Vietnam’s property market is entering a new phase marked by stabilizing trends and surprising shifts across sectors. The current landscape reveals how everything from office rents to shopping mall strategies are evolving in the real estate sector. The real estate market in Vietnam is showing signs of recovery in the first quarter of 2024, according to a new Avison Young report. While sectoral performance varied across different property types, overall market activity is on the rise following a sluggish period of the Lunar New year holiday, or Tet. Market rebalances The office market underwent considerable changes in Q1. In HCMC, the recent surge in high-quality, green-certified Grade A office space has dramatically altered market dynamics. With about 150,000 square meters of green office space, the market competition intensified among both new and established buildings. The excess supply has put pressure on rents and occupancy across the city. In other words, new buildings like the Hallmark, the METT, and the Nexus are directly competing with older projects, prompting renovations and upgrades in established buildings, such as mPlaza and Vincom Center Dong Khoi. Still, HCMC rents and occupancy rates remained relatively stable in Q1, as property owners strive to maintain their positions, […]
Vietnam’s property market is entering a new phase marked by stabilizing trends and surprising shifts across sectors. The current landscape reveals how everything from office rents to shopping mall strategies are evolving in the real estate sector. The real estate market in Vietnam is showing signs of recovery in the first quarter of 2024, according to a new Avison Young report. While sectoral performance varied across different property types, overall market activity is on the rise following a sluggish period of the Lunar New year holiday, or Tet. Market rebalances The office market underwent considerable changes in Q1. In HCMC, the recent surge in high-quality, green-certified Grade A office space has dramatically altered market dynamics. With about 150,000 square meters of green office space, the market competition intensified among both new and established buildings. The excess supply has put pressure on rents and occupancy across the city. In other words, new buildings like the Hallmark, the METT, and the Nexus are directly competing with older projects, prompting renovations and upgrades in established buildings, such as mPlaza and Vincom Center Dong Khoi. Still, HCMC rents and occupancy rates remained relatively stable in Q1, as property owners strive to maintain their positions, […]
Vietnam’s property market is entering a new phase marked by stabilizing trends and surprising shifts across sectors. The current landscape reveals how everything from office rents to shopping mall strategies are evolving in the real estate sector. The real estate market in Vietnam is showing signs of recovery in the first quarter of 2024, according to a new Avison Young report. While sectoral performance varied across different property types, overall market activity is on the rise following a sluggish period of the Lunar New year holiday, or Tet. Market rebalances The office market underwent considerable changes in Q1. In HCMC, the recent surge in high-quality, green-certified Grade A office space has dramatically altered market dynamics. With about 150,000 square meters of green office space, the market competition intensified among both new and established buildings. The excess supply has put pressure on rents and occupancy across the city. In other words, new buildings like the Hallmark, the METT, and the Nexus are directly competing with older projects, prompting renovations and upgrades in established buildings, such as mPlaza and Vincom Center Dong Khoi. Still, HCMC rents and occupancy rates remained relatively stable in Q1, as property owners strive to maintain their positions, […]
The peak annual general meetings season for 2024 is coming. Apart from business plans, what investors care about most are dividend payment plans and...
HCMC - Vietnam Airlines will operate an additional 2,000 night flights per day during the upcoming holiday and the summer travel season.
The national flag...
HCMC - A prolonged heatwave has gripped HCMC and other provinces in southern Vietnam, with temperatures expected to reach 39 degrees Celsius in some...
HCMC – Skytrax, an international airport rating agency, has unveiled its 2024 rankings for the world's best airports, with the Airports Corporation of Vietnam...