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HCMC’s real estate market sees the light at the end of the tunnel

 

Office-for-lease and low-range apartment segments in HCMC are not very eventful but are seeing much more positive signals than before. According to CBRE’s latest report, the office-for-lease market has increased quite strongly from early year to now, especially A- and B-grade buildings which have just been completed or are about to be completed. In Q1-2013, offering rental also rose 2.3% against the previous quarter. Marc Townsend, managing director of CBRE, said: New supply is gradually falling while the demand keeps increasing. This will cause the offering rental to inch up.

 

Low- and mid-range apartment segment also sees good signals: liquidity remarkably increases, many projects (TDH Truong Tho, for example) draw attention from customers; etc.