Vietnam Property Market Overview – 4Q19

Vacancy rate in HCMC’s office market remains tight despite new buildings added with rents soaring past the recent peak to reach a decade high.

Vietnam’s economy still achieved impressive growth of 7.02% in 2019, well exceeding the target set by the National Congress of 6.6-6.8%. For the quarter, HCMC’s office rents reached decade high while the residential market also witnessed price accelerating to new high amidst limited supply.

This report was provided by JLL Vietnam. For more information on JLL Vietnam, visit their website at: