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.

VietApartment NEWS

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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

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 first day, 1st of July, Vinhomes Central Park of Vingroup investor opened a event at night at the showroom, in connection with CBRE and 26 companies in the area with mostly custormers are foreigners and Vietkieu. The number of the potential customer attend in this event up to 400 so that in Vinhomes Central Park showroom that day is very crowded with customers than usual.

This day is not the first time real estate developer work with foreigner but we see that they work very hard to explain about the information, payment, law and anything related to the profitable investment of customer come form many country. As we record, the source of customers is various: USA, Great Brittain, France, Japan, Korea,…This proves that new law has reach a large impact all over the world to the investor and customer.

Vinhomes Central Park is supposed to be the biggest project in Vietnam now, both in the area and the quality of living. Vinhomes Central Park Residence scales total area of over 43.91 hectares. Building density of Vinhomes Central Park apartment is approximately about 16% of the whole area. Most of the rest area designated as a scenic campus and residential utility. That makes Vinhomes Central Park have a truly attractiveness to many people especially to foreigners and Vietnamese who want to invest in to this project. Vinhomes Central Park Project is divided into several main areas which meets a wide range of entertainment and hobbies of people staying here.

Total area: 43.91 ha
Construction density: approximately 16%
Green plans area: 13.8 ha
Construction Completion expected on 2017
Vinhomes Central Park structure:
+ Modern and luxury apartment: Includes apartments and officetel (from 1-4 bedrooms) / apartment duplex / penthouse.
+ Over 70 villas (3.65 ha)
+ Vincom commercial center (59.000 sqm)
Project area: 439.100sqm, Total investment budget: 30.000 billion VND

+ Vinmec, a luxury international 5-star hospital reach over all standards, is a good address of health care at high level in Vietnam
+ Vinschool is an associated-level education system from Kindergarten to Elementary, Middle School and high School which are invested by famous Vingroup.
+ Vincom Center is designed according to the “all in one” way including the shopping center – food shop and entertainment center in an area of 59.000sqm.
+ Unique cruise harbor on Saigon River is completely different point which Vinhomes Central Park Residence present to business men and foreigners having a different favorite.

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We are waiting for different number from Sala Premium Residence to inform you as quick as possible.

VietApartment NEWS

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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Galaxy 9 apartment owns a very advantageous location in District 4

STRUCTURE OF GALAXY 9 APARTMENT RESIDENCE

Galaxy 9 apartment has diverse apartment area which meet variable needs of all types of area from 48.7 to 122sqm, 1-3 bedrooms respectively, follow U-shaped design style. Each apartment in Galaxy 9 Residence will receives natural light to each room, and especially that the apartments in Galaxy 9 all have balcony

Typical flat structure of Galaxy 9 apartment for 4th to 5th floor

Typical flat structure of Galaxy 9 apartment for 6th to 20th floor

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VietApartment NEWS

Along with these high premium projects, that is the policy and law that ensures foreign investors and customers can buy and own it easily. No difficulty and no unclear situation. That is the begining of the new story of history and we would like to tell you all. Not too much of the law but it enough for you to have a clear information about owning properties in Vietnam.

Section 159. The object owns house and housing ownership forms of foreign individual and organization in Vietnam.
1. Foreign individuals and organization having properties ownership in Vietnam including:
a) Foreign individuals and organization invest in constructing house under project form following this law and related legislation terms.
b) Enterprise with foreign capital investment, sections, office of foreign enterprise, foreign funds and foreign bank section operating in Vietnam (call shortly foreign organization)
c) Individuals have right to enter Vietnam territory
2. Foreign organization and individuals having a properties ownership in Vietnam under following forms:
a) Investment in construction house in project in Vietnam follow this Law and related legislation terms.
b) Buy, rent-buy, dedication, inherit commercial house including apartment and single house in project of constructing house investment, excluding national defense and security region as stipulated by Vietnamese Government.

Section 160. Criteria when foreign individual and organization having properties ownership in Vietnam:
1. Towards organizations and individuals specified in point a, paragraph 1, section 159 of this Law must have the certificate of investment or housing construction in project in accordance with the provisions of this Law and related legislation terms.
2. Towards foreign organization specified in point b, paragraph, section 159 b of this law, there must have investment certificates or documents relating to the permitted activities in Vietnam (hereinafter referred to as the investment Certificate) issued by the competent officers of Vietnam Government.
3. Towards foreign individuals specified in point c, paragraph 1, Section 159 of this Law must be allowed to enter Vietnam territory and not entitled to the privileges, immunities of diplomatic, consular prescribed by law.
4. Government regulate certificate in detailed proof of the object, condition of foreign organizations, individuals are entitled to properties ownership in Vietnam.

Section 161. Properties Ownership rights of foreign organizations and individuals
1. Foreign organizations and individuals specified in point a, paragraph 1, section 159 of this Law are having the rights of properties ownership in accordance with the provisions of section 10 of this Law; In case building on leased land, foreign organizations individuals only have rights to lease.
2. Foreign organizations and individuals specified in point b and point c, paragraph 1, section 159 of this Law having all the right of properties ownership as much as Vietnam citizen but must comply with the following provisions:
a) Have rights to buy, to lease, donation, inheritance and ownership not exceed 30% number of the apartments in a building; for the single houses including villas, ranging houses, foreign organizations and individuals have rights to buy, rent, donation, inheritance not exceed number of 250 properties within a region equivalent of a ward-level administrative units.
In some region with a population equivalent of a ward-level administrative unit that has many condominiums, single houses on one street, the Government shall specify the number of apartments, number of single houses that the foreign organizations and individuals have rights to buy, lease, donate, inherit and own;
b) In case, organizations and individuals are dedicated, donated out of provisions of point b, paragraph 2, section 159 of this law or exceed the number of properties specified at this paragraph a shall only own the value of this properties;
c) Foreign individuals own properties as agreement in the contract of sale, rent, donate, inherit transaction not exceeding 50 years from the issued date of certificate and can be extended under the provisions of the Government if required; properties ownership period must be specified in the certificate.
In case a foreign individual gets married to a Vietnamese citizen or get married to a Vietnamese living abroad, have ownership rights in stable, long-term and the rights of properties ownership right as Vietnamese citizen;
d) To foreign organization own the properties following the contract of sale, rent, dedicate, inherit transactions not exceeding the time limit stated in the certificate of investment of that organization, including extended period of time; properties ownership period is calculated from the date of the certificate and stated in this certificate;
đ) Before the expiration date of properties ownership in accordance with the provisions of this Law, the owner can donate or sell this properties for the subjects able to own properties in Vietnam; If exceeding the deadline of ownership and the owner does not sell or donate, this properties will be owned by the state.
Section 162. Obligations of the property owner who are foreign organizations, individuals.
1. Foreign organizations and individuals specified in paragraph 1 of Section159 of this Law shall have the obligations of properties owners in accordance with the provisions of Section 11 of this Law.
2. Foreign organizations and individuals specified in points b and c, paragraph 1 of Section 159 of this Law shall have the obligations of properties owner like Vietnamese citizen but comply with the following provisions:
a) Foreign owners have rights to lease properties to use for purposes not prohibited by law, but prior to rental properties, the owner must provide written notice of the rental to administrative authorities in the district where properties in, under the guidance of the Ministry of Construction and pay all the tax accordance with the provisions of this law.
In case foreign individual gets married to Vietnamese citizen or Vietnamese living abroad have obligations as well as Vietnamese citizens;
b) For owners are foreign organizations use properties to arrange place for people working in that organization only, not use for rental housing, office or on other purposes;
c) Conduct payment for the selling, renting properties through credit institutions operating in Vietnam;

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VietApartment NEWS

The Bank of Investment and Development in Vietnam (BIDV) recently awarded as “The best retail bank in Vietnam 2015” by The Asian Banker Journual, honoring their achievements in developing the retail banking system, customer-oriented under the best practices for world class retail banking.
Now, BIDV is financing for the projects of investing and constructing 4 main streets in New Residential Thu Thiem and projects in No.2 & 3 sectors in Sala with the credit limit of 3.890 billions VND. In the near future, BIDV continuously financing for the project of Thu Thiem Bridge and the No.6 sector with the total credit of 4.200 billions VND, the first disbursement would be 2.250 billions VND.
BIDV commited for the maximun support up to 70% the contract value for those who would like to buy any products in Sala Residential at the preferential interest rate of 6.5% per year and the time of loan contract could be up to years.
With support from BIDV, customer who want to buy apartment and villa in Sala apartment and villa premium residence  are about to be more confident in their decision.
FOR FURTHER PRICING AND PAYMENT INFO, PLEASE CONTACT OUR OFFICE TO HAVE OFFICIAL INFORMATION.

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Vietapartment News

The question now is opened to us that what factor affect customers most? Location? Payment? Pricing? Investor? or Conveniences? The answer is all of these factors and they have a certain relation with each others. Today, we want to say about convenience of one of the most premium project- Sala apartment and Villa Residence. 198 Sala Sarimi apartment was sold out before 6th June and that impressed us so much. That is also the reason why we try to collect information and give you. If you gonna buy or invest in Sala Residence (both Sala Sarimi apartment or Sala Saroma Villa), you should notice cause you will save time to go to demo apartment. In next 5 years to come, Sala premium Residence will be a great place to live with all of following conveniences:

Overview of all services on the floor of Sala apartment residence: 1-relaxing space, 2-learning rooms, 3-meeting room, 4-community space, 5-BBQ party area, 6-kid playground, 7-exercise room, 8-swimming pool, 9-services for swimming pool, 10-clothes changing room, 11-steam bathing room, 12-sauna.

Residents in Sala Residence have fully happiness to enjoy premium services of convenience and comfort. Floor of all services in Sarimi Residence could meet any demand of relaxation such as: learning, workshops, sports, swimming pool, sauna, spa and activities outdoor like barbecue and playground for children.

Internal services of Sala Premium Residence

• Medical center caring for your health

• Planned area for sports: football, tennis, golf club and swimming pool…
• Square park 5000sqm in large.

• Shopping center, restaurant and cinema….

• Very nice swimming pool on the 4th floor in Sala Sarimi apartment

Vietapartment news

Dai Quang Minh JSC – the main investor of Sala premium residence – officially holding “Signing Contract to Supplement – Equipment & Service Partners Ceremony”, with the attendant of their selective partners as below:
1. Dulux, Holland paint brand, with the non-lead and mercury products, ensures healthy environment for residential
2. Jotun, one of the top brands in the world, head office based on Norway. Jotun is the leader in operating R&D meet the strictest standards in the market.
3. Eurowindows: No.1 reputed brand, provider of aluminum and large glass wall for apartments in Vietnam market.
4. Japanese Air-conditioning Daikin provide the central system of air conditioning for apartment with the inverting technology for the air throughout the house, with only one centralized hot equipment, increase electric saving, bring the harmony to interior and ultimate utilities for the luxury living environment.
5. Schindler: escalator and elevator provider with European standard for safety. The elevators from this brand shall be used at luxury apartment, while the escalators shall be found at commercial floors
6. American Doors is the Vietnam market leader in quality and luxury. The wooden products from this provider only supplied in orders and only reserved for most luxury real estate projects in Vietnam and other 16 countries.
7. Doorlock and other equipments: The residential Sala use the provider, Yale – belong to Assa Abloy Group (USA) – one of the most priviledge brand in doorlock world market.
8. Osram is German lighting group, and considered as the biggest brand in the world. The lighting system in Sala project is new generation of celling concealed LED, provide over 60% electric saving, color truthness and long lasting.
9. Casta is the top reputable brand in Vietnam in kitchen cabinet, closet, lavabo. Casta products are manufactured on the basis of applicable technology and designs from the European design trends, bring to Sala apartment the kitchen with nice looking, luxury and modern space.
10. Teka is one of the top brand all over the world in luxury kitchen equipments, electronic equipments and other stainless steel products origin of Spain.
11. Kohler is the USA top brand in bathroom suppplements, their products are top of mind of world class consumers by differentiated design and high tech. In 2006, Kohler appear itself in Vietnam market for the first time by its official distributor, namely Rita Võ.
Their products serving in Sala are premium with coated enamel, give them reliability and high gloss level, anti-fouling and water saving.

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In our exprerience, location is very important like the key of the door. And at the present, Sala apartment and villa residence has one of the most important places in Ho Chi Minh City. Right at the commercial center of Vietnam, just be separated by beautiful Saigon River, residents live in this residence can easily get to all important place in Saigon, just in few minutes. After 2 important projects: Thu Thiem channel and Thu Thiem Bridge, this area is opend up , traffic is more convenient and the land in this area becomes gold. That is why Sala Residence has its price of convenience.

Located on the North-South Highway, 44.7m in width, in intersection with Mai Chi Tho Avenue (the 2 existing arterial roads of the Thu Thiem New Urban Area) and facing the array of busy commercial properties, not only SARIMI has convenient traffic but also a pleasant experience of active lifestyle, convenience between the bustling commercial street.
Sala premium residence project of Dai Quang Minh is located at 10 Mai Chi Tho, An Loi Dong Ward, District 2, Ho Chi Minh City.
Sala premium residence is located right at the intersections of 2 most important roads in Thu Thiem New Urban Area are Mai Chi Tho Avenue and north-south axes.
Sala residence is very closely to Thu Thiem Channel with a distance of 550 meters. There are also some features that makes Sala residence become one of the most convenient places in Ho Chi Minh you should come to stay:
+ Only 1 kilometer from Sala premium residence to new administrative center.
+ West-North: is nearby 5-4 and 5-5 lots and a part of Mai Chi Tho Avenue.
+ East: is next to park along Ca Tre Channel.
+ West: is nearby ecological southern forest.
+ East-South: is nearby ecological southern forest.
From bird-eyes-view, Sala premium residence is like a green island in the center of busy Ho Chi Minh City. Sala aparment and villa residence is on Mai Chi Tho therefore you have very convenient traffic to connect directly to Saigon Center via Thu Thiem Channel; connect to Binh Thanh District by Thu Thiem 1 Bridge, connect with 5, 6, 8, Binh Chanh District and other western provinces by Vo Van Kiet Avenue by HCMC-Trung Luong Highway; connect with eastern provinces via HCMC-Long Thanh-Dau Day highway. In the near future, Sala Residence will be connected with District 1 via Thu Thiem 2 Bridge, pedestrian bridge over Saigon River and metro number 2.

Dai Quang Minh JSC will invest 4 main roads: square street (R1), Central lake road (R2), road along Saigon River (R3), delta-along river-residence (R4) with total length 11.9 kilometers (including 10 bridges, street, intersections, trees, lighting system and bus stop). Central Square is on 20 hectares land and 9.1 hectares of riverside Park. Total investment budget is over 8.265 billion VND.

Over view of Sala premium residence

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