ABOUT SONG CHAU (SCBI)
Song Chau (SCBI) is the company has made commercial real estate services and investment office building in Vietnam. We serves real estate investors and occupiers, offering a full suite of integrated services. Our key services include:
- Property Leasing: Office for lease, condominium / apartment and residential for rent
- Property Management: Real estate projects management, office building management, apartment building management
- Property Sales: Condominium / apartment sales, projects land and residential sales
- Development Services: Property management and property leasing
"As the economy had a stellar performance in 2017, Vietnam’s real estate investment scene continues to attract more and more interest from foreign investors and developers across all sectors. Vietnam’s real estate market is entering 2018 with a positive sentiment, despite some skepticisms about oversupply in the upscale residential sector, especially on secondary and rental markets."
"Q1 2018, an estimated 1,280 units of "serviced apartment" supply will enter the market by the end of 2018. In spite of the fact that landlords have enjoyed favorable market conditions with high occupancy rates and steadily increasing rental rates, Ho Chi Minh City serviced apartment market has seen increased competition from new buy-to-let apartments."
In 2018, the East and South will continue to be hotspots of the market with more new launches condominium / apartment. Within the next three years, office and retail market will be more competitive as a large amount of supply from community retail podium will be launched. Rental growth will increase at a slower pace as existing supply will remedy their rents more strategically while vacancy rate will surge up momentarily before dropping down
2017 witnessed the "office market bustling with new supply and healthy absorption." 2018 onwards will witness the market coming up with better supply albeit at a slower pace than 2017. "Rental growth will increase at a slower pace as existing supply will remedy their rents more strategically while vacancy rate will surge up momentarily before dropping down just as quick as the market will continue its healthy absorption momentum with new supply"
"United States President Donald Trump signed Republicans’ massive $1.5 trillion tax overhaul into law on Friday, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown. Tax plan shows two things can be true at once"
"Vietnam continue attracting foreign investors in 2018 and next ten years". Apart from subjective factors, in terms of objective factors; domestic market with the size of significant "population compared with other countries, young and dynamic population, middle class is increasing, urbanization grows fast pace will be make force the demand not only for housing market, also retail market, office building, etc."
With the narrow land fund in Ho Chi Minh City present, daily traffic jam; "office rentals and other service are rising" will be make burden for business, that is the reason why the tenant looking out form Ho Chi Minh City centre. "Thu Thiem" county town will be one of new centers in the future.
Ho Chi Minh City market is shortage of middle range real estate "mid-end apartment", the investors tend to expand neighbour county. Mid-end apartment prices and absorption of the projects always the market leader because of its high liquidity