Market Insights from CBRE's Hanoi Quarterly Report Q2/2012

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SERVICED APARTMENTCrowne Plaza West HanoiServiced ApartmentDEMAND & OUTLOOK• Demand• Enquiries remained stable with a little higher budget(~$2,000).• Demand still strong in CBD & West Lake area• Demand for serviced apartments in the West still low incomparison but on the rise as more offices are located in theWestKeangnam Landmark 72Serviced Apartment• Outlook• 2012 initially expects 270 new serviced apartments from 3projects but 2/3 projects likely delayed till next year• Candeo Hotels to open in Q3/2012• A few condo projects are considering reserving certain unitsfor serviced apartments• Older projects in the CBD will face more competition withnew projects in the West, esp. as more offices arerelocating in the West.28 CBRE RESEARCH & CONSULTING MARKET INSIGHTS FROM CBRE’s HANOI QUARTERLY REPORT | JULY 2012
3-5 STAR HOTELMARKET SNAPSHOT, Q2/20125-star 4-star 3-star 3-5 STARNumber of hotels 1 12 13 40 65Total supply (rooms) 3,880 1,945 2,828 8,653Change in supply (rooms) 0 115 71 186Average occupancy rate (%) 60.64% 52.48% 52.52% 56.68%q-o-q change 1.4 pp -0.4 pp -3.1 pp -0.2 ppy-o-y change 6.2 pp -0.4 pp -0.7 pp 2.9 ppAverage daily rate (US$/room/night) 2 $104.67 $62.39 $34.93 $76.77q-o-q change -1.9% -4.2% 0.6% -2.8%y-o-y change -6.8% -15.9% -1.0% -6.5%RevPAR (US$/room/night) $63.47 $32.74 $18.35 $43.51q-o-q change 0.5% -4.8% -4.9% -3.1%y-o-y change 3.7% -16.5% -2.2% -1.4%1 - Including all trackable 3-5 star hotels in Hanoi (offcially & not yet ranked by VNAT) with room capacity of above 40 rooms/hotel2 - Average daily rates are quoted exclusive of service charges & VAT29 CBRE RESEARCH & CONSULTING MARKET INSIGHTS FROM CBRE’s HANOI QUARTERLY REPORT | JULY 2012
Page 1 and 2: Market Insights from CBRE’sHanoi
Page 3 and 4: CPI (% y-o-y) / Interest rates (%)V
Page 5 and 6: SBV Interest Rates (%)VIETNAM ECONO
Page 7 and 8: HANOI ECONOMIC OVERVIEWReal GDP (y-
Page 9 and 10: North Linh Dam - Thanh Xuan Elevate
Page 11 and 12: CONDOMINIUM FOR SALEMARKET SNAPSHOT
Page 13 and 14: CONDOMINIUM FOR SALEBuyers: Balance
Page 15 and 16: LANDED PROPERTY (in NUAs)An Hưng N
Page 17 and 18: OFFICEMARKET SNAPSHOT, Q2/2012GRADE
Page 19 and 20: OFFICEDEMANDFuture Supply (sm)• S
Page 21 and 22: THE GLOBAL RETAIL DEVELOPMENT INDEX
Page 23 and 24: RETAILTENANT/ BRAND MOVEMENTS• In
Page 25 and 26: RETAIL OUTLOOKVietnam, Global Retai
Page 27: SERVICED APARTMENTVacancy Rate (%)I
Page 31 and 32: 3-5 STAR HOTELMARKET PERFORMANCE•
Page 33: To subscribe, please contact…Q2/2

Market Insights from CBRE's Hanoi Quarterly Report Q2/2012

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