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Mar 2015 |Serviced Apartment Market-HCMC-COLLIERS INTERNATIONAL REPORT

In line with the expanding economy and better business results, demand on serviced apartment rentals has gradually improved. Serviced apartments for lease in the downtown in March recorded more positive results than February.

 

 

Market Performance:

 

In line with the expanding economy and better business results, demand on serviced apartment rentals has gradually improved. Serviced apartments for lease in the downtown in March recorded more positive results than February. The occupancy rate increase strongly, approximately 2.6 percentage points for Grade A and 2.8 percentage points for Grade B compare to the preceding month. The asking rent remained unchanged on a q-o-q basis. The operators have tried to maintain the stable rental rate to maintain the occupancy rate.

 

Outlook:

 

Apparently, HCMC is Vietnam’s economic hub where it has attracted a high number of expatriates and FDI enterprises. The growing economy and business environment will facilitate the improving performance of the serviced apartment sector. The market has recently observed the coming of Japanese investors / developers to the city. Some serviced apartment properties have shifted particular attention towards the Japanese market (both individual travelers, businessmen and corporate) through dedicated marketing and personnel. The occupancy and rents are expected to have small correction in the coming months given the current small supply.

 

Overview Serviced Apartment Market Occupancy:

 

 

 

Resourse : Colliers International Vietnam - Serviced Apartment Monthly Report. 

 

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