quarter and the growth trend is expected to continue to the end of this
year, Savills Vietnam real estate agent reported on Oct. 5.
"Good economic recovery in the third quarter helped the office and
retail sectors in the property market," said Pham Thanh Son, Savills
Vietnam economics expert.
Hanoi 's office occupancy
rate average increased to 91 percent, a 4 percent jump, in the second
quarter, according to Savills associate director and head of research
and consultancy Tran Nhu Trung.
The average occupancy rate
in the city's shopping centres remained high at 94 percent and many new
shopping centres opened in this quarter.
The serviced
apartment sector average dipped slightly to 91 percent from 92 percent
in the third quarter but average rental rates increased by 0.4 percent
to 26 USD per sq.m per month, Trung said.
Son reported
challenges to credit acquisition for the capital property market, which
include depreciating dong, high interest rates for loans and Decree 71,
which contributed to a decline in mobilised capital.
Son
also asserted that the increased price of gold and the higher exchange
rate attracted more investors to the financial market so available
capital for property projects has declined./.
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