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
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.
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.
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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
JLL Wins 15 Awards at International Property Awards Asia Pacific 2016
Six in Five-Star Category
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”.
RCA ranks JLL No.1 five years in a row!
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.
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®.
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.
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.
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
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.
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.