVICED APARTMENT Somerset West Point HaNoi Supply 4,203 units + 2% QoQ + 10% YoY  Grade A (13+1) Grade B (23) Grade C (14-1) o Tay Ho (27%) Ba Dinh (26%) Tu Liem (15%) o Performance Avg. occupancy: 90% - 1 ppt QoQ + 3 ppts YoY  Avg. gross rent: US$25/m 2 /mth + 1% QoQ - 2%YoY  Park Hill – Vinhomes Times City Grade A: US$32/m 2 /mth + 1% QoQ + 3% YoY o Grade B: US$19/m 2 /mth 0% QoQ - 8% YoY o Grade C: US$16/m 2 /mth + 2% QoQ + 3% YoY o Outlook Q4/2017: 1 project 400 units  2018 on: 11/14 projects 1,485 units  6

APARTMENT Pent Studio 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  Skypark Demand:  Grade A: - 5% QoQ 12% share o Grade B: - 13% QoQ - 15% YoY 45% share o Grade C: + 20% QoQ - 8% YoY 43% share o Outlook Q4/2017: 24,720 units  Grades: A: 24% B: 42% C: 34%  7

VILLA | TOWNHOUSE Eurowindow River Park 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 o Notable: Vinhomes The Harmony o Vinhomes The Harmony Townhouse: 62% o Long Bien top district 66% share Hoang Mai 10% o Outlook Q4/2017-2018: 17 projects ~ 2,800+ dwellings  8

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