JILL_2022_Vietnam Property Market Brief

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A positive end for a new start – VietNam Property Market Brief

  • As the economy bounced back, Vietnam recorded a positive GDP growth rate in 4Q21
  • Retail sales and international arrivals gradually recovered in the new normal
  • FDI capital increased sharply in 2021, thanks to large projects from “Queen Bees”
  • Vietnam recorded trade surplus in 2021, marking the 6th consecutive year in a row country’s export turnover higher than import’s. 
Category:

Description

Retail Market

  • Slow resuming of footfall after reopening in early October
  • Weak demand led to negative net absorption across all malls
  • Rental concessions were lifted after reopening 
  • Outlook: The market will improve in 2022

Apartment for Sale Market 

  • New supply recovery in “new normality”
  • Strong demand after social distancing
  • Positive price escalation in the primary market
  • Outlook: Market recovery and vibrancy after strict isolation 

Ready-built Landed Property (RBL)

  • Limited supply continues in HCMC, but booms in other provinces
  • Strong investment sentiment recorded in Binh Duong and Dong Nai 
  • Primary prices stable q-o-q
  • Outlook: Infrastructure and population flow will drive RBL further

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