Downside risk for retail property market


Shifting trends: A shopping mall in Ho Chi Minh City. Business organisations say consumer confidence has been weaker so far this year. — Bloomberg

HO CHI MINH CITY: The affordable and mid-range segments will remain pivotal in Ho Chi Minh City’s retail property this year, experts say.

Thanh Nguyen, head of research and consulting at property consultants CBRE HCM City, said, “In response to consumer preferences, landlords are refining their tenant mix to focus on categories like food and beverage, fashion and accessories, lifestyle, and entertainment. This trend is expected to persist this year, catering to consumers of all age groups.”

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