{"id":51401,"date":"2020-04-01T16:09:10","date_gmt":"2020-04-01T09:09:10","guid":{"rendered":"https:\/\/yuanta.com.vn\/?post_type=phan-tich&#038;p=51401"},"modified":"2020-04-01T16:09:10","modified_gmt":"2020-04-01T09:09:10","slug":"property-sector-update-caution-is-called-for-but-not-panic","status":"publish","type":"phan-tich","link":"https:\/\/yuanta-uat.ysvn.com.vn\/en\/analysis\/property-sector-update-caution-is-called-for-but-not-panic","title":{"rendered":"Property sector update: Caution is called for, but not panic"},"content":{"rendered":"<h1>Caution is called for, but not panic<\/h1>\n<p><strong>What\u2019s new?<\/strong><\/p>\n<ul>\n<li>Newly launched units increased 3.5% in HCMC in 1Q20. Absorption rates reached 50-80%, depending on the project.<\/li>\n<li>Some investors are trying to sell at a 5-10% discount to their 2019 cost base.<\/li>\n<li>All real estate segments have been affected by the economic shock.<\/li>\n<li>We do not expect a market recovery until late 3Q20 at the very earliest.<\/li>\n<\/ul>\n<p><strong>Our view<\/strong><\/p>\n<ul>\n<li>Selling price momentum has been interrupted.<\/li>\n<li>Transactions will decrease sharply in 2Q20 despite reduced asking prices in the secondary market.<\/li>\n<li>Launch date of pipeline projects might remain delayed given the slackening in demand.<\/li>\n<li>Real estate developers must bear financial expenses without cash inflow from homebuyers.<\/li>\n<li>Focus on quality: KDH and VHM are our top picks.<\/li>\n<\/ul>\n<p>For the complete report, please access here: <a href=\"http:\/\/yuanta-uat.ysvn.com.vn\/wp-content\/uploads\/2020\/04\/Property-Sector-Update-April-2020-final.pdf\">Property Sector Update &#8212; April 2020 final<\/a><\/p>\n<p><strong>Analyst: Tam Nguyen, <\/strong><a href=\"mailto:tam.nguyen@yuanta.com.vn\">tam.nguyen@yuanta.com.vn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caution is called for, but not panic What\u2019s new? Newly launched units increased 3.5% in HCMC in 1Q20. Absorption rates reached 50-80%, depending on the project. Some investors are trying to sell at a 5-10% discount to their 2019 cost base. All real estate segments have been affected by the economic shock. We do not&#8230;<\/p>\n","protected":false},"author":10,"featured_media":0,"template":"","class_list":["post-51401","phan-tich","type-phan-tich","status-publish","hentry","analysis-category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.3 (Yoast SEO v23.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property sector update: Caution is called for, but not panic | Yuanta Vietnam<\/title>\n<meta name=\"description\" content=\"Caution is called for, but not panic What\u2019s new? Newly launched units increased 3.5% in HCMC in 1Q20. 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