Hanoi had occupancy of more than 80%, average daily rate (ADR) of US$118, which made the city having one of the highest RevPAR in the region.

The most obvious benefits of offshore investment include assisting domestic real estate businesses to diversify their portfolios, increasing cooperation opportunities with a broader business network, and seeking new investment potential.

The average gross rent decreased by a slight 1% on-quarter but increased 1% on-year.

The city’s growing population fuels demand for residential property.

For the first time, landlords in the Old Quarter have to negotiate lease prices with tenants.