1. RETAIL – Soft performance of shopping centre

In Q1/2016, total retail stock was approximately 1.1 million m², stable quarter-on-quarter (QoQ) but up 22% year-on-year (YoY).

The average rent decreased -1.6% QoQ but up 4.9% YoY. Shopping centres decreased 3.1% QoQ whereas retail podiums and department stores increased 3.2% and 4.2% respectively.

The average occupancy was stable QoQ and up 4.8 ppts YoY. Retail podiums occupancy increased 3.0 ppts QoQ; followed by department stores with 1.4 ppts QoQ while shopping
centres declined by -1.1 ppts QoQ.

According to Savills survey conducted across fourteen shopping centres and department stores in Ha Noi, the average area for fashion accounted for 47% total area followed by food & beverage with 27%.

Please click 05042016 – Savills report on Hanoi Quarterly Market Briefs Q12016 – EN and 05042016 – Savills báo cáo thị trường BĐS Hà Nội – Q12016 – VN for more information.

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