Property market for rent in Ho Chi Minh City: Which area is performing the best?
In the heart of Ho Chi Minh City, there are still quite a few vacant premises, while after Tet, the outskirts of the city have seen a decrease in the number of available spaces. The number of tenants has noticeably increased compared to mid-2023.
According to the post-Tet market observation, the situation of rental townhouse in Ho Chi Minh City is relatively better in the central outskirts. The places that were returned by the middle of 2023 are now being rented again. The number of available spaces has decreased slightly. However, in central areas such as District 1 and District 3, there are still many vacant spaces. In fact, before Tet, many spaces were returned.
According to experts, the rental market still faces challenges in terms of tenants in 2024. The trend of shifting spaces from the city center to the central outskirts to reduce costs is the reason why the vacancy rate in the outskirts has decreased, while the central districts still face the issue of tenancy. However, the rental prices in the city center of Ho Chi Minh City have not shown a clear decrease, most are negotiations for deposits or rental terms.
A European mastermind who runs three black credit companies along with 12 other defendants have recently been indicted by Ho Chi Minh City law enforcement for the offense of high-interest lending in civil transactions.
The stock market kicked off the new year with two exciting trading sessions. Many forecasts support the continued upward trend with no signs of reversal. Investors can continue to hold onto their stocks.
The proposed replacement for Decision 60/2017 stipulates that all land plots, both before and after subdivision, must abut a transportation route approved by the relevant authorities.
The Hoang Anh Gia Lai Joint Stock Company (HAGL) has announced the resignation of Mr. Nguyen Chi Thang from their Board of Directors. Mr. Thang tendered his resignation on May 7th, citing personal reasons.
The market closed with the VN-Index down 3.94 points (-0.32%) to 1,244.7, while the HNX-Index climbed 1.1 points (0.47%) to 235.68. Bears dominated the market breadth with 396 declining stocks against 342 advancing ones. The large-cap stocks in the VN30-Index basket painted a similar picture, with 22 losers, 4 gainers, and 4 stocks closing flat.
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