Hanoi apartment market Q1/2020: Grade B suffers
The absorption fell 57% on-quarter and 51% on-year to 17% during the quarter.
The absorption fell 57% on-quarter and 51% on-year to 17% during the quarter.
As the occupancy rate dropped due to impacts of the pandemic, landlords rolled out supportive measures.
Due to the thin supply, rental continued to grow during the quarter.
The two cities were among few regional metropolises offering investors high investment returns in 2019.
The new launch drives up the total supply of Grade B segment to 1.8 million square meters.