The Pico Plaza complex started business in HCMC’s Tan Binh District on Thursday, with all its retail and office space having found tenants. Pico Plaza was built by Pico JSC Corporation, one of northern Vietnam’s leading retailers, at a cost of more than VND700 billion. The company now has five electronics stores and one commercial center in Hanoi. The complex covers a total of 55,000 square meters... 

While most segments of the HCMC real estate market were struggling to seek tenants and stabilize occupancy, the retail space segment did better business last year, CB Richard Ellis Vietnam (CBRE) said in a report released last week. There was an extra retail space supply of 78,000 square meters in the final months of 2012, with 38,000 square meters at the Vincom Center A project in the heart of... 

Realty consulting firms forecast HCMC will see ample retail area supply in the next three years due to the presence of numerous new projects or near-completion ones in the city. Despite the gloomy outlook of the property sector, developers are still completing their ongoing projects or starting up new ones that have been idle for years. Supply boom Property consulting firms observe that there... 

Tenants of retail space in the downtown areas of HCMC are offered with more choices as the number of projects starting operation is increasing. The Vincom Center A complex project has just begun to offer the commercial space in preparation for the official opening of this building in October next year. The project owner Vincom Joint Stock Company under Vingroup said it started seeking tenants for... 

The Kumho Asia Plaza will start construction of a new food emporium- Kumho Link on the area of the old retail space soon this month after approval from the Ministry of Construction. The intention for the refurbishment was announced by two main investors: Kumho Asiana Plaza Saigon Company and management firm Colliers International Vietnam in April this year. The new food and beverage area will... 

Ho Chi Minh City will see its retail space double to 740,000 square meters by 2013 as the scramble to build in the southern commercial hub continues. Construction of Bitexco Financial Tower in District 1 is in the final stages, with Bitexco, its owner, racing to open it in October. The tower will have more than 20,000 square meters of retail space. Capitaland Group Vietnam & RF Chandle are also... 

HCMC – Limited supply plus strong demand for retail spaces have driven up rents in HCMC whose retail market has seen rents in prime locations the most expensive compared to other cities in the country, said CB Richard Ellis Vietnam (CBRE). Richard Leech, executive director of CBRE, said in a market presentation held at the five-star hotel InterContinental Asiana Saigon in downtown HCMC on Thursday...