SITUATION OF VIETNAM REAL ESTATE MARKET Q1/2021

Industrial real estate market

In the first quarter of 2021, the Industrial real estate market with successes
Preventing the Covid-19 epidemic, positive results for the overall economic development. Vietnam continues to be an attractive destination, attracting international investors and manufacturers. Therefore, the development prospect of Industrial Parks in Vietnam remains good. In addition to the content assessed in the report of the Association 2020. Currently, most of the provinces and cities that are capable of industrial development have a phenomenon of proposing the development of new Industrial Parks.

Commercial real estate market

The economy keeps growing, FDI capital increases and SIC of domestic enterprises is recovering well. Therefore, the office rental market in major cities in Vietnam is active again in early 2021. Shops and commercial shops also show growth after the Lunar New Year holiday 2021. About 50 % of stores that closed in 2020 have reopened.

- Rental price in Hanoi:
Grade A office space has an average rental price of $25 - $50/m
Grade B office space has an average rental price of $15 – $25/m
Grade C office space has an average rental price of 10$ – 15$/m

- Rental price in the city. Ho Chi Minh:
Grade A office space has an average rental price of 40$ – 60$/m
Grade B office space has an average rental price of $25 - $40/m
Grade C office space has an average rental price of 10$ – 25$/m

Tourism and resort real estate market:

The first quarter of the tourism - resort real estate market has been vibrant again. With series The project is offered for sale and has transactions. For example, like:

- In Quang Ninh, there is Sonasea Project in Van Don, À La Carte Ha Long
- Da Nang has The Impive
- Nha Trang has ASTH . Project
- Ba Ria Vung Tau has The Maris . project
- Phu Quoc is vibrant with projects of Sun Group in the South Island and Vin Group in the North Island.

Real Estate Appraisal Service:

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