Nhan Dan – The domestic real estate market, especially in Hanoi, Ho Chi Minh City and their neighbouring areas have been very busy and has experienced negative development last year and in the first quarter of 2008.
The objective reason is the increasing demands for accommodation in cities and towns. On average, demands for accommodation in urban areas have increased by 21 million square metre a year.
According to calculations by researchers and economists, office rents in Vietnam is not high compared to the market prices (Vietnam ranks 17th in terms of office rents and 30th in terms of apartment prices in the world) but it is not suitable as far as the economic national development and local people’s incomes are concerned.
