Property

Property Market Market Bulletin – West Region

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

WEST REGION PROPERTY MARKET OVERVIEW

Residential

Apartment for Sale (*) US$ psqm

Units
1000 1200
800 1000
800
600
600
400
400
200 200
0 0 New launches come from Affordable segment.
Mid-end Affordable
Almost 1,100 units of Affordable segment were
Outstanding stock Average Price
launched in 1Q19 and over 2,600 units from Mid-end
Source: Vietvalues Consulting and Research Department apartments are expected to launch in the second half
of this year. In general, Mid-end apartments still
(*) Luxury: >3500 US$/sqm High-end: 1500 – 3500 US$/sqm dominate the West region market with 10,888 sold
Affordable: <800 US$/sqm Mid-end: 800-1500 US$/sqm
units at the average price of US$ 982 /sqm.
 Property Market Bulletin – West Region
March 2019

Demand on Villa/Townhouse and Land Plots

Units Land Plots gain masses of absorption
2000
About 76% of primary land plots is taken up. In the near
1500 future, more than 1,000 landed properties will be

1000 launched to satisfy high demand of investors. The

supply of villa/townhouse project is expected to
500
increase 290 dwellings in 2019 and 180 dwellings in
0 2020.
Villa/Townhouse Land Plots
Future Supply Take-up

Source: Vietvalues Consulting and Research Department

Industrial Park
Number Total Rental price
INDUSTRIAL Occupancy
Location of area (USD/sqm/lease New large IP projects will solve the deficient
PARK rate (%)
projects (ha) term)
manufacturing spaces.
Binh Chanh - - - -
The average occupancy rate of IP in West region is
Current District 7 1 300 96% 270
nearly 98%. In the project, 804.3 ha of industrial park
Nha Be 2 908 80% 140
in the West region will be handed over to the tenants.
Binh Chanh 1 148.4 - -
These launches will help solving the pressure on
Future District 7 - - - -
deficient vacant lands in the next few years.
Nha Be 1 393 - -

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.