MARKET REPORT REAL ESTATE 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?
Our intel zooms in on how primary apartment supply in Ho Chi Minh had its largest increase since Q3/2019 and where landed properties are concentrated given rising land prices closer to the core. We explore the changes to brick-and-mortar retail post-Covid and if Grade A office scarcity will see relief soon. International arrivals are yet to reach 2019 levels, why?
Moving north, we unpack what Ha Noi’s plans for a residential floor area of 32 m2 /person by 2030 mean for supply, and the real capital gains landed properties deliver. Office take-up made a drastic turnaround compared to 2021, however, is the momentum expected to last? Events like the SEA Games boosted hotel performance, but uncertainty remains given key source markets remain closed.
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Savills delivers the benchmark for property market research across residential, commercial, hospitality, and industrial sectors. Access the lastest real estate market report: QMR Q2/2023