Vietnam Property Market Brief 3Q23

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

November 08, 2023
  • Trang Le
Ho Chi Minh City and Southern provinces​
  • Office: Thu Thiem welcomes two first Grade A buildings, establishing a new gravity area for city office market​
  • Retail: Prime malls are showing strong performance, with rent continuing to rise​
  • Residential: Positive sales and launches recorded in one large-scale project support the market performance in the quarter
  • Industrial: Positive demand is recorded, strongly driven by domestic demand​
Hanoi and Northern provinces​
  • Office: Market constraints arise in the face of subdued demand and high competition​
  • Retail: Positive demand is recorded, strongly driven by domestic demand​
  • Residential: Remaining phases of large-scale townships drives the market performance in 3Q23​
  • Industrial: Positive demand is recorded after a period of gloom​

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