Vietnam’s Second Home Market:
Surviving the Tsunami
Presented by: Marc Townsend
Managing Director
21 September 2010
CB Richard Ellis | Page 2
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The Headlines
From the News…
“14,500 High Class
Apartments to be
Launched in Danang”
Phap Luat TPHCM, Friday, 10
September, 2010, Issue 2571,
Page 11.
“Danang: Nearly US$3 billion invest
in 55 Tourism Development Projects”
Cong An Nhan Dan, Monday, 20 September,
2010, Issue 1881, Page 7.
CB Richard Ellis | Page 3
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0
500
1000
1500
2000
2500
3000
2006 2007 2008 2009 2010
Number of villas launched
North Centre South
Villa Projects Launched (2006 – 2010)
In the North: the first vacation villa project launched in 2009
In the Centre: the first vacation villa project launched in 2006
In the South: the first vacation villa project launched in 2005
Source: CBRE
SUPPLY
CB Richard Ellis | Page 4
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0
500
1000
1500
2000
2500
3000
2006 2007 2008 2009 2010
Number of villa launched
North Centre South
Condo Projects Launched (2006 – 2010)
In the North: the first vacation condo project launched in 2008
In the Centre: the first vacation villa project launched in 2006
In the South: the first vacation villa project launched in 2006
Source: CBRE
SUPPLY
Number of condos launched
CB Richard Ellis | Page 5
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Condo & Villa Supply by Quarter 3/2010
396
961
5,207
1,374
986
2,983
South
Centre
North
SUPPLY
Condo & villa supply till Q3/2010 (units)
Source: CBRE