Although high inflation and signs of economic recession in the US and Europe have been covering the picture of the global real estate market with gloomy colors in Asia-Pacific.
Industrial real estate was recognised as a bright spot of the entire market in 2022.
The southern provinces have the highest average occupancy rate in the country, reaching around 85%.
The most recent notable deals of foreign investors that took place at the end of 2022 include Malaysian property developer Gamuda Land has acquired a local company to develop a high-rise apartment building in Thu Duc of Ho Chi Minh City.
The site, covering approximately three hectares, will consist of 1,300 apartment units. The total gross development value of the project is estimated to be over $250 million.