Office: In H1 2021, net absorption of Hanoi and HCMC office market reached 60,000 sqm and 33,300 sqm, respectively, improved significantly compared to H1 2020, when the pandemic started to affect the market.
Retail: The market sentiment and consumer confidence is expected to recover rapidly once pandemic is thoroughly controlled as well as more vaccination is carried on throughout the nation. The country is expected to have 70-75% of its population vaccinated by 2021.
Condominium: Due to COVID-19 and legal work issues, condominium market in both HCMC and HN has been witnessing a downturn in new supply. Primary selling prices continued to increase in both cities.
Industrial: In the South, CBRE recorded that asking rents in some industrial parks in Dong Nai and Long An increased from 5% to 10% y-o-y. At the same time, asking rents in some industrial parks in the North such as Bac Ninh and Hai Phong increased approximately 5% y-o-y.