FDI inflows continued to be the bright spot while two important capital flows into real estate, namely bank credit and bonds were limited.
Real estate continued to rank second in the list of industries attracting total FDI of over US$3.5 billion, accounting for 18.7% of total registered investment capital. This number nearly doubled compared to the same period last year (nearly US$1.8 billion).
Office marketThe market did not record new supply in Q3 2022, the total cumulative supply of Grade A and B is still 1.43 million sqm of office space. Office rent of the whole market remained stable, with US$59/sqm/month for Grade A, and US$34/sqm/month for Grade B.
In the next 3 years, the office market in Ho Chi Minh City will receive a series of newly completed office projects in prime locations like The Nexus (2023), The Hallmark (2023), The Crest Tower B (2023), The Sun Tower (2024), The Pearl (2024) and IFC One Saigon (2024).