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HO CHI MINH CITY MARKETBEAT REPORTS

Phuoc Vo • 12/07/2021
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Overall occupancy was recorded at 90%, slightly up by 2 pp q-o-q but falling by 2 pp y-o-y, mainly due to low occupancy at new buildings.

Industrial: The pandemic has disrupted some enterprises’ operations in industrial parks. Subsequently, industrial park workers have been prioritized for vaccination to mitigate operational interruptions.

Apartments for Sale: Grade B and Grade C recorded price drops of 2% and 3% q-o-q respectively, mostly due to the entry of new projects at competitive prices. On the yearly basis, Grade B and Grade C recorded increases of 13% and 11%, respectively.

Learn more by clicking our most recent Ho Chi Minh City MarketBeat reports below.

CURRENT MARKETBEAT

Office Buildings CBD
Ho Chi Minh City Office MarketBeat

Overall average asking rents stayed stable q-o-q but dropped modestly by 1% y-o-y, mainly due to lower rents at new buildings.

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Warehouse Internal Rack
Ho Chi Minh City Industrial Park MarketBeat

The occupancy rate remained unchanged q-o-q but rose by 2 pp y-o-y, reaching 86%, mainly due to improved take up at industrial parks in the city’s northern districts.

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Warehouse Internal Rack
Ho Chi Minh City Apartments for Sale MarketBeat

Sales volume also rose by 12% q-o-q and 78% y-o-y. Over two thirds of the total transactions were in Grade B, followed by Grade A at nearly 29%.

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