07:00 27/03/2025

nhà cái bet88Hanoi among Asia-Pacific's cheapest markets for office construction

Japanese cities dominate the list of markets with the most expensive construction costs.

Illustrative Photo
Illustrative Photo

Despite rising material, raw material, and labor costs driving construction expenses higher nhà cái bet88 many markets, Hanoi and Ho Chi Minh City remain among the most affordable cities for office construction nhà cái bet88 the Asia-Pacific region.

The findings came from the "Office Construction Costs 2025" report announced by global real estate services firm Cushman & Wakefield.

Analyzing data from 33 key cities across the region, the report highlighted that office construction costs range from 5 per square foot (approximately VND53.7 million or ,000 per square meter) nhà cái bet88 Tokyo—the highest nhà cái bet88 the region—to per square foot (about VND15.9 million or 1.5 per square meter) nhà cái bet88 Jakarta, which has the lowest costs.

Japanese cities dominate the list of markets with the most expensive construction costs, while cities nhà cái bet88 Southeast Asia, including Vietnam, boast the most competitive rates.

nhà cái bet88 Hanoi, the average cost to construct a new office is about VND17.2 million or 2 per square meter, while nhà cái bet88 Ho Chi Minh City, it is slightly lower at VND16.7 million or 2 per square meter.

Meanwhile, the cost to upgrade and renovate an existing office is approximately VND9 million/2 per square meter nhà cái bet88 Hanoi and VND8.7 million/0 per square meter nhà cái bet88 Ho Chi Minh City.