Hanoi Figures Q3 2022

Office: New supply has emerged and is anticipated to rise further in the upcoming quarter

Retail: Asking rents in both CBD and non-CBD area soared to new heights, as no new supply recorded during Q3 2022. Concerns about inflationary pressures may dampen market outlook of the retail sector as costs of raw materials, production costs and consumer goods prices have been rising, affecting consumer spending and consumer confidence, especially for non-necessities goods.

Condominium: After a quiet quarter, the market saw new supply booming to 15,528 units in Q2 2022. The improvement in price of suburban projects has not only caused the segmentation change in new supply but also driven primary pricing growth.

Industrial: The industrial market recorded many positive signals after Vietnam reopened the borders. The market expects strong pipeline over the next three years.