October 25, 2011
Vietnam’s office rents will fall as much as 7 percent in 2012 because buildings are completed at a faster rate than business expansion, said Jones Lang LaSalle Inc., the world’s second-biggest commercial property broker. The new properties will boost the nation’s grade A office space by about a third in 2012, pushing rents down [...]
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October 8, 2011
Four years after a real estate boom that saw investors camp out on the streets waiting to pay cash for unbuilt apartments, Vietnam’s once-hot property market has caught a chill. High inflation and interest rates along with a government-imposed credit squeeze have led to a fall in prices and other incentives to entice residential [...]
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April 24, 2011
Prime office spaces struggle to attract tenants in HCMC Visitors look at models of residential and office towers at a real estate exhibition in Ho Chi Minh City. A surplus of office spaces has pushed down rental rates. As increasing supply applies downward pressure on rentals, the office space segment has become a buyer’s [...]
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March 17, 2011
Workers at a construction site of an apartment project in Ho Chi Minh City Twenty-four-year-old Nguyen Thi Hoa lives in the slums of Kim Chung Commune in Hanoi’s Dong Anh District along with many other low-income workers from nearby industrial parks. The Hai Duong native moved to this place two years ago after getting a [...]
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January 16, 2011
Average office rent in Ho Chi Minh City decreased by 2 percent in 2010's last quarter Average office rents in both Hanoi and Ho Chi Minh City continued to fall in the last quarter of 2010 as supply kept growing, according to UK-based real estate service provider Savills. In Hanoi, the market saw a decline [...]
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January 24, 2010
Pedestrians walk past Saigon Tower, an office building in Ho Chi Minh Cityâs District 1 Vietnamâs retail property market will see a boom in rentals this year while the office market will remain weak due to increased supply, real estate firms have forecast. Service provider Savills has said office rents will continue its declining trend [...]
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December 9, 2009
The property market in the central coast city of Danang might be less busy than in HCMC, but the tourism property segment there is burgeoning offering both hi-end . . . Projects to build villas for sales are emerging quickly in the region, and in the next couple of years, there will be significant villa [...]
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December 9, 2009
LookAtVietnam – Unlike the third quarter of the year, the forecast now sees a 5-7 percent increase in the fourth quarter thanks to the economic recovery. According to Savills Vietnam, real estate service provider, A and B class office rents continued decreasing by 4.5 and 2 percent in the third quarter of the year. Only [...]
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November 28, 2009
Increasing office supply in Vietnam is rapidly outpacing demand, sparking debate as to whether or not prices have actually bottomed out yet. A director of an office building in Ho Chi Minh City’s District 1 said more clients were looking for leases toward the end of the year as their current contracts were about to [...]
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September 14, 2009
LookAtVietnam – The demand for commercial real estate is still very high even in the economic downturn, because consumers have gotten used to going shopping at trade centres. Supply grows, but rents don’t fall Tran Van Hung, head of leasing at Eden Mall in the Saigon area of HCM City, said that the great majority of [...]
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