Residential Market: In Q4 2024, Ho Chi Minh City launched 2,719 new apartments, up 324% quarter-on-quarter and 56% year-on-year. The Eastern area led in new supply. The average primary price reached USD 3,672/m², up 22% from the previous quarter. The landed property market recorded 27 new units, down 90% from the previous quarter, with an average primary selling price of USD 10,701/sqm.
Retail Market: Q4 2024 welcomed 20,600 sqm of retail space from Central Premium Mall, increasing the total supply to 1.18 million sqm. The average rent reached USD 52.7/sqm/month.
Office Market: No new office supply in Q4 2024, but the total supply of Grade A and B offices reached 1,634,726 sqm. The occupancy rate exceeded 87%, with average rents for Grade A and B offices at USD 54.55/sqm/month and USD 34.24/sqm/month, respectively.
Industrial Park: No new industrial land supply in Q4 2024, with the total supply reaching 28,500 hectares. The average rent for industrial land increased by 4.6% year-on-year to USD 176/sqm/lease term. Demand for industrial land and ready-built factories remained strong.
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
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