Positive signals for the rental real estate market
According to data from Batdongsan.com.vn, the rental segment is still a bright spot in the real estate market in early 2023. The number of customers looking to rent real estate nationwide increased by 24%, the highest increase for street-front houses and shops (up 61 - 62%). Previously, the Real Estate Market Report for the fourth quarter of 2022 of this site also pointed out the acceleration of the Ho Chi Minh City rental market by district. Specifically, in District 1, Ho Chi Minh City, rental prices increased by 18%, interest increased by 154%; District 7 increased by 13% and 295% respectively...
Similarly, some brokerage companies specializing in leasing premises in central areas and densely populated residential areas also said that orders for premises for restaurants, cafes and eateries have recently shown an upward trend.
Economic experts say that the recovery of the retail and service industry has created a boost for retail and business activities. After two years of being held back by the pandemic, people's shopping needs are increasing, and spending psychology has improved significantly. In particular, consumers today want to shop and use services in spacious, airy spaces with lots of trees - something that online shopping cannot meet.
In fact, many domestic and international retail brands in many industries have expanded and opened many new stores in big cities such as Ho Chi Minh City and Hanoi. When looking to rent premises, they tend to choose shophouses in prime locations, especially townhouses located on major roads. That is why retail premises at the base of class A buildings and shopping malls often have higher rental prices than in other areas.
The market recovery and changes in consumer habits not only help commercial real estate for rent "go against the current" and grow well compared to the general market, but also open up potential business opportunities in crowded residential and urban areas.
Profitable business opportunity at Celadon Boulevard
In order to make the most of the recovery of the retail and service market, many business owners and shop owners in Ho Chi Minh City have sought premises to expand their business and trading activities.
"The customer base I target is people with a good income, a relatively high standard of living, and are willing to spend money on quality services. After surveying many locations, I decided to choose Celadon Boulevard because this area is located in a densely populated residential area, close to office buildings, has a spacious parking lot, and is located next to a major road, so it is easy to attract customers and convenient for them to travel and shop," said Mr. HMK (Tan Binh), owner of a beauty spa.
Also choosing a shophouse at Celadon Boulevard to open a branch, Ms. KV (Go Vap) loves the green space surrounding the project: "The large ecological park with modern infrastructure will help customers have great experiences. They can shop, walk, enjoy the fresh air... In densely populated cities like Ho Chi Minh City, this is truly a very different point".
Celadon Boulevard shophouse is a prominent project in Tan Phu district, located in the "green urban area" Celadon City (investor Gamuda Land), only 7km from Tan Son Nhat airport. In addition to its prime location, modern infrastructure and unique open-floor architecture, the 100% glass facade design of Celadon Boulevard is also a big plus, bringing an interesting shopping journey to customers.
In the near future, when brands and retailers officially come into operation, Celadon Boulevard will be like Orchard Road (Singapore's model commercial area), becoming a symbol of the excitement and bustle in the West of Ho Chi Minh City.
For detailed project information, contact:
• Hotline: 039.680.3531
• Website: https://celadonboulevard.com.vn/
• Email: [email protected]
• Address: GAMUDA LAND JOINT STOCK COMPANY (HCMC) No. 3, N1 Street, Son Ky Ward, Tan Phu District, HCMC
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