fbpx

9 am to 6 pm

Daily From Monday To Sunday

996 Nguyen Van Linh

Tan Phong Ward, District 7

091 804 95 00

saigonhouse@hotmail.com

Compare Listings

Hanoi office rental yield highest globally

Hanoi office rental yield highest globally

Hanoi offered the highest grade A office rental yield in the world last year — 8.57 percent, a Savills report said.

This was the third straight year the Vietnamese capital ranked top, according to the British property consultancy, which used data from the second half of 2018.

 

Hanoi recorded a 3 percent year-on-year increase in average gross rent in the last quarter of 2018 and a steady occupancy rate of 95 percent.

Philippine capital Manila, Australia’s Adelaide, Vietnam’s Ho Chi Minh City, and Australia’s Perth round out the global top five.

 

HCMC, the previous runner-up, dropped to fourth place with a yield of 7.36 percent.

More: Northern Vietnam casino reports first profit in three years

HCMC has been performing outstandingly in the last five years, with average rents growing at 8 percent a year and a very high occupancy rate of 97 percent.

 

“The fact that Hanoi and HCMC are among markets that offer the highest yields globally shows healthy rent and occupancy prospects for the two cities,” Hoang Nguyet Minh, investment manager at Savills Hanoi, said.

 

The two Vietnamese cities have been enormous interest from international investors, particularly Singaporeans, Japanese and Koreans, Minh said.

 

In the 12 months since the second half of 2017, office space attracted the largest global investment — $340 billion, according to Savills.

 

VnExpress

img

V HOUSE

    Related posts

    TOP 10 FLEX SPACE MARKETS IN APA

    Flexible space continues to proliferate across Asia Pacific, reaching a total footprint of 54...

    Continue reading
    by V HOUSE
    • News

    HCM Metro Ben Thanh – Suoi Tien ready next year

    HCM Metro Ben Thanh – Suoi Tien ready next year Construction of HCM City’s first metro line...

    Continue reading
    by V HOUSE
    • News

    List of 20 most expensive Southeast Asian cities Hanoi, HCMC among

    Hanoi, HCMC among 20 most expensive cities in Southeast Asia A new index puts Hanoi 13th and HCMC...

    Continue reading
    by V HOUSE

    Join The Discussion