The space with a sign hanging all year round has been rented in Can Tho

VÂN HI |

Can Tho - Business demand has improved in the last months of the year, and the premises with signs waiting have already had customers visiting.

After many times of hanging signs and lowering the rental price for the past 2 years, the premises of Ms. Nguyen Thuy Diem (Ninh Kieu district, Can Tho city) now has tenants.

It is known that 2 years ago, Ms. Diem spent more than 1 billion VND to buy and rent 2 premises for business, but then business was slow and there was no revenue so she closed and rented them out.

"There were also 2-3 customers who came to inquire, some to sell clothes, some to do nails, mainly customers only needed to rent short-term for 3-6 months, see how the business goes then decide. After negotiating, I closed a 6-month contract, the rental price was 3.5 million VND for the customer," said Ms. Diem.

Nhu cau tim thue mat bang kinh doanh thoi trang, phu kien de sinh loi dip Tet dan cai thien. Anh: Bich Ngoc.
The demand for renting space for fashion and accessories businesses to make a profit during Tet is gradually improving. Photo: Bich Ngoc.

Talking about the rental situation in the last months of the year, Ms. Diem said: At the end of the year, customers take advantage of doing business to make a profit during Tet, so there are more contacts. However, the rental space is still not as attractive as it was 4-5 years ago, because customers do not have a need to rent long term.

Planning to buy a house for both living and business for about 2 billion VND, but facing many problems such as small area and high price, Ms. Nguyen Thi Mong Kieu (Long My district, Hau Giang province) decided to rent a 2-storey apartment to reduce costs.

Ms. Kieu said: "I plan to use the upper floor for family activities, and the ground floor for selling accessories and Tet clothes. I surveyed the rental price, if it is between 8-10 million, depending on the location, I will close the rental. Using business money to pay the rent will also help a bit, but buying a house is still not enough financially because real estate prices are high."

Kha nang sinh loi khien nguoi thue chua dam thue mat bang hop dong dai han. Anh: Bich Ngoc.
Profitability is the factor that makes tenants hesitate to rent premises on long-term contracts. Photo: Bich Ngoc.

Mr. Cao Van Hung (real estate broker in Can Tho City) said: Since the COVID-19 pandemic, the real estate situation has been sluggish due to economic difficulties. Many businesses have closed down and returned their premises because the rent is too high compared to the profits earned.

"At the end of the year, the rental space has improved somewhat due to customers looking to do business during Tet. However, the rental space is still quite gloomy due to short-term tenants. Moreover, the potential of the e-commerce market is growing, many people are gradually switching to online business, so the space is no longer the top priority," said Mr. Hung.

According to the Can Tho Real Estate Association, from now until the end of 2024, demand will still be concentrated in the apartment segment with real housing needs, at suitable prices; land prices will start to increase around 10%, and some areas may even increase by 15-20% over the same period due to the continued scarcity of primary supply.

VÂN HI
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BÍCH NGỌC |

Can Tho - The minimum area for dividing residential land plots in urban areas (wards, towns) is greater than or equal to 40m2 and 60m2 for residential land in rural areas (communes).

Losing the initiative, the landlord "gave in" but still had no customers

VÂN HI |

Can Tho - The potential of the e-commerce market makes retailers no longer prioritize renting premises even though owners continuously lower prices.

Retail space rental prices grow positively

Bảo Bảo |

The retail space market in Ho Chi Minh City continues to grow with average asking rents increasing slightly by about 2-3% year-on-year.