savills vietnam - eventbank · best real estate agency in viet nam & apac 8 consecutive years...
TRANSCRIPT
HA NOI
DA NANG
HCMC
Over 22 years First to Market
68,000 sqm Leased in 2016
US$ 200 mil2016 residential sales
SAVILLS VIETNAM
Over 5.2 M sqm under Savills management
The most innovative Advisory Services in Viet Nam
Over USD 100M paNumber one for transactions
EVOLVINGModern retail supported by a large young populationand an expanding economy
• 2nd highest urban population in the region and growing.• Consistently high GDP growth.
GDP Growth %
Urban Population 2016 (Mil)
% Urbanisation
Spending Consumption growth (%) 201645.3
4.95.0
141IND
ON
ES
IA54%
6.17.045.3
PHIL
IPPI
NES
44%
7.3
MYA
NM
AR
18.5
35%
2.93.135.8TH
AILA
ND 52%
LAOS
7.32.7
40%
VIET
N
AM
6.77.031.5
34%
7.06.73.3
21%
CAM
BO
DIA
1.90.65.6
100%
SIN
GAP
ORE
5.06.023.3
75%
MAL
AYSIA
-0.61.90.3
78%
BRU
NEI
40%
Key
2
HA NOI
DA NANG
HCMC
Over 22 years First to Market
68,000 sqm Leased in 2016
US$ 200 mil2016 residential sales
SAVILLS VIETNAM
Over 5.2 M sqm under Savills management
The most innovative Advisory Services in Viet Nam
Over USD 100M paNumber one for transactions
EVOLVINGModern retail supported by a large young populationand an expanding economy
• 2nd highest urban population in the region and growing.• Consistently high GDP growth.
GDP Growth %
Urban Population 2016 (Mil)
% Urbanisation
Spending Consumption growth (%) 201645.3
4.95.0
141IND
ON
ES
IA54%
6.17.045.3
PHIL
IPPI
NES
44%
7.3
MYA
NM
AR
18.5
35%
2.93.135.8TH
AILA
ND 52%
LAOS
7.32.7
40%
VIET
N
AM
6.77.031.5
34%
7.06.73.3
21%
CAM
BO
DIA
1.90.65.6
100%
SIN
GAP
ORE
5.06.023.3
75%
MAL
AYSIA
-0.61.90.3
78%
BRU
NEI
40%
Key
Savills Vietnam | 3
Retail Density (m2/pax) | Source: Savills
Source: GSO, 2017
EVOLVINGLow retail density with growth potential to catch regional peers.
Overpriced, Unavailable? Shoppercations Affecting Performance
Source markets
15.4
12.7
11.1
9.9
9.4
8.7
8.3
7.3
6.8
6.6
3.5
Singapore
Bangkok
Tokyo
Taipei
Seoul
Bali
Phuket
KualaLumpur
Sydney
Hongkong
HCMC
Chinese27%
South Korea15%
US Taiwan6% 5%
Japan7%
Top ten APAC cities by tourist spend (US$ billion)
Source: Mastercard, 2017
Source: GSO, 2017
US$18 US$7.5 Inbounds Vietnamese touristsoverseas spendbillion billion
1
2
3
4
5
6
7
8
9
10
20
International visitor yearly growth up: 18%.
Bangkok Singapore Beijing Kuala Lumpur Jakarta Ha Noi HCMC
0.89 0.75 0.65 0.64 0.44 0.17 0.13
4
Retail Density (m2/pax) | Source: Savills
Source: GSO, 2017
EVOLVINGLow retail density with growth potential to catch regional peers.
Overpriced, Unavailable? Shoppercations Affecting Performance
Source markets
15.4
12.7
11.1
9.9
9.4
8.7
8.3
7.3
6.8
6.6
3.5
Singapore
Bangkok
Tokyo
Taipei
Seoul
Bali
Phuket
KualaLumpur
Sydney
Hongkong
HCMC
Chinese27%
South Korea15%
US Taiwan6% 5%
Japan7%
Top ten APAC cities by tourist spend (US$ billion)
Source: Mastercard, 2017
Source: GSO, 2017
US$18 US$7.5 Inbounds Vietnamese touristsoverseas spendbillion billion
1
2
3
4
5
6
7
8
9
10
20
International visitor yearly growth up: 18%.
Bangkok Singapore Beijing Kuala Lumpur Jakarta Ha Noi HCMC
0.89 0.75 0.65 0.64 0.44 0.17 0.13
Ha Noi & HCMC forecast.
CBD
Non CBD
52%
27%
10%
15%
15%
6%
18%
57%
Occupancy
Vacant
Supermarket
Shopping Centre
Others
Deparment Store
98%
HA NOI2%
HCMC
87%
13%
45% 50%
30%27%
14%
16%
8%
9%
HCMC developing faster
Shopping centres dominate
High CBD premium supply
Abundant supply Abundant competition
2010
2017
2010
2017
Annual averagetake up 2014 -2016
Supply2018 - 2020
70,000m2
760,000m2HA
NO
I
Annual averagetake up 2014 - 2016
Supply2018 - 2020
120,000m2
650,000m2HCM
C
85%
15% US$35/m2/mth
94%
6%US$53
/m2/mth
Savills Vietnam | 5
Demographics, Globalisation & Technology
Large, growing youth skewed labour force changing demand dynamics
Tech users
Source: GSO, 2016
2009
2025
14%
64%
22%
67%
24%9%
0-14 15-59 60+
20162007
• Internet user (% Pop)
• Smartphone user (% Pop)
52%
20%
• Increasing credit card use
38%
Spare Time Online
Spare Cash Spend
Family
52% 48%
Smartphone
24%
Laptop/pc
21%
Sport &exercise
27%
Friends
12%
TV
9%
Music
2%
Other
38%
Fashion
32%
Hi-tech
41%
Travel
34%
Home Style
37%
Entertainment
9 Mil
Source: Ministry of Communication, 2017
Source: Infocus Mekong, 2017
Source: Nielsen, 2016
Source: Statebank, 2017
EVOLVING
6
Demographics, Globalisation & Technology
Large, growing youth skewed labour force changing demand dynamics
Tech users
Source: GSO, 2016
2009
2025
14%
64%
22%
67%
24%9%
0-14 15-59 60+
20162007
• Internet user (% Pop)
• Smartphone user (% Pop)
52%
20%
• Increasing credit card use
38%
Spare Time Online
Spare Cash Spend
Family
52% 48%
Smartphone
24%
Laptop/pc
21%
Sport &exercise
27%
Friends
12%
TV
9%
Music
2%
Other
38%
Fashion
32%
Hi-tech
41%
Travel
34%
Home Style
37%
Entertainment
9 Mil
Source: Ministry of Communication, 2017
Source: Infocus Mekong, 2017
Source: Nielsen, 2016
Source: Statebank, 2017
EVOLVINGGlobalization and international exposure encourages diversity and more brands
Adapting to & loving online retail
3%
4brands
38%
32%
17%
9%
149brands
2007 2016
Global brands eyeing Viet Nam. F&B, retail and services leading the charge.
Source: National Office of Intellectual Property of Viet Nam
Source: VECITA, 2017
Source: VECITA, 2017
Click & Buy E-commerce diversifying
2015 2020f
US$4 BIL
US$11 BIL
2013 2016
647
9013 13
13,510
682
9320
Online auction
Online shop Online promotion
Online trading
Special retail store
Restaurant
Education
Manufacturing
Services
Savills Vietnam | 7
Source: Euromonitor, 2017
Themerestaurants
23% ArtGallery13%
Clinic1%Outdoor
sport11%
Pet park15%
Organicgreenhouse
16%
Live Music9%
Indoor Sport11% Science
Museum1%
Consumption 2011 - 2016
Convenience store density (,000/store)
Wanting More
10% 10%
-2%7%
18%
13%
17%
Japan 2.3
Taiwan 2.4
Hongkong 5.3
Singapore 6.2
Thailand 6.9
China 24.9
Vietnam 54.4
Phillipines 40.9
Australia 8.7
Malaysia 7.4
Newzealand 3.1
South Korea 2.1 Source: Savills, Nielsen & National statistics, 2016
Source: Savills survey, 2017, sample size: 500
EVOLVING
Electronics Pharmacies JewelleryApparealModernGrocery
Lifestyle& Beauty
Leisure
8
AWARD WINNINGINTERNATIONAL RECOGNITION
Best Property Consultancy in Viet Nam8 consecutive years 2010 to 2018
Best Real Estate Agency in Viet Nam & APAC 8 consecutive years 2010 to 2017
Savills retained its title as The Times Graduate Employer of Choice for Property for ninth
consecutive year.
Savills has topped the real estate agents/advisors in the 2017 UK
Business Superbrand chart for the eighth consecutive year.
Ahead of all industry competitors
Savills Vietnam | 9
Sustainable retail development. When revenue exceeds gross occupancy cost. (GOC).
Total Selling Price
Margin
Construction
Land Cost
Investment Cost
OPERATING
DEVELOPMENT
Population DisposableIncome
FixedExpanses
DiscretionarySpending
CategoriesClothing
F&B
Health
ECONOMIC RENT
%
Entertainment
%
%
%
NOI
Net Lettable Areas (NLA) x $/m2 Rent
Net Operating Income (NOI) / % YIELD
Sales/Revenue
Gross OccupancyCost
AFFORDABLERENT
MARKETRENTMARKET
COMPARABLESAND BENCHMARKING
GOC
$/m2A. $/m2
B. $/m2
C. $/m2
Insurance
Tax
Wages
Rent
(Net Operating Income)
10
NOI
Net Lettable Areas (NLA) x $/m2 Rent
Net Operating Income (NOI) / % YIELD
Sales/Revenue
Gross OccupancyCost
AFFORDABLERENT
MARKETRENTMARKET
COMPARABLESAND BENCHMARKING
GOC
$/m2A. $/m2
B. $/m2
C. $/m2
Insurance
Tax
Wages
Rent
(Net Operating Income)
Savills Vietnam | 11
OUR SERVICES
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Troy GriffithsDeputy Managing Director
+84 (0) 933 276 [email protected]
Do Thu HangAssociate Director - Ha Noi
+84 (0) 912 000 [email protected]
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