Hostels, apartments for rent gradually prosper

According to statistics of Cho Tot Nha website, since Ho Chi Minh City was recognized as a “green zone”, the demand for accommodation has increased again with 96% of postings being contacted by tenants, while in 2020, billion This rate is only 86%. Up to now, this rate has been approximately 99% of the postings contacted by tenants.

According to a survey by a reporter of Nguoi Lao Dong Newspaper, in the past few months, the activity of renting houses, inns and apartment in Ho Chi Minh City has prospered much more than before and after the Lunar New Year.

In which, the hostels in Thu Duc city and districts such as Tan Phu, Tan Binh, Binh Tan, Binh Chanh… where there are many industrial parks, factories, schools… are mostly filled.

Mr. Huynh Huu Phuc – manager of 2 hostels on Phan Van Tri Street, Binh Thanh District and Provincial Road 10, Binh Tan District with a total of over 75 rooms – said that both of his hostels are now full.

According to Mr. Phuc, more than 2 years ago, he invested money in 2 hostels, just rented out 1/3 of the rooms when the Covid-19 epidemic hit. Guests checking out or leaving the country but not paying makes him miserable. It was not until November 2021 that new tenants gradually returned and gradually filled up.

“Up to now, my 2 hostels have no rooms available. Recently prices have escalated, so I have proposed to increase the room rate by 10%-15%, not by 50% like in the epidemic, but the tenants still agree. If the business is still going well, I will invest in another area in the near future because the demand for rental accommodation will only increase, not decrease “- Mr. Phuc calculated.

An apartment for rent in a high-class apartment complex is currently priced at 17-32 million VND/month, a sharp increase compared to last year.

Similarly, 3 blocks of motels with a total of 200 rooms of Mr. Hai’s family in Tan Phu district, the number of tenants is also increasing. Mr. Hai said that although not yet filled, he is much more secure than before. Because more than a year of stagnation, no source of income, every month his family has to run to pay the bank, very tired.

Not as bustling as popular hostels, the serviced apartment segment with beautiful design and basic amenities in the central districts of Ho Chi Minh City is also attracting customers again despite the high price increase.

Meanwhile, the segment of apartments for rent in apartment buildings, although tenants have not recovered as before the Covid-19 epidemic, prices have increased sharply, especially apartments in areas near the city center such as Binh Dinh District. Thanh, old district 2, district 4, district 7, Go Vap, Phu Nhuan…

Two-bedroom apartments in Vinhomes Central Park (Binh Thanh district) last year were only 14-17 million VND/month, now they are 17-22 million VND/month; 3-bedroom apartments are currently 28-32 million VND/month. Similarly, the price of apartments for rent in Phu My Hung, District 7 also increased by 10%-15% compared to last year.

Hoang Vy, a broker of apartments for rent in Vinhomes Central Park, said that currently, the demand for apartments in this area or surrounding apartments is increasing rapidly because many people have gone to work normally, including many people. Foreign tourists and businessmen return to Ho Chi Minh City to work.

Personal real estate expert, Mr. Phan Cong Chanh, General Director of Phu Vinh Group, said that it is understandable that motels, serviced apartments and apartments for rent are bustling again. By this time, socio-economic activities have almost returned to normal as before.

According to Mr. Chanh, in the coming time, the rental capacity will be stable, not able to increase sharply while the rent may continue to increase slightly, at least from now until the end of the year. However, many people have not yet dared to invest money and build hostels and apartments for rent as before.