Ho Chi Minh City Figures Q2 2022

Office: The recovery trend continued with improved indicators in all grades and total net absorption at 21,000 sqm in HCMC. Co-working space are coming back with high occupancy rate of more than 90% and operators continued to seek for expansion.

Retail: The market witnessed new reach of rental rate in CBD area of more than US$200/sqm/month. Overall, retailers are still optimistic about the business situation this year.

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.