Office: Low occupancy rates at newly completed developments, and softer performance at some existing buildings amid the impact of the pandemic, were a drag on both grades, with occupancy dropping around 4.0 pp compared to the past quarter.
Industrial: Total industrial stock in Ho Chi Minh City remained at nearly 2,500 ha, unchanged on both a quarterly and yearly basis. Overall, the sector has been the least impacted by the COVID-19 pandemic.
Apartments for Sale: New supply dropped significantly in the period, down 50% q-o-q and more than 60% y-o-y, due to the impact of the COVID-19 outbreak and subsequent social distancing measures implemented in April 2020.
Learn more by clicking our most recent Ho Chi Minh City MarketBeat reports below.