Delays to approvals for new office developments, along with proposed land price hikes, are unsettling the prospects for the Ho Chi Minh City office segment heading into the next decade.
Despite inherent barriers arising from a traditional mindset and the high requirement for trust in the real estate industry, the prospects for proptech in Vietnam are still positive due to its benefits in improving accuracy and speed, cost savings and convenience.
Mapletree Investments (Mapletree) unveiled a joint venture with Saigon Co.op Investment Development JSC (SCID) and officially opened its first Mapletree-developed high-end serviced apartment V Plaza in District 7 of Ho Chi Minh City.
WeWork, the platform for creators that provides the space, community, and services to help people make a life, not just a living, announced the official opening of its first Vietnamese location in E. Town Central in Ho Chi Minh City’s District 4.
Vietnam will continue to see more M&A deals in the time to come, according to JLL Vietnam.
Inconvenience in transportation and limited mobility have made many tenants move out office spaces in the central districts of Hanoi.