Office: Significant absorption was recorded, mainly from the new completions, whilst existing projects suffered modest or negative take-up due to the negative impacts of the pandemic.
Industrial: The average rent for industrial land in Hanoi remained the highest among the Northern provinces, at 20% - 50% higher than in Bac Ninh, Hai Phong, or Hung Yen.
Apartments for Sale: In Q4 2020, new launches rose by nearly 29.0% q-o-q to 4,200 units, although still down by nearly 38.0% y-o-y. Grade B dominated with over 50.0% of new launches.
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