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CBD retail floors in HCMC has virutally no vacant space, prices increase slightly in Q1

According to CBRE Vietnam report, retail rental prices in central business districts (CBDs) of HCMC slightly increased in Q1-2018, reaching US$121.6 per square meter per month, thanks to rising demand and limited supply. Total retail floor supply in HCMC in Q1 was 869,160 square meters, with a new retail project named Van Hanh Trade Center becoming operational in District 10 and no new supply in CBDs. Despite of being a non-CBD project, Van Hanh Trade Center still enjoyed an occupancy rate of over 90pct since inauguration, attracting more than 200 local and overseas brands. In three u upcoming year, a large supply from retail foundation block would be launched to the market, especially in non-CBDs, resulting in fiercer competition.