News

"Savills Vietnam has been appointed as the property manager at Gelex Tower in central Ha Noi. Gelex Tower was developed by Gelex Group JSC and is home to its headquarters. With Gelex and other prestigious brands such as L’Oréal, 3M, ANZ Bank, and Mirae Asset – this building compliments Savills existing property portfolio perfectly."

"Despite a strained performance in H1/2021, due to Covid, the Hanoi hotel sector has high hopes for ‘revenge hospitality’ as vaccine rollouts could allow borders to reopen. Investor confidence remains high with approximately 2,600 rooms expected between H2/2021-2023."

"The office rental market is facing enormous challenges as many businesses have extended their lease contracts or postponed office relocation plans. Occupancy is expected to decrease until the end of 2021 due to pandemic uncertainty. However, post-pandemic recovery and future supply are expected to increase competition."

"UK-based global property consultancy Savills today announced the share purchase acquisition of 30% of Vietnamese property agency RealPlus. The deal is expected to be completed in summer 2021, when the new entity, RealPlus in Association with Savills, will officially launch."

"A recent global survey of the top researchers at Savills provides insights for 2022 on yields, leasing, the importance of ESG, investment and commercial rental. The findings point to the resilience of real estate in an era of accelerated change and evolution in the wake of the pandemic.  "

"Savills plc, the international real estate advisor, today announces its unaudited results for the six months ended 30 June 2021."

"Hybrid working, a combination of work from home and in the office, has been adopted by many companies and is becoming more popular. Ms. Hoang Nguyet Minh, Director of Commercial Leasing, Savills Hanoi, stated that “..most office workers have adapted to working remotely amid the pandemic."  "

"New technology is driving office workers needs in the workplace.  Savills conducted a survey of 11,000 office workers, to determine the 5 key tech influences that will shape the future of the workplace. According to Ms. Hoang Nguyet Minh, Director of Commercial Leasing, Savills Hanoi, the Covid pandemic and e-commerce have changed office design to respond to employee’s needs."

"Under COVID-19 effects demand for more versatile office space increased in Vietnam. Co-working space and virtual office are recorded to increase in Viet Nam. As online working increasingly challenges the older classic office model, where is the office market heading?"

"Industrial real estate is expected to be a highlight in Vietnam, especially after the EU-Vietnam Free Trade Agreement comes into being, analysts have said."