According to Savills, HCMC was ranked among the top performing markets in the world with high ranks in the rankings: the world’s third-ranked city in terms of real estate rents, ranking 5th the world’s investment potential and ranking the world’s two potential development.
This is the result of an annual survey for many years based on the observations of many experienced and knowledgeable real estate investors.
This result also shows the belief in the potential and attractiveness of the city. HCMC in particular and the Vietnam market in general. “This belief has helped Ho Chi Minh City to surpass all the cities surveyed across the globe, becoming the number one choice for investors looking to buy office real estate, retail space and housing, “Savills said.
In its recently published publication, “Impacts: the future of global real estate,” Savills also provides analysis of rents in major cities. world.
In particular, San Francisco recorded the most significant growth in the high end (+ 99%) segment since 2008. Followed by Shenzhen, Beijing (both at + 71%) and the West London (+ 69%). So these cities are near the “wave”: the end of the growth phase, the peak or the beginning of the decline.
Singapore recorded a significant drop in the premium office segment (-26%), housing (-25%) and high-end retail space (-15%). This indicates that these segments are or are nearing the bottom.
Shenzhen recorded the biggest increase in rents in the residential segment since 2008 (+ 82%). The hotel segment of the city is also at the beginning of the rent increase, showing the potential for future rent increases. Savills, however, warns investors to face tough competition and high real estate prices.
And Jakarta, an emerging economy, is in the late stages of decline. The rent may thus rise sharply in the future, but it is accompanied by the risk of a young market in a developing country.
Traditional investment segments in big cities, such as high-end offices in London, Tokyo and San Francisco, are now on the “wave” but are a safe choice for investors. can remain at a peak for some time.
“Rent is a reliable indicator of two basic elements of the market: the needs of tenants – simply where customers want to rent real estate – and how the supply is. In many investment markets around the world, the scope for tightening rental yields is limited, so growth can only come from rising rents, “said Yolande Barnes, Head of Research at Savills Global, commented.
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