Market Report | Q2 2022
Given the solid economic performance in the first half, Viet Nam’s real estate projects have delivered well. However negative global influences are gathering momentum, will property maintain its resilience?
Apartment: Ho Chi Minh City dominated the market in new supply apartments in Q2/2022, with more than 16,000 units, accounting for 45% of the total new supply apartments in the market. Following that was Hanoi, where total new supply reached approximately 10,000 units, accounting for around 28% of total new supply.
Office: In general, office rental rates in the three provinces increased in Q2/2022, rising by 5-9% Y-o-Y, particularly in the Ho Chi Minh City market.
Retail: The CBD and non-CBD asking rents have both increased compared to the same period last year. Because there was more supply in HCMC, the occupancy rate in HCMC was higher than that in Hanoi. However, the potential new supply of Ho Chi Minh City is primarily in Thu Duc City, a new city set to open in 2022.
Hotel: Average hotel rental prices grew by 12-20% Y-o-Y, particularly in Ho Chi Minh City, Da Nang, Vung Tau, and Nha Trang. Furthermore, 5-star hotels’ price climbed by 10-20%, while that of 4-star hotels increased by more than 20%.
Learn more by clicking our Vietnam Market reports | Q2 2022
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