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HCMC serviced apartment market recovering

HCMC serviced apartment market recovering

Serviced apartment rents in HCMC’s central districts have risen by 6-8% year-on-year as of this month while the occupancy rate has doubled. As of early September the fill rates at serviced apartments in districts 1, 3, Phu Nhuan, and Binh Thanh surged 70-80%, up from 30-40% in 2020 and 20% …

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