Demand For Land Lease In Industrial In Ho Chi Minh City Increases

According to Jones Lang LaSale, in HCM City, rents for industrial zones are at an average net rent of $ 115.2 per square meter for the 50-year lease period.

According to the report of the second quarter of 2016 of this unit, the demand for leasing industrial zones in the South East is on the rise and may continue to go up in the future.

The South East reaches approximately 100 industrial zones and export processing zones, mainly in Dong Nai and Binh Duong. The total industrial area is 36,144 ha, of which 24,255 ha is the area of industrial land can be leased.

The rate of full market occupancy was recorded at 74%, equivalent to approximately 18,000 ha of industrial land already used. Most supply (50-60%) comes from processing industries, especially textile, packaging and finished steel.

Industrial land in the South East has average rents of US $ 63.3 per square meter over the lease period (up to 50 years). Meanwhile, HCMC leads the market with average net rental at $ 115.2 per square meter for the entire lease period.

land lease in industrial in Ho Chi Minh City increases

Vinh Loc Industrial Zone, Ho Chi Minh City

The reason for the high rents is the high cost of land in HCMC as well as the development of infrastructure. The IPs in the neighboring provinces have an average price of $ 40-70 per square meter.

The average factory rent is about $ 3 per square meter per month and can reach $ 5 in some typical industrial zones in Ho Chi Minh City, Dong Nai and Binh Duong.

The industrial zone in the South East is expected to be planned for an additional 10,000 ha of industrial land before 2020. The rental rate may increase slightly in the future as the demand for industrial space increases due to Vietnam’s attraction. Many FDI after the publication of many trade agreements.

Investment in environmentally friendly industries and the use of modern technology will be further encouraged in the South East Industrial Park market.

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