Vietnam Property Market Brief 1Q24

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

May 08, 2024
  • Trang Le
Ho Chi Minh City and Southern provinces
  • Office: HCMC office market demonstrates resilience through healthy occupancy and rental rates.

  • Retail:​ Retailers steadily expand presences in City Fringe to leverage the area's consumer base.

  • Residential: Buyers remain highly interested in reasonably priced and high-quality projects from reputable developers.​

  • Industrial: Market remains gloomy with no significant rebound in sight.

Hanoi and Northern provinces
  • Office: Average Grade B’s rent in the non-CBD inched up thanks to the new completion of Vinacomin Tower.

  • Retail:​ Resilient market amidst economic uncertainty, with strong demand observed in City Fringe.

  • Residential:​ Diversifying options from multiple Mid-end project.

  • Industrial: Stable demand led by Hung Yen and Hai Phong provinces.

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