Tan Binh is one of the inner-city districts of Ho Chi Minh City. Located in the North of the city, bordering many central districts, the North has the largest Tan Son Nhat international airport in Vietnam, Tan Binh district has all the conditions to develop in all aspects both economically and politically. To rent a satisfactory office in this era, tenants need to understand some basic issues in the market for rental real estate in Tan Binh district below. Basic issues when renting an office in Tan Binh district need to be understood Geographical location Many tenants make the mistake of only caring about the location of the district as the central district and not paying attention to many other small details. Tan Binh District is really a central district of the city, possessing all favorable conditions. Tan Son Nhat Airport is only a few kilometers from the city center, surrounded by central districts such as District 3, District 10, Phu Nhuan District, … very convenient for tra...
Weekly Vietnam Property News (12 – 18 June, 2020) Petition the city under the eastern city Ho Chi Minh City People’s Committee proposed merging three districts including District 2, District 9 and Thu Duc District into the city under the east. Prime Minister Nguyen Xuan Phuc has also recently expressed his support for Ho Chi Minh City’s proposal for the eastern creative urban area. East HCMC is currently the place with the most dynamic and dynamic pace of development in the city. There is available a synchronous transport infrastructure system. The position is the gateway of trade with many major economic centers of the region such as Binh Duong, Dong Nai, Ba Ria – Vung Tau … More information The Ministry of Construction proposes allowing foreigners to buy tourism real estate in Vietnam In order to solve difficulties for the real estate market, the Ministry of Construction has launched a series of solutions, both immediate and long-term. Notably, the Ministry of Constructio...
In 2020, the market office for lease supply continues to increase while demand is limited due to the impact of Covid-19, vacancy rate increases & occupancy rate decreases slightly. Enterprises tend to change the flexible working model and consider moving offices from the center to the neighboring districts. However, Vietnam is considered as one of the least affected countries and prospects for economic and infrastructure development. Office for lease Supply: Supply in 2020 increases compared to last year. In Q4 2020, there were no new Grade A buildings in the HCMC office for rent market. However in 2020, the market burns received 1 additional Grade A and 7 Grade B projects, providing about 139,000 m2 of net leasable area, stock of more than 2.3 million m2, up 7% QoQ and 12% YoY. Office for lease Demand: Occupancy rate decreased slightly Tenants struggling during the Covid-19 period mostly chose to reduce their occupancy or even switch to lower-segment buildings. Vacancy rates...
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