Ho Chi Minh City Figures Q2 2026

- Office: Rental growth across both Grade A and Grade B offices remained stable in Q2 2026. Leasing activity softened and pushed vacancy rates up slightly q-o-q, with Grade A vacancy rising by 0.1 ppts to 16.7% and Grade B vacancy increasing by 0.6 ppts to 12.5%.
- Retail: HCMC did not record any new supply in the first half of 2026. The overall market vacancy rate in Q2 remained stable at 6%.
- Residential: Condominium supply declined by 48% q-o-q, with only 850 units launched to the market. In contrast, the landed property market experienced a strong rebound, recording 1,934 newly launched units, primarily from a township project located in the suburban area of former HCMC. As a result, the average primary selling price across the market declined 3% q-o-q and 29% y-o-y.
- Industrial land: In H1 2026, the Southern industrial real estate market demonstrated robust recovery and a strategic shift towards high-tech FDI, highlighted by a 125% y-o-y surge in industrial land net absorption to 124 hectares, predominantly driven by Binh Duong and Dong Nai.
- RBW/RBF: Ready-built space recorded healthy absorption (0.37 million sqm), stable rents (RBF: USD 5.2, RBW: USD 5.0), and robust occupancy (RBF: 91%, RBW: 80%). Concurrently, Built-to-Suit (BTS) emerged as the preferred strategy for large, customized logistics hubs.