The country''s industrial real estate market has been undergoing a significant transformation, not only in terms of scale but also in quality and a focus on sustainability.
New supply in the industrial real estate market in HCM City and neighboring provinces has been slow amid an increase in demand from manufacturing industries during the peak year-end buying season before Tết (Lunar New Year).
This upswing is largely attributed to an ongoing production shift and China-plus One strategy of manufacturers. The rental prices of industrial park lands in tier-1 markets are expected to rise by 5-10 per cent, fueled by robust demand.