In the year of 2017, investing in houses for rent in District 1 is seen as an investment channel with high profitability, but according to experts, to gain high profits, investors have to know the opportunities, select the right time, ànd invest in niche segments.
The owners of real estate assert that the price of renting apartments in District 1 has only increased in the past 20 years, so the ownership of real estate in this area is not only a safe haven for capital flows but also the mining good profit.
Price of houses for rent in District 1 – The most competitive in ASEAN
According to CBRE Vietnam, despite the record highs since 2004, prices of luxury apartments for people, who are living in Ho Chi Minh city, are still competitive in comparison with major cities in the regional area. Specifically, the price of this luxury segment in Ho Chi Minh City is 60-150 million Vietnam Dong per m2, still much lower than Singapore (400-500 million Vietnam Dong per m2) or Bangkok (140 – 200 million Vietnam Dong per m2).
Foreign investors also shared the view that, not only cheap price, but also the profitability of real estate in the center of District 1 is high. In the segment of luxury apartments, the value of rent from the rental is 3-6% per year, the most popular is 4-5% per year. Top 5 groups of tenants have plentiful budget from: Japan, USA, UK, Singapore and Germany.
The best places to live in District 1
There were about 1.63 million results in 0.57 seconds for the keyword “Ba Son Project”. According to statistics from Google, the number of “real estate” has shown the attractiveness of a real estate project coming out for the one, who wish living in District 1, to be one of the top class in Vietnam.
Located in the heart of District 1, on the one side of Nguyen Huu Canh Street, on the other side of Ton Duc Thang Street, Ba Son Land is becoming the focus of both professionals as well as investors. According to official information from the Department of Planning and Architecture of Ho Chi Minh City, the land is planned to develop high-rise office buildings, high-rise buildings and urban areas, to bring a new look, more modern city, which is very appropriate for someone who is looking for a place to rent apartments in Ho Chi Minh city.
Accordingly, Ba Son shipyard will be transformed into a complex of Sai Gon – Ba Son complex with the function of financial center, office and high-class hotels, including traditional calendar area. Use as Ba Son shipyard, Memorial House Chairman Ton Duc Thang, etc.
According to information from Vingroup Group – Investor of the project, Ba Son golden land will be officially named “Vinhomes Golden River”. This project will be developed in the direction of the ecological urban area along the river, including apartment, villas, commercial centers – services, offices, hotels, serviced apartments.
According to experts in architecture, with a large scale (25.3 ha area) along the riverside, in the heart of District 1 and especially with the construction density of only 18.6% Vinhomes Golden River can be considered as a non-existing project 2, and become the best places to live in District 1.
What do professionals say?
Qualified Architect Nguyen Truong Luu – President of Ho Chi Minh City Association of Architects said about Vinhome Golden River Urban said: “This project is designed to be very compatible with general planning and technical infrastructure urban area of 930ha (area of 5 subdivision under the new planning). At the same time, it is suitable for the waterfront, the old center and also the corresponding architectural landscape with Thu Thiem urban area.
The scale of this project has been upgraded internationally when being consulted and designed by ATKINS, GENSLER and EDSA units. To use the green park within the zone and the internal traffic planning. When completed, this project will become the new heart of the city, comparable to the modern luxury cities in the region as well as in the world.
It can be said, with many advantages, Vinhomes Golden River will become the only riverside eco-urban complex in District 1, bringing luxury and class. Therefore, as soon as the information about this project was revealed, it quickly created fever in real estate. Professional investors believe that this will be a “golden egg” that will bring solid investment benefits to them in the future. This project will be the best choice if you and your family of renting apartments in District 1.
Thang Tran – Mogi.vn
