Market Report | Q4 2019
TMS Consultancy delivers Vietnam’s economic and the benchmark for property market research across apartment, office, retail, and serviced apartment sectors in Ho Chi Minh City.
Apartment: With an apartment the absorption to 37,000 units, decreased by 25% YoY, accounting for 88% of the primary supply. The mid-end segment was about 1,700 USD/sqm, and continued to be the top of the absorption rate.
Office: The total office space increased sharply, with approx. 2,270,000 sqm and the occupancy rate was over 90% for grade A and grade B. The average rental price of office reached 45 USD/sqm/month for grade A and 28 USD/sqm/month for grade B.
Retail: In 2019, Vietnam’s retail market continued to witness a vibrant year of M&A activities such as Vingroup acquired VIEN THONG A, Saigon Co.op acquired Auchan Vietnam, Jolibee acquiring Coffee Bean & Tea Leaf, Vinmart acquiring the Queensland supermarket chain and Masan Consumer merged Vincommerce and VinEco.
Serviced Apartment: The supply increased by 10% YoY and reached more than 6,300 units. The grade B projects reached about 600 units of total supply with the rental price was about 29 USD/sqm/month and the grade C projects to 17 USD/sqm/month.
Learn more by clicking our Vietnam Market reports | Q4 2019
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