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)




news relative
Ho Chi Minh City plans to resume all economic activities after January 15, 2022, what should enterprises do to re-start their business?
By cafef.vn, HCMC plans to reopen all economic activities after January 15, 2022 in a three-phase roadmap through a so-called “Covid-19 card”. In addition, the City also offers many solutions to support enterprises recover their business and manufacturing after the Covid-19 pandemic.
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
Why should Startups consider starting with a serviced office instead of a traditional one?
Unlike traditional office spaces, a serviced office is usually divided into smaller private offices leased out to different individuals and businesses, so the serviced office is like a mixture of a traditional office and co-working space, where you can benefit both community and privacy.
VIETNAM NEWS HIGHLIGHTS - AUGUST 2021
The Vietnamese Government is showing its drastic actions to implement its vaccine diplomacy policy for containing the Covid-19 pandemic to soon return to new normal life and recover the manufacturing nationwide.
Things foreign employers should know when working with Vietnamese employees
Vietnam continues to be a popular investment location, with many foreigners from all over the world flocking to the country to work as expats or start enterprises. However, some people have had difficulties understanding and building positive relationships with the Vietnamese people. If you're one of them, this article somehow can help!
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