Office: Low occupancy at newly completed developments, and softer performance at some existing Grade B buildings amid the impact of the pandemic, were a drag on both grades, with occupancy dropping around 3.0 pp q-o-q and 8 pp y-o-y, to stand at 87.5%.
Industrial: The overall average asking rent stayed the same q-o-q and increased by 7% y-o-y, mainly due to limited available supply and rising demand for industrial land amid the wave of companies moving production out of China.
Apartments for Sale: Grade A and Grade C recorded price drops of 9.8% and 2.2% q-o-q respectively, mostly due to the entrance of new projects at competitive prices.
Learn more by clicking our most recent Ho Chi Minh City MarketBeat reports below.
