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Demand derived from 3 sources:<br />
• Professional expatriates – main source<br />
– Both from Asia and the West<br />
– Hanoi: employees in the Embassies<br />
• Returning Overseas Vietnamese<br />
• Wealthy Vietnamese ← a new and growing trend<br />
“Vietnam will be the 11th most common<br />
destination of companies sending staff on<br />
international assignments up to 2013. Therefore,<br />
this is likely to ensure that the demand for<br />
accommodation from companies sending staff into<br />
Vietnam is likely to remain strong in the next three<br />
years”.<br />
--- Trends in Managing Mobility<br />
Survey 2010, ECA International<br />
H1/2011 work permits issued<br />
to foreigners in HCMC:<br />
• Achieved 85.1% of entire 2009<br />
• Down 16.5% against H1/2010<br />
Serviced Apartments 2011<br />
Proportion of Housing Budget (US$/month)<br />
$0 -$1200 $1200 - $2500 $2500 - $3500 $3500+<br />
Q4/2010 10.0% 40.0% 40.0% 10.0%<br />
Q1/2011 17.9% 41.5% 29.2% 11.3%<br />
Q2/2011 20.5% 48.2% 24.1% 7.2%<br />
Q3/2011 11.7% 52.1% 26.6% 9.6%<br />
Source: <strong>CBRE</strong> Residential Leasing<br />
Proportion of Requested Area (sm)<br />
0%<br />
Q1/2011 Q2/2011 Q3/2011 Q4/2011<br />
Source: <strong>CBRE</strong> Residential Leasing<br />
<strong>CBRE</strong> Vietnam | Page 27 <strong>CBRE</strong> Vietnam Fearless Forcast 2012<br />
100%<br />
80%<br />
60%<br />
40%<br />
20%<br />
0 -60 60 -100 100 -160 160+<br />
TOP DEMAND!
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