Office: Overall, in 2022, positive absorption is recorded in both Grade A and Grade B. The South surpassed the CBD to become the most significant area of office absorption. This demonstrates that tenants are willing to consider non-CBD areas when faced with the limited supply in CBD.
Retail: Due to renovation/re-layout process and new supply near the end of 2022, occupancy rate was recorded lower YoY and QoQ.
Apartment: The average primary price in Q4 2022 was slightly up 21% QoQ, reaching approx. US$3,400 per sq.m. This increase was mainly due to the new launches from ultra-luxury and luxury projects such as The Opusk Residence Thu Thiem (Metropole Thu Thiem phase 4), De La Sol and Zeit River Thu Thiem, etc.
Landed Property: In 2022, new supply reached 1,200 units, increasing 12% YoY as the market recovered from the quiet year of 2021 due to Covid.
Learn more by clicking our most recent Ho Chi Minh City MarketBeat reports below.