On 15 September, 2009, Vietnam Report’s Research Division formally introduce the Real Estate Report titled “Vietnam’s Real Estate 2009 and outlook for 2010”

The Report is established based on the survey with the sample of 500 customers and private investors and the sample of 35 enterprises operating in the field of real estate as well as making interview with leading experts in Hanoi and HCM City.

Out of 500 questionnaires at two above markets, nearly 62% respondents said that they will buy real estate for living purpose. Only about 12% buy real estate for investment purpose in short term.

About 57% enterprises taking part in the survey believes the real estate price in large cities unchange, nearly 43% agree that the price will significantly rise up and there are no ideal of reduction in price.

As for Hanoi market, 43% respondents said that the real estate supply will remarkable increasing compared to 57% said that the supply will considerably rise up. While, at HCM City market, up to nearly 72% believe that the supply will considerably increase and only 28% agree that the supply will significantly go up.

To assess on market, most of experts taking part in interview agree that the Vietnam real estate market will recover in 2010 – 2011 period

So far, the cycle of real estate market boom has usually been 5 – 6 years (for example, 1995 – 2002 – 2007), therefore, it is less likely that the next price rising cycle of market falls on 2009 or 2010 and the market may be boomed by 2011 or 2012.

Overview analyses on current situation and characteristics of Vietnam real estate market, factor having impacts on demand and supply, demand analyses as well as forecast on the market recovery is fully introduced in the Report. Besides, some profile of leading companies in the Top 500 Vietnamese largest companies operating in the field of real estate is given in the report.

Report Information

Issue Date: 15 September, 2009

Page: 59

Content

Part I: Objectives and Methodology

1. Objective

2. Methodology

2.1 Information collecting methods

2.1.1. Secondary research

2.1.2. Directly Interview

2.1.3. Interview by questionnaire

2.2. Field research

Part II: Vietnam’s real estate market overview – the segments of new urban centres and apartment building

1. The development of Vietnam real estate market in the past 10 years

2. The markets of new urban centre and apartment building

3. Risk of investing into real estate market

4. Forecasting the demand on real estate in Vietnam

Part III: Current situation of market demand on land, apartment building and new urban centre

1. Buying real estate for living purpose: The wind is changing

2. Which real estate prefer in the next time?

3. Factors affecting on buy decision on apartment building

4. Borrowing from the bank to invest into real estate: whether to attract for people?

Part IV: The future of Vietnam Real Estate market

1. Ability of accessing to capital in business and investment into real estate for private investors

2. Which scenarios for Vietnam Real Estate market in the future?

2.1. Apartment building

2.2. Office lease

2.3. Project land

2.4. Housing for low income people

3. Price and supply of real estate in large cities in short term: Go up or go down?

3.1. Price fluctuation trends

3.2. Real estate supply in Hanoi and HCM City in next three years

4. Vietnam real estate market: Recovery?

4.1. Factors affecting on the market recovery

4.2. When does the market recover?

Part V: Profile of some leading VNR 500 enterprieses operating in the field of real estate

1. Him Lam J.S. Company

2. VinCom J.S. Company

3. Kinh Bac Urban Development J.S. Company

4. Hoang Anh Gia Lai J.S. Company

5. Phu My Hung J.V Company

6. Industry development and Investment company (BECAMEX)

7. Descon J.S Company

8. Hoa Binh Construction J.S Company

9. Nam Thang Long Limited Company

Figure

Figure 1: The reason for buying real estate

Figure 2: The kind of real estate plan to buy in the next time

Figure 3: The planned budget for real estate

Figure 4: Factors affecting on apartment buying decision

Figure 5: How does information affect on investment decision of investors

Figure 6: The area of planned apartment

Figure 7: The number of people planned to live in the apartment

Figure 8: Prefer payment

Figure 9: Prefer borrowing period

Figure 10: Accepted interest rate for long term borrowing

Figure 11 : Normal capital structure of real estate project – Owner capital

Figure 12 : Normal capital structure of real estate project – Borrowing capital

Figure 13 : Normal capital structure of real estate project – Capital raising from customers

Figure14: Trend of market in short term

Figure 15: Price fluctuation in large city in the next one year

Figure 16: Supply for real estate in Hanoi and HCM City in the next 3 years

Figure 17: Expectation on factors on market recovery in next one year

Table 1: Housing development

Table 2: Housing forecast in Vietnam by 2010 and 2020