Gateway Thao Dien apartment in District 2

The figures are a 50% increase on the equivalent period of the previous year.  The first half of 2014 saw $1.13bn FDI enhance the market, itself seen at the time as an encouraging figure.

This new money coincides with wider investment trends in construction of new property and infrastructure, particularly in areas around the country’s economic capital, Ho Chi Minh City.  The construction of new retail and commercial units, on top of transport developments such as the new Metro line, are said to be worth close to $9bn dollars – with even better figures expected in the latter half of the year.

The figure of $1.69bn, released by the Ministry of Planning and Investment, covers the year until the end of June.  Crucially, this was the period immediately before legal changes, allowing foreign individuals and companies to buy property in Vietnam, were enacted on the 1^st of July – an act expected to dramatically increase the inward flow of overseas capital. 

With pre-changes FDI accounting for around 19% of the year’s new money, experts are predicting an even greater upsurge in interest from overseas buyers.

Asset ownership opportunities

Industry leaders are suggesting that foreign businesses – already attracted to Vietnam due to lower labor costs and capital investment requirements – will be further enticed by the prospect of fully owning production units such as factories and warehouses.

CBRE Vietnam is one such leader backing the claim of Vietnam’s increasing appeal to overseas enterprises.  Mrs. Nguyen Hoai An, VP of research for CBRE, says “The potential ROI (return on investment) for businesses taking root in Vietnam is substantially higher than key regional competitors.  Such large-scale expansion and economic repurposing, as is happening in the east of HCMC, just isn’t possible in space-restricted island-states like Hong Kong or Singapore.  Additional asset ownership opportunities simply sweeten the deal for wavering speculators.”

Residential property benefit

The $1.69bn in FDI is focused 22 new or extended projects.  These include Empire City in District 2, a collaboration involving the Government, local investors and the UK’s Denver Power Ltd.

Sala apartment, opposite to Empire City in District 2

In addition to increased interest from foreign and Viet Kieu individuals, attracted by law changes allowing their legal ownership of property for the first time, developers are also banking on increased buying power from the growing number of upwardly-mobile locals.

“The volume of new entrants into the Vietnamese middle-classes is continuing to grow”, said Mrs. Nguyen, “and the luxury segment of the real estate market is expected to become even more profitable.  The relative stability of the economy in the face of regional turbulence – buoyed by closer economic ties to the West through TPP – is facilitating more local entrants into the high-end sector.  Even those wealthy enough to purchase in competing cities, like Bangkok or Kuala Lumpur, are choosing HCMC instead because the initial investment cost is just so much lower in Vietnam.”

As the first figures from the second half of 2015 – the period following changes allowing foreign property purchases in Vietnam – emerge, we’ll be offering exclusive coverage.  Keep in touch with us to hear all the latest news and commentary on the Vietnamese property market.

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Second chance for you to buy Estella Heights apartments in District 2 in October, 2015.

>>>Register now!<<< for the best option and price! Thank you!

Estella Heights apartment showroom first stage

Go forwards to catch the policy trend, a big housing company in Ho Chi Minh City has implemented the program “100 first apartments especial for Vietkieu and foreigners” with many promotion packages: leasing commitment equivalent to 8% a year and supportive management package in finishing interior state of apartment, commitment of handle back in cash of buying property price including interest within 1 month if the customer has not satisfied with the product…

Some big developer like Capitaland, Novaland, Phu My Hung, Phat Dat, …are ready to catch new wave of widening ownership law to Vietkieu and foreigner or changing from renting to owning apartment. However, from a statistics report about the real estate market, the volume of transaction relating to Vietkieu and foreigner still disproportionately low.

There are some apartment projects in Ho Chi Minh City that attract much attention from Vietkieu and foreigner can be listed as: Vinhomes Central Park (Binhthanh District), The Sun Avenue (District 2), The Krista (District 2), Sala Premium Residence (District 2), …, land in Binh Duong, New Central Park also attract many Taiwan, Chinese experts to come and observe.

Vinhomes Central Park Project has a beautiful view to Saigon River

Among all these projects, Vinhomes Central Park is a rare project officially announced the number of 112 apartments purchased in 1^st of July. They just sell it within 2 hours to foreigners. Another location Phu My Hung where many foreigner live and work has no significant number of purchase. The number or 100 transactions of foreigner from Novaland is also so small in compare with thousands apartment sold to Vietnamese a year.

Mr. Hoang Anh Tuan, general director of Tac Dat Tac Vang company, said that the foreigner are careful to learn about projects. Besides the potential factor of increasing value of apartment, they pay special attention to the legal isle. Actual number from New Central Park project shows that over 80% land product was sold to Vietnamese while Vietkieu and foreigners are waiting for decrees and circulars guiding the implementation of the new Housing Law.

Taking an overview of whole market, Mr. Phan Cong Chanh, chairman of Joint Investment and Advisory Phu Vinh, said that the market will hardly have the big surge of transaction by foreigners and Vietkieu. According to him, the new law may lead to the tendency of rename for the reason that Vietkieu own property in Vietnam for a long time ago on the name of their relatives.

For foreigners who has a short-term working in Vietnam, the purchasing property will not be convenient that renting property. The transaction of selling is only possible with small group of people who work in long-term or get married to Vietnamese.

The Sun Avenue attract big attention from Vietkieu

In aspect of investment, Troy Griffiths, executive deputy director of Savills Vietnam, said that the new Housing Law will contribute to the competitiveness of the real estate market in region. According to surveying data of Savills, the leasing income in a number of cities and regions around the world shows that Vietnam is the place that bring to investors a higher profit than many other countries.

From the provisions of the new Housing Law, foreigners are still waiting for the instruction paper. Mr. Le Hoang Chau, chairman of HCMC Real Estate Association, analyzed, sell the property for foreigners is like “local export”. This positive impact will contribute to stimulate the real estate market development. Therefore, the authorities should soon issues decrees, circular instruction to open potential demand.

Compiled from Vietnamnet

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Besides, for those who have permanent address, confirmation for temporary residence, or stable work in District 1 could have 1% more in price discount.

We also give The Sun Avenue Apartment buyers from North 1% contract value, included roundtrip airfare ticket for sightseeing project.

The Sun Avenue Apartment from Novaland developer in District 2–  very hot project at the moment

The Sun Avenue Project has 500m frontage stretching on Mai Chi Tho Street, located in Thu Thiem area, District 2, HCMC (where Sala Premium Residence is in). The architecture partner of Novaland and Junglim Company group has collaborated to complete the design outline for complex apartment, commercial, The Sun Avenue service in a green space, ventilation, suitable for both residential and business needs of residents.

With modern design ideas, The Sun Avenue Apartment is so much harmonizing for the new Thu Thiem urban area. The Sun Avenue apartment are clearly divided into functional areas. So that accommodation will separate, ventilated and vision is not restricted by buildings and allow every resident can see the Saigon River.

The building stretches over 500m straight line along the front part of trade under the podium and the dome with advanced technology will be linked to form an inter-trade zones. This formed a food court, entertainment, bustling shopping modeled Clarke Quay area of Singapore. Residents here can be both homeowners and commercial owner for business or for rent.

In addition, within the framework of a special program “The first 100 apartments welcome Overseas and foreigners” by the Group Novaland deployed, customers are overseas Vietnamese and foreigners to buy apartments The Sun Avenue was offered a lease commitments package 8% of the contract value in the first year, gift package management services in interior finishing stage and return air tickets to visit the project. Besides, there have committed to complete the purchase price plus interest incurred if within one month from the time the customer has not satisfied the product.

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In the real estate market in the second quarter of 2015, there are nearly 10.a000 apartments including old and new projects are sold out. That is the new record of the developing market.

According to CBRE reports, there exists an interesting changing from the hi-end segment to luxury segement quite much. In the quater second of 2015, number of hi-end segment is 2.800 and in the luxury apartment segment is 5.800, nearly double. In this period of time, the number of luxury apartments opened to sell has marked as second record during history of Ho Chi Minh City market. Total number of apartments are mostly in the estern region of the city, approximate 4.500 including: Estella Heights apartment (2nd stage of Estella), The Krista apartment (2nd stage of ParcSpring), Vista Verde, Gateway Thao Dien, Sarimi apartment in Sala Premium Residence, Landmark building 1, 2, 4, 5 of Vinhomes Central Park Project of Vingroup.

Sala Sarimi apartment is one of the hottest properties in District 2

Saigon Real Estate market goes up not only by the number of apartment sold out but also in the increasing price. The second stage sell with higher price than the first stage. Selling price in secondary market go up 3.2% get point of $1.781 per square metter.

“With consumption number of luxury apartment and the increasing price in the haft of 2015, we can conclude that the crisis of Real estate market is over. The crisis is hard to come back like it was in 2007 for the people are in line to buy apartment and can sell it just in one night. At the present, the market is sustanably going up and draw a trust from customers. Stock market, gold, interest for bank,…giving chance for the real estate market in 7 years back no exist” Speech by Mr. Marc Townsend, CEO of famous CBRE.

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Firstly, The Krista apartment of Capitaland investor have very interesting pricing rate, about $1.130 in comparison with $2.500 but you will handle it for completed condition. You will waste your time and money to decorate then resell or renting out or come to live.

Secondly, you will have the same external services in surrouding area with Sala Sarimi apartment. From The Krista apartment of Capitaland, just go ahead and 5 minutes you can get Saigon Business Center.

Thirdly, your distance to Long Thanh international airport, a new airport has just been approved from government, is shorter and anyone want to flight over sea have to go to Long Thanh international terminal, that means have to go through The Krista apartment in District 2.

Forthly, you can easily get to new financial center of Ho Chi Minh City (Saigon), just in few minutes.

With all of what we listed above, we suggest you some way to own an apartment in Krista apartment with small budget. Especially, after the application new law for foreigner to buy property in Vietnam or VietKieu can own property like Vietnamese on 1st of July, 2015, the gate is opened up and it is depend on your speed to caught oppotunity to own valuable in such a golden area of new Saigon City.

Here are the pricing and attractive payment. Just see and find out that you don’t have to pay big money at once. You do it gradually and go to the supportive bank. They will help you with very interesting rate. That is the way many investor, both native and foreigner buy, own and get money from this way. How about you?

Selling price is not yet include VAT and maintenance over using area.
Basic payment of The Krista apartment

Discount 3% in quick payment of The Krista apartment (not included VAT)

Financial support from the bank up to 70% value of apartment:
– VIETINBANK.
– MB BANK
– STANDARD CHARTERED BANK
– HONG LEONG BANK

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In this post today, we go further than completed condition of apartment, we mention about very interesting pricing and payment of The Krista apartment of Capitaland Investor. It is unbelivable to say you that you have no money but you can buy apartment in Vietnam but we think, as investor, you could already known. Thanks to payment of The Krista apartment, at the innitial stage, you don’t need to have much money, just enough for deposit then go to the bank and they help you to pay it on time and receive promotion of that kind of payment on time. That is interesting, isn’t it?

1. Homogeneous flat tiles in living room
2. Wooden floor in the kitchen
3. Shelf cabinet and sink
4. Sanitary equipment
5. Bathtub
6. Indirect water heating systems for main bathroom.
7. Standard lighting system
8. Fireproof wooden doors
9. Communication system

Selling price is not yet include VAT and maintenance over using area.
Basic payment of The Krista apartment

We continue about internal services first with very beautiful swimming pool.

Beautiful adult swimming pool in the Krista apartment

Kid playing ground in The Krista apartment

The Krista apartment has indoor kid playing room

Special highlights of the Krista apartment projects in District 2 is the presence of nature around you and surrounding green park in the Krista apartment is very quiet, serene make you and your family have every day is like a wonderful holidays of relaxing experience.

Green space is very typical pattern of The Krista apartment

Karaoke for singing time of you family. Not too many residence have it like The Krista apartment.

External services of The Krista apartment

1. Market/Super market
Coop Food
Binh Trung super market.
Metro An Phu
Big C Cantavil
Central Mart – The Vista
Binh Trung Dong Market

2. SCHOOL AND EDUCATION
Anh Cau Vong kindergarten
En Nho kindergarten
Vanh Khuyen kindergarten
Nguyen Van Troi primary school
Nguyen Van Troi secondary school
Australian Vietnamese International School
District 2 cultural house

3. Medical
District 2 Hospital
Phuc An Khang Hospital
(Thanh My Loi)

4. SHOPING AND ENTERTAINMENT
Parkson Cantavil
Lotte cinema

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3 bedrooms and duplex in The Krista apartment of Capitaland investor is a good investment and you have chance to buy it because it still available after small area one sold out. We have a picture and think that it will be useful for you for you will save time to get there for comparison. But after all, we encourage to get there for more information. Touching is always better than seeing.

Flat structure of The Krista apartment. The pink colored apartment is 2 bedrooms, the blue colored apartment is 3 bedrooms and the last is duplex or penthouse.

Type of apartment in The Krista by area, as the sequence top to down: 2 bedrooms apartment type 1, 2 bedrooms apartment type 2, 2 bedrooms apartment type 3, 3 bedrooms apartment type 1, 3 bedrooms apartment type 2, duplex.

Model the Krista apartment 3 bedrooms and 2 WCs

Model duplex in the Krista apartment

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If you don’t have time to take a look carefully at The Krista demo apartment, or you have some reason of MERS to travel accross the sea, you may take this post for very living description about The Krista apartment in District 2. It has the familiar balcony with Sala Premium Apartment in District 2.

Flat structure of The Krista apartment. The pink colored apartment is 2 bedrooms, the blue colored apartment is 3 bedrooms and the last is duplex or penthouse.

Type of apartment in The Krista by area, as the sequence top to down: 2 bedrooms apartment type 1, 2 bedrooms apartment type 2, 2 bedrooms apartment type 3, 3 bedrooms apartment type 1, 3 bedrooms apartment type 2, duplex.

Model the Krista apartment 2 bedrooms and 2 WCs

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