CB Richard Ellis | Page 5
Client Logo
Goes Here
VIETNAM TODAY
•
No Starbucks and No MacDonalds
• World leaders in pepper, coffee, cashew, shoes, fish/prawns, oil & gas exports
• No shortage of land, just good sites
• “If you build it, they will come” still exists but may not last much longer
• Many similarities to China in the early 90s in terms of work ethic, chaos on the
streets, migration of work force and market driven decisions
• Traffic, complete absence of infrastructure, MRT/MTR, bridges and tunnels
CB Richard Ellis | Page 6
Client Logo
Goes Here
HCMC OFFICE MARKET
HCMC Prime Office Stock End of Q1.2007
200,000
250,000
300,000
350,000
Q1/0
4
Q2/04
Q3
/0
4
Q4/04
Q1
/0
5
Q2
/0
5
Q3
/0
5
Q4/05
Q1
/0
6
Q2
/0
6
Q3/06
Q4
/0
6
Q1/0
7
s
q
m
Office Stock at the beginning of the quarter New supply during the quarter
CB Richard Ellis | Page 7
Client Logo
Goes Here
HCMC OFFICE MARKET
Prime Office Rental Index
0
20
40
60
80
100
120
140
160
Q1 98
Q2 98
Q3 98
Q4 98
Q1 99
Q2 99
Q3 99
Q4 99
Q1 00
Q2 00
Q3 00
Q4 00
Q1 01
Q2 01
Q3 01
Q4 01
Q1 02
Q2 02
Q3 02
Q4 02
Q1 03
Q2 03
Q3 03
Q4 03
Q1 04
Q2 04
Q3 04
Q4 04
Q1 05
Q2 05
Q3 05
Q4 05
Q1 06
Q2 06
Q3 06
Q4 06
Q1.07
Index (Q1 1998 = 100)
And the upward trend will continue due to:
• Growing demand
• Delays in new supply
US-VN Bilateral
Trade Agreement
CB Richard Ellis | Page 8
Client Logo
Goes Here
Major Buildings
Existing - Future
Centec
EVN
Vietcombank
Times Square
M&C Tower
Financial Tower
VPBank
Sailing Tower
Pacific Place
Asiana Plaza
Metropolitan
Saigon Tower
Sun Wah
Saigon Center
Diamond Plaza
Gemadept
Saigon Trade Center
Me Linh Point
PetroVietnam
9 DTH
Vimedimex
Sacombank
Bao Viet
Golden Tower
CB Richard Ellis | Page 9
Client Logo
Goes Here
HCMC OFFICE MARKET
SOME OF THE NEW OFFICE BUILDINGS COMPLETED IN
Q1. 2007
Opera View, Dist. 1
Lancaster, Dist. 1
Rosaco, Dist. 1
Petro Vietnam,
Dist. 1
E – Town 2, Tan Binh District
Estimated Total Supply in
Q1. 2007: 47,843 sqm
CB Richard Ellis | Page 10
Client Logo
Goes Here
HCMC OFFICE MARKET
Take up and vacancy rate of
HCMC office buildings
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Q1.04 Q2.04 Q3.04 Q4.04 Q1.05 Q2.05 Q3.05 Q4.05 Q1.06 Q2.06 Q3.06 Q4.06
s
q
m
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
%
Take-up (Sqm) Vacancy Rate (%)
CB Richard Ellis | Page 11
Client Logo
Goes Here
HCMC OFFICE MARKET – Rental Rates
Rental growth of Grade A
2006 - 2007
23
29.5
Q1/2006 Q1/2007
*Note: Rents excluding S. C and VAT
unit: US$
growth rate 28%
Q1 - 2006 $23.00
Q1 - 2007 $29.50
Increase of 28%
Occupancy 100%
CB Richard Ellis | Page 12
Client Logo
Goes Here
HCMC OFFICE MARKET – Rental Rates
Rental Growth of Grade B
2006 - 2007
21
26.5
Q1/2006 Q1/2007
* Note: rents excluding S.C and VAT
unit:US$
growth rate 26%
Q1 - 2006 $21.00
Q1 - 2007 $26.50
Increase of 26%
Occupancy 99%
CB Richard Ellis | Page 13
Client Logo
Goes Here
HCMC OFFICE MARKET – Rental Rates
Rental Growth of Grade C
2006 - 2007
17.5
20.5
Q1/2006 Q1/2007
* Note: rents excluding S.C and VAT
unit: US$
growth rate 17%
Q1 - 2006 $17.50
Q1 - 2007 $20.50
Increase of 17%
Occupancy 95%
CB Richard Ellis | Page 14
Client Logo
Goes Here
HCMC OFFICE MARKET
Market Outlook in 2007:
9 Limited grade A office space still
remains.
9 Some new supply of Grade B office
space expected to come on line during
2007.
9Factors driving demand: Strong
economic growth, FDI growth, WTO
access, new multi-national companies,
expansion of existing multi-national
companies, Vietnam companies
upgrading, safety & quality Issues
9 Grade A office rental rates reflects
upward momentum and growing demand
vis-à-vis tight supply
9 Vacancy rate remains low, grade A (0%)
and B (<1%)
180,657182008
187,824152009
273,146122010
800,42572TOTAL
158,798272007
Expected
supply
(sqm)
Supply of
new grade
A, B & C
buildings
Expected
year of
completion
Không có nhận xét nào:
Đăng nhận xét