In HCMC, the average asking rent for grade A office space has edged up to $52.2 per square meter per month from below $50 in the fourth quarter of last year, according to a report by real estate firm Colliers International Vietnam. In Hanoi, rents were up to $35.9 from below $35. "Rents are expected to continue to rise thanks to strong demand for office space and Hanoi’s improving economy," the report said. Both cities have high occupancy rates. In HCMC the first quarter rate was 95 percent, while in Hanoi it was 96 percent. Despite their high rents, grade A offices are still preferred by large international companies in HCMC due to their ease of access, premium image and facilities. In Hanoi, the improving infrastructure would continue to attract big-name office tenants to the market such as banking, finance and insurance companies. The west of Hanoi is the up-and-coming office destination in the city thanks to the availability of land, well-established infrastructure and … [Read more...] about Saigon, Hanoi premium office rents rise on low supply
Colliers international vietnam
Spaces enters coworking space market in Vietnam
Customers work at a Spaces office. Spaces has opened its first coworking space center at 28 Tran Hung Dao, Hanoi City Lars Wittig, vice chairman of sales at International Workplace Group (IWG) in ASEAN, Taiwan and South Korea, said that the first Hanoi-based center owned by Spaces, one of IWG’s eight brands, is the first in Asia, adding that the launch proved the great attractiveness of the Vietnamese market to the brand. Spaces currently has 3,000 business venues across the world, supplying customers with convenient shared workspaces. Wittig said that the Vietnamese market boasts great potential for growth. Prior to the launch of the Spaces center in Hanoi City, IWG had opened centers providing a coworking space service in Vietnam under the brand “Regus.” Regus owns eight coworking space centers and one conference center in Vietnam, covering a combined floor area of 9,000 square meters. The Spaces center in Hanoi, whose area is one-third as wide as the total area … [Read more...] about Spaces enters coworking space market in Vietnam
Đà Nẵng condotel market slows but remains robust
In the near future the supply of condotels in Đà Nẵng will continue to expand, leading to fiercer competition. — Photo batdongsanexpress.vn HCM CITY — Due to the unclear regulations on condotels, the market in Đà Nẵng slowed down in the first quarter, according to Colliers International Vietnam’s Quarterly Knowledge Report. Buyers are becoming more cautious about developers’ promises of lofty returns, and developers themselves are also adopting caution before introducing new products, the report on the first quarter real estate market said. Though the future of condotels is unclear, investors evidently have persistent interest in the potential for future returns. In the near future the condotel supply in Đà Nẵng will continue to expand, leading to fiercer competition between developers. Thus, new projects will have to differentiate themselves by unique design and attractive sales … [Read more...] about Đà Nẵng condotel market slows but remains robust
Frasers Hospitality opens second property in Hanoi
Artist’s impression of Fraser Residence Hanoi, scheduled to open in 2020 Situated opposite the lush green Hoa Binh Park and within proximity of specially zoned high-end residential areas such as Ciputra Hanoi International City and the new diplomatic precinct, Fraser Residence Hanoi offers panoramic views of the park, an extensive range of leisure amenities and a tranquil environment. Strategically located to meet the needs of business travellers, the 216-unit property is also minutes away from the Pham Van Dong highway, which connects the city centre, Noi Bai International Airport and key business centres. To build on its success and tap into continued business and tourism growth in Vietnam, a new 96-unit wing will also be added to Fraser Suites Hanoi in the heart of the scenic West Lake district. The serviced apartments feature fully furnished units from studios to penthouses and a wide host of facilities and amenities, including a 24-hour gym, business meeting facilities … [Read more...] about Frasers Hospitality opens second property in Hanoi
Tien Thinh International opens investment opportunities in Australia
Aiming to provide proper information on Australian investment opportunities as well as detailed explanations on the real estate purchase process in Australia, in early October 2018, Tien Thinh International hosted the Business Migration & Investment Opportunities In Australia 2018 Conferences with the theme of Commercial And Residential Property Investment In Australia in three major cities, including Ho Chi Minh City (October 9), Haiphong (October 11), and Hanoi (October 12). Tien Thinh International held three seminars about investment opportunities for Vietnamese firms in Australia The event has been successfully conducted with more than 100 potential attendees from the three major cities in Vietnam. Opening the event, Le Thanh Tung, director of Tien Thinh International, provided useful information on business migration and investment opportunities in Australia. Besides, Tung introduced the latest customer services recently launched by Tien Thinh International, such as … [Read more...] about Tien Thinh International opens investment opportunities in Australia