Office rentals in Vietnam higher than Malaysia, Philippines
(VOV) - Office rental fees in Hanoi and Ho Chi Minh City averaged US$42 and US$48 per square metre, respectively during the first half of the year and were higher than comparable space in Kuala Lumpur (Malaysia) and Manila (the Philippines).
A recent research report by Savills also showed Hong Kong (China) had the highest office rentals at US$189.4 per square metre, followed by Tokyo at US$145 and Singapore at US$125 per square metre.
The research report said office rental prices in Vietnam have good competitiveness with other regional countries. With improved macro-economy, the office leasing market in Vietnam is now attracting many foreign investors.
Savills plc is a global real estate services provider listed on the London Stock Exchange. It has an international network of more than 600 offices and associates throughout the world offering a wide range of specialist advisory, management and transactional services.