Hanoi and Ho Chi Minh City were among 50 cities in the world with the highest prime office rents last year, even after a sharp fall, according to a new report by real estate group Knight Frank. Office buildings in downtown Ho Chi Minh City … [Read more...] about Hanoi, Ho Chi Minh City among most expensive office markets: report
Ho chi minh city square
Ho Chi Minh City luxury apartment market continues to languish
People who bought luxury apartments in Ho Chi Minh City are finding out that selling them is a hard task since demand has plunged because of the economic meltdown while supply is high. A penthouse in Ho Chi Minh City … [Read more...] about Ho Chi Minh City luxury apartment market continues to languish
Ho Chi Minh City aims for 2.7 million square metres of social housing
The Ministry of Construction and the Ho Chi Minh City People's Committee have worked with each other to carry out the housing development strategy until 2020 with a vision until 2030, under which the city targets to provide 2.7 million square metres of social housing space by 2015. Of the area, 600,000 square metres are expected to be reserved to accommodate 100,000 students from universities and vocational training centres, 1.3 million square metres for 17,500 flats for low-income people in urban areas, and 800,000 square metres to accommodate 93,000 workers. Under the strategy, the city also aims to replace 25 seriously downgraded apartment buildings with 350,000 square metres of floor for 6,500 flats. On average, each year the city is expected to provide one million square metres of social housing floor for residents. According to Minister of Construction Trinh Dinh Dung, the ministry will create conditions for coordination between state-owned corporations under the ministry and … [Read more...] about Ho Chi Minh City aims for 2.7 million square metres of social housing
Ho Chi Minh City ranks 45 globally for most costly office rental
Photo: VNN. According to a market survey on global office rental prices by the CB Richard Ellis Company, the western and central areas of London; 5 centre districts and 5 near by districts of Tokyo are most expensive places. Vietnam’s Ho Chi Minh City ranked 45 th among 50 markets with the highest office rental fees. The city is also included in the list of 14 markets worldwide with the most rapid rise in office rental prices; up by 33.3% within a year. The survey was based on statistics collected in the past 12 months. Conaught Place in central New Delhi (India) has just entered the list of the world‘s 10 most expensive places. Office rental fee is of US $104.02/ per square metre while Mumbai jumped to 5 th (from 7 th) with US $124.11/ per square metre. Manhattan is the most costly place in Northern America at US $62.27/ per square metre ranking 21 st in the list of the world’s most expensive markets. Abu Dhabi is leading the world with an increase of office … [Read more...] about Ho Chi Minh City ranks 45 globally for most costly office rental
In a Ho Chi Minh City corner, all things Hanoi
The Banh Mi Hanoi shop on Nguyen Thien Thuat Street is a welcome sensory feast for every Hanoian. Located on a busy area in District 3, this big shop offers hundreds of items that are typical of the capital city. They are all over the place, hanging from roofs and piled up on shelves in an apparently ad hoc manner, but once you order an item, you discover that there is some 'method in the madness.' The shop offers Qua (traditional Hanoian snacks) and other foodstuff. There is plenty of choice at reasonable prices, starting at around VND7,000 for a cake. For around VND200,000, I was able to choose up to 25 cakes of 10 different kinds for a weekend picnic with friends. Another day, I noticed that busy female customers stopped by to buy readymade food like fried field crabs and pork pie, which are usually served with steamed rice for dinner. Other Hanoi favorites at the shop include fresh foodstuff that has just been prepared during the day, like xoi (sticky rice), which has … [Read more...] about In a Ho Chi Minh City corner, all things Hanoi