Parc Hanoi marks Indochina Kajima's first office-for-lease project in its $1 billion investment plan in Vietnam.
Savills has been named the exclusive leasing and property management agent for Thai Building – a new Grade A office project in Cau Giay New Urban Area, Hanoi.
Savills Vietnam has been officially appointed the property manager of Leadvisors Tower, a Japanese grade A office building developed by LeadvisorSanei Hospitality Holdings.
The office market in the last three months of 2018 is projected to be extremely booming with the entry of Thai Square- Grade A office building in Centre Business District (CBD) and three Grade B office buildings in the west area, according to CBRE.
Savills Vietnam has been appointed as the exclusive leasing agent for Friendship Tower, a new Grade A project from the developer CZ Slovakia in Ho Chi Minh City, Vietnam.
Singapore-based real estate corporation CapitaLand has also successfully set up its second commercial fund in Vietnam, CapitaLand Vietnam Commercial Value-Added Fund (CVCVF), which has closed at US$130 million to develop Grade A commercial properties in Vietnam.
Office rents in Ho Chi Minh City could spell an increase of up to 20 per cent for some Grade A properties in 2018, according to the latest 2018 Asia Pacific Forecast of global real estate services firm Cushman & Wakefield.
Undersupply of grade A office stock in the central business district (CBD) has pushed office rents to levels not seen since 2008, indicates data from real estate consultancy firm JLL.
