VIETNAM REAL ESTATE INVESMENT MARKET OVERVIEW AND OUTLOOK Q2.2023



PERFORMACE

The rent remains at a steady level.

Stable rental prices were observed in the office market of Ho Chi Minh in Q2 2023.However, the occupancy rate slightly decreased compared to the previous quarter, with Grade A offices reaching 92% and Grade B offices achieving 75%. Additionally, the average rental prices remained relatively unchanged, with Grade A offices ranging from 41-67 USD/sqm/month and Grade B offices around 36 USD/sqm/month. New projects entering the market in outer CBD areas showed a promising occupancy rate of approximately 20-25%. Furthermore, investor are actively seeking tenants, and it is expected that the occupancy rate will increase in the near future.

Source: Colliers (Vietnam)

Source: Colliers (Vietnam)




news relative
VIETNAM NEWS HIGHLIGHTS - MAY 2021.
Despite COVID-19, Vietnam's economy has remained resilient. Let's take a look at its good signals in May 2021.
VIETNAM REAL ESTATE INVESTMENT MARKET OVERVIEW AND OUTLOOK 2022
The Covid-19 outbreak caused great disruptions to the Vietnam real estate market in the year 2020 to 2021. However, production and business activities have since gradually regained growth momentum, and the Government's policy to push socio-economic recovery and development has shown positive effects since the beginning of this year. In the first 9 months of 2022, Vietnam attracted about US$15.4 billion in foreign investment, up 16.2% over the same period last year. Real estate investment continues to rank second among sectors attracting the most foreign direct investment with over US$3.5 billion received, accounting for 18,7% of the total amount of investment. GDP in the first nine months of 2022 increased by 8.83% over the same period last year, the highest growth in the past decade. This shows that Vietnam is still among the markets with great potential for investment in the Asia Pacific region.
VIETNAM NEWS HIGHLIGHTS - OCTOBER 2021
The lifting of Covid-19 related restrictions has been carefully made in most cities in Vietnam to resume their economic growth from October 2021 onwards.
Serviced Office Global Market Report 2022
The global serviced office market is expected grow from $27.83 billion in 2021 to $33.30 billion in 2022 at a compound annual growth rate (CAGR) of 19.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $64.06 billion in 2026 at a CAGR of 17.8%.
VIETNAM NEWS HIGHLIGHTS - NOVEMBER 2021
The Vietnamese economy is actively recovering with a rebound in industrial production and retail sales, continued trade surplus and stabilized credit growth, a World Bank (WB) update says.
Ho Chi Minh City plans to resume all economic activities after January 15, 2022, what should enterprises do to re-start their business?
By cafef.vn, HCMC plans to reopen all economic activities after January 15, 2022 in a three-phase roadmap through a so-called “Covid-19 card”. In addition, the City also offers many solutions to support enterprises recover their business and manufacturing after the Covid-19 pandemic.
CJ BUILDING

2 Bis - 4 - 6, CJ BUILDING

No. 6 Le Thanh Ton street, Sai Gon Ward, HCMC

Tel: +84 28 6255 6800 | Fax: +84 28 6255 6801

Email: leasing@cjbuilding.com.vn

Copyright @2019 CJ BUILDING. All rights reserved