2025-07-17-莱坊-Vietnam_Real_Estate_Market_Quarterly_Market_Highlights_Q2_2025页_950kb

Vietnam Real Estate Market Summary - Q2 2025

Vietnam Economy Highlights

• GDP Growth: H1 2025 GDP grew 7.52% YoY, third fastest in the region. Industrial output surged 9.2%, exports rose 14.4% to $219.8B.
• Inflation: CPI remained low at 3.27%, under SBV’s 4.5% ceiling, boosting investor confidence despite tariff concerns.
• FDI: FDI increased 8.1% YoY to $11.7B, with focus on industrial parks and high-tech zones.

Ho Chi Minh City (HCMC)

Office Market

• Rentals: Grade A CBD rent rose 3.3% YoY to $65/sqm, driven by new supply like Marina Central Tower.
• Absorption: Q2 2025 leased 1.6M sqm, with no new Grade A supply projected for 2025-2026.
• Segments: CBD dominates (51% stock), Grade B rents stable at $33.4/sqm.

Apartment Market

• Supply & Absorption: New supply doubled to 1,500 units, absorption rate 48%, primary price $3,729/sqm.
• Affordable Focus: Affordable developments returned, supported by price stability in existing stock.

Industrial Park Market

• Leasing: Average rent rose 4.4% YoY to $169/sqm, occupancy >90%.
• Drivers: Strong demand from foreign manufacturers; Prodezi Eco Long An Phase 1 added ~85ha.

Ready-Built Factory Market

• Rentals: Average rent rose 0.7% YoY to $4.9/sqm, with Dong Nai leading supply.

Ready-Built Warehouse Market

• Rentals: Average rent rose 1% YoY to $4.4/sqm, driven by e-commerce and logistics growth.

Hotel Market (5-Star)

• Recovery: ADR $152/room/night, occupancy ~70%, boosted by tourism festivals and visa relaxations.

Hanoi Real Estate Market

Office Market

• Stability: No new supply in Q2; Grade A rent $36/sqm, vacancy 24%.
• Pipeline: West & Westlake areas key for future decentralization, with multiple new developments underway.

Apartment Market

• Price Trends: Primary price $3,284/sqm, absorption 85%, with Nam Tu Liem & Ha Dong leading price hikes to $4,500-$5,000/sqm.

Northern Provinces (Bac Ninh, Hai Phong, Hung Yen)

Industrial Park Market

• Expansion: Supply 280ha H1 2025, average rent $136/sqm, driven by FDI.
• Hotspots: Hai Phong, Bac Ninh, Hung Yen key growth areas.

Ready-Built Factory Market

• FDI Boost: Average rent $5.2/sqm, with Bac Ninh & Hai Phong leading transactions.

Ready-Built Warehouse Market

• Logistics Growth: Average rent $4.6/sqm, with new developments in Bac Ninh & Hung Yen.

5-Star Hotel Market

• Recovery: ADR $135.5/room/night, occupancy 67%, driven by new supply (Dusit Le Palais) and tourism demand.