Property

Property Market Market Bulletin – East Region

Bulletin
March 2019
East Region
1Q 2019

HO CHI MINH| ECONOMIC UPDATE

HCMC 1Q19 Y-O-Y The economy is expected to growth higher
GRDP growth 7.6% 0.0% According to HCMC Statistics Office, the city’s real GDP
Services growth 7.7% -0.3%
growth reached 7.64% in 1Q19. This figure is predicted
Industry - Construction growth 7.4% 0.2%
to increase in the 2H19 due to ease of the US-China
Agriculture-Forestry-Fishery Growth 5.2% -0.6%
tension and the upward trend of foreign investment.
CPI 3.7% 1.5%
Index of Industrial Production (IIP) 6.2% 0.2%
Export (billions USD) 9 5.7%
Real Estate - attractive investment channels
Import (billions USD) 10.8 1.3%
During the first quarter of 2019, 785 foreign direct
Foreign investment capital (millions USD) 350.5 24.7%
investment (FDI) projects were licensed in Viet Nam with
Total retail sales (billions USD) 8.2 13.5%
the total registered capital of US$3.821 billion, up 27%
FDI into Vietnam in 1Q2019
in the number of projects and 80.1% of capital against
11.7%
the same period last year; in which, real estate ranks
13%
second to Manufacturing sector.

75%

Processing Manufacturing (US$ 2.88 billions)

Real Estate (US$ 497.7 millions)
Other sectors (US$ 447.2 millions)
Source: GSO

EAST REGION PROPERTY MARKET OVERVIEW

Residential

Apartment for Sale (*)

Units
6000
5000
4000
3000
2000 No new Luxury and Affordable supply to Primary
1000 Market in East Region.
0 In the first quarter, East Region saw new release of more
Luxury High-end Mid-end Affordable
than 1,500 units to High-end and Mid-end segments. In
Outstanding stock New supply
which, most of new Mid-end developments come from
Thu Duc while the new High-end supply belongs to
Source: Vietvalues Consulting and Research Department
District 2.
(*) Luxury: >3500 US$/sqm High-end: 1500 – 3500 US$/sqm
Affordable: <800 US$/sqm Mid-end: 800-1500 US$/sqm
 Property Market Bulletin – East Region
March 2019

Villa/Townhouse
Units US$/sqm Villa/townhouse residences mainly located in East
800 10,000
Region
8,000
600 Villa/townhouse in East region accounts for 80% of total
6,000 outstanding stock in HCMC with average asking price at
400
4,000 US$ 3,159 /sqm. District 9 has been known as the
200
2,000 emerging district with the mass projects developed,
0 - whose quantity is higher than the others of East region.
East HCMC
Outstanding Stock Average Price Most of them are located in Phu Huu, Phuoc Long B and

Source: Vietvalues Consulting and Research Department

Hiep Phu ward, where is near district 2.

Office
Net Office Leasable Area in East Region
Sqm US$/sqm/month
District 2 – new offices’ destination
40,000 20 In 2019, within the hand over of Thaco Building, the total
office leasable area in District 2 has increased to 55,000
20,000 10
sqm. At present, no grade A office is developed.

- 0
Grade B Grade C
Net Leasable Area Price
Source: Vietvalues Consulting and Research Department

Industrial Park Potential development of Industrial Real Estate in

Number of Rental price Occupancy rate East Region
Location
projects (USD/sqm/term) (%)
The occupancy rates of the industrial parks in East
Dist. 9 1 180 100% region accounts for 100%. With the advantage of being
Dist. 2 1 90 100% near the district 1, the region is a promising destination
Thu Duc 3 93 100% for new industrial projects.

Source: Vietvalues Consulting and Research Department

Vietvalues Appraisal and For Details, Please Contact: Our Services:

Consultant Ltd Company LE QUOC HUNG - Market Research
HCMC Office: Managing Director - Investment Consultancy
Address : Suite 1202, Citilight Tower, Mob: +84 906 787 134 - (028) 3820.6616 - Real Estate Valuation
45 Vo Thi Sau, D1, HCMc Email: quochung@vietvalues.com.vn - M&A Agency
Tel : +84 (8) 3820.6616 – 3820.8818 - Company Valuation
Fax : +84 (8) 3820 5515
- Equipment Valuation
DUONG HUYNH ANH
Research Analyst
Mob: +84 901 39 91 95 - (028) 3820.6616
Email: anhduong@vietvalues.com.vn

We would like to express our special thanks to Quang Nguyen for the supports in completing this report.
The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made, the accuracy of the whole or any part can not be
guaranteed, represented and taken responsibility. Readers are encouraged to consult their professional advisors before acting on any of the materials contained in this report.