HCM City property retail market to recover

  • Apartment buildings in Thu Duc sub-city. VNA Photo: Hồng Đạt
    Apartment buildings in Thu Duc sub-city. VNA Photo: Hồng Đạt
  • Apartment buildings on Dien Bien Phu street, Binh Thanh district. VNA Photo: Hồng Đạt
    Apartment buildings on Dien Bien Phu street, Binh Thanh district. VNA Photo: Hồng Đạt
  • Apartment buildings in District 4. VNA Photo: Hồng Đạt
    Apartment buildings in District 4. VNA Photo: Hồng Đạt
  • Future retail property projects are on the rise, with approximately 140,000 sq.m of floor space currently under construction. VNA Photo: Hồng Đạt
    Future retail property projects are on the rise, with approximately 140,000 sq.m of floor space currently under construction. VNA Photo: Hồng Đạt
The Ho Chi Minh City commercial property market has returned to its growth trajectory from before the COVID-19 pandemic thanks to the retail and services sector as well as increasing number of foreign visitors to the city, experts said. According to the city’s Department of Industry and Trade, the city’s total retail sales and services in the first nine months of 2022 reached 466 trillion VND (177 billion USD), up 21% over the same period a year ago. During this period, international visitors hit 1.87 million, 16.4 times higher than the same period last year. About 70% of those visitors came from Asia. Thanks to these positive signals, the property market has recovered. VNA Photo: Hồng Đạt

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