CBRE Vietnam market outlook will highlight the performance and trends of the real estate industry of Vietnam in the recent years to predict what is coming next.
On the back of improved economic fundamentals, Vietnam’s gold, oil and stock prices picked up and its real estate market remained buoyant despite instability in international economies. Leasing activities continued to be active. Rents growth and occupancy levels witnessed sustained improvements across all property types. Vietnam’s condominium sector continued the strong momentum seen in 2015 and reported positive figures in 2016, although there have been growing concerns about oversupply. The gravitation of big-name developers towards the lower-end segments is expected to hold up market sentiment and bring balance to this sector.
For property investment, the residential sector will continue to attract developers and investors as fundamentals still look positive. However, income producing assets, especially Offices and Hotels will draw particular attention, following several high-profile transactions in 2016.