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|The signing ceremony attended by Lim Hua Tiong, CEO of Frasers Property Vietnam, and Dang Phuong Hang, managing director of CBRE Vietnam|
Despite market volatility as a result of the COVID-19 pandemic, Ho Chi Minh City’s office sector has remained relatively resilient, maintaining low vacancy and steady rental rates across both Grade A and B sectors.
CBRE research shows an increasing number of new and existing occupiers are optimising their workspaces and taking advantage of preferential rental rates in fringe Central Business Districts and decentralised locations, particularly as business operations become increasingly reliant on virtual platforms.
Situated in the rapidly developing area of Thao Dien Ward of District 2, Worc@Q2’s prospective occupiers will benefit from competitive rental rates whilst enjoying a high-quality standard of construction and a wide array of premium facilities and amenities.
Furthermore, with accessibility throughout the city increasing as highways, bridges, and the construction of metro lines progress, well-integrated non-CBD office developments such as Worc@Q2 are forecast to be in increasing demand in the foreseeable future.
Worc@Q2 is set to be Ho Chi Minh’s newest edition to the office sector, with an anticipated grand opening in the first quarter of 2021.
The project is the office component of the Q2 Thao Dien mixed-use complex, comprising of 32 floors of premium office space, totalling 8,145 square metres of gross floor area (GFA), one basement allocated for parking, and two high-speed passenger lifts.
Moreover, the office building is conveniently located in the prospering eastern region of Ho Chi Minh City, surrounded by an abundance of newly completed high-end residential and commercial developments. The potential tenants will benefit from the on-site retail podium which will accommodate restaurants, convenience stores, and high-quality entertainment amenities.