Five serviced apartment projects with 637 units will come on the market by the third quarter.

Hanoi City’s serviced apartment segment has caught more tenants’ attention as many people have a tendency to rent apartments in close proximity to the city center. Serviced apartment recorded a rise in both average occupancy rate and rent, according to Savills. The average occupancy rate of the overall market rose 5.7 percentage points to 82% while average rent stayed at VND602,000 per square meter, up 3.2% quarter-on-quarter. More…