post

Apartment rental prices on the rise in country’s largest city

Apartment rental prices on the rise in country’s largest city

Apartment rents in Ho Chi Minh City have surged by up to 28% since last year, especially in the mid-priced and high-end segments. According to a report by JLL, rental prices for apartments in the city increased by 1.6% quarterly and 5.9% annually in the first three months, averaging 10 USD per square metre per month, particularly in new high-quality developments. Only 500 apartments were put up for sale in HCM City in the first quarter, the lowest number in the past 15 years and a 17% decrease from the same period last year.Source: Vietnam News Agency