According to the report of the Real Estate Market Assessment Research Institute (VARs IRE), industrial real estate continues to be the "bright star" of the real estate market, with many investment and support policies from the Government, along with improved infrastructure and strategic position in the global supply chain...
In recent times, industrial real estate has continuously maintained its leading position in the Vietnamese real estate market, attracting great attention from domestic and foreign investors.
Industrial real estate still "shines". (Photo: ST)
According to VARs IRE, since the beginning of the year, the country has had 10 more industrial park investment projects approved in principle, many large industrial parks have started construction such as VSIP Lang Son, VSIP Ha Tinh.
Leading enterprises in the real estate sector, including enterprises that previously focused on developing the housing segment as well as several multi-industry corporations such as DIC Holdings, Phat Dat, Khang Dien, Ha Do, etc., have been planning to "acquire" land funds to develop industrial real estate.
Meanwhile, according to a report by the Dat Xanh Services Institute for Economic - Financial - Real Estate Research (Dat Xanh Services - FERI), Vietnam's industrial real estate market recorded stability in supply, while rental demand grew steadily and rental prices tended to increase slightly.
Mr. Luu Quang Tien, Deputy Director of FERI, said that the total supply of industrial real estate in the North and the South remained stable compared to the previous quarter, reaching about 14,500 hectares and 27,700 hectares, respectively. Although there were not many fluctuations compared to the end of 2023, the market still witnessed the development of new projects in many localities, demonstrating increasing interest and investment in this field.
Demand for industrial real estate rentals has grown steadily thanks to the trend of shifting production structure to the industrial sector. The recovery of manufacturing activities in the second quarter of 2024 has also contributed to improving occupancy rates in industrial parks.
Industrial real estate rental prices increased slightly due to high demand while supply has not improved significantly. Specifically, rental prices in the North increased by 2%, reaching an average of 130 USD/m2/remaining term. In the South, rental prices increased by 7%, reaching an average of 190 USD/m2/remaining term.
The average occupancy rate in the North and South remained high. Specifically, the occupancy rate in the North reached 83%, up 3 percentage points over the same period last year, while the occupancy rate in the South reached 92%, up 1 percentage point.
Mr. Tien commented that, in addition to traditional industrial parks, the market has also witnessed the participation of many new investors in pre-built factories and pre-built warehouses, meeting the diverse needs of businesses.
“Overall, Vietnam’s industrial real estate market in the first half of 2024 has seen positive developments. Stable supply, rising rents and high occupancy rates show the sustainable development of this market,” said Mr. Tien.
Source: https://www.congluan.vn/bat-dong-san-viet-nam-tray-trat-hoi-phuc-bat-dong-san-cong-nghiep-van-toa-sang-post303801.html
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