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Aerial view of the VSIP industrial park in Binh Duong, southern Vietnam, February 2022. Picture by VnExpress/Quynh Tran
Industrial parks in southern Vietnam noticed a 9 p.c enhance in common land lease costs within the first quarter in comparison with the identical interval final yr.
An industrial actual property report by U.S.-based industrial actual property companies firm Jones Lang Lasalle (JLL) revealed that the typical land lease value for southern Vietnam’s industrial parks within the first quarter was $120 per sq. meter, a 9 p.c enhance year-on-year.
The upper costs had been as a result of a wave of latest international direct investments into Vietnam following the nation’s post-Covid reopening, in addition to rising enterprise demand to develop manufacturing.
One other report by actual property companies firm Colliers Vietnam revealed that the typical industrial land lease value in Ho Chi Minh Metropolis was $190 per sq. meter within the first quarter, with an occupancy fee of 90 p.c. The velocity at which land lease costs for southern Vietnam’s industrial powerhouses enhance has been at round 8-9 p.c a yr just lately, it added.
The truth that HCMC’s industrial parks are working out of land plots to lease signifies that different surrounding areas, like Binh Duong, Lengthy An and Dong Nai, are attracting extra traders. Fields concerning industrial actual property like logistics and workshops would see excessive progress potential this yr because of a shortly creating e-commerce business in main city areas, the report anticipated.
An business spotlight report by property agent Savills in the meantime mentioned industrial parks noticed probably the most potential among the many actual property market through the Covid-19 pandemic, and had probably the most spectacular progress concerning lease and occupancy charges within the first quarter.
John Campbell, affiliate director of commercial companies for Savills Vietnam, mentioned because of the reopening of worldwide flight routes, producers can now come to Vietnam to witness tasks, signal contracts and set up services in Vietnam, amongst different duties. It promotes the renting of commercial land and workshops, he added.
Vietnam is encouraging firms to maneuver to the nation and offering tax incentives for tech, R&D, renewable power and sensible agriculture corporations, mentioned Campbell, including that the transfer has offered an excellent enhance for the expansion of commercial actual property.
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