Ho Chi Minh City Figures Q3 2025

Office: The average vacancy rate for Grade A offices decreased by 4.2 percentage points q-o-q, recording over 27,000 sqm NLA of net absorption in Q3 2025. In contrast, the Grade B vacancy rate witnessed a slight increase of 1.2 ppts to 13.7%, primarily due to the completion of new supply.
Retail: The retail podium of Saigon Marina IFC in District 1 opened, achieving an occupancy rate of approximately 60%. Following this new supply, the vacancy rate was recorded at 6.7%, representing an increase of 1.5 percentage points (q-o-q) and 1.3 ppts (y-o-y). Asking rent in the Non-CBD area was US$53.7/sqm/month, marking an increase of 1.5% q-o-q and 0.7% y-o-y.
Residential: In HCMC (old) recorded 2,549 newly launched condominium units and 220 landed properties. Most of this supply came from subsequent phases of existing projects, with only one new-to-market low-rise project in Binh Tan introduced.
Industrial land: The Southern industrial land market saw a slowdown due to cautious sentiment. Average asking rents saw only a modest 2% q-o-q increase to US$183/sqm/term, primarily driven by limited supply in well-connected areas.
RBW/RBF segment continued to exhibit positive performance with healthy occupancy rates, primarily driven by strong demand from the logistics and e-commerce sectors. As of Q3 2025, RBW recorded an occupancy rate of 74%, while RBF achieved a high of 96%.