According to the latest JLL report in quarter 1 of 2020, office leasing in Ho Chi Minh City and Hanoi has more...
According to the latest JLL report in quarter 1 of 2020, office leasing in Ho Chi Minh City and Hanoi has more than 4.3 million m2 in total.
The average rental price for offices in Ho Chi Minh City and Hanoi were VND 700,000/ m2/ month (USD 30 /m2 /month) and VND 420,000 /m2 /month (USD 17.9/ m2/ month) respectively.
Market prospects for office leasing
It can be seen that the office leasing market is still operating stably, not recording significant negative impacts of the disease. JLL Vietnam representative believe that the rental activity in the market is still smooth because most of the rental contracts are mostly from 3 to 5 years.
On the other hand, due to limited supply on the market, office rents are unlikely to fall. Most of lease renewal transactions in the first quarter of the year still recorded an increase in prices.
In the first three months of the year, Ho Chi Minh City had only about 68,700sqm of newly completed office from rank B and C. However, only 62% were offered to the market, the rest were mostly investor internal use. Therefore, while the new supply is low, leasing activities is still positive in the context of high demand before the Covid-19.
TTC Tower - favorable location
TTC Tower is one of the rank B office building in Tân Bình district, Ho Chi Minh City. This place is highly rated for its favorable location, located right on Hoang Van Thu street which area are fast development of Tan Binh district. This is also as main route connecting traffic to Tan Son Nhat International Airport and easily go to the central districts. Besides, TTC Tower is only about 350m from Military Zone 7 Stadium, opposite Hoang Van Thu Park which the "green lung" of the city include a cool green space, contributing to creating a working space, effective and relaxing work after work. With site area was 60.000m2, include 20 floors, 1 ground floor and 3 basements, providing a large leasing area. In particular, layout apartment for rent is divided into flexible rental areas of 300 - 600 - 900 - 1,200 - 1,500 - 3,000m2, depend on the needs of renting offices for different firm.
In addition, TTC Tower is located next to many other large banking headquarters, office buildings, creating favorable conditions to increase revenue from new customers and also an opportunity for businesses to trade and develop. Downstairs of the building, there is an office of Orient Commercial Bank (OCB), which is convenient for customers during the working process.
Convenience, full of professional equipment.
As an international standard office building, bringing professional working space to customers, TTC Tower is fully equipped with facilities, technical infrastructure and quality services, like: System incluse three 3 wide parking lot bá , response fully hired requirement of customer; elevator system are arrange logically, high speed with seven Mitsubishi’s elevator supply fully demnaf of customer; New air conditional system by Daikin; Automatic fire protection system with leading standards; Backup generator ensures 100% capacity; Professional security team….
All of these services are managed according to strict criteria, helping businesses build trust in the eyes of partners.
In particular, TTC Tower also has a modern hall with a capacity of 50 - 136 seats, convenient for organizing conferences, seminars, domestic and international press conferences, sound and light systems. Bright, LED screen is available. In addition, there is a system of meeting rooms (15 - 30 seats), coffee and beverage area ... serving the needs of tenants.It is known that more than 25 companies and corporations at home and abroad are using offices at TTC Tower.
Via Thanh Nien.