Troy Griffiths, deputy managing director of Savills Vietnam talks about foreign investment in Vietnam’s education.
The fast-rising number of foreign visitors coupled with various international events are driving oversees investment, especially from reputable global brands, to the Vietnamese hotel market.
Southern’s future housing supply will peak in 2020-2021 with over 131,000 units. Meanwhile, from 2020 onward, foreign developers including Sumitomo, CapitaLand and Mitsubishi Corporation will enter Hanoi’s market.
“On the back of strong FDI flows, the serviced apartment sector continues to perform well.” – Le Thi Quynh Le, Associate Director, Residential Sales at Savills Vietnam.
F&B heats up, entertainment emerges, new international brands enter, occupancy rate stays high, and domestic competition continues to grow, according to a Savills’ quarterly report.
Tenants should expect higher rents or be prepared to negotiate strongly or decentralize. Many lease expiries will need to accept rent increases, according to Savills’ report.
New to market foreign entrants would be familiar with industrial clustering, as these are well-established within the locations they are moving from.
Entering in late 2020, Capital Place will be the first world class office development in Hanoi and will offer the highest quality facilities.
Impact of the US-China trade war and Vietnam’s advantages are forecast to meet the needs of FDI manufacturing enterprises, showing the potential for strong development of industrial real estate, Savills reported.
The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam.
Troy Griffiths, Deputy Managing Director at Savills Vietnam, will give an insight into how tech has been driving the budget hospitality and opening up opportunities for the tourism industry as a whole.
Management portfolio expanded following agreement with Hanoi university.
Ho Chi Minh City (HCMC) is expected to see its real estate market enjoy thriving developments buoyed by promising segments.
The residential sector is at the apex of Ho Chi Minh City’s growth, driven by a need for better housing, a growing middle class and an increasing number of overseas buyers.
Savills Vietnam has been named the lead leasing and marketing agent for Capital Place, an international Grade A office complex setting new standards in office space, a property developed by CapitaLand and Mitsubishi Estate.