Vietnam Property Market Brief 4Q23
A special quarterly property publication provides insights on the HCMC and Hanoi markets
- Trang Le
Ho Chi Minh City and Southern provinces
Office: The Nexus, HCMC's first Grade A with both WELL and LEED certifications, officially launches.
Retail: New Prime Mall supply in City Fringe area and strong leasing activity recorded.
Residential: Restricted supply and modest demand to persist.
Industrial: Built-to-suit warehouses underpin demand.
Hanoi and Northern provinces
Office: New Grade A supply recorded in the CBD; rents remain stable.
Retail: Rental growth persisted across the market.
Residential: The East and West precincts lead apartment market.
Industrial: Net absorption has grown positively toward the year end.
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