O slideshow foi denunciado.
Utilizamos seu perfil e dados de atividades no LinkedIn para personalizar e exibir anúncios mais relevantes. Altere suas preferências de anúncios quando desejar.

HCMC CBD Market Report | Oct 2015 (EN)

Colliers International Vietnam
Monthly Market Report in CBD of HCMC

  • Seja o primeiro a comentar

HCMC CBD Market Report | Oct 2015 (EN)

  1. 1. Accelerating success www.colliers.com/vietnam OCTOBER 2015 HCMC CENTRAL BUSINESS DISTRICT CBD MONTHLY MARKET REPORT * Vincom CenterAccelerating success www.colliers.com/vietnam
  2. 2. Table of Contents HCMC MARKET OVERVIEW Office Retail Hotel Serviced Apartment LIST OF FIGURES Figure 1 Figure 2 Figure 3 Figure 4 Figure 5 Figure 6 Figure 7 Figure 8 LIST OF TABLES Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 Table 8 Page 3-5 6-7 8-9 10-11 3 3 6 6 8 8 10 10 3 4 6 7 8 9 10 11 ........................................................................................................................... ........................................................................................................................... ........................................................................................................................... ............................................................................................................... Office, Net absorption and asking rent by grade.................................................. Office, Overall occupacy..................................................................................... Retail, Market performance of all grades.......................................................... Retail, Average rental rate by grade................................................................... Hotel, Average room rate.................................................................................. Hotel, Occupancy rate....................................................................................... Serviced apartment, Average rental rate.......................................................... Serviced apartment, Occupancy rate................................................................... Office, Market summary..................................................................................... Significant office projects.................................................................................. Retail, Market summary..................................................................................... Significant retail projects................................................................................... Hotel, Market summary...................................................................................... Significant hotel projects................................................................................... Serviced apartment, Market summary............................................................... Significant serviced apartment projects ..........................................................
  3. 3. Figure 2: Office, Overall occupancy PERFORMANCE The average net asking rents across all grades remained stable in the review month. Grade A and Grade B office buildings maintained their net asking rents at USD40/sqm/mth and USD24/sqm/mth respectively. Kumho Asiana Plaza, The Metropolitan and Saigon Centre have the highest rents among all Grade A buildings. As a result of limited supply and strong floor uptake from anchored tenants in newly-built Vietcombank and Lim Tower 2, average occupancy rate of both Grade A and Grade B enjoyed high percentage over 90%. Grade A improved its occupancy rate at 96% whilst Grade B increased to 94%. SUPPLY Currently, there has 11 Grade A and 57 Grade B buildings, providing 286,640 sqm GFA and 937,291 sqm GFA to Ho Chi Minh City office market. The total stock was relatively stable quarter-on-quarter (q-o-q) and increased 3% year-on-year (y-o-y). Q3 2015 witnessed no new supply, which is a good time to absorb remaining office space in the market. There will be a drought of premium quality office buildings over the next two years until Deutsches Haus, The One and Saigon Centre (phase 2) are due for completion in 2017-18. DEMAND Demand for office space remained solid, driven by business growth and tenant flight to quality. The total office take-up across all grades significantly increased to 5,800 sqm in Q3 2015. Grade A and Grade B net absorption reached 2,000 sqm and 3,800 sqm respectively. OUTLOOK Recent free trade agreements and partnership have initiated rising inquiries from multinational corporations for expansion as well as relocation. Given the shortage of land in the CBD, decentralisation is expected in the medium to long term. Landlords in top-tier office buildings are optimistic about their tenant retention due to limited new supply. Hence, incentives might be tightened and rent growth is expected to be slow and steady over the next quarters. OCTOBER 2015 | OFFICE ©2015 Colliers International Research CBD MONTHLY MARKET REPORT Page 3 Figure 1: Office, Net absorption and asking rent by grade Source: Colliers International Research Source: Colliers International Research Source: Colliers International Research Table 1: Office, Market summary Grade A Grade B Total Total Supply (Project) 11 31 44 Total Supply (NLA) 212,655 405,851 618,506 Average Rent Rate (US$/sqm/month) 39.8 24 32 Q-o-q Change (ppts) 3.2 1 2 Occupancy (%) 95 96 95 Q-o-q Change (ppts) 2.8 1.4 2.1 285000 290000 295000 300000 305000 310000 24 25 26 27 28 29 30 31 32 33 Jan-15 Feb-15 Mar-15 Apr-15May-15Jun-15 Jul-15 Aug-15Sep-15 Oct-15 Nov-15 F Dec-15 F sqm USD/sqm/month Net absorption Asking rent 88 90 92 94 96 98 100 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 F Dec-15 F %
  4. 4. (*) US$/sqm/month (NLA) Table 2: Significant Office Projects No Name Address Completion Year NLA (sqm) Service Charges (*) Occupancy rate Average asking rent (**) 1 Saigon Centre 65 Le Loi 1996 11,650 6.0 99% 40.0 2 Saigon Tower 29 Le Duan 1997 13,950 6.0 96% 40.0 3 Sunwah Tower 115 Nguyen Hue 1997 20,800 6.0 98% 38.0 4 The Metropolitan 235 Dong Khoi 1997 15,200 6.0 86% 43.0 5 Diamond Plaza 34 Le Duan 1999 15,936 8.0 99% 37.0 6 Kumho Asiana Plaza 39 Le Duan 2009 26,000 7.5 92% 44.0 7 Bitexco Financial Tower 2 Hai Trieu 2010 37,710 8.0 94% 37.0 8 President Place 93 Nguyen Du 2012 8,330 6.0 97% 33.0 9 Times Square 22-36 Nguyen Hue 2012 12,704 7.0 85% 40.0 10 Le Meridien 3C Ton Duc Thang 2013 9,125 4.8 100% 35.0 11 Vietcombank Tower 5 Me Linh Square 2015 41,250 7.0 96% 33.0 Grade A 212,655 6.9 95% 37.9 1 OSIC 8 Nguyen Hue 1993 6,500 6.0 90% 26.0 2 Yo Co Building 41 Nguyen Thi Minh Khai 1995 5,000 3.0 99% 23.0 3 Somerset Chancellor Court 21-23 NguyenThi Minh Khai 1996 3,200 5.0 95% 24.0 4 Central Plaza 17 Le Duan 1997 6,094 5.0 100% 26.0 5 Harbour View Tower 35 Nguyen Hue 1997 8,000 5.0 90% 20.0 6 Saigon Riverside Office 2A-4A Ton Duc Thang 1997 10,000 5.0 99% 21.0 7 Saigon Trade Center 37 Ton Duc Thang 1997 31,416 6.0 92% 21.0 8 MeLinh Point Tower 2 Ngo Duc Ke 1999 17,600 6.0 100% 24.0 9 Zen Plaza 54-56 Nguyen Trai 2001 11,037 5.0 88% 21.0 10 Bitexco Building 19-25 Nguyen Hue 2003 6,000 5.0 98% 24.0 11 The Landmark 5B Ton Duc Thang 2005 8,000 6.0 99% 22.0 12 Opera View 161-167 Dong Khoi 2006 3,100 7.0 100% 27.0 13 City Light 45 Vo Thi Sau 2007 10,000 5.0 95% 18.0 14 Petro Tower 1-5 Le Duan 2007 13,304 6.5 99% 27.0 15 The Lancaster 22 – 22 Bis Le Thanh Ton 2007 7,000 5.0 88% 25.0 16 CJ Building 5 Le Thanh Ton 2008 14,000 5.0 100% 23.0 17 Continential Tower 81-85 Ham Nghi 2008 15,000 6.0 100% 24.0 18 Havana Tower 132 Ham Nghi 2008 7,326 6.0 97% 28.0 19 Royal Center 235 Nguyen Van Cu 2008 14,320 5.0 100% 25.0 20 Sailing Tower 51 Nguyen Thi Minh Khai 2008 16,910 6.0 100% 26.0 21 TMS 172 Hai Ba Trung 2009 4,000 3.5 100% 25.0 22 A&B Tower 76 Le Lai 2010 17,120 6.0 97% 27.0 23 Bao Viet Tower 233 Dong Khoi 2010 10,650 5.5 98% 21.0 24 Green Power Tower 35 Ton Duc Thang 2010 15,600 6.0 100% 24.0 25 Maritime Bank Tower 192 Nguyen Cong Tru 2010 19,596 5.0 90% 22.0 26 Saigon Royal 91 Pasteur 2010 5,340 6.0 100% 27.0 27 Vincom Center 68 -70 -72 Le Thanh Ton 2010 56,600 5.0 92% 24.0 28 Empress Tower 138 Hai Ba Trung 2012 19,538 6.0 98% 25.0 29 Lim Tower 9-11 Ton Duc Thang 2013 22,000 6.0 98% 28.0 30 MB Sunny Tower 259 Tran Hung Dao, Co Giang 2013 13,200 5.5 92% 25.0 31 Lim Tower 2 Vo Van Tan 2015 8,400 5.0 93% 23.0 Grade B 405,851 5.5 96% 24.0 OCTOBER 2015 | OFFICE ©2015 Colliers International Research CBD MONTHLY MARKET REPORT Page 4
  5. 5. OCTOBER 2015 | GRADE A OFFICE SKYLINE REVIEW ©2015 Colliers International Research CBD MONTHLY MARKET REPORT Page 5 KUMHO ASIANA PLAZA 39 Le Duan, District 1 26,000/1,402 $ 44.00 $ 7.50 DIAMOND PLAZA SAIGON 34 Le Duan, District 1 15,936/2,200 $ 37.00 $ 8.00 LE MERIDIEN HOTEL 3C Ton Duc Thang, District 1 9,125/NA $ 35.00 $ 4.80 SAIGON TOWER 29 Le Duan, District 1 13,950/NA $ 40.00 $ 6.00 DEUTSCHES HAUS 3-5 Le Van Huu, District 1 THE METROPOLITAN 235 Dong Khoi, District 1 15,200/1,000 $ 43.00 $ 6.00 PRESIDENT PLACE 93 Nguyen Du, District 1 8,330/1,000 $ 33.00 $ 6.00 BITEXCO FINANCIAL TOWER 2 Hai Trieu, District 1 37,710/900-1,300 $ 37.00 $ 8.00 VIETCOMBANK TOWER 5 Me Linh Square, District 1 41,250/NA $ 33.00 $ 7.00 TIMES SQUARE SAIGON 22-36 Nguyen Hue, District 1 12,704/1,450 $ 40.00 $ 7.00 SAIGON CENTRE 65 Le Loi, District 1 11,650/ 1,073 $ 40.00 $ 6.00 SUNWAH TOWER 115 Nguyen Hue, District 1 20,800/ 1,166 $ 38.00 $ 6.00
  6. 6. OCTOBER 2015 | RETAIL ©2015 Colliers International Research CBD MONTHLY MARKET REPORT PERFORMANCE In the review month, the average net asking rents recorded no significant change, maintaining at US$79/sqm/mth. Rents in the CBD are approximately two times higher than those in non-CBD area. As retail centres in the CBD are located high retail catchment area, their occupancy rate reached 95%. Non-CBD area also enjoyed high occupancy rate of 93% due to strong leasing activity in two newly completed shopping centres. SUPPLY Year to date, Vietnam has approximately 700 supermarkets, 132 shopping centres, and hundreds of convenience stores. According to the master planning of Ministry of Industry and Trade to the year 2020, the country will have 1,200-1,500 supermarkets, 180 shopping centres and 157 other retail formats. Hence, the retail stock has high potential for growth in the future. There has been a trend of developing large shopping centres in suburban area due to limited land availability in the city centre. In Q3 2015, the CBD stock decreased 2% q-o-q while the non-CBD welcomed two new retail centres. Lotte, Aeon, Vingroup are big names not only in retail developments but also in recent M&A retail transactions. DEMAND By end of 2015, the vision of ASEAN Economic Community (AEC) to establish ASEAN as a single market and production hub so as to make the region more dynamic and competitive in the global economy will be reached. The development of AEC helps to boost Vietnam’s appeal to foreign retailers. Household disposable income will increase on the back of positive economic fundamentals and demand for consumer goods and services is expected to grow exponentially. To meet the rising retail demand, more shopping centres and outlets are anticipated to complete in Vietnam in general and in Ho Chi Minh City in particular. OUTLOOK The potential benefits in ASEAN will promote international retailers to venture into Vietnam to increase their brand exposure and tap on the growing local purchasing power. In the short-to-medium term, retail supply and rents will be stable, with shopping malls being built in both urban and suburban areas. Supply is anticipated to grow stronger in the long term. By 2020, retail space in HCMC will be double from what exists today. Page 6 Source: Colliers International Research Source: Colliers International Research Source: Colliers International Research Figure 3: Retail, Market performance of all grade Table 3: Retail, Market summary Shopping Centre Retail Podium Department Store Total Total Supply (Project) 5 12 4 21 Total Supply (sqm NLA) 114,250 34,040 12,300 160,590 Average Rent Rate (USD/sq m/month) 69.9 66.4 100.6 Q-o-q change (ppts) 4 3 -2.15 1.6 Occupancy (%) 88 98.3 100 Q-o-q change (ppts) 1 2.6 1.8 Figure 4: Retail, Average rental rate by grade 82 84 86 88 90 92 94 96 98 100 102 0 20 40 60 80 100 120 Retail Podium Shopping Centre Department Store % USD/sqm/month Occupancy rate Average asking rent 50 60 70 80 90 100 110 120 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 F Dec-15 F USC/sqm/month Retail Podium Shopping Centre Department Store
  7. 7. Table 4: Significant Retail Projects No Name of Project / Building Address Location Completion Year NLA (sq m) ARR (*) Occupancy Rate 1 Saigon Center Le Loi District 1 1996 Renovation Renovation Renovation 2 Diamond Plaza 34 Le Duan District 1 1999 9,000 90 98.0% 3 Caravelle Hotel 19 Lam Son Square District 1 2000 Renovation Renovation Renovation 4 Continential Saigon 132-134 Dong Khoi District 1 2000 200 90 100.0% 5 New World Hotel 76 Le Lai Street District 1 2000 1,000 60 100.0% 6 Zen Plaza 54-56 Nguyen Trai District 1 2001 6,817 50 100.0% 7 Sheraton Saigon 88 Dong Khoi District 1 2002 750 125 69.0% 8 Opera View Lam Son Square District 1 2006 1,260 85 100.0% 9 Kumho Asiana 35 Le Duan District 1 2009 6,830 45 98.0% 10 Rex Arcade 141 Nguyen Hue District 1 2010 2,000 120 100.0% 11 ICON 68 45 Ngo Duc Ke District 1 2011 8,000 50 99.0% 12 President Place 93 Nguyen Du District 1 2012 800 70 100.0% Retail Podium 36,657 66.4 98.3% 1 City Plaza 230 Nguyen Trai District 1 2000 5,250 25 100.0% 2 Parkson Saigontourist 35 Le Thanh Ton Street District 1 2002 17,000 90 100.0% 3 Nowzone Nguyen Van Cu Street District 1 2008 9,000 55 100.0% 4 Vincom Center B 72 Le Thanh Ton District 1 2010 45,000 68 99.0% 5 Union Square 171 Dong Khoi District 1 2012 38,000 73 65.0% Shopping Centre 114,250 69.9 88% 1 Saigon Square 1 77 - 89 Nam Ky Khoi Nghia District 1 2006 1,300 77 100.0% 2 Taka Plaza 102 Nam Ky Khoi Nghia District 1 2011 1,000 167 100.00% 3 Lucky Plaza 38 Nguyen Hue District 1 2013 1,000 160 98.0% 4 Times Square 22-36 Nguyen Hue District 1 2013 9,000 90 100.0% Department Store 12,300 100.6 99.8% OCTOBER 2015 | RETAIL ©2015 Colliers International Research CBD MONTHLY MARKET REPORT Page 7 (*) ARR (Average Rental Rate): All rents are stated in net rents per sqm, inclusive service charge but exculding VAT
  8. 8. OCTOBER 2015 | HOTEL ©2015 Colliers International Research CBD MONTHLY MARKET REPORT PERFORMANCE As of October 2015, the five star hotels remained its high average room rate at USD226/room/night but saw a drop of 3.3ppt m-o-m in occupancy, down to 89%. The four star segment lowered its room rate to USD107/room/ night, down 8.5ppt m-o-m which helped to increased the occupancy rate to 87%, up 1ppt m-o-m. SUPPLY The supply pipeline of Ho Chi Minh City consists of 112 hotels, providing more than 14,000 rooms. The CBD is perceived as the most favourable location for upscale and luxury hotels. Accounting for nearly 70% of the city’s high- end hotels, the area is home of 14 five star-hotels and 13 four-star hotels, with a total of approximately 6,300 rooms. 5-star Des Arts Saigon is the most recent hotel development in the CBD. DEMAND Despite declines in the number of international arrivals to Viet Nam this year, Ho Chi Minh City tourism industry has maintained its positive growth. In the first ten months of 2015, revenue from this industry estimated more than VND15 trillion, up 7% y-o-y. To promote the local tourism, the city authorities have hold a number of special activities this year, including an Ao Dai festival in March, a southern food festival in May, a southern fruits festival in June, an international travel expo in September and an international delicious food festival in December. As more tourists are attracted to the city, demand for short stay accommodation will grow steadily. OUTLOOK It is expected that the average room rates and occupancies will pick up in last months of the year when the high tourist season started. In a short to medium term, the CBD stock will add more rooms from both new hotel developments and refurbishment projects. Union Square Hotel, formerly known as Vincom A is set for opening next year before The One, The Landmark 81, Ritz-Carlton Saigon and Lavenue Crown projects join the market in 2017 and 2018. Moreover, the expansion of the Majestic hotel and the redevelopment of Satra Tax Center are also expected to complete in the next four years. Page 8 Source: Colliers International Research Source: Colliers International Research Source: Colliers International Research Table 5: Hotel, Market summary Figure 5: Hotel, Average room rate Figure 6: Hotel, Occupancy rate 5 star 4 star Total Total Supply (Project) 14 13 27 Total Supply (rooms) 4,568 1,751 6,319 Average Room Rate (USD/room/night) 226 106.5 166 M-o-m Change (ppts) 12.3 Occupancy (%) 89 87 88 M-o-m Change (ppts) 8.3 4.4 150 100 50 0 50 100 150 200 250 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov. F Dec. F 2015 USD/room/night 4 star 5 star 0 10 20 30 40 50 60 70 80 90 100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov. F Dec. F 2015 % 5 star 4 star
  9. 9. Table 6: Significant Hotel Projects No Name of Project Address Location Launched Year Room Occupancy Rate ARR (*) 1 Caravelle 19 Lam Son Square District 1 2000 335 85% 231 2 New World Saigon 76 Le Lai District 1 2000 533 93% 180 3 Rex 141 Nguyen Hue District 1 2000 286 93% 203 4 Sofitel Plaza Saigon 17 Le Duan District 1 2000 286 90% 237 5 Lotte Legend Hotel Saigon 2A - 4A Ton Duc Thang District 1 2001 283 73% 157 6 Renaissance Riverside 8 - 15 Ton Duc Thang District 1 2001 350 85% 233 7 Sheraton 88 Dong Khoi District 1 2002 485 94% 233 8 Park Hyatt Saigon 02 Lam Son Square District 1 2005 259 98% 257 9 Majestic Saigon 1 Dong Khoi District 1 2007 175 63% 160 10 InterContinental Asiana 39 Le Duan District 1 2009 305 93% 293 11 Nikko Saigon 235 Nguyen Van Cu District 1 2011 334 100% 174 12 Le Meridien 3C Ton Duc Thang District 1 2013 345 86% 220 13 Pullman Saigon Centre 146 Tran Hung Dao District 1 2013 306 84% 161 14 The Reverie Times Square 22 - 36 Nguyen Hue District 1 2015 286 96% 452 5-star Hotels 4,568 89% 226 1 Continental 132-134 Dong Khoi District 1 1990 83 100% 120 2 Norfolk Hotel 117-119 Le Thanh Ton District 1 1992 104 52% 115 3 Duxton 63 Nguyen Hue District 1 1996 191 88% 109 4 Oscar 68A Nguyen Hue District 1 2000 108 98% 50 5 Palace Saigon 56-66 Nguyen Hue District 1 2000 144 100% 81 6 Royal City 133 Nguyen Hue District 1 2000 135 74% 69 7 Paragon Saigon Hotel 22-24 Thi Sach District 1 2009 173 100% 87 8 Liberty Central 179 Le Thanh Ton District 1 2010 140 88% 136 9 Golden Central Saigon 140 Ly Tu Trong District 1 2011 120 83% 80 10 Grand Silverland Hotel & Spa 125-133 Ly Tu Trong District 1 2011 89 97% 100 11 Liberty Central Saigon Riverside 17 Ton Duc Thang District 1 2013 170 78% 161 12 Liberty Saigon City Point Hotel 59-61 Pasteur District 1 2014 171 88% 150 13 Eden Saigon Hotel 38 Bui Thi Xuan District 1 2013 123 86% 96 4-star Hotels 1,751 87.1% 106.5 * US$/ sq. m OCTOBER 2015 | HOTEL ©2015 Colliers International Research CBD MONTHLY MARKET REPORT Page 9 *Price excludes VAT
  10. 10. CBD MONTHLY MARKET REPORT OCTOBER 2015 | SERVICED APARTMENT PERFORMANCE Due to their locations, CBD serviced apartments normally have better performance than those in non CBD areas. The average rent in the CBD is 37% higher than in the non-CBD area whilst the CBD occupancy was 4 ppts higher than that of the non-CBD and 5 ppts than that of the new urban areas. The overall performance indicators remained unchanged in October 2015. Grade A recorded its average gross asking rents at USD31.5/sqm/mth and occupancy rate at 91.5%. Meanwhile, Grade B asking rents and occupancy rate were USD28.6/sqm/mth and 87.3% respectively. SUPPLY The city total stock was approximately 4,370 units from 80 projects, increasing 2% q-o-q and 6% y-o-y. In terms of supply by location, District 1 made up 43% of total supply, followed by District 3, District 7 and District 2. Two recent completions in the CBD are Ascott Waterfront Saigon and The Reverie Residence, providing more than 300 serviced apartments. DEMAND According to the recent World Bank’s “Doing Business 2016: Measuring Quality and Efficiency” report, Vietnam’s business environment ranking has advanced three notches as a result of stronger reforms in some sectors. The country’s improvements have been shown in starting a business, paying taxes, securing credit and resolving insolvency. The better business environment will help to boost foreign investment inflows. As more multi-corporations enter Vietnam, demand for serviced apartments is anticipated to grow stronger. OUTLOOK In the next three years, the supply pipeline will be substantial by more than 2,000 units entering the market. Nearly half of the future supply will be located in the CBD. As the supply pipeline will be limited next year, rents and occupancy rates in the existing projects are expected to moderately increase. ©2015 Colliers International Research Page 10 Source: Colliers International Research Source: Colliers International Research Grade A Grade B Total Total Supply (Projects) 6 11 44 Total units 683 814 1,497 Average Rent Rate (USD/sq m/month) 31.5 28.6 30.1 Occupancy (%) 91.5 87.3 89.4 Source: Colliers International Research Table 7: Serviced apartment, Market summary Figure 7: Serviced apartment, Average rental rate Figure 8: Serviced apartment, Occupancy rate 70 75 80 85 90 95 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 F Dec-15 F % Grade A Grade B 15 20 25 30 35 40 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov. F Dec. F 2015 USD/sqm/month Grade A Grade B
  11. 11. Table 8: Significant Serviced Apartment Projects No. Project Name Address Location Completion Year Total Room Average Occupancy ARR(*) (**) 1 The Landmark 5B Ton Duc Thang District 1 1995 66 84.0% 26 2 Sedona Suites 65 Le Loi District 1 1996 89 89.0% 30 3 Somerset Chancellor Court 21-23 Nguyen Thi Minh Khai District 1 1996 172 94.0% 26 4 Nguyen Du Park Villas 111 Nguyen Du District 1 2004 41 98.0% 30 5 The Lancaster 22-22 Bis Le Thanh Ton District 1 2007 55 75.0% 37 6 Intercontinental Asian Saigon 39 Le Duan District 1 2009 260 95.0% 36 Grade A 683 91.5% 31.5 1 Norfork Mansion 17-21 Ly Tu Trong District 1 1998 126 96.0% 33 2 Saigon Sky Garden 20 Le Thanh Ton District 1 1998 154 86.0% 26 3 Somerset HCM 8A Nguyen Binh Khiem District 1 1998 165 95.0% 34 4 Diamond Plaza 34 Le Duan District 1 1999 42 95.0% 29 5 Garden View Court 101 Nguyen Du District 1 2000 76 82.0% 31 6 Ben Thanh Luxury 172-174 Ky Con District 1 2010 88 91.0% 18 7 Lafayette De SaiGon 8 Phung Khac Khoan District 1 2010 18 89.0% 28 8 Vincom Center 45A Ly Tu Trong District 1 2010 60 34.0% 26 9 Nikko Saigon 235 Nguyen Van Cu District 1 2011 54 100.0% 27 10 Saigon City Residence 8A/3D2 Thai Van Lung District 1 2011 17 93.0% 34 11 Spring Court 1Bis Phung Khac Khoan District 1 2011 14 87.0% 19 Grade B 814 87.3% 28.6 OCTOBER 2015 | SERVICED APARTMENT ©2015 Colliers International Research CBD MONTHLY MARKET REPORT Page 11 (*) US/sqm/month (**) ARR (Average Rental Rate): All rents are stated in gross rents per sqm, not including VAT and serviced charge
  12. 12. COLLIERS INTERNATIONAL | VIETNAM HO CHI MINH CITY Bitexco Office Building, 7th Floor 19-25 Nguyen Hue Street District 1, HCM City, Vietnam Tel: + 84 8 3827 5665 HANOI Press Club Building, 4th Floor 59A Ly Thai To Street, Hoan Kiem District, Hanoi, Vietnam Tel: +84 8 3827 5665 502 offices in 67 countries on 6 continents Accelerating success DAVID JACKSON General Director david.jackson@colliers.com +84 8 3827 5665 About Colliers International Colliers International is a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and a shared sense of initiative, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We connect through a shared set of values that shape a collaborative environment throughout our organization that is unsurpassed in the industry. With more than 100 professionals in 2 offices in Vietnam, the team is market driven and has proven and successful track record with both international and local experience. From Hanoi to Ho Chi Minh City, we provide a full range of real estate services The foundation of our services is the strength and depth of our experience. Publication Coverage Frequency Content Availability Research Forecast Report Vietnam Cities Quarterly All market sectors Publicly available CBD Report HCMC CBD Monthly Office, Retail, Hotel and Serviced Apartment Publicly available Asia Pacific Office Report Asia Pacific including Vietnam Quarterly Office market Publicly available Vietnam Property Market Report Vietnam cities Quarterly All market sectors On subscription Development Recommendation Vietnam cities At request All market sectors On subscription $2.30 billion in annual revenue 1.7 billion square feet under management 16,300 professionals and staff This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, represen- tations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2015. All rights reserved. For further information, please contact us: VIETNAM | RESEARCH FORECAST REPORT ©2015 Colliers International Research www.colliers.com/vietnam HA VO Senior Research Analyst ha.vo@colliers.com +84 8 3827 5665

×