VIETNAM REAL ESTATE INVESMENT MARKET OVERVIEW AND OUTLOOK Q2.2023
PERFORMACE
The rent remains at a steady level.
Stable rental prices were observed in the office market of Ho Chi Minh in Q2 2023.However, the occupancy rate slightly decreased compared to the previous quarter, with Grade A offices reaching 92% and Grade B offices achieving 75%. Additionally, the average rental prices remained relatively unchanged, with Grade A offices ranging from 41-67 USD/sqm/month and Grade B offices around 36 USD/sqm/month. New projects entering the market in outer CBD areas showed a promising occupancy rate of approximately 20-25%. Furthermore, investor are actively seeking tenants, and it is expected that the occupancy rate will increase in the near future.
Source: Colliers (Vietnam)
Source: Colliers (Vietnam)
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Why Are Offices Still Important in the Digital Age? New technologies are changing the way companies work and compete with each other. Technology is not only affecting how companies work but have made an impact in working spaces too. In the past three years, we have seen growing trends of open workspaces and even virtual offices. Although the concepts of virtual offices and open workspaces have some merits and may cater to the needs of working, the traditional concept of ‘the office’ retains many of its benefits
Virtual Office vs. Shared Office – Which is best for your workspace needs? A large number of organizations, especially entrepreneurs and small business owners in Vietnam are now looking for workspace options with great flexibility but still minimizing their operation costs, and as a result, virtual and shared offices have incredibly increased in popularity.
Both two types of offices can save your business the cost and hassle of setting up an office from scratch, but do you know which one is best for you?
Another reason to want the corner office: It's good for your health While most of us are sleeping, Keith Jones spends his nights driving a truck. The Charlotte, North Carolina, resident says he doesn't mind the overnights -- the dark and the quiet time help him think. But during the day when he's at his home office filing paperwork, he says has to work in front of the window. The daylight, he says, is essential.
VIETNAM NEWS HIGHLIGHTS - JUNE 2021. Vietnam progressively put in place a range of social distancing and movement restrictions during the fourth wave of Covid-19, which will have long-term and inequitable impacts on its economy. However, in comparison with countries in the region, Vietnam has been the least hit and is expected to be the fastest economy to recover.
HCMC office market set to become tenant-favorable in 2023
Ho Chi Minh City’s office market is likely to witness a transition from a landlord-favorable to a tenant-favorable sector in the new year, according to data released Friday by Knight Frank Vietnam.
Capping off a year that proved solid for landlords, this fourth quarter saw moderate year-on-year rent increases for Grade A landlords to the tune of 2.6%, and a positive net absorption mostly coming from the Saigon South sub-market in HCMC, Vietnam’s largest economic hub, according to the real estate firm.
Việt Nam hopes to attract more capital from South Korea 
