Vietnam’s struggling real estate market is still facing many challenges ahead. Cushman & Wakefield Vietnam general manager Chris Brown said 2013 was expected to remain a buyer’s market with falling prices. Demand for accommodation in Vietnam remained high, with its large, growing population and rising number of mid-income earners offering strong potential, Brown said. However, the market... 

Owners of serviced apartment buildings in the near future will have to face a much fiercer competition in attracting tenants as many commercial condo projects are shifting to offering the same housing service. Despite the stability compared to other segments, serviced flats will soon have to share customers with apartments that have been or will be leased out by secondary investors and project owners. For... 

HANOI – Rentals of the office leasing segment in Hanoi will continue falling in the coming time, according to many local research market companies. A recent report of CB Richard Ellis Vietnam (CBRE) shows that grade B office rent dipped by 7% while rent of grade A spaces tumbled 3.6% in this year’s third quarter, with a contraction of up to 9% recorded at a number of buildings. As of the third... 

Several pharmaceutical companies have moved into new office quarters in Ho Chi Minh City and Hanoi in recent months, according to the commercial real estate firm Cushman & Wakefield Vietnam. Robert Johnston, national head of Cushman & Wakefield Vietnam said that these tenants were taking advantage of the favorable market conditions and the improved build specification from the new supply in... 

Offices for lease along with commercial and retail center areas are usually leased out by property project developers but lately the real estate market has witnessed an upward trend of project owners selling these spaces, wholly or partially, for their partners. The property consultant firm Knight Frank Vietnam said it has just signed a cooperation contract with Inveskia Co., a joint venture between... 

The glum market has continued pounding real estate companies, with some listed firms recently reporting more lost profit in the second half. Phat Dat Property Development Corporation racked up losses of VND14 billion in the first half but its second-half report put after-tax profit at VND22.5 billion. The company attributed the earnings to the transfer of the sixth floor and basement of The Everich... 

Unlike the residential sales segment which has experienced a lot of difficulties due to a severe market downturn, the serviced apartment market has registered stable growth thanks to having a limited supply and targeting a narrow segment of customers, mostly the expatriate community. The leasing market saw positive signals and had stable growth during the first half of this year, with occupancy increasing... 

Cushman & Wakefield, a property services provider, said it has been selected by VinaCapital Real Estate Company to help sell an office building under construction in HCMC’s District 7. The property consultant firm told a news briefing in the city on Tuesday VinaCapital Real Estate was seeking a buyer for the whole building in the new urban town of Phu My Hung. The owner would also consider selling... 

For the first time, Hopefluent Properties Group (HKSE:733 www.hopefluent.com) has expanded its business as a property services provider beyond China by signing a master franchise with the Vietnamese partner Compass Real Estate Corporation (Compareal www.compa.vn) to become a new player in one of the most potential property markets in the world. For many property developers, Vietnam, with a population... 

For a long time, Vietnamese real estate developers had to use foreign real estate service providers as their marketing representatives, considering foreign names as the guarantee for their projects’ success. However, they have changed their mind nowadays. According to experts, the real estate service market (marketing, distribution, appraisal, investment consultancy and project management) has,...