Marc Townsend, Managing Director of CBRE Vietnam, talks about the performance of the residential market in 2015 and his forecasts for 2016. ■ What are your thoughts on the health of the high-end, mid-end, and low-end segments in the residential market in 2015? Since mid-2014 Vietnam's residential market has been recovering, firstly in the affordable segment. Entering 2015 the picture has become much clearer and we can confirm that the condominium market is on a firm path towards recovery. Mr. Marc Townsend, Managing Director of CBRE Vietnam This was proven by take-up levels. Quarter 2, 2015 marked a new record in quarterly absorption, with over 10,000 units sold in both new and previous launches. For the first nine months of this year condominium sales were close to the whole-year peak seen in 2009 in Hanoi while in Ho Chi Minh City it marked a new record with nearly 25,000 units being sold. Interestingly, the majority of successful transactions have rippled from the … [Read more...] about Bright times ahead for VN real estate
Investors real estate llc
Green light for local real estate market
The Hanoitimes - A new wave of foreign investment is expected to flow into Vietnam during 2010's fourth quarter. "If it is yellow light for China, green light for South Korea, the signal for Vietnam at the moment is green," Bromme H. Cole, managing partner of the US-based Hampton/Hoerter LLC told VIR at the Vietnam Investment Summit in Ho Chi Minh City. Cole said Vietnam was Asia's most vibrant and promising frontier market. "This year and next year, large funds will start seeking emerging market opportunities and Vietnam is a perfect example of that type of opportunities," he said, adding that Vietnamese real estate should be included when structuring a global tactical asset allocation model and the country must be part of portfolios allocation for institutional investors. Cole said the market of nearly 90 million people with rapidly emergent middle class is "going faster than I thought" and the demand is enormous. "They [institutional investors] at this important time are really … [Read more...] about Green light for local real estate market
Warburg Pincus spends $200 mln on estate stakes in VN
Warburg Pincus has officially clinched a deal to spend US$200 million to acquire 20 percent stake in Vincom Retail, a realty arm of the Hanoi-based Vingroup Joint Stock Co, according to Vingroup. In addition, as part of the agreement, Warburg Pincus will commit $25 million investment in the first initial public offering (IPO) of Vingroup in international markets in the future. Moreover, the agreement also allows Warburg Pincus to have an option to invest $100 million more in Vincom Retail depending on the growth opportunities of the retail realty market in Vietnam. If the former chooses to do so, the latter will also have the right to increase its capital to maintain the former ownership ratios of the two sides in Vincom Retail. According to Vingroup, the investment has been the largest investment ever made by a foreign fund in a local business. In attracting capital from foreign investors, Vingroup issued $300 million convertible bonds internationally last year. Vingroup … [Read more...] about Warburg Pincus spends $200 mln on estate stakes in VN
Foreign investors optimistic about Vietnamese economy
(VEN) - Although difficulties are still facing the global and Vietnamese economy, many foreign investors remain optimistic and are continuing their long-term investment and development goals in Vietnam. Ms. Suzanne Anderson, General Director, Nike Vietnam LLC (US): As a global brand, Nike is very happy with its experience in Vietnam in the last almost two decades. A thing that has impressed a global group like Nike in Vietnam is the strong, dynamic, hard-working, quick-minded and ambitious workforce. Vietnam currently is the largest source of production for the global Nike brand. We believe in Vietnam's commitment to continue improving the business environment, the legal framework and education investment to increase the quality of human resources and to intensify investment in infrastructure. One more important factor is our relations with our partners, the local community and employees in all aspects. For this reason, Nike's strong growth in Vietnam in the last 17 years has … [Read more...] about Foreign investors optimistic about Vietnamese economy
Investors upbeat about Vietnam long term
Investors upbeat about Vietnam long term Vietnam's short term economic picture remains dismal but the local and foreign companies interviewed by The Saigon Times Daily on the sidelines of the Asian Corporate Conference in HCMC on Thursday expressed optimism about the long haul of the domestic economy. Excerpts: Jeffrey M. Dilley, chairman and CEO of Exsero Limited Company of the U.S. Dale E. Washington, president of Tan Hung Investment Joint Stock Company in HCMC's District 1: - The company is seeing a good opportunity to invest in apartment construction, and still seeing progressive and supportive investments in Vietnam. Vietnam's economy will be brighter because Vietnamese are very optimistic people. Young people here are eager to work. Calvin Tai Lam, president of Vinawood Company Limited in HCMC's Thu Duc District: - The export of wooden furniture is in a difficult position because construction in the world is still in stagnancy. The situation could possibly be better within one … [Read more...] about Investors upbeat about Vietnam long term