Pessimistic outlook ahead of HCM City’s rental market

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At the famous Ben Thanh market in the heart of District 1, many kiosks have been left empty for a long time.
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Houses for rent on streets around Ben Thanh market have failed to attract any potential customers for several months.
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A trader says that people are trying to save money following the COVID-19 pandemic, meaning that trading activities have fallen quiet in recent times, particularly as businesses have no plans to rent their premises out.
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Some traders choose to rent premises in the suburban area with lower prices, thereby helping them to save money and take advantage of the current situation.
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A trader shares that she had rented a store at Ben Thanh market costing VND200 million per month in 2019. Now she is able to rent a small premise in an alley at a price ten times lower than before.
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A property on Ly Tu Trong street has a sign showing that it is for rent.
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Many restaurants remain closed on Nguyen Thi Minh Khai street in District 3, with businesses unable to find any new owners.

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