Keyword: "CBRE"

As Thailand cements its place as Southeast Asia's leading luxury market, the synergy between tourism and retail will remain a defining factor in shaping the industry's future.

The primary selling prices of condominiums in Hanoi experienced a sharp 36% year-on-year and 12% quarter-on-quarter increase in 2024, according to CBRE Vietnam, a foreign real estate service company.

Apartment absorption was relatively positive in Hanoi in the first quarter but weaker in Ho Chi Minh City compared to the same period last year while supply remains limited in both metropolises, reported real estate services and investment company CBRE.

The recently released 2024 Asia-Pacific investor intentions survey by CBRE shows that the real estate market of Vietnam ranks second among the top three preferred emerging markets, following India and preceding Thailand, in the region.

The condominium supply in Ho Chi Minh City will reach a record low in 2023 with only about 9,000 new units from 200 projects, experts said.

Ho Chi Minh City's commercial property market has returned to its growth trajectory from before the COVID-19 pandemic, with positive signals seen in the office market, according to real estate firm CBRE.

Office space for lease in Ho Chi Minh City in the first half of 2022 continued to make a recovery with a total net absorption area of about 21,000 sq.m, equivalent to 38% of 2021, although the new supply remained limited, according to real estate firm CBRE.

Strong demand will ensure stable absorption of office space in Hanoi in the second half of 2022, according to real estate services firms CBRE.

The primary prices of apartments are likely to increase about 5 – 7 percent annually over the next three years due to higher product positioning and expectations for more launches of high-end apartments in prime and central locations, according to CBRE Vietnam.

Strong construction activities in many different types of property and areas in Hanoi signal the strong recovery of the capital’s real estate market from this year onwards, according to CBRE Hanoi Branch Director Nguyen Hoai An.

There was an increase in interest in Ho Chi Minh City which ranked sixth among Asia Pacific investors’ most preferred property markets for investors, according to a survey by market research firm CBRE polling more than 490 Asia Pacific-based investors in November and December 2020.

Singapore is the second most preferred city in Asia-Pacific for cross-border investments this year, according to the CBRE 2021 Asia Pacific Investor Intentions Survey.

Ho Chi Minh City has been ranked fifth as Asia Pacific investors’ most preferred market for investments by CBRE Group, Inc.

Vietnam’s industrial zones property located near the sea is attracting great attention to investors as they maintain high occupancy rates and rental prices, heard attendants at a recent Hanoi conference.

Ho Chi Minh City’s office market has started to feel the effects of the COVID-19 pandemic, with grade A buildings impacted more than grade B, experts have said.

Vietnam has emerged as a popular destination for industrial property projects as increased labour costs, trade disputes and COVID-19 prompt global manufacturers to vary their supply chains throughout Asia, according to CBRE.

Prime office real estate in Singapore’s central business district (CBD) is highly susceptible to the risk of flooding as sea levels rise due to global warming, property consultants CBRE said in a report on July 23.

The new launch of condominiums in the second quarter of this year (Q2) nearly tripled that of the previous quarter, showing recovery of sales activities, according to CBRE Vietnam's quarterly report on the Hanoi market released at a recent online press conference.

Vietnamese landlords should consider shifting from their traditional fixed-rent model to base rents and revenue sharing like in many other countries to spread the risk, experts have suggested.

Around 61 percent of respondents have not been offered relief by landlords, a flash survey of the impacts of COVID-19 done by CBRE has found.