vietnam-real-estate-invesment-market-overview-and-outlook-2022

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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)

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VIETNAM NEWS HIGHLIGHTS - JULY 2021

The fourth wave of COVID-19 in Vietnam is longer and much more serious than previous ones said Nguyễn Thanh Long - Vietnam's Health Minister. Many cities in Vietnam (Ho Chi Minh City and Hanoi included) have imposed 15 days of social distancing measures under the strict Directive 16 of Vietnam's Prime Minister.

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.

Việt Nam hopes to attract more capital from South Korea

In the next one to two years, the two countries can fully realise the "Dual Goals", which aims at the the milestone of US$100 billion in bilateral trade turnover and total accumulated investment.

HCM City’s office space market rebounds strongly

Office space for lease in Ho Chi Minh City in the first half of 2022 continued to make a recovery with a total net absorption area of about 21,000 sq.m, equivalent to 38% of 2021, although the new supply remained limited, according to real estate firm CBRE.

VIETNAM NEWS HIGHLIGHTS - JANUARY 2022

GDP of Vietnam is expected to rebound to 5.5 percent growth in 2022 in a scenario where the pandemic is under relative control both at home and abroad. The rebound of the economy will be supported by a more accommodating fiscal policy, at least in the first part of 2022.

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