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(Vietnam) CBRE Vietnam MarketView Q2 2020

Ảnh của tác giả: BeInvestorBeInvestor

• Office: HCMC and Hanoi office market started to feel impact from COVID-19 as tenants contracted or relocated to CBD-fringe or non-CBD areas for lower rental rate. On the other hand, some industries such as  Healthcare/Pharmaceuticals, Retail/E-Commerce in HCMC and Banking/Finance/Insurance in Hanoi still witnessed expansion demand.


• Retail: In HCMC, while asking rent remained the previous quarter’s level, there was a surge from vacancy rate, mainly from retail podiums for F&B and local fashion categories. With retailers postponed on site visits and expansion, opening dates of future pipeline continued to be pushed further. In Hanoi, Q2 observed certain adjustments on asking rents and vacancy rate due to impacts from COVID-19. As uncertainty lingers, both landlords and retailers have been extra cautious in business activities, especially in new openings and expansion plans.


• Industrial: Industrial demand remained positive, leading to the positive rental growth. However, leasing activity has been affected by cancellation of site visit trips. Besides, the pandemic has served as a catalyst for a stronger warehouse demand thanks to rapid expansion of E-commerce and backlog of goods.


• Condominium: New launch supply in HCMC hit the lowest point in the last five years and foreign developers were especially quiet in H1 2020. In Hanoi, the sales picked up in Q2 thanks to active sales activities after end of nationwide isolation period. Diversification in sales channels (online channels combined with direct marketing via sales events, etc.) have boosted the sales during the quarter.


Source: CBRE Vietnam

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