HO CHI MINH CITY MARKETBEAT REPORTS

Phuoc Vo • 23/01/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

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.

CURRENT MARKETBEAT

Office Buildings CBD
Ho Chi Minh City Office MarketBeat

Absorption were mainly in the new Grade B buildings whilst those of Grade A were modest due to tight availabilities and limited new supply

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Warehouse Internal Rack
Ho Chi Minh City Apartments for Sale MarketBeat

Average price increased both on quarter and on year, reaching about VND50.8 million/sq.m in Q4 2019. 

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Shopping Retail
Ho Chi Minh City Retail MarketBeat

Most of the absorption in this quarter took place in the CBD areas. 

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Warehouse Internal Rack
Ho Chi Minh City Service Apartment MarketBeat

Grade A’s performance was softer in Q4 2019 due to lower prices dangled by new entrants in their opening promotional campaigns.

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Warehouse Internal Rack
Ho Chi Minh City Industrial Park MarketBeat

Significantly improved performance on year, and a notable rise in rent. 

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