I. COMMERCIAL: Rent and occupancy all increased QoQ.
In Q3/2015, total retail stock was 167,000 m², stable quarter-on-quarter (QoQ). The average rent increased 7% QoQ due to higher rents being achieved in Vincom Ngo Quyen and Indochina Riverside Tower.The occupancy in Hoang Anh Gia Lai Lake View and Nguyen Kim Da Nang Supermarket increased. Average occupancy increased by 1 ppts QoQ.
Total retail sales for the first nine months of 2015 were approximately VND 55,070 billion, up 16.8% year on year (YOY). In 2016, the Hilton Da Nang is expected to enter the market and provide 3,500 m² of retail space.
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