JLL at Davos 2017
JLL leaders are at the World Economic Forum Annual Meeting in Davos. Follow their exclusive insights on real estate, technology, and responsible leadership here.
ASEAN's time to shine
A year into the AEC's ambitious project of economic integration in Southeast Asia -- a collective market of $2.6 trillion and 622 million people -- ASEAN economies continue to grow at a healthy clip of around 5 percent annually compared to a global growth rate of 3.52 percent per year. Against this backdrop of increased opportunity as well as ambiguity, what is the outlook for those of us in the real estate business?
Managing real estate is critical to managing climate change
“Commercial buildings generate about 40 percent of total greenhouse gas emissions in the world’s developed countries. If you want to limit greenhouse gases, buildings must be part of the solution.” Read more from
JLL reports double-digit revenue growth
Third quarter revenue increased 14% to $1.7 billion and fee revenue grew 12% to $1.4 billion with broad-based results across geographic segments and service lines.
UK Outside the EU – How Will London Residential Markets Fare?
The months following the decision by the United Kingdom to leave the European Union have seen volatility in financial markets and doubt about the future trajectory of the UK, and particularly London, residential property markets. This research paper outlines six key points to consider when making decisions about London residential property investments.
Southeast Asia’s real estate transparency: Moving in the right direction
Japan and Australia lead Asia Pacific in sustainability, according to JLL’s latest Real Estate Transparency Index
JLL Scoops 2016 Excellence Award for Facilities Management in Asia Pacific
CapitaLand’s luxury residential tower in Ho Chi Minh City
First residential project in Vietnam to offer concierge services by Ascott
Vietnam Property Market Brief Q3 2016
Vietnam’s GDP growth was 5.6% in 2Q16, resulting a rate of 5.5% in the first half of 2016, down from 6.3% in the same period last year. Click here to download the report.
Global Real Estate Transparency Index 2016
JLL Vietnam accelerates business expansion by attracting top talent
JLL has ambitious future growth plans in Vietnam to best service and help its clients take advantage of the opportunities in the country. Country Head, Stephen Wyatt commented: “We have witnessed a marked increase in business activity over the past 24 months and these key hires demonstrate our commitment to growing the business and providing our clients with the highest level of professional service.”
HCMC report: The opportunity lies in building homes
Vietnam is one of the fastest growing countries in Southeast Asia. The strong economic growth is a result of favourable demographics, continued urbanization, industrialization and higher employment in the services sector and a rising middle class. Read more on why we believe there is more upside to Ho Chi Minh City residential prices even after a recent surge in sales, and why we are less positive on office investments.
Christian Ulbrich appointed President and CEO to succeed Colin Dyer
In a smooth leadership transition, Ulbrich, currently President, will take on the CEO role effective October 1. Dyer will retire from JLL at the end of the year and step down from his role as CEO on September 30. He also will remain on JLL’s Board of Directors through the 2017 Annual Shareholders Meeting and serve as an adviser through 2017.
M&A in Vietnam, emerging market, emerging growth
M&A activities, in particular the real estate sector in Vietnam, have been recorded to increase substantially in both volumes and value of transactions in recent years. Due to lack of transparency of the emerging market in which most transactions are not publicly announced, it is limited official statistics on transaction volumes as well as their values. While the global economy becomes more volatile, Vietnam, as an emerging country, has turned into an attractive market for investment, livening up the M&A activities in this market.
Transparency key to capital flows
JLL has just released an update of our global transparency index which looks at real estate markets all over the world. It covers 109 markets and in its 17th year is the industry benchmark for real estate transparency globally. My research colleague Lee Fong reviewed the AP results in his blog.
AP commercial real estate universe expands
In Asia Pacific, 75% of total commercial real estate currently concentrates in five markets – China, Japan, Australia, Hong Kong and Singapore, according to LaSalle (LIM Global Real Estate Universe February 2016). Coincidentally, these five markets account for around 60% of AP regional GDP. A sixth market, India, comprises 16% of regional GDP but is currently under-represented with only around 6% of the region's commercial real estate (South Korea's share is 7%). However, India is forecast to join this group of global real estate investment markets over the next decade, as a result of rapidly expanding commercial real estate stock.
Retailers look to catch shoppers in Pokémon Go craze
Why JLL Vietnam?
2016 Vietnam Property Market | BOOM or BUBBLE?
JLL Vietnam celebrates its 10 years Anniversary
JLL reached a significant milestone in July, 2016, celebrating 10 years of business in Vietnam. To celebrate this occasion, JLL invited clients, partners and past present employees to attend a prestigious event to be hold on 14th July. The business started operations in 2006. We have built a very strong platform in Vietnam in the last 10 years and we are extremely excited about the future. Our mission is to provide our clients with the highest level of professional advice delivered with passion honesty and integrity.
Vietnam Property Market Brief Q2 2016
Vietnam’s GDP growth was 5.6% in 2Q16, resulting a rate of 5.5% in the first half of 2016, down from 6.3% in the same period last year. The contraction was led by the reduction in the agriculture output during the period and the falling global oil prices. The agro-forestry-fishery sector slipped 0.2%, the first time ever the sector witnessed a downturn due to the impacts of the cold spell in the north, the prolonged drought and saltwater intrusion in the south and the mass fish death in the central region. Relative authorities have been tasked with achieving the target of 6.7% GDP growth for this year. Click here to download the report.
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
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: 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.
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.
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.
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.
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.
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.