HCMC high-end shophouses attract few tenants

A real estate project in District 2, HCMC. Photo by VnExpress/Quynh Tran

Commercial shophouses worth VND70-80 billion ($3-3.4 million) in HCMC that are being rented out for VND130-140 million a month are getting few tenants.

A VnExpress survey early this month showed many of the high end shophouses along Nguyen Co Thach Road remained vacant. On the lower tier, shophouses worth VND27-35 billion with monthly rents of VND30-58 million along Dong Van Cong Road, and those with monthly rents of VND18-20 million in the Cat Lai area were in the same situation.

The owners of many shophouses along Pham Van Dong Road are offering lower rents to lure new tenants.

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