In the context of the country being seriously affected by the Covid-19 pandemic, the State and related agencies have taken many measures to support businesses to overcome difficulties, exempt and reduce apartment rent. is an effective solution to help businesses in this period.
The situation of apartment rental price today
According to a survey by Rentapartment Agency Saigon with 30,000 enterprise apartments, 26.2% of businesses said they would go bankrupt if the disease lasted for 6 months, mainly because the revenue could not compensate for such activities. pay salary, interest on bank loans, rent apartments … In addition, nearly 30% of businesses lose 20 – 50% of revenue, 60% of businesses even reduce more than half of revenue. As a result, it is clear that profits in most industries are declining even with the “big guys” in Vietnam.
In fact, all businesses are significantly affected by the pandemic. Events that require a large concentration of people such as marketing and sales promotions are canceled. The real estate market for resort tourism and rental real estate is seriously affected, especially the situation of apartments for rent in the podium of high-rise buildings and many townhouses for rent returned by tenants. …
In Hanoi, according to the Hanoi Tax Department, statistics for business households using invoices show that the number of business households generating invoices in February decreased sharply compared to January and the same period last year. Specifically, in January, the number of units generating invoices was 13,826, with an increase of 5% in revenue and a tax increase of 4.9% over the same period. But in February, there were only 4,281 business households generating invoices, a decrease of 57.4% over the same period, leading to a decrease of 53% in revenue and 50.7% of the tax payable over the same period, focusing mainly into a group of businesses such as accommodation, catering, goods related to the market or originating from China.
Previously, the streets of Hang Bong, Hang Gai, Xa Dan, Ta Hien and Nguyen Huu Huan … were always busy, after the Covid-19 epidemic also became gloomy. Many shops simultaneously closed and hung “rental houses” signs. The Covid-19 epidemic made business unreliable, while the cost of renting houses in the central streets of Hanoi was always at the “sky”, so the shop owners paid apartments to cut losses and move to pictures. online sales methods to save costs, one part is temporarily off sales or switching to other items.
Fast-food restaurants, fast-food restaurants will face difficulties in the coming time, if not cut losses, they will have additional losses at least 4-6 months. Because usually small businesses in the food and beverage industry, fashion can only suffer losses for 6 months. If you do not see an opportunity, you must pause to retain capital.
According to the Vietnam Real Estate Association, although not popular, some apartment owners on major roads in Hanoi and Ho Chi Minh City have also actively reduced 20 – 30% of the rent compared to the end of the year. 2019. Facing this situation, many landlords accept renegotiation of apartment rents both to share the burden and to avoid wasting the apartment, because otherwise, they must accept to leave the apartment for rent in district 1.
When business household owners have to cope with a lot of seasonal challenges, many businesses owning real estate for rent have actively reduced the rental price of apartments to overcome difficulties. A big owner of a real estate leasing business said that it is time for the rent to be reduced, we must take a step back to move forward faster. If everyone makes a profit for themselves with other people’s difficulties, the society will suffer more damage.
In addition, businesses need to proactively adjust their production and business lines, allowing a part of qualified officials and employees to work remotely, at home, not at work, especially brokerage, marketing, legislation, information technology … Implementing methods to support apartment rental partners, such as discounting the rent of apartments, extending the payment schedule, exempting rent for a while space.
Ho Chi Minh City Real Estate Association proposes to supplement real estate businesses that are considered to be extended for 5 months for VAT amount from March to June 2020 in the draft Decree of the Government. extension of time for paying tax and land rent to entities affected by Covid-19 epidemic; allow a 5-month extension of social insurance loan debt of March to June 2020; be extended the schedule of loan repayment and do not transfer debt group (worse) for due debts …
During this period, the rental apartment sector was facing many losses due to both difficulties due to the general market and the impact of Covid-19. However, this is also an opportunity for business people to choose a good and satisfactory location and the price decreases. New price apartments will be set up in the direction of renting to the tenants, without being made difficult, they are only allowed to choose to rent or not, but not at the same price as before.
