HCM CITY – Despite global uncertainties, Việt Nam, with its strong fundamentals, continues to remain resilient and attractive to foreign investors, as confirmed by the property research firm CBRE.The robust fundamentals highlighted by CBRE include 6.4 per cent GDP growth, 14.5 per cent year-on-year export growth, stable inflation at 4 per cent, 8.8 million inbound visitors in the first half of the year, and a young and expanding population of 100 million.CBRE's positive assessment of the Vietnamese market comes as a hopeful signal within Asia. According to the company’s 2024 Asia Pacific Real Estate Market Outlook Mid-year Review, a rebound of Asia Pacific’s commercial real estate investment activity remains on hold due to delayed interest rate cuts and continuous repricing activity.Nonetheless, CBRE anticipated a slight increase of 3 per cent in investment volume for 2024. Japan remains a key variable as cross-border capital has slightly decreased, and investors are searching for markets with higher return potential.CBRE reports that the regional office market is influenced by supply levels, resulting in a high regional vacancy rate of 19 per cent in the first half of 2024.Việt Nam is following a similar trend, with an increase in Grade A spaces. Due to softening demand, older or high-vacancy buildings offer attractive incentives like extended rent-free periods or fit-out allowances.CBRE observed an expansion in key retail sectors like food and beverage and sports goods, with a decrease in vacancy rates. The flight to prime-quality spaces in premium locations continues as occupiers seek premium environments.The HCM City and Hà Nội central business districts reported record double-digit growth in the first half of the year, propelled by surging demand from international brands and limited space availability.The APAC region saw normalised logistics demand in the first half of 2024, with lease renewals preferred over relocations due to high rents and fit-out expenses. Despite a modest increase in leasing activity in the latter half of the year, full-year leasing volume is expected to be lower than in 2023.In Việt Nam, ready-built warehouse occupancy rates have improved, but rental growth remains moderate at a rate of 2 per cent to 3 per cent annually due to robust new supply.The hotel markets across the region, except in the Maldives, experienced year-over-year increases in Revenue per Available Room performance through June 2024. Stable Average Daily Rates were driven by an 80 basis point rise in average occupancy levels as airline travel rebounds.Việt Nam's hotel market demonstrated positive signs, with both Hà Nội and HCM City recording higher revenue per available room compared to the same period last year. – VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News