asia pacific real estate market outlook 2020 | vietnam ... · luxury: > us$4,000 psm high end:...
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ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
HCMC
Residential Market
LUXURY: > US$4,000 psm
HIGH END: US$2,000 – 4,000 psm
MID END: US$1,000 – 2,000 psm
AFFORDABLE: < US$1,000 psm
(Not incl. VAT)
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
2010
District 4
District 5CBD
Binh Thanh
Thu Thiem
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Binh Thanh
Thu Thiem
District 4
CBD District 5
2010
7.2 million ppl
Population
Landed house (*)
2,414 units
Condominium (*)
58,150 units
(*) Accumulated Supply
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
District 4
District 5CBD
Binh Thanh
Thu Thiem
2019
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
District 4
District 5CBD
Binh Thanh
Thu Thiem
20192019
8.9 million ppl ▲ 23%
Population
Landed house (*)
16,665 units ▲ 7x
Condominium (*)
286,784 units ▲ 5x
(*) Accumulated Supply
Compared to 2010 stats
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Limited New
Launch Supply
Due to
Licensing Issue
2019 KEY STORIES
More Active
Secondary
Market Due To
Lack Of
Primary Supply
Inventory was
Absorbed
Gradually
Selling Prices
Increase
Across All
Segments
Expansion to
neighboring
provinces and
suburban
districts
L i c ens ing
I s sue
Good
Pe r fo rmance
New Pr i ce
Le ve l
Se condar y
Ma rke t
Fu r the r
Lo ca t ions
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
MARKET SNAPSHOT 2019
(*) Selling price: US$ psm (exclude VAT and quote on NSA)
AffordableHigh-endLuxury
NEW LAUNCH
SELLING PRICE
(*)
SOLD UNITS
14 projects
6,755 units
▼ 17% y-o-y
6 projects
1,605 unit
▲ 30% y-o-y
2,549 US$ psm
▲ 10% y-o-y
6,910 units
▼ 23% y-o-y
1,270 units
▲ 21% y-o-y
Mid-end
15 projects
17,852 units
▲ 21% y-o-y
1,442 US$ psm
▲ 14% y-o-y
20,014 units
▲ 29% y-o-y
1 project
480 units
▼ 92% y-o-y
898 US$ psm
▲ 8% y-o-y
1,680 units
▼ 72% y-o-y
6,308 US$ psm
▲ 12% y-o-y
Source: CBRE Research.
Total sold units: 29,874
Newly launched units: 26,692 from 36 projects
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Limited New Launch
Supply Due to
Licensing Issue
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
-
10
20
30
40
50
60
70
80
90
0
5
10
15
20
25
30
35
40
45
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Num
ber of proje
cts
New
la
unch supply
('0
00
units)
Luxury High-end Mid-end Affordable Number of project
LIMITED NEW LAUNCH SUPPLY DUE TO LICENSING ISSUE
HCMC Condominium, New launch Supply by Segment
Source: CBRE Research.
26,692 units
▼ 13% y-o-y
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
2
11
3
4 5
14
13
19
2021
15
27
32
BINH CHANH
1
6
7
8
9
10
12
15
16
17
22
23
24
25
26
28
29
30
31
33
34
35
36
6
14
15
1
Luxury
High-end
Mid-end
Affordable
1
2
3
4
5
6
7
8
9 10
11
Landed: 925 units in 11 projects
Condominium: 26,692 units in 36 projects
The East continued to lead the market
MAP OF NEW LAUNCH BY DISTRICT IN 2019
11 Landed property
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Inventory was
Absorbed
Gradually
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
0
500
1,000
1,500
2,000
2,500
3,000
3,500
20
14
20
15
20
16
2017
20
18
20
19
Num
ber of units
Supply Sold units
0
5
10
15
20
25
30
35
40
45
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
20
18
20
19
Num
ber of unit ('0
00
)
Supply Sold units
STRONG DEMAND
Source: CBRE Research.
HCMC Condominium, New launch supply vs. Sold units
Launch: ▼ 12% y-o-y
Sold: ▼ 5% y-o-y
HCMC Landed Property , New launch supply vs. Sold units
Launch: ▼ 35% y-o-y
Sold: ▼ 68% y-o-y
Source: CBRE Research.
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
INVENTORY ABSORBED GRADUALLY
HCMC Condominium, Inventory By Year HCMC Condominium, Inventory In Q4 2019
5%
95%
Unsold Sold
Total supply:
286,784 units*
* Accumulated supply since 1999.
Source: CBRE Research.
Unsold stocks:
13,656 units (▼15% y-o-y)
0
5
10
15
20
25
2016 2017 2018 2019
Num
ber of units (‘0
00
)
Luxury High-end Mid-end Affordable
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
BUYERS PROFILE BY CBRE’S TRANSACTIONS
HCMC, Buyers by Purpose, Transactions by CBRE
(*) Note: The analysis above is based on CBRE Vietnam’s residential closed deals and should not be used as a marketwise benchmark
Source: CBRE Research.
HCMC, Buyers by Unit Type, Transactions by CBRE
0% 20% 40% 60% 80%
2019
2018
2017
2016
2015
2014
1BR 2BR 3BR 4BR Duplex Penthouse
0% 20% 40% 60% 80%
2019
2018
2017
2016
2015
2014
End-user Buy-to-let Buy-to-gain
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
New Pricing Level
Across The Market
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
-
500
1,000
1,500
2,000
2,500
3,000
2017 2018 2019
787 835 898
1,149 1,265 1,442
2,194 2,313
2,564
Prim
ary
pri
ce (
US
$ p
sqm
)
PRIMARY PRICES INCREASE DUE TO LACK OF NEW SUPPLY
HCMC Condominium, Primary Selling Price
(*) Selling price: US$ psm (exclude VAT and quote on NSA)
Source: CBRE Research.
HIGH END
US$2,549
▲ 10% y-o-y
MID END
US$1,442
▲ 14% y-o-y
AFFORDABLE
US$898
▲ 8% y-o-y
LUXURY
US$6,308
▲ 12% y-o-y
2017 2018 2019
4,873 5,641
6,308
PRIM
AR
Y P
RIC
E (
US
$ P
SQ
M)
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
PRIMARY PRICES INCREASE IN KEY AREAS
(*) Selling price: US$ psm (exclude VAT and quote on NSA)
Source: CBRE Research.
Binh Thanh
▲ 14% - 18%
Thao Dien, D.2
▲ 10% - 15%
An Phu, D.2
▲ 15% - 20%
Thu Thiem, D.2
▲ 18% - 23%
Image: https://thongtincanho.com.vn
District 4
▲ 10% - 14%
District 1
▲ 10% - 15%
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
PRIMARY PRICES INCREASE IN KEY AREAS
(*) Selling price: US$ psm (exclude VAT and quote on NSA)
Source: CBRE Research. Image: Cafef Bat Dong San
Phu My Hung,
D.7
▲ 8% - 12%
Nha Be Suburban
▲ 9% - 13%
Tan Thuan Tay,
D.7
▲ 7% - 10%
Phu Thuan,
D.7
▲ 13% - 17%
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
SO DO SECONDARY PRICES
(*) Selling price: US$ psm (exclude VAT and
quote on NSA)
Collected from anecdotal evidences
Source: CBRE Research.
Binh Thanh
▲ 10% - 35%
Thao Dien, D.2
▲ 20%- 65%
An Phu, D.2
▲ 20%- 40%
Thanh My Loi, D.2
▲ 15% - 30%
Thu Thiem, D.2
▲ 36% - 91%
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
MARKETING CAMPAIGNS AND ADDED VALUE FEATURES
Vingroup offers VinFast cars to home buyers
Vinhomes residents received Vsmart phone as a New Year gift
Sunshine Group designed 'smart city' in the 1.2 billion USD project
Model home provides model wife and model daughter so you can feel the joy of family life (Japan)
Smart parking apps
Artificial ocean in township project
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Expansion to
suburban districts
and neighbouring
provinces
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.Source: CBRE Research, Q3 2019.
EMERGENCE OF SUBURBAN DISTRICTS
AND PROVINCIAL MARKETS
New township projects has been continuously launched in provinces surrounding HCMC
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
NEW FACE OF SUBURBAN DISTRICTS
AND PROVINCIAL MARKETS
Aqua City Swan ParkVinhomes Grand Park
Swan BayWaterpoint City
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
0
5
10
15
20
25
30
35
40
45
2015 2016 2017 2018 2019 2020F 2021F 2022F
Num
ber of units (‘0
00)
New launch supply Sold units
Forecast
MARKET OUTLOOK
HCMC Condominium, Forecast on New Launch Supply and Sold Units
Source: CBRE Research.
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
0
500
1,000
1,500
2,000
2,500
3,000
3,500
20
17
20
18
2019
20
20
F
20
21
F
20
22
F
Prim
ary pric
e (U
S$
psm
)
MARKET OUTLOOK
HCMC Condominium, Forecast on Selling Price
Source: CBRE Research.
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
20
17
20
18
20
19
20
20
F
20
21
F
20
22
F
Prim
ary pric
e (U
S$
psm
)
Forecast Forecast
▲ 10% y-o-y
▲ 5% y-o-y
▲ 5% y-o-y
▲ 2% y-o-y
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
TO SUM UP 2019
Supply
MARKET
SLOWDOWN
Demand
Violations
Land
bank
Credit
tightening
Good
economic
results
Licensing
issue
Infrastructure
delay
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
SCENARIOS FOR 2020
OBSTACLES REMOVED
C O N T I N U E D L AC K O F S U P P LY
Suburban/
regional
market
Investors looking for
other channels/markets
Active secondary market
– threat of overvaluation
High
selling price
Inventory
drying up
Burden of supply
Lack of control
Inventory
increases
Concern on
product
quality
Weak rental
market
Weak
secondary
market
Competitive
selling price
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Developers are well-positioned
to increase profits thanks to
the shortage of existing condos
for sale
Investor has more incentive to sell
due to higher margin on the
secondary market
Demand heats up, driven by the
growing number of millennials
entering the market.
2020 will be a challenging year
for buyers, not because of what
they can afford but rather what they
can’t find
MARKET OUTLOOK 2020
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | [Vietnam] CBRE RESEARCH | © 2020 CBRE, INC.30
VIETNAM 2030
HOME AUTOMATION IS THE NORM FOREIGN BUYER CAP INCREASES TO 50%
VIETNAM NATIONAL FOOTBALL TEAM
TO PLAY IN WORLD CUP
WAITING FOR METRO TO
COME HOME
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | [Vietnam] CBRE RESEARCH | © 2020 CBRE, INC.31
HCMC
LUXURY
SEGMENTAN INSIGHT INTO THE LUXURY SEGMENT
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | [COUNTRY] CBRE RESEARCH | © 2020 CBRE, INC.
WHAT
DEFINES
LUXURY?
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.Source: Luxury Defined 2018, Christie’s International Real Estate
“Luxury is in-
town living with
elevated views”
“Luxury is
tech-
convenient”
“Luxury tech
makes life
more
enjoyable”
“Luxury is
not always
bigger”“Luxury is
raising
expectations”“Luxury is
looking up ”
“Luxury is
energy
efficient”
“Luxury apartments
are bought for
lifestyle”
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
LOCATION, LOCATION AND LOCATION
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
PERFECT VIEW
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
TOP-OF-THE-LINE QUALITY & DESIGN
Infinity pool with a private water slide
@ Odeon Penthouse, Monaco
An unique
column-free
curving design
@ One
Thousand
Museum,
Miami
The World
Tallest
Vertical
Garden
@ One
Central Park,
Sydney
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
One Hyde Park, London
64 units
A UNIQUE LEVEL OF EXCLUSIVENESS
The Marq On Paterson Hill,
Singapore
• Private elavator
• Private lap pools
Porsche Design Tower,
Miami
• Automated car
elevators
• No valet required,
residents’ vehicles
are self-accessible,
allowing highest
level of privacy
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
ULTRA MODERN AMENITIES
Tech Lover’s Paradise
•
•
•
Hotelisation
•
•
•
•
•
•
•
•
•
•
Unparalleled Convenience
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Face ID system
Fully automated mechanised car-park systemCamera and Face ID system
100% SAFETY AND SECURITY
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Branded Décor MaterialBranded Residences
BRANDED
Living room decorated by Hermès
Ralph Lauren styled home option
Branded Finishing Material
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
LUXURY MEANS …
LOCATION
PERFECT VIEW
TOP-OF-THE-LINE
QUALITY & DESIGN
A SENSE OF
EXCLUSIVENESS
BRANDED
100% SAFETY AND
SECURITY
ULTRA MODERN
AMENITIES
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | [COUNTRY] CBRE RESEARCH | © 2020 CBRE, INC.
VIETNAM
LUXURY
CONDOS
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
VIETNAM: DEFINED MAINLY BY PRICING LEVEL
0
3,000
6,000
9,000
12,000
15,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Primary Selling Price of Luxury Condo in HCMC (US$ psm)
Min price Max price
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
20PROJECTS
A N D
7,000
UNITS
0
6
12
18
24
0
2,000
4,000
6,000
8,000
2004 2009 2014 2015 2016 2017 2018 2019
Num
ber of proje
ct
Num
ber of unit
Number of unit Number of project
Luxury segment, New launch supply vs. Sold units
A DAWN OF THE LUXURY SEGMENT IN HCMC
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
LUXURY SUPPLY ACCOUNTS FOR ONLY 3%
(*): Accumulative launches since 1999, including both completion and under construction units, sold and unsold units.
Source: CBRE Vietnam, Q4 2019.
304,267 units286,784 units*
1%
20%
57%
23%
AFFORDABLE
MID END
HIGH END
LUXURY
HCMC HANOI
- Affordable: <US$1,000 psm
- Mid-end: US$1,000 – 2,000 psm
- High-end: US$2,000 - $4,000 psm
- Luxury: >US$4,000 psm
28%
44%
25%
3%
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Vinhom
es
Golden River
The M
etropole
Em
pire C
ity
Vinhom
es
Dong K
hoi
Grand M
anhattan
Landm
ark 8
1
The V
ERTEX
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
SOLD UNITS – FUTURE CBD IS NEW HOT SPOT
Luxury segment, New launch supply vs. Sold units
Source: CBRE Research.
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Sold
rate
(%
)
Num
ber of units
Accumulated sold Accumulated launch Sold rate
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
LUXURY BUYER PROFILES BASED ON TRANSACTIONS BY CBRE
40% end-user
68%
6%
6%3%
3%
(*) Note: This analysis is based on CBRE
Vietnam’s residential closed deals and
should not be used as a marketwise
benchmark
Source: CBRE Research.
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
A POSITIVE PRICE GROWTH AND CAPITAL GAIN
Average
Price
US$6,308 psm
Price
Growth
12% y-o-y
Capital
Gain
~30% in three years
Rental
Yield
3% - 4%
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | [COUNTRY] CBRE RESEARCH | © 2020 CBRE, INC.
REGIONAL
COMPARISON
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Decline Accelerating Decline Slowing Growth Accelerating Growth Slowing
Kuala Lumpur
Bangkok
Ho Chi Minh
Jakarta
Singapore
Hanoi
Source: CBRE Research.
SEA PRIME RESIDENTIAL PRICE CYCLE
(Q3 2019)
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
HCMC IS
STILL
ATTRACTIVE
AMONG SEA
MARKET
HCMC
Price
Sales Vol
Hanoi
Price
Sales Vol
Jakarta
Price
Sales Vol
Singapore
Price
Sales Vol
Kuala Lumpur
Price
Sales Vol
Bangkok
Price
Sales Vol
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | [COUNTRY] CBRE RESEARCH | © 2020 CBRE, INC.
MARKET
OUTLOOK
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
16/03/2019
Source: retrieved from Bloomberg, The Saigon Times, Business Insider, date 28th
June, 2019.
10/04/2019
19/02/2019
A HIGH
VALUE MARKET
TO FOREIGN
INVESTORS
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
HCMC IS A TOP MARKET TO WATCH
Source: PwC, Urban Land Institute
30/09/2019
Korean billionaires eye Vietnamese
real estate
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
RISING HIGH NET WORTH INDIVIDUALS
0
2
4
6
8
10
12
14
16
18
Nig
eria
Egypt
Bangla
desh
Vie
tnam
Pola
nd
Chin
a
Kenya
India
Philip
pin
es
Ukrain
e
Grow
th rate
(%
)
Source: Wealth-X
Top 10 fastest-growing high net worth countries
(2018-2023)Luxury car set up showrooms
Image: CBRE Research.
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
Hotelisation of
home space: hotel-
like living in the
house
Luxury no longer
means spacious,
rather it is a state of
mind
Eco-friendly
lifestyle will
lead the market
LUXURY HOME TRENDS
Branded
Residence to
attract foreign buyers
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
VIETNAM LUXURY CONDO 2030
Selling Price
US$35,000 psm
Central AIR PURIFIER
The first
RITZ-CARLTON residencePRIVATE LIFT is a Norm
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | [COUNTRY] CBRE RESEARCH | © 2020 CBRE, INC.
LUXURY IS
UNLIMITED
ASIA PACIFIC REAL ESTATE MARKET OUTLOOK 2020 | VIETNAM CBRE RESEARCH | © 2020 CBRE, INC.
THANK
YOU
For more information regarding this presentation please contact:
CBRE Vietnam Co., Ltd. – Research & Consulting
Disclaimer: All materials presented in this report, unless specifically indicated otherwise, is under copyright and proprietary to CBRE. Information contained herein, including projections, has been obtained
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