Demand is strong enough to absorb nobtable new supply.
Hanoi office market offers yield higher than Manila, Adelaide, Ho Chi Minh City and Perth.
Vietnamese market has the potential for upsurge of more sophisticated office projects, following all current global megatrends, according to real estate experts.
The office market in the last three months of 2018 is projected to be extremely booming with the entry of Thai Square- Grade A office building in Centre Business District (CBD) and three Grade B office buildings in the west area, according to CBRE.
Despite the appearance of new office buildings, large demand has left hardly any space in central Hanoi and Ho Chi Minh City (HCMC), which may continue to see rising rental prices.
The overall Vietnam property market is trending upward, across all sectors, with a particularly positive outlook for the office market.
According to quarterly report highlights in Ho Chi Minh City market of CBRE, accumulated supply of new launches from 1999 to the end of first nine months of 2017 reached 220,217 units and high-end segment reduced its proportion for mid-end and affordable segments.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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