Search results: retail market

The absorption rate Ho Chi Minh City real estate market is expected to have mild recovery in Q4 2020 while asking rents and selling prices are expected to maintain the current level, backed by short-term rental support policy from developers to improve their competitive advantage.

According to Global Consumer Confidence Survey by Nielsen, Vietnam’s Consumer Confidence Index reached 122 points, ranked fourth in the list of the most optimistic countries in the world. This challenge is likely to continue in the coming year with limited new supply in central business district.

The supply of retail space in the CBD area continues to be limited because there was not much progress made on the construction of most future supply and the launch dates of some were delayed until next year.

Vietnam’s retail market has jumped to 6th place, higher than some developed markets in the region such as Singapore, Hong Kong, Indonesia and showing high potential for further growth. Vietnam market achieved high scores in terms of market saturation with good scope for growth. Saturation in both Hanoi and Ho Chi Minh City is far behind the levels seen in some other SEA cities.

In 2018, the East and South will continue to be hotspots of the market with more new launches condominium / apartment. Within the next three years, office and retail market will be more competitive as a large amount of supply from community retail podium will be launched. Rental growth will increase at a slower pace as existing supply will remedy their rents more strategically while vacancy rate will surge up momentarily before dropping down

Vietnam continue attracting foreign investors in 2018 and next ten years". Apart from subjective factors, in terms of objective factors; domestic market with the size of significant "population compared with other countries, young and dynamic population, middle class is increasing, urbanization grows fast pace will be make force the demand not only for housing market, also retail market, office building, etc.

With the narrow land fund in Ho Chi Minh City present, daily traffic jam; office rentals and other service are rising will be make burden for business, that is the reason why the tenant looking out form Ho Chi Minh City centre. Thu Thiem county town will be one of new centers in the future.