Statistics on the property market will be more detailed as the HCMC government has assigned the Department of Construction to create indices on the property market in the city. The upcoming indices covering apartments, land lots and office buildings are expected to serve as a reference for agencies, organizations and individuals in managing and developing the property market. Apartments will be... 

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... 

There are some signs that office rental prices are following a downward trend. The warning came from Greg Ohan, director of Office Leasing Department of CBRE Vietnam at a press conference held in HCM City on September 25. Mr Ohan said by the end of the third quarter, the average leasing price of level A offices had dropped slightly to more than US$30 per square metre per month and many companies planned... 

Property services provider Jones Lang LaSalle says VIB–NGT Company Limited has picked it to provide property management services for the CornerStone building in the capital city of Hanoi. The firm says the new Grade A office development offers the market in Hanoi some 25,890 square meters, with large floor plates boasting 2,000 square meters of extra amenities and services. Commenting on the office... 

Sacom-Chip Sang Co. Ltd. (SCS) on Wednesday inaugurated the SCS Internet Building at Saigon High Tech Park in HCMC’s District 9 after one year of construction. The project owner has spent VND225 billion transforming a 5,700-square-meter land site into a nine-story office building, supplying some 16,000 square meters of office space to the hi-tech park. SCS is a 70:30 joint venture between Sacom... 

Grade A and B office rents in HCMC are expected to recover from 2013 after plunging steadily over the past three years. According to Savills Vietnam, office supply will slow down in the coming time while demand for grade A and B offices for lease will keep rising. Truong An Duong, head of Research and Consultancy Department of Savills Vietnam, said the company bases its forecast on supply and demand... 

Ernst & Young has relocated its Ho Chi Minh City office in District 1 to Bitexco Financial Tower. This relocation represents a significant improvement in floor area and building specification. Christopher Butler, office managing partner of Ernst & Young Ho Chi Minh City, said “We are delighted with our new office. The facilities are excellent and the address unrivalled with Bitexco Financial... 

Ho Chi Minh City office tenants are being urged to take advantage of  low rents and incentives to upgrade their accommodation before the window of opportunity closes. After office rents peaked in 2007, they have continuously decreased due to oversupply and the global financial crisis one year later. However, financial woes have seen the construction of some office projects in the second city put... 

The 68-floor Bitexco Financial Tower is offering cut-price office leasing as the owner bids to fill the city’s tallest building. The new leasing price ranges from VND615,000-VND1,130,000 per square meter, equivalent to US$30-55 – a huge drop from last year’s US$39-65 psm. William P. Badger, marketing director of Bitexco Group, said that the cut in rents is a move to attract potential tenants... 

Keangnam Hanoi Landmark Tower is changing Hanoi’s office market as more firms look to relocate to the west of the city. With more than 40 reputable tenants globally and domestically move in to the Tower, Keangnam has signaled a new trend for Hanoi’s office market. Tenants at Keangnam Hanoi Landmark Tower are high-profile and renowned companies such as KPMG, PricewaterhouseCoopers, Ericsson, Standard...