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.