The Great Wave

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The Great Wave

Update: 13:53:22 28-06-2018Date Submitted : 16:30:48 26-06-2018

The Great Wave

At Q2 in HCMC there was a 67% YoY increase in sales to 11,600 whilst in Hanoi it was 13% to 6,800. In HCMC Grade C accounted for 62% of sales, while in Ha Noi, Grade B dominated with over 42%.


 

The Great Wave


 

Every real estate project is closely monitored by our Research team. For sales to be recorded an agreement (SPA) between developer and purchaser must be made. Transactions are constantly assessed for accuracy and are released at the end of each quarter at our Market Review.

Savills is Vietnams leading residential broker so we benefit from keen market insight. We have operated in Viet Nam for over 20 years. Our people, our methodologies and our integrity are what makes Savills the premier international property agency in the region.


OVERVIEW


In a regional context, Viet Nam has a low proportion of urban population but a huge flow of rural migrants, resulting in a high urbanization rate. This factor combined with a large but declining household size, results in robust new dwelling formation.


 

The Great Wave



 

Low quality housing (%), 2015


Dwelling replacement need is high. Approximately 27% of Viet Nams urban population are living in low quality housing.


 

The Great Wave


 

APARTMENT SEGMENT


Nationwide market (HCMC & Ha Noi)



 

The Great Wave


 

STRONG HOUSING DEMAND


Apartment affordability


 

The Great Wave


(Savills Vietnam)