Office: The overall occupancy rate decreased by 2% on both a quarterly and yearly basis, mainly due to the new supply, but still maintained at a healthy 95%.
Retail: Overall occupancy dipped marginally by 0.6 ppts QoQ and by 0.3 ppts YoY due to the influx of new supply, but remaining healthy at 94%, implying a sustained demand.
Serviced Apartments: In 2019, one new Grade A and B project delivered 250 units in total which is only equal to 37% of 2018’s new supply.
Industrial Park: Occupancy rose markedly by 4 percentage points (ppts) on quarter and 7 ppts on year to 89.5% owing to a better take up of new supply in 2019.
Apartments for Sale: Due to the lengthy legal procedures for completion, new supply was equal to only two-thirds of the previous quarter’s corresponding figure.
Learn more by clicking our most recent Ho Chi Minh City MarketBeat reports below.