Savills Vietnam has been appointed as exclusive leasing agent for the office building Empress Tower located on Hai Ba Trung Street in HCMC’s District 1. Empress Tower will provide the market with some 18,000 square meters of office space. It consists of 17 floors and two basements, with space for banks and cafes on the first floor and the mezzanine floor. Rupert Provest of Savills said Empress Tower... 

The real estate market will have a new set of tools tracking its changes like the stock market as real estate service provider Savills Vietnam on Thursday launched the property indices in HCMC. According to Savills Vietnam, the real estate price indices focusing on housing and office-for-lease segments take the first quarter of 2009 as the baseline for calculations when the real estate market... 

* Hanoi condo supply soars to 25,000 A vast area of retail space is expected to be launched onto the HCMC market in the last quarter of this year, putting more pressure on the retail leasing segment amid the current low buying power. Located at the corner of four main streets in District 1, Vincom Center A commercial center project is expected to open on October 10, offering the market around 38,000... 

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... 

Hanoi City’s serviced apartment segment has caught more tenants’ attention as many people have a tendency to rent apartments in close proximity to the city center. Serviced apartment recorded a rise in both average occupancy rate and rent, according to Savills. The average occupancy rate of the overall market rose 5.7 percentage points to 82% while average rent stayed at VND602,000 per square... 

The property market in Hanoi City saw changes in this year’s second quarter with a decline in the number of luxury housing products which were offset by more low- to mid-end ones, according to Savills Vietnam. Tran Nhu Trung, deputy director of Savills Vietnam, told the Daily that more people cared about budget products this year than last year. The number of customers caring about apartments with... 

The property market will see signs of recovery if policy changes are flexible, interest rates are stable and more capital flows into liquid market segments, according to a foreign property firm. However, some property market segments are grappling with price cuts, low absorption and oversupply. Statistics which market research firms released in the first quarter show apartment prices in Hanoi were... 

This is not the right time for secondary investors to join the present dreary realty market as the central bank’s latest loosened credit policy will bring about a psychological impact only, insist market observers. Prices continue shrinking Since realty fever in 2007, the condo segment for the first time has experienced a free-fall in price in the primary market, said an executive of CB Richard... 

Supply and sales volume of apartments in the first quarter shrank sharply against last year though realtors were trying all possible ways to lure more customers into their projects, said a market research company. Savills Vietnam reported on Wednesday only two new apartment projects entered the market with some 300 units in the first quarter, down 35% year-on-year. Meanwhile, apartment sales volume... 

Savills Vietnam has been appointed as the exclusive sales agent for Ho Guom Plaza, which is being developed by Ho Guom Garment Joint Stock Company in Mo Lao residential township in Hanoi’s Ha Dong district. Stretching over an area of 11,000 square metres, Ho Guom Plaza features a modern residential tower and a Grade-A office tower, both of which are set above a retail podium. Ho Guom Plaza provides...