On the serviced apartment market, occupancy of 81 per cent rose by four percentage points quarter on quarter and 12 percentage points year on year. That has nearly reached the pre-COVID (or the quarter of 2019) figure at 82 per cent.
The resumption of international flights and the borders reopening in March will not only benefit Viet Nam’s hospitality sector but also drive demand for serviced apartments, according to Savills Viet Nam.
A recent survey by Savills found that gap of property prices are narrowing between urban and surrounding areas as more facilities are offered to compensate for outer locations.
Condominiums remain the best bet for people living in big cities thanks to their affordable prices, and not surprisingly the HCM City apartment market is showing signs of recovering after the slowdown caused by the Carina Plaza fire at the...
The deadly fire that occurred at the Carina Plaza tower in HCM City on March 23 is likely to set back the apartment market but only for a short period, experts forecast.