The serviced apartments segment remains untouched by the property market's woes, with demand for rental apartments in major cities high despite the economic recession, Vietnam News Agency (VNA) reported.
A representative of Ascott International Management Vietnam said his company managed more than 800 luxury apartments in Hanoi and HCM City and most of them were occupied.
They were popular among foreigners who had been living and working in Vietnam for three to five years, he said.
Though the Government has allowed foreigners to buy houses with effect from 1 Jan, many of them are disinclined to do so, according to him.
They were used to living in places with good infrastructure and amenities, he explained, while most new houses came up in localities without those factors.
