Only 9,000 square meters of grade A office space will be added to the market in HCM City this year, much lower than the 84,000sq.m planned by developers due to delays, according to property service firm CBRE Vietnam.
Five buildings, including Times Square and Le Meridien, were planned to be completed in 2012, but some face delays.
CBRE's office services director Greg Ohan in fact predicted only one or two of them to be finished this year.
"As occupancy levels rise and new supply is delayed, the grade A market appears to be approaching a ‘short term' bottom," he said. - VNA
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