Vietnam Real Estate Market News

Advertisements

Random Post

• Vietnam Paper Corp Produces 110,375 Tons of Paper in H1
• Credit where credit’s due
• Land market in west Hanoi cooling down
• Vietnam FDI Inflows Shifting to Service after WTO Entry
• Vietnam, Poland boost trade ties
• Vinh Loc 2 Industrial Zone: Ideal Destination for Investors

Vietnam Real Estate Market News

Vietnam Business » Vietnam Real Estate Market News » Prime office project put up for lease

Prime office project put up for lease

Capital Tower, a Grade A office project in Hoan Kiem District in the capital city of Hanoi, is scheduled to be put up for lease this quarter, offering tenants more options in office space supply.

Savills Vietnam, exclusive leasing agent for Capital Tower, says the new commercial development on Tran Hung V? tr' d?t qu?ng c'oDao Street in Hanoi's central business district is ready for fitting out. The market research company says Capital Tower is expected to become a distinguished Grade A office building attracting renowned international and Vietnamese organizations given the prime location and design. The office building will provide some 23,000 square meters of prime office space to the market, offering floor plates from 900 square meters to 1,200 square meters. It also offers smaller areas from 140 square meters for tenants. As designed, each floor has full floor-to-ceiling double glazed windows providing exceptional views and natural lighting. There is ample vertical transportation provided by six international high speed lifts, three levels of basement parking, back up power, central air-conditioning and fire safety equipment. Savills says the office building has pre-leased approximately 20% of its space and some first tenants are Lien Viet Bank and GP Bank. Related to the office market in Hanoi, Savills was upbeat in a recent report saying that demand for office space is expected to slightly increase this year due to positive signs of the economic recovery, the return of foreign companies to Vietnam and expansion by local companies. Savills predicted downward pressure on rent due to the likely oversupply of office space in the coming time and projected that an additional 170,000 square meters of office space would be launched into Hanoi's office market this year with nearly 1.5 million square meters of office space of all grades from around 100 projects expected to be ready for tenancy in the next four years.

Vietnam Business And Financial News Network. Source [english.thesaigontimes.vn]

More Vietnam Real Estate Market News:

• Kumho Industrial to build Kinh Bac Hanoi Tower
• Property developers adjust for market demand
• VinaCapital sets up JV to manage realty projects
• Capital needed to turn the market rosy
• Many overseas Vietnamese want to buy apartments, property
• Land heats up in Dong Nai, cools down in HCMC
• Gov't revokes 266,000 sqm of public land
• Hanoi real estate projects burst open
• Hanoi halts 11 golf course projects
• Government to continue helping the poor to build houses

Popular Vietnam Business News

Deposit Interest Rate Rises to 10.2 Per Cent

Although the prime rate set by the State Bank of Vietnam (SBV) was kept unchanged at 7 per cent per annum in July, many banks still revised the borrowing rate.

Prospect for higher FDI

. After a standstill period due to bad impacts of the global economic slow down, more and more foreign companies have come to Vietnam to seek investment and business opportunities.

Leading B2B websites in Vietnam

. More than 100,000 Vietnamese firms have to date joined www.alibaba.com, one of the global leaders in business-to-business (B2B) e-commerce Websites, said China’s Alibaba Group. .About 4,000 Vietnamese small- and medium-sized

Vietnam airline market takes off

Economic recovery is set to spark demand, competition and reasonable fares on Vietnam�s air travel market, industry insiders say. Vo Huy Cuong, head of the Civil Aviation Administration of Vietnam�s

Workers quit factories for more cushy jobs, labor shortage ensues

After the Tet holidays, Tran Thi Phuong from northern Nam Dinh Province did not return to the Hanoi-based garment firm where she had worked for several years. The 28-year-old woman

Vietnam warned of inflation and trade deficit

The trade deficit is likely to prompt a further fall of the Vietnamese dong this year while food, housing and transport costs are leading inflation higher, according to a Standard

Uy Nam Construction Investment Joint Stock Co (Unicons) EPS at 16,644 dong/share in 2009

Uy Nam Construction Investment Joint Stock Co (Unicons) has recently reported audited fiscal report in 2009 with 663.01 billion dong in revenue from sales and service provision, up 24.16 percent

Vietnams export levels bear little impact from European debt crisis

According to trade experts under the Ministry of Industry and Trade, the impact of the debts crisis in Europe is not all that significant because the Vietnamese dong is still

Advertisement