Vietnam Property Market Brief 4Q24
A special quarterly property publication provides insights on the HCMC and Hanoi markets
- Trang Le
Ho Chi Minh City and Southern provinces
- Office: No new supply is recorded
- Retail: No new prime mall openings in 4Q24. 2024 marks a substantial prime retail growth in the City Fringe with the introduction of Vincom Mega Mall Grand Park and Parc Mall
- Residential: Sales launches are dominated by highly anticipated projects from major developers
- Industrial: New industrial park development in Binh Duong ended supply stagnation
Hanoi and Northern provinces
- Office: Steady growth amidst dynamic supply and demand shifts
- Retail: Hanoi witnesses no new prime mall completions in 2024
- Residential: Premium products dominate new supply
- Industrial: In 4Q24, two new IPs in Hai Duong contribute 260 ha, bringing the total stock to over 12,500 ha
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