On the occasion when the quarter 3 ended with controversial topics related to property market seem not to have come to an end, on October 10th, 2013, Cushman & Wakefield Vietnam organized a press conference to announce their Market Beat Quarter 3 video and report. The report is aimed to update current situation of the market after a number of policies and amendments have come into effects and at the same time, forecast the market movements in the Quarter 4 2013.
More than 7 reporters from prestigious newspapers, namely the Saigon times, Vietnam Investment Review, Vietnam News, Forbes, Nhip Cau Dau Tu… have attended the conference. Joining the event are also market leading research team and RICS registered experts from Cushman & Wakefield Vietnam. One of the main purposes of the event is to provide a platform for Cushman & Wakefield Vietnam experts to answer all of the public’s concern regarding the local real estate market. The press conference is also the launch of new Market Beat video which will be released in future alongside the traditional market reports. Reflecting the market under a new form of video, Cushman & Wakefield Vietnam has provided thorough information under various perspectives of the experts.
“Whilst a number of interesting amendments to the legal system hover on the horizon, the Vietnam real estate market appears to still be in a difficult period. However, the slightest shift in sentiment can be felt on the breeze here in Vietnam and there are encouraging signs that suggest that the bottom of the market cycle has arrived”, Cushman & Wakefield Vietnam research team commented.
Regarding the next quarter, Jonathan Tizzard - National head of valuation and research team, Cushman & Wakefield Vietnam said: “the commencement of the transferring of non-performing loans to the Vietnam Asset Management Company will build confidence in the market place going forward. Q4 2013 then is expected to witness an increase in leasing activity across most sectors as well as increased investor enquiries from abroad. As long as inflation is kept in check, 2014 would be a much busier year for the real estate market as confidence returns to the marketplace.”
Speaking at the event, Mr. Chris Brown – General Manager of Cushman & Wakefield Vietnam said: “Cushman & Wakefield are one of the more innovative and forward thinking consultancies in the market and we are always looking at ways to improve the way we present information to our clients and the market in general.”
The video differentiated Cushman & Wakefield Vietnam market report from other counterparts’, which contributes to the success of the press conference.