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Insights

Ho Chi Minh City Retail MarketBeat

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New retail supply from Parc Mall launched in Q3 2024 in District 8, offering the first high-quality retail space in the district, welcoming a diverse mix of domestic and international brands. Total HCMC retail supply achieved 1.16 million sqm, which increased by 3.1% QoQ and 8.5% YoY. 

The average rental rate slightly dropped by 1.0% QoQ with the entry of a new supply from the non-CBD area. Occupancy rate slightly decreased by 0.7 ppts QoQ and 0.4 ppts YoY due to new supply. Large-scale tenants such as supermarkets, healthcare, F&B, experience centers, and fashion are considered key success factors of high footfall properties.

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CURRENT MARKETBEATS

3q24-hcm-industrial
MarketBeat

Southern Key Economic Zone Industrial MarketBeat

In Q3 2024, Long An Province launched Prodezi Eco-Industrial Park, adding 280 ha of leasable land to the market.
25/10/2024
hcmc office
MarketBeat • Workplace

Ho Chi Minh City Office MarketBeat

In Q3 2024, the HCMC market welcomed the entry of a new premium office project in the CBD area, Thaisquare the Merit building, adding nearly 13,000 sqm to the total supply. The city's total Grade A&B office stock is above 1.6 million sqm.
Ngoc Le • 25/10/2024
hcmc residential
MarketBeat

Ho Chi Minh City Residential MarketBeat

In Q3 2024, approximately 642 new apartments were introduced to the market, representing a 31% decrease QoQ and an 83% decline YoY. The majority of these new launches were concentrated in the East and South.
Trang Bui • 25/10/2024
hcmc retail
MarketBeat

Ho Chi Minh City Retail MarketBeat

New retail supply from Parc Mall launched in Q3 2024 in District 8, offering the first high-quality retail space in the district, welcoming a diverse mix of domestic and international brands. Total HCMC retail supply achieved 1.16 million sqm, which increased by 3.1% QoQ and 8.5% YoY. 
Trang Bui • 25/10/2024
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