Vietnam Property Market Brief 1Q25
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: Prime sector sees no new supply while its vacancy rates improve citywide in 1Q25
- Residential: High-end segment leads new supply in HCMC’s 1Q25 apartment market
- Industrial: Despite healthy absorption levels, increased supply leads to a slight decrease in the overall occupancy rate
Hanoi and Northern provinces
- Office: One Grade B building enter the market this quarter
- Retail: Hanoi prime retail space remains static with no new completions during the last five quarters
- Residential: Large volume of Mid-end products officially launched in two Vinhomes townships
- Industrial: Occupancy rate increased to 80% due to continued absorption of available space
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