Low-rise real estate attracts investors

The second quarter 2024 report of the Vietnam Association of Realtors (VARS) shows that the market continues to record many positive signals.

Accordingly, in the second quarter, there were more than 14,400 successful transactions, 2.4 times higher than in the first quarter. The number of transactions in the low-rise and land segments recorded a strong improvement, up 60% over the previous quarter. Investment trends also gradually shifted from apartments to suburban land and suburban townhouses due to the increasingly scarce supply of apartments.

From his investment experience, Mr. Tuan Tu (40 years old, Hanoi) said that low-rise real estate is both for living and investment, helping to optimize cash flow, easily convert usage purposes, and ensure good liquidity. However, to avoid risks, investors need to choose projects with transparent legal status. The liquidity as well as the price increase rate of the product will depend largely on the project location, surrounding infrastructure as well as internal amenities.

According to this investor, the market is quiet in the period of 2022 - 2023, investors have become much more alert and increasingly strict in "putting money". The product basket from reputable investors in the market will always be sought after.

Projects from Vietnam's leading real estate developer, Vinhomes, are now gaining attention for their proven potential for price appreciation.

"For example, at Vinhomes Ocean Park 1, the price of the low-rise segment from 65 million/m2 at the time of opening has now increased to 250 - 270 million/m2. Vinhomes Imperia Hai Phong is currently being sold at an average price of 160 - 180 million VND/m2 or Vinhomes Star City Thanh Hoa, the average price is about 70 million/m2, an increase of 40% compared to 2019," said Mr. Tu.

Profit potential from Sea Street

Investors are flocking to the East of Hanoi, where there is the Seaside City subdivision (Vinhomes Ocean Park 3, Ocean City). The property market here is considered to have room for price increases as it also possesses many unique advantages.

Accordingly, the subdivision easily brings double profits to customers when it meets the needs of high-class housing and can also be rented out. With the need for housing, the value of real estate will always increase over time. For the purpose of renting, investors are more assured when the subdivision has a prime location and benefits from the flexible sales policy of the investor.

Not only "next to the sea - near the river - next to the city", Pho Bien is also the center of the "golden triangle" of tourism - entertainment - services, including the sea paradise VinWonders Water Park, the bustling "commercial port" The Venice (Grand World) and the high-rise project Happy Home Ocean Park 3.

The subdivision is located in the heart of Vinhomes Ocean Park 3, so in addition to VinWonders Water Park with a variety of water games, visitors can also experience indoor swimming all year round with Four Seasons, fully admire the beauty of the sea at the 2.85ha Tropical Lagoon or practice swimming skills at the Olympic-style swimming pool duo, Aqua Bay...

The business advantage for investors in Pho Bien also comes from the subdivision adjacent to The Venice (Grand World) commercial street - the center of the vibrant festival, not to mention the live show The Grand Voyage and regular fireworks displays.

With more than 600 commercial shops with diverse industries from food, shopping to entertainment, Grand World stimulates spending needs and increases the length of stay of guests. Pho Bien promises to be quickly filled for both residential and rental purposes.

Investor Vinhomes has joined hands with the bank to launch an attractive financial support package. Accordingly, from now until August 31, customers only need to pay 30% of the house value to be able to immediately own a house in Pho Bien.

In addition, customers with sufficient financial resources who want to pay entirely with their own capital can choose to pay early to receive a discount of up to 7% and a discount equivalent to 11%/year on the payment amount and the number of days paid in advance. In addition, residents who move in early will also receive a 7% discount.

Customers will also receive a pair of gifts including: a gold gift package of up to 16 taels of gold (worth VND 139 million, deducted directly from the selling price) and a health gift package of up to 2 medical examination vouchers at Vinmec, each voucher worth VND 100 million. Customers who are VinClub members will have additional financial incentives and accumulate VPoint points, with a total incentive of up to 1 - 1.7% depending on the membership level and project group.

After 7 days of opening for sale, Pho Bien has had nearly 200 successful transactions. The number is expected to continue to increase as the market enters a new cycle and the Land, Housing, and Real Estate Business laws officially take effect.