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Strong net absorption forecasted in 2022 will ensure a stable occupancy rate. With the abundant supply coming, average asking rents of current projects are expected to slightly increased 1 – 2% to year end
The Hanoi retail market has not yet seen significant changes in Q1 with no new supply. However, as eased social distancing measures continue to take place along with booster-dose vaccination campaigns, a strong bounce-back and optimistic market sentiment are expected in the year.
Limited new launches due to disruption of Tet holiday and a new wave ofCOVID-19 allowed sold units to continue to exceed new launches. Primary prices continue to rise.
Although there were three new projects coming into operation this quarter in Bac Ninh, average occupancy of industrial parks in key northern industrial markets remained positive.