Demand surges for Ho Chi Minh’s office market, plus additional reports

For PropertyGuru’s real estate news roundup, Ho Chi Minh City’s office market is experiencing record growth in 2024, demonstrating its vitality and resilience. In other headlines, Singapore’s home sales have soared to their highest levels in a decade, raising concerns over potential government cooling measures. Lastly, Hong Kong’s real estate market continues to face challenges in 2025, underscoring the need for policy measures to support the sector.

HCM City’s office market sees robust growth: Knight Frank

HCM City’s office market is experiencing significant growth, with multinational companies driving demand. According to Knight Frank in a VietnamPlus article, in the third quarter of 2024, the total office space in the city reached 2.6 million square metres, with average occupancy hitting 92 percent. The market’s robust performance reflects the increasing interest of foreign firms in establishing a presence in Vietnam’s economic hub, particularly in Grade A and Grade B office spaces. Leasing activities have been spurred by expanding sectors such as technology and finance.

Singapore home sales surge to decade high, stoking curb concerns

Singapore’s home sales have soared to their highest levels in a decade, raising concerns over potential government cooling measures. The Edge Malaysia reports that November alone saw a 45 percent month-on-month increase in new private home sales, driven by robust demand from local and foreign buyers. Analysts attribute the surge to new project launches and buyers acting ahead of potential policy changes. However, the sharp rise in activity is prompting calls for caution as authorities monitor the market’s sustainability and affordability.

Hong Kong’s real estate market faces continued challenges in 2025: JLL

Property consultancy JLL predicted that Hong Kong’s real estate market will face ongoing challenges in 2025. According to RETalk Asia, factors such as high interest rates and economic uncertainty are expected to impact the residential and commercial sectors. Office vacancies remain elevated, while retail recovery continues to lag despite improved tourist arrivals. JLL’s outlook underscores the need for policy measures to support the sector amid a shifting global economic landscape.

The Property Report editors wrote this article. For more information, email: [email protected].