Office: Overall average asking rents stayed stable q-o-q but dropped slightly by 2% y-o-y, mainly due to lower rents at new buildings, as well as rental reductions at some existing projects to attract tenants. The upwards trend is expected to resume when the market regains its momentum once the pandemic is effectively contained, and business activities fully recover.
Industrial: Average asking rent rose by 2% q-o-q and 6% y-o-y, mainly due to limited available supply and rising demand. The overall rental level remained the highest nationwide -- 30% higher than Hanoi’s, 50% higher than Long An’s, 72% higher than Binh Duong’s, 88% higher than Dong Nai’s and nearly triple the rate at Ba Ria - Vung Tau.
Apartments for Sale: The overall market average price rose by 19% y-o-y but decreased by 6% q-o-q, due to diminishing primary supply at high-priced projects. Grade B and C sectors recorded price growth of around 9% to 10% q-o-q and 18% to 24% y-o-y, driven by high-priced new launches and price increases in some prime location active projects. Meanwhile, Grade A prices decreased by 7% q-o-q but still showed an increase of 19% y-o-y.
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