Friday, February 15, 2008

Vietnam property rent prices to hit new records this year

The real estate researcher said offices, purpose-built retail, residential, industrial, hotels, resorts and golf courses would experience record rent rates in major centres like Ho Chi Minh City, Hanoi, Da Nang, Phan Thiet and Vung Tau.

Rent in A-grade office buildings will surge by US$65-70 per square meter a month from last year, excluding service charges and value-added tax.

According to CBRE, HCMC will see the greatest increases due to soaring demand from individuals and businesses.

Vietnam Real Estate News

Chao Vietnam Properties