Savills Vietnam would like to announce Savills Property Price Index (SPPI) in October 2018 for Ho Chi Minh City and Hanoi with highlighted information as below:


Residential Index

In Q2/2018, the Savills residential index reached the highest level for the last five years at 96, increasing 1 point quarter-on-quarter (QoQ) and 3 points year-on-year (YoY).

Total transaction volume surged to approximately 14,400 units, up 6% QoQ and 22% YoY. Absorption reached a five-year high at 56%, up 9 pptsQoQ and 24 ppts YoY. The

strong performance was due to increasing sales from new Grade B and C projects. Grade B transactions had the highest growth of 31% YoY.

Until 2020, Grade C is expected to account for 62% of future supply. With high demand, developers will deliver Grade C units in western and outlying districts.

Office Index

The office index has continually increased since Q2/2013. In Q2/2018, the index reached a new high of 95 points, up 2ppts QoQ and 6ppts YoY.

The CBD had greater improvement than the non-CBD due to a higher QoQ rent increase of three percent. In Q2/2018, the CBD office index reached 99 points, surging 3ppts QoQ and 9ppts YoY. With smaller rent growth of 1% QoQ, the non-CBD office index was 101 points, up 1ppt QoQ and 7ppts YoY.

As demand continues to grow whilst supply is limited, the CBD office index is expected overtake that of the non-CBD in the future.

In Q2/2018, the net take-up in the city was 36,100 m2, down -39% QoQ but increasing 42% YoY. New projects were the main contributor of the increase in take-up.

For more information, click 11102018 – Savills Property Price Index (SPPI) in HCM HN – EN and 11102018 – Chỉ số giá Bất động sản Savills (SPPI) tại HCM HN – VN


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