Want some cool toys for your kids without the novelty wearing off when little boys and girls no longer want them? If yes is the answer, toy rental may be for you. Want some cool toys for your kids without the novelty wearing off when little boys and girls no longer want them? If yes is the answer, toy rental may be for you. Nguyen Thi Cam Tu, 31, who lives in a 70-square-meter apartment in Tan Phu District, Ho Chi Minh City, dedicates a 2-square-meter section of her home to her eldest son’s ‘playground.’ Surrounded by a pile of toys of all kinds, the nine-month-old infant giggles at the sounds produced by a keyboard in the form of a panda which his mother plays. Tu says that the fence she used to build around her son’s ‘playground’ and all the lovable paraphernalia were rented from a toy shop in Binh Thanh District. She would regularly pamper her baby with loads of toys, who soon grew tired of them as the novelty wore off. The young mother … [Read more...] about Toy rental now a fad in Ho Chi Minh City
Apartment rental ho chi minh city
Ho Chi Minh City speeds up low-income housing investment
The Ho Chi Minh City Department of Construction plans to speed up the granting of investment licenses for social housing projects and redress administrative procedures to provide housing to low-income residents. Social housing is to accommodate the poor, near-poor, State staff, and people who have been recognized as making a great contribution to the country’s revolutions. Speaking at a forum held in Ho Chi Minh City early this week, Tran Trong Tuan, director of the Department of Construction, said a one-stop policy will begin in October to ensure faster granting of licenses to investors. Investors will only have to apply for licenses at one agency, the Department of Construction. From 2006 to 2015, the People’s Committee approved 51 social housing (low-income) projects with a total of 48,000 apartments, according to the department. Of the projects, only 12 projects with 3,800 apartments have been completed. Slow progress was caused by the lack of preferential policies and … [Read more...] about Ho Chi Minh City speeds up low-income housing investment
Ho Chi Minh City office rents continue rapid rise
The office market in Ho Chi Minh City is strengthening with falling vacancy levels and increasing rental rates, bucking trends in Asian countries, according to property consultant CB Richard Ellis Vietnam (CBRE). CBRE's comments on the southern hub's property market were given last week in a press briefing, minutes before the opening ceremony of its new offices in Vietnam. It detailed that the average rent per square metre per month (including service charge and VAT) for grade A spaces ranges from $25-28, grade B from $19-22 and grade C from $14-17. CBRE's managing director Marc Townsend was quoted by CBRE global rent report as saying that grade A office rents in Ho Chi Minh City were now the fifth highest in Asia with only Tokyo, Mumbai, Hong Kong and Seoul more expensive (refer to table below left). Looking ahead to the fourth quarter of 2003 and the year 2004, Townsend said: "Office rents will be on the rise due to high demand. "Demand is increasing due to the number of … [Read more...] about Ho Chi Minh City office rents continue rapid rise
Toy rentals becoming more popular in Ho Chi Minh City
Young children persuading their parents to let them ride a tricycle 'taxi' has recently become a common sight in a park in District 11, Ho Chi Minh City. To suit the small children the tricycles, which are also called Vietnamese rickshaws or pedicabs, or trishaws with passengers sitting in front of drivers, have been downsized and decorated with lights and colors. … [Read more...] about Toy rentals becoming more popular in Ho Chi Minh City
DTZ Research: Ho Chi Minh property market to soften through 2012
Demand for office space has remained largely stable over Q1 and Q2, but pipeline supply and slower economy forecast to depress rents - Pipeline supply of retail space and weaker consumer spending power expected to pull retail rents downwards - Decline in lending and bank deposit rates fail to stimulate demand in residential sector which continues to stagnate Vietnam: With the exception of the office sector, which proved relatively resilient, Ho Chi Minh City's retail and residential markets have been adversely affected by weak consumer spending-power and an interplay of financial and supply-side factors, according to DTZ, part of UGL Services, a division of UGL Limited (ASX: UGL). Office Demand for office space has remained largely stable through Q1 and Q2, as evident from a corresponding stability in occupancy rates. Leasing activity was mainly from existing occupants taking advantage of the current low rents to upgrade to better quality offices. With no new space added to or … [Read more...] about DTZ Research: Ho Chi Minh property market to soften through 2012