Vietnam Property Market Brief 4Q23

A special quarterly property publication provides insights on the HCMC and Hanoi markets

February 20, 2024
  • 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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