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Office rent seen down, retail space demand strong |
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Written by Administrator
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Wednesday, 18 February 2009 |
Office buildings of all grades in HCM City have seen a double digit decline in rent in the fourth quarter as compared to the first three months of this year, while demand for retail spaces is projected to run high in the months to come, say property market reports.
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Real estate market could rally by 2009-end |
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Written by Administrator
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Wednesday, 18 February 2009 |
Only by the end of 2009, will the real estate market be able to recover. Although demand for real estate is very huge, the real estate transactions are difficult to be conducted because the speculators offered virtual prices.
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HCM City's office leasing price surges over 50% |
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Written by Administrator
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Wednesday, 18 February 2009 |
In 2008, the office leasing prices in HCM City has surged by 51.4% year-on-year. The average price is about US$76 a square metre a month, ranking 16th amongst the cities with the most expensive office price, according to the 2008 global report of CBRE real estate consulting firm until September 30, 2008.
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Door unlocks demand |
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Written by Administrator
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Wednesday, 18 February 2009 |
Demand for serviced apartments in Hanoi and HCM City will likely increase despite a growing financial crisis.
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Nam Long gets strategic foreign shareholders |
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Written by Administrator
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Wednesday, 18 February 2009 |
The domestic property development firm Nam Long Investment Corp has announced its cooperation with first two foreign strategic partners through a US$28 million private placement.
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Golf course projected for Tan Son Nhat airport |
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Written by Administrator
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Wednesday, 18 February 2009 |
HCM City People's Committee has approved a detailed project for building golf course and service area at Tan Son Nhat airport under the management of Ministry of Defense.
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Trade ministry forecasts retail space in Hanoi |
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Written by Administrator
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Wednesday, 18 February 2009 |
January 2009, Vietnam will officially open its retail sector for 100% foreign invested companies as per the WTO commitments. The trend is also changing in Vietnam with more and more people preferring to shop at modern trade centres (shopping malls, online shopping, supermarkets, and self-service stores) than at traditional market stalls.
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