Vietnam Property Market Brief 1Q24
A special quarterly property publication provides insights on the HCMC and Hanoi markets
- 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.
