Apartments for rent in Hochiminh - Vietnam office rents fall in last quarter: reportAverage office rents in both Hanoi and Ho Chi Minh City continued to fall in the last quarter of 2010 as supply kept growing, according to UK-based real estate service provider Savills. In Hanoi, the market saw a decline of approximately 1 percent quarter-on-quarter, which hit a year's low of US$26 per square meter per month. Savills said the total office supply was over 740,000 square meters, an increase of 26 percent compared with the same period of 2009. “In the next four years, approximately 1.5 million square meters of office space from approximately 125 projects is planned to enter the market,” the company said in its latest report this week. The situation is the same in Ho Chi Minh City, where the average office rent decreased slightly by 2 percent compared to the third quarter, at approximately US$30 per square meter. Savills also predicted that the citys office market supply will grow to a total of 562,000 square meters in the next two years. Meanwhile, the retail sector enjoyed a better last quarter. While rents also declined, mostly in HCMCs suburban area, the market still performed strongly with average occupancy over 90 percent, Savills said. The retail market in Hanoi was also stable, with average occupancy at 93 percent. As for the residential apartment sector, HCMC saw weaker sales in the last quarter compared to Q3. But in Hanoi, although 13 new projects added more to the available supply, primary projects showed quite a good performance in sales. Savills noted that 80 percent of primary supply was sold out in the quarter. Source: Thanh Nien
[Property, Vietnam office
, in Vietnam - 1403084886_3]
Developer gets nod to build 20 sqm efficiency apartmentsCustomers study a sample efficiency apartment of Dat Lanh Real Estate Company in Ho Chi Minh City. Vietnam's Ministry of Construction has approved a proposal to develop 20 square meter apartments on a trial basis to meet the high demand for housing in Ho Chi Minh City. The Dat Lanh Real Estate Company, which came up, Vietnam property
, the proposal, says these apartments, costing VND300 million (US$15,800) each, would be suitable for single people. Vietnams Housing Law stipulates that an apartment should have a minimum area of 45 sqm, but the Ministry of Construction said if demand for small-sized apartments is high, the city can carry out such a project on a pilot basis. The ministry has asked the municipal administration to study the demand for apartments of 20-45 sqm and provide guidelines for Dat Lanh to implement the pilot project. Dat Lanhs proposal sparked a month long debate over the viability of super small apartments. Some experts slammed the idea on urban management concerns, while realtors welcomed it as a move to tap a promising market segment hitherto ignored by developers. Source: Thanh Nien, Saigon Tiep Thi , Vietnam ceramic products
Vietnam ceramic products, Art of ceramic enamel revived in Hue Vietnam ceramic products / Phap lam art, a kind of enamel painting and carving on copper, debuted in Hue City in 1827 but had disappeared by 1842 – until now that is. An engineer in Hue has brought the art back to life. Cong Thanh reports. , Apartment in hochiminh
Apartment in hochiminh, Vincom to build HCM City trade-apartment complex Apartment in hochiminh / Vincom Joint Stock Company is planning to build a US$300 million trade and apartment complex in HCM City’s District 1.