Vietnam Market Weekly Highlight W22 2016
Rising demand in Viet Nam's residential segment is expected to sustain solid growth in the construction industry, though delays to accompanying infrastructure projects and tighter credit conditions could slow the pace of development. The boom will be fuelled in large part by urbanisation and a growing middle class that is benefitting from Vietnam's sustained economic growth. GDP is forecast to expand by as much as 6.7% this year, according to the Asian Development Bank.
The Fourth Industrial Revolution: The Impact on Real Estate in Southeast Asia
The Fourth Industrial Revolution is about the convergence of automation, artificial intelligence and rising connectivity. In the next five to 10 years, it has the potential to raise efficiency, productivity and income levels to improve quality of life in Southeast Asia as well as globally. Find out how the Fourth Industrial Revolution will impact the real estate sector in SEA by downloading our latest report, "The Fourth Industrial Revolution: The Impact on Real Estate in Southeast Asia".
Any chance for local retailers in Vietnam?
By Ms. Tram Nguyen, Head of Research, JLL Vietnam
APPD Q1 2016 | Still on track despite volatile start to the year
Vietnam Real Estate enters heat wave – What next?
Over the past few months Vietnam and Ho Chi Minh City in particular has been experiencing a heatwave with temperatures reaching record levels, this can also be said for the red hot real estate market
Vietnam Market Weekly Highlight W19 2016
Government support is vital in tackling numerous delayed real estate projects in multiple hi-end areas in HCMC. According to HoREA, the city is currently home to 138 delayed realty projects which could not resume construction despite concerted efforts made on behalf of developers, banks and construction authorities. Hi-end office towers and residential buildings held a significant part of these delayed projects. On finding a solution, HoREA chairman Le Hoang Chau calls for the government to introduce policy incentives to help firms resume the project pace
Asia Pacific cities dominate world’s top luxury retail destinations
JLL report reveals seven of the 10 most attractive cities for luxury retail are in Asia Pacific
SEA Retail Cities
Southeast Asian cities are growing faster than in many parts of the world. Increased urbanisation, rising middle class and competitive labour costs are some of the factors which impact many aspects of the economies, including the Food & Beverages industry. Find out how the F&B consumer expectations are also changing in the main cities in SEA by downloading our SEA Retail Cities publication.
Vietnam Market Weekly Highlight W18 2016
A range of resort real estate projects have been launched onto the market this year, with thousands of billions of Vietnam dong poured into them. According to Jones Lang LaSalle (JLL), around 70% of apartments and villas have found buyers as many incentives have been offered for buyers, including profit commitment, and low-interest loans. Nguyen Ngoc Tram, head of market research at JLL, said a resort project with unique design, full services, good management and bank loan support could attract investors.
Click here to read more...
Vietnam: Asia’s next tiger?
Every year on 30 April Vietnam celebrates Reunification Day. Also known as Liberation Day, it is a public holiday that marks the fall of Saigon (now known as Ho Chi Minh City) and the end of the Vietnam War in 1975. In this infographic, we trace the development of the real estate market from the start of market reforms in 1986 and give a glimpse of the promising growth of the country’s real estate sector. Please click here to view the infographic.
JLL reports strong results for first quarter 2016 with broad-based revenue growth
Adjusted earnings per share of $0.82, gross revenue up 14% to $1.3 billion, fee revenue up 11% to $1.1 billion
Vietnam Market Weekly Highlight W17 2016
The real estate market in Vietnam will see a growing number of property developments which offer quality living environments and amenities as developers are moving to meet the market demand amidst an improved economy. At a conference about breakthroughs in living standards co-organised by the economic and financial news website cafef.vn and the Viet Nam Real Estate Association on Wednesday in Ha Noi, experts said that home buyers were now more demanding, driven by improved income as the economy was on the recovery path.
Vietnam Market Weekly Highlight W16 2016
The real estate market in Vietnam has seen groundbreaking merger and acquisition deals during this year’s first quarter, with the total monetary volume reaching several hundred million dollars. The deals were made by both local and overseas players looking to consolidate their presence in Vietnam. A good number of foreign investors are planning to buy office buildings in Hanoi and Ho Chi Minh City, including projects that are already completed, those currently under construction, and those scheduled for a future build date.
Shared values define us
Our values underscore our commitment to clients and to each other, providing direction for everything we do.
OVERVIEW ON M&A ACTIVITIES IN VIETNAM 1Q16 – JLL
The property market witnessed a strong start to the year with solid performances in most sectors in 1Q16, especially residential sale volumes in major cities and tourist destination. In-line with our forecast, M&A activities continue where it left off in 2015 with deal volumes increasing in the first three months of 2016 and many successful transactions. Please click here to see the list of some M&A transactions in Vietnam 1Q16
Euromoney - Real Estate Awards 2016
Vietnam Market Weekly Highlight W15 2016
Remittances to HCMC in the first quarter of this year are estimated to have reached USD 1.15 billion, up USD 250 million against last month. There was no leap in the remittances to HCMC in the first three months, as dollar holders were still waiting to see the consequences of the central banks recent policies before deciding on channels to invest in. The central bank has adopted some new policies this year, including the application of the daily reference exchange rate and the reduction of dollar deposit interest to zero percent.
JLL Wins 15 Awards at International Property Awards Asia Pacific 2016
Six in Five-Star Category
Vietnam Market Weekly Highlight W14 2016
Prime Minister Nguyen Tan Dung has approved the State Bank of Vietnam's (SBV) proposal to extend the VND 30 trillion (USD 1.3 billion) housing stimulus package until disbursement of all associated funds is completed. Dung asked the central bank to complete disbursement of the stimulus package with a preferential interest rate, instead of closing it on June 1. The termination of new credit contracts by the housing stimulus package makes life difficult for both low-income earners and property developers.
Vietnam Property Market Brief Q1 2016
Mr. Stephen Wyatt, General Director of JLL Vietnam, comments: “The Vietnamese property market has seen 25 years of development with various ups and downs. The market is developing and maturing at a faster rate than previously seen. Developers, investors, banks and government authorities are more alert to market dynamics and prudent in their actions and roles. JLL believe in strong parameters and development of the property market in the future, and 2016, in particular, will remain a year of promising prospect despite global challenges”.
Vietnam Market Weekly Highlight W13 2016
Foreign investors should take account of buying a property in Vietnam at this time as the market is offering great opportunities, according to the UK-based Financial Times newspaper. In July 2015, new laws opened up the Vietnamese property market to expats. Any foreigner with a valid visa, whether resident or tourist, can now buy property on a 50-year leasehold, with options for extension. This will contribute to boosting the real estate market once foreign investors decide to pour capital into the country, stated the UK newspaper.
RCA ranks JLL No.1 five years in a row!
Vietnam Market Weekly Highlight W12 2016
The cost of building houses is expected to increase due to the recent rise in steel prices, which will in turn likely cause a spike in home purchase prices. Real estate developers raised these concerns after the Ministry of Industry and Trade (MoIT) announced additional tariffs to be levied on imported steel products as of Tuesday. This is a temporary safeguard measure against inexpensive imports that were said to be threatening the domestic industry. When prices increase, demand might fall because people tend to wait until prices drop.
AGING ASIA TO BOOST REAL ESTATE INVESTMENT
With Asia accounting for half of the top ten fastest-aging countries in the next five years, insurance and pension funds in the region are set to invest as much as $300 billion into global real estate markets by 2020 as they assess their ability to meet future obligations.
Vietnam Market Weekly Highlight W11 2016
Homebuyers are worried about a possible hike in interest rates with the terms of the government’s VND 30 trillion (USD1.3 billion) property support package ending on June 1 this year. The package was launched on June 1, 2013, and the State Bank of Viet Nam (SBV) announced in Circular No 11/2013/TT-NHNN that the program would be completed 36 months from the mentioned date, according to local media. Home buyers fear that once the support package ends the interest rates might rise to match current market rates, which might hit them financially.
JLL Named a 2016 World’s Most Ethical Company by the Ethisphere Institute for the Ninth Consecutive Year
Jones Lang LaSalle Incorporated has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World’s Most Ethical Company®.
Vietnam Market Weekly Highlight W10 2016
Now is a good time to issue amendments to Circular No. 36 as credit in the real estate market has increased markedly, according to Mr. Stephen Wyatt, Country Head of real estate consultants Jones Lang LaSalle (JLL) Vietnam, but it should be applied on a case-by-case basis rather than across the board. When implemented, the amendments will have an affect the country’s real estate market. The SBV’s amendments to Circular No 36/2014 aim at reducing the use of short-term funds and promoting medium- and long-term loans.
Vietnam Market Weekly Highlight W9 2016
A total of USD 2.8 billion in foreign direct investment (FDI) was registered for new and operational projects in the year to February, up a staggering 135% compared to the same period last year.
The Future of Property Management in Vietnam
JLL Vietnam recently held a well attended seminar at Le Meridien Saigon hotel to explain how the role of a property and asset manager is a key part of any successful and modern commercial or residential real estate project.
Titled the Future of Property Management in Vietnam the seminar and presentation outlined what is essential to be able to deliver modern management services and strategies to landlords and developers alike. Highlights included the advanced IT platform the firm has available for clients which will help in strategic planning, finance reporting, maintenance and energy sustainability. Please click here to download the presentation.
Vietnam Market Weekly Highlight W8 2016
Demand for industrial real estate is growing on the back of Vietnam’s entry to international and regional trade agreements. Ready-built-factory rents in Ho Chi Minh City continue to hike thanks to rising demand from retailers and fast moving consumer goods companies. However, there was no new supply recorded in 2015, mostly due to limited space and stricter project approval from the local administration. In the southern province of Binh Duong, authorities actively sought for investors to fill excess supply of industrial space.
Vietnam Market Weekly Highlight W7 2016
According to figures from Jones Lang LaSalle Vietnam (JLL), around 63,800 apartments will be completed in Ho Chi Minh City over the next three years, in Hanoi, this number will be more than 61,000 units.
Many investment opportunities in the Vietnam real estate market
Mr. Stephen Wyatt - Country Head of JLL Vietnam has recently had a press conference about the investment opportunities in the Vietnam real estate market. The property market witnessed a considerable improvement in 2015 when compared to the previous 3-4 years. Activity focused around the residential sector, with a considerable amount of development reported in both the major cities, Hanoi and HCMC, matched with a significant rise in demand. In addition, the office, retail and industrial sectors all reported an improved leasing momentum.
Vietnam Market Weekly Highlight W5 2016
Singaporeans real estate companies and investors have increasingly been showing interest in investing in vacation real estate projects in Vietnam. The prices of Vietnamese real estate in the mid- and high-end segments were lower than that in Singapore.
Vietnam Market Weekly Highlight W4 2016
Foreign investment in HCM City's industrial parks and export processing zones is expected to rise this year as Vietnam is scheduled to sign the TTP on February 4, according to the HCM City Industrial Parks and Export Processing Zones Authority (HEPZA)
2016 set to be another strong year for Vietnam housing market
Vietnam’s housing market is expected to enjoy another good year after record sales in 2015 aided by improved economic conditions and infrastructure and lower interest rates.
According to the industry’s estimates, apartment sales in Hanoi hit around 28,300 units in 2015, a 70 percent rise from the previous year. In Ho Chi Minh City, the estimated number ranged between 24,000 and 36,000, an increase ranging from 50 to 100 per cent depending on whose figures they are -- the city real estate association’s or property consultancy companies’.
In the HCMC primary market, apartment prices rose 6.1 percent year-on-year in the fourth quarter, while in Hanoi, they were up 7.4 percent, according to property consultancy Jones Lang LaSalle.
JLL Press Conference – Vietnam Property Market Overview 2015-2016
JLL Vietnam successfully organized a press conference in JLL office with 25 journalists and reporters in Ho Chi Minh City. In the event, Mr. Stephen Wyatt – Country Head of JLL Vietnam, presented the HCMC Property Market overview Q4/2015 and the outlook for 2016. “The property market of Ho Chi Minh City will see another 25,000 apartments offered for sale this year with 30% of them in the high-end segment” said Mr. Stephen Wyatt.
Vietnam Market Weekly Highlight W3 2016
Vietnam's real estate market is expected to continue recovery this year after gaining good business results last year, with the market reaping benefits from favorable macro condition.
From design hotels to the dot com boom. Watch the hotel industry’s evolution in four minutes.
Vietnamese Real Estate Market Overview and Tax Considerations
In collaboration with PwC Vietnam and Jones Lang LaSalle, we cordially invite you to attend a seminar where industry experts will provide an in-depth market update and overview of the tax and regulatory environment for real estate investments in Vietnam.
Tuesday, 26 Jan 2016 | 9.00 - 10.45 AM | Level 7, PWC Building
Please click here for more detail
Vietnam Market Weekly Highlight W2 2016
Foreign capital flowing into Vietnam reached a record high last year, promising more economic growth but more competition for domestic companies.
Vietnam Property Market Brief Q4 2015
Vietnam’s GDP growth was 7.0% in 4Q15, quickening from a revised 6.9% in 3Q15, and in 2015, Vietnam recorded a GDP growth rate of 6.9%, surpassing the government‘s 6.2% target set early 2015. Growth will be very important for the Vietnamese economy in the coming years in the context of falling world oil prices and instability in the international financial markets. In the national economic overview, the agro-forestry and fisheries sectors rose 2.4%, the construction and industry sectors rose 9.6%, and the services sector rose 6.3%. The fastest growth rate in last five years was helped by an expanding industrial sector and record foreign direct investment.
Vietnam Market Weekly Highlight W1 2016
Foreign direct investment in the local real estate sector is expected to rise in 2016 given the positive property development outlook.
Amazing achievements in 2015 and expectations for 2016 - Message from Head of JLL Vietnam
It has been a fantastic year of JLL Vietnam in 2015. All departments from PAM, Valuation & Market Research, Commercial Leasing, IFM, and Capital Market have strong and significant records this year. We also expect a stronger performance next year as JLL will celebrate a 10-year anniversary in Vietnam.
JLL hosted a webinar meeting for foreign investors all around the world
Mr. Stephen Wyatt – Country Head of Jones Lang LaSalle (JLL) Vietnam, shared his thoughts on Vietnamese economy, Real estate market, and talked about process for foreign investors to buy properties in Vietnam.
Please click here to listen to the meeting
Check out properties in Cambodia and Vietnam
Sales and pricing have been picking up steadily since the market bottomed out in the fourth quarter of 2013.
But prices remain affordable, says Mr Wyatt. A typical 70 sq m two-bedroom home within a 10- to 15-minute drive to the central business district in Ho Chi Minh City is about US$1,600 (S$2,250) to US$2,000 per sq m, which amounts to US$112,000 to US$140,000.
"When compared with other major cities within the region, we believe there is considerable upside," he says, adding that investors enjoy returns of 6 to 7 per cent on residential property and 9 to 11 per cent on commercial real estate.
But this depends on the property's location, age and quality of building and covenant strength of tenants.
Confidence returns to real estate
Mr. Stephen Wyatt, Country Head of Jones Lang LaSalle (JLL) Vietnam, shares his thoughts on the real estate market this year and his expectations for 2016.
The Four Giants of Southeast Asia
The growing urbanisation rates are shaping the economies of Indonesia, the Philippines, Thailand and Vietnam. Read the latest Real Views article and infographic to find out more about its effects on economic growth, infrastructure, business conditions and connectivity within these markets
Story on real estate investments in emerging markets, with a focus on Vietnam
JLL Vietnam sees great potential in the long-term economic development of Vietnam´s real estate sector, as the market becomes more mature and evolves from a frontier market into an emerging market the legal and bureaucratic framework will improve which will lead to considerable upside in real estate.
TNR Tower – Grade A office building for lease
TNR Tower is new Grade A office building completed by end of 2015. Located in the Mid-Town area of Hanoi, TNR Tower provides the international standard working space to office occupier at competitive rental rate. The achievable rental* for early bird deals is estimated at US$25/sqm/month, all incl.
How Will Vietnam Real Estate Benefit From The Trans-Pacific Partnership Deal?
"We anticipate that Vietnam will establish itself as a manufacturing destination, due to relatively low labor costs and high levels of productivity, this will undoubtedly entice more and more companies to set up new businesses in Vietnam, potentially from the likes of China", says Stephen Wyatt, Country Head of JLL Vietnam.
Alastair Hughes: Southeast Asia -- a hidden gem for property investment?
Conversations among real estate investors in recent weeks have mostly focused on Japan's low interest rates, the potential opportunities to be had from China's economic slowdown, and the safe-haven nature of the property markets in Australia. Few talk about opportunities in Southeast Asia -- but this could soon change.
Vietnam: From Asian backwater to investment hotspot
Just five years ago, investing in Vietnam could be a bit of a gamble.
But today global brands from Louis Vuitton to Starbucks and Asian brands such as Japanese retailer AEON are rapidly expanding in the communist country as they vie for a piece of increasing numbers of foreign visitors and a growing middle class.
It’s a marketplace which is set to develop further after the government relaxed rules on investment by foreign firms, foreign buyers and Vietnamese living overseas – the Viet Kieu.
Vietnam Property Market Brief Q2-2015
Vietnam’s GDP growth reached the highest level since 2009 in the first half of the year at 6.3%. The high economic growth in 2Q15 and in the first half of the year demonstrates the Vietnamese economy is continuing its recovery and development trend despite some difficulties around the globe.
The survey results are in!
Responses from 544 CRE executives worldwide point to an immediate need for change. Read our report for powerful insights into the future direction of the CRE industry.
EMEA Offices Interface Q1 2015
View key market statistics, compare cities and download detailed reports with the EMEA Offices Interface tool.
JLL releases 2014 Annual Report
JLL releases record first quarter earnings
Fee revenue increased 25 percent in local currency across all service lines and geographic segments.
Euromoney magazine’s 11th annual Real Estate Survey
Asia Pacific Property Digest 4Q 2014
AP commercial real estate investment volumes surged to a record high in 4Q14, bringing full year volumes to USD 131 billion, also a record high.
Leasing activity continued to gain traction in 4Q14 and full year net take-up was around 15% higher than the year before.
Tech Hubs Dominate Most Dynamic Cities List – HCMC first time is in the list of Top 20
CHICAGO, and LONDON, January 22, 2015 – Providing a new view into what makes cities dynamic and attractive for future opportunities, JLL (NYSE: JLL) today released its second annual City Momentum Index (CMI). London, San Jose, Beijing, Shenzhen and Shanghai lead the 2015 CMI, which also features six new cities in the top 20: Ho Chi Minh City (6) Sydney (11), Dublin (14), Nairobi (15), Melbourne (16) and Nanjing (20).
Vietnam Property Market Monitor 4Q14
Collection of all the most prominent news of Vietnam Property Market through out all the Cities and Provinces of Quarter 4 - 2014
Re-drawing the ASEAN map
How companies are crafting new strategies in South-east Asia is an Economist Intelligence Unit (EIU) report, sponsored by Baker & McKenzie and CIMB. The research was conducted by the Economist Corporate Network (ECN), a division
of the EIU.
Vietnam Property Market Brief Q4 2014
Vietnam’s economic growth accelerates in 2014: Vietnam achieved GDP growth of 5.98% in 2014 which was a positive sign compared to 5.25% in 2012 and 5.42% in 2013.
Capital flows equalise between regions
Abundant equity and liquid debt markets create an ideal environment for global investment, bringing H1 2014 volumes to US$297 billion
Parkland Green - Residential Development Site for Sale
Parkland Green is located in District 9, an established residential enclave in Ho Chi Minh City (“HCMC”), situated on the boundary with District 2 which is widely recognized as the most affluent residential district within the city.
Vietnam Property Market Brief Q3 2015
JLL Vietnam Property Market Brief is a quarterly publication providing market updates for different real estate sectors in different cities in Vietnam. It is part of the comprehensive research package from JLL Research that covers Vietnam, along with other major countries in Asia Pacific.
Discover the sciences of productive real estate
See your company through a different lens. Find out how an integrated approach to data and analytics can transform productivity.
Asia Pacific - Capital Markets Report
Investment Outlook for 2015 - As investor demand continues to outpace the amount of assets available, overall volumes in 2015 are expected to exceed the record level seen in 2013.
Record second-quarter fee revenue $1.1 billion reported
JLL’s fee revenue grew 18 percent in the second quarter with margin expansion in all three geographic regions.
Christian Ulbrich Appointed JLL President
Colin Dyer continues as CEO; Guy Grainger named EMEA CEO and Chris Ireland becomes UK Chief Executive. All changes are effective June 1.
Bright Finish for Office Leasing in 2015 | APPD 4Q 2015
Real insights from Real Views
Get a fresh perspective on how real estate is impacting the wider world from Real Views by JLL. Real Views keeps you up-to-date with all the latest global trends and hot topics in the world of real estate.
Jones Lang LaSalle Shortens Name to “JLL” and Unveils New Logo
CHICAGO, LONDON, SINGAPORE, 3 March 2014 - Underscoring its global operation, scale and vision for the future, Jones Lang LaSalle (NYSE: JLL), the professional services and investment management firm specializing in real estate, has announced that it is now using the name “JLL” and introducing a refreshed logo. In a dramatic depiction of this change, the firm’s global headquarters in the Aon Center will be lit with the JLL name on Monday and Tuesday nights, 3 and 4 March. This will be visible on the south side of the building facing Millennium Park.
An exclusive look at the World Economic Forum’s Annual Meeting of the New Champions 2015, taking place in Dalian, China, with perspectives from JLL’s delegates at the Meeting.
The Emerging Powerhouse of South East Asia
The numerous growth factors that shape the property markets across South East Asia make ASEAN a desirable destination for real estate investors, despite challenges in the region.
Download the latest research paper, ’The Emerging Powerhouse of South East Asia: What Does It Mean for Real Estate Investors?’
World's Most Ethical 2015
For the eighth consecutive year, the Ethisphere Institute named JLL one of the World’s Most Ethical companies, an accomplishment no other real estate firm has achieved.
Is your capital planning process constraining company growth?
Whatever its form—planning for the latest technology, a new manufacturing facility or new offices—capital investment enables growth. However, the average company misses capital plan targets for real estate by 12% each year. Does your capital planning process support growth?
Cities Research Center
Our Cities Research Center, underpinned by 10 years of pioneering city research, brings together our firm-wide resources and expertise on cities around the world to help you identify new opportunities and to navigate through the New World of Cities.
JLL attends World Economic Forum in East Asia
Experts gather in Jakarta and share live insight related to the theme, "Anchoring Trust in East Asia’s New Regionalism."
Vietnam Star Property
Exceptional Township Investment Opportunity, Ho Chi Minh City
Corporates explore space as leasing demand surges
2015 Most Admired Company
FORTUNE magazine recognized JLL’s global competitiveness, superior client-focused workforce and financial soundness on its Most Admired Companies list.
Two key appointments to the RICS advisory group in Vietnam
JLL Vietnam is pleased to announce the appointment of Stephen Wyatt MRICS and Chris Murphy FRICS to the Vietnam Advisory Board of the RICS
Real Estate Investment: Momentum builds
GLOBAL MARKET PERSPECTIVE: Transaction volumes up 10% year-on-year as investors continue to move up the risk curve, targeting secondary cities in the United States and Europe.
Global Retail Banking 2020: issues and opportunities for real estate
CEO Colin Dyer is one of LinkedIn’s “People to Follow”
See his post on “Making the Workplace Work for Multiple Generations” and follow his on-going discussions.