THE RENTAL HOUSING MARKET IS RECOVERED

Many rental housing segments cut sharply, increasing slightly, marking a recovery from the epidemic's peak last year.

As noted by VnExpress, many rental housing segments are recovering positively at the end of August compared to the middle of the second quarter of 2021. The occupancy rate of motel rooms and level 4 houses is less than 2 million VND for workers and students. , and 85% in the East and West areas of Ho Chi Minh City.

The mid-range segment and above in the price range of 4.5 million to 7 million for high-income people and office workers recorded a 75% occupancy rate in Saigon's East and South districts.

The occupancy rate of long-term serviced apartments for rent to foreigners from 8 million to 14 million VND/month in the center of Thao Dien, Phu My Hung, District 1, Phu Nhuan will exceed 65% higher. 30% in the second quarter of 2021.

According to the Savills Serviced Apartment Market Report published in mid-August, the average serviced apartment rental price has recovered to nearly 497,000 VND/m2 per month. Rents in Grade A (Premium) Serviced Apartment segment increased by 3% compared to The 1st quarter of 2022 and increased by 6% compared to The 2nd quarter of 2021.

According to Batdongsan data, the number of apartments for rent in Ho Chi Minh City increased by 35% in the first seven months of this year compared to the same period last year. The rental yield on this property is currently 3.8%, slightly higher than in the same period last year. Demand growth and rental income showed signs of recovery, and the rental housing market improved in strength compared to the epicenter of the year epidemic.

A real estate leasing expert in Ho Chi Minh City said that the recovery of the rental housing market has been on the right track since the beginning of the year, but prices have increased more slowly than office rents. Hire. Nation ratio to be full of school house at has increased again with the epidemic peak of the year. On the other hand, although rents have escaped the sideways phase in many segments and turned to an uptrend, the growth rate is still moderate. The expert identifies a rebound in strength in the rental housing market in September 2022 (after the client leaves the 6-month lease) and March 2023 (after the 12-month lease expires). Will leases back after Tet (March 2022). The Firmware recovery in the future of the field for lease could match the economic recovery and service activity of Ho Chi Minh City.

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