Overseas investment in Vietnam is on the rise, attracted by newly opened markets and a growing economy.  Property values are expected to be the latest beneficiary, with foreigners now able to buy legally.  One expert, however, is urging patience and caution to new entrants in this emerging market.

Ngo Dinh Han is a lecturer at Ho Chi Minh City’s University of Economics.  He expects foreigners to reap the benefits of legislation introduced on July 1^st, allowing them for the first time to own property in Vietnam.  He reminds would-be buyers to be aware of these 7 common errors when taking their first steps on Vietnam’s property ladder.

Riverside Vinhomes Central Park Project of Vingroup developer

1. Don’t follow the crowd

The projects with the most hype are not necessarily the best investments.  Some unscrupulous agents have ploys to simulate high interest and attract those looking for quick wins.  Don’t be fooled by promises of quick profits – do your homework. 

“Look beyond headline figures to the developer’s track record in timely delivery.  Check and double check the payment schedule and conditions.  Don’t sign anything you don’t understand – get an agent or legal expert to translate every document if you don’t speak Vietnamese.  Some, like Vinhomes Central Park, offer everything in English, which is great – but check, and check again before making any commitment.”

2. Avoid early-stage peaks

The last round of ‘early bird’ offers before completion are designed to prompt impulse buys – but are often the least profitable in the short-term.

“This is the highest price before general release, and, with over-capacity issues prevalent at the minute, is something to avoid.  You may well see a return in the long-run, but its unlikely prices in the first 12 months will match those final totals offered in the last cycle of development.”

Luxury Gateway Thao Dien Apartment in District 2

3. Look at value before prices

This advice is applicable in every market, but is perhaps more relevant here.  Some prices reflect the low appeal of a neighborhood or confidence in a developer, while other higher prices reflect surrounding development such as the new metro system.

“Always remember why you’re buying somewhere.  Profit is likely in a growing market – the only question is how long you want to wait.  Are you buying to live, or buying to let?  Are you looking at long-term growth or a short-term flip?  Make judgments based on your value strategy.”

4. Limit your leverage

With some uncertainty over the viability of long-term profits, be sure to bank on a conservative return rather than the maximum, and plan your borrowing around that to limit your exposure to market changes.

“There’s been a great deal of fluctuation in local interest rates, and these could eat up your profits if you’re not careful.  Look at properties where large-scale lending isn’t necessary.”

5. Wait and see

Unit prices are much lower than neighboring metropolises like Bangkok and Kuala Lumpur currently.  But the effect of the recent property laws have yet to be felt, and Ngo Dinh Han believes it may be a little while before a true picture of market values emerges.

“Getting in on a good development early is always preferable – but don’t go too soon.  Property speculation can feel like a gamble, so look at the whole board.  Observe the progress of promised infrastructure developments, population changes in your chosen area, and any new amenities opening up.  Transport, city-wide migration and services are the trinity of any property investment decision.  Take your time.”

6. Don’t bank on a quick flip

For all these reasons and more, speculators banking on fast turnaround at profit are likely to be disappointed.

“Emerging markets do offer enormous potential – but equally, enormous risks.  Patient, sensible investors with research in-hand who are not over-leveraged are likely to succeed.  Speculators looking for a fast profit are not, however.  Don’t go beyond your financial limits, and don’t gamble what you can’t afford to lose on the promise of a quick win.”

The Sun Avenue from Novaland – middle-income apartment in District 2

7. Vary your investments

Buyers on a larger scale should follow the ‘Buffet model’ in all areas, but in an emerging property market especially.

“Don’t risk it all in one sector or one area.  Diversify your interests across districts, cities, and property types.  The luxury end is most profitable right now – but will that remain the case in the long-term?  Hedge your bets, and look at middle-income apartments, houses, tourist villas and commercial property to keep you in the game until the end.”

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We offer regular updates on the Vietnamese property market, specializing in helping foreigners and Viet Kieu buy property in Ho Chi Minh City and beyond.  We offer regular market updates on these pages, so stay tuned for the latest news.  Get in touch with any questions about how you can invest in Vietnamese property, or with any issues you’d like to see covered in these pages.

VietApartment NEWS

Estella Heights -new project in District 2

As of August 9^th, any new development must be guaranteed financially before a project is due to commence.  This updated guidance is seen as a move to reduce perceived risks from overseas investors, who were granted new rights to legally purchase property for the first time on July 1st, 2015. 

New circular

Institutions have acted following a spate of litigation by disgruntled buyers of projects which weren’t delivered on time.  The State Bank’s updated guidance, emerging from Circular No. 07/2015/TT-NHNN, requires certain conditions to be met before a purchase or a project can be ratified.

Guarantees for buyer, developer and lending institutions must now be made clear and transparent before a purchase is recognized.  Should either buyer or developer fail to meet their obligations, the lending parties will be liable to pay full compensation, including re deposits and advance payments.

While it’s expected that additional cost burdens related to securing guarantees from commercial bank may be reflected in marginally higher prices, the aim is to make the property market a more transparent and credible destination for foreign capital.

A bigger role for banks

It’s hoped that asking more of commercial banks will ensure projects are better managed throughout the development phase.  Banks who previously issued lump-sum loans to developers were often left with debts and write-offs, whereas under the new stipulations, commercial banks have an active role in ensuring money is treated correctly through a project’s lifetime.

Lending banks are expected to perform more stringent diligence on a developer’s financial capacity, project feasibility and market conditions before sanctioning contracts.

Masteri Thao Dien apartment will be finished in 2016

Timely delivery and industry credibility are expected to be boosted by these measures, attracting further investment interest from foreigners.  Financially insecure developers are likely to fall by the wayside, which while impacting ambitious start-ups will make the market healthier as a whole.

Overseas Vietnamese (Viet Kieu) and foreign investors will also benefit directly from the Circular updates, with pressure put on the banks to make it easier to access loans in-country rather than requiring guarantees solely from abroad.  Buyers purchasing from established developers with good reputations will also be rewarded, as trusted partners are likely to be offered a lower guarantee fee than less credible competitors.

Get in touch

We’re here to help foreign investors and would-be homeowners make sense of this emerging market.  If you are interested in buying property in Vietnam, contact us with any questions or subcribe our newsletter here.

VietApartment NEWS

APARTMENT LEASE CONTRACT

  No: ………………………………………

The Lessor:

                  Represented by: ……………………………Position………………………………

                  ID card NO: ………………………………………………………………………. .

                  Address:………………………………………………………………………… .

                  Telephone: ……………………………………….. .

                  VAT code: …………………………………………………. .

                  Bank account: ………………………Bank name: ………………………………

Hereinafter referred to as “the Lessor”

The Lessee:

                        Nationality: ………………………………………………

                        Passport/ID No: …………………… . Issued on:………… …… .In………………

                        Date of birth: ……………………………………………………………………

                        Telephone: ………………………………………………………………………….      

                        E-mail:…………………………………………………………………………………………………………

Hereinafter referred to as “the Lessee”

The Lessor agrees to let and the Lessee agrees to lease on the following terms:

ARTICLE 1: PREMISES

The Lessee agrees to rent and the Lessor agrees to lease the Apartment, unit No:…………………………………………………………………………………………………………………

………………………………………………………………………………………………………………………

Along with the fixed furniture, decoration and wooden furniture for the residence purpose.

ARTICLE 2: RENT

The Lessee agrees with the Lessor as following:

1. The monthly rental shall be:……………………………………………………. (not including VAT of 10%)

(In words:……………………………………………………………………………………………………. ).

2. The rental shall be exclusive of utilities such as:

• Laundry, electricity (………………………VND/kWh), pure water (………………………VND/bottle). These charges shall be paid separately, according to the actual account consumption and are the subjects that will be changed by supplier at prevailing rates.
• Motor bike parking fee:……………………………….VND/bike/month (if any)

3. The rental includes:

– Room cleaning……………………………..time(s) per week

– Bed sheet and pillowcase changing ……………………..time(s) per week

– Internet ADSL

– Water consumption

– 24 hour security

– Furniture equipment

– Cable TV

– Garbage removal daily

4. The rental shall be fixed during the term of the lease

ARTICLE 3: TERM

1. The period of lease:…………………months

Commencing on ……………………………..and expiring on ……………………………

2. And then, the Lessee has priority to renew this lease for another period, but the Lessee has to inform the Lessor in advance at least forty five (45) days in written notice.

ARTICLE 4: DEPOSIT

1. The Lessee shall pay the Lessor a deposit of ………………………………..VND (In words……………………………………………………………….). This deposit shall be held by the Lessor as security for the due performance and observance by the Lessee of all its obligations under this Agreement and shall not be treated as payment of the rent.
2. The deposit shall be refunded in the same currency (which was paid before) from the Lessor to the Lessee within 3 to 5 working days since the contract expired.
3. The Lessee has to pay completely all bills of utilities such as electricity consumption, laundry service, drinking water, etc… be responsible and bear all costs for any damage or losses of the interior furnishing and facilities caused by the Lessee itself or its visitors during the use of such premises before getting back the Deposit.

ARTICLE 5: PAYMENT

1. The Lessee shall pay the rent by bank transfer through the Lessor’s Viet Nam Dong Account at the selling exchange rate issued by Vietcombank, HCM City branch at the time of payment. Bank charges shall be paid by the Lessee (if any)

VIETNAM DONG ACCOUT:

• Account’s Name: ……………………………………………..
• Account’s number: …………………………………………
• Bank name: …………………………………………………

2. The Lessee shall pay the monthly house rental (……………..) on the first day of the payment period without any demand to pay a debt.
3. If the House Rental remains unpaid at the expiration of five (5) days after becoming payable (whether formally demanded or not), the Lessee shall pay interest on any unpaid sums at the rate of 0.5% per month calculated from day to day from the date the unpaid sums become due until the date they are paid.
4. If the payment is delayed over seven (07) days from the started payment above, the Lease is considered to be expired and the Lessor reserves the right to terminate the Lease without any prior notice and any compensation for the Lessee. In this case, the Lessee will lose its security deposit for the penalty and shall be payable overdue dates of the stay calculating from the first day of the payment and unpaid arising services as well such as: electricity, laundry, hiring car., etc…(if any).

ARTICLE 6: RESPONSIBILITIES OF THE PARTIES

Both parties mutually agree to undertake to the following responsibilities:

1. Responsibilities of the Lessor
2. To hand over the house and facilities to the Lessee on validity date of the House Lease Contract.
3. To guide the Lessee to comply with the regulations on registration of temporary residence.
4. To promptly repair all the damage related to the construction (such as: walls, roof, foundation, drains, electricity & water system, leakage, air conditioners, water heaters) as requested by the Lessee; except the small damage and the other damage caused by the Lessee and its visitors, then the Lessee has to fix it.
5. If there is a need to do the maintenance or repair work, the Lessor must inform the lessee in writing or telephone in advance and the latter to permit the Lessor and its authorized agents to carry out the repair and maintenance works. If the Lessee or the Lessor hinders the repair, thus damaging the safety of the renting house, the hindering part mast bear the cost arising from the consequences.
6. Responsibilities of the Lessee
7. Upon the acceptance of the Lease Agreement, identify cars or international passports of the Lessee and sharers are required to be photocopied and sent to the Lessor before check-in date or upon check-in.
8. To pay the rent on time.
9. To use the premises for the right purpose as specified. Any repairs and renovations which are needed to satisfy its own requirements must be subject to the consent of the owner and must comply with the regulations on capital construction of Vietnam.
10. To be responsible and bear all costs for any damage or losses of the interior furnishing and facilities caused by the Lessee itself (except normal wear & tear), for damage caused by the Lessee and its visitors during the use of such premises and for protecting all its own personal property and effects.
11. To comply with the regulations on the general protection of sanitation environment order and security within the residential areas. The Lessee shall not do anything which may become a nuisance, annoyance, damage or disturbance to the Lessor or the occupiers or nearby premises whether within the Building or otherwise and shall not use the Premises for any illegal or immoral purpose.
12. Not to be entitled to transfer this lease contract or to sublet the premises to another Lessee without the Lessor’s advance written approval.
13. No clothes, sheets, blankets, laundry of any kind or other articles shall be hung out or exposed on any part of the building.
14. Nothing shall be done in the building which will impair the structural integrity of any building.
15. On the expiration of this Agreement, to quietly yield up the building and deliver all locks and keys to the Lessor together with all Fittings therein in the condition as the Premises, Fittings and Inventory were at the commencement of the Term.

ARTICLE 7: QUANTITY RESIDENCE OF THE LESSEE

1. Maximum resident is two (02) persons for one bedroom, four (04) people for two bedrooms, six (06) people for three bedrooms.
2. Guests are responsible for showing passport or identification.

ARTICLE 8: TERMINATION

1. Termination by the Lessor

The Lessor may at any time lawfully re-enter the building and terminate this Agreement:

• The Rent or any amount payable under this Agreement or any part thereof shall at any time be unpaid for eight (08) days after becoming payable (whether formally demanded or not);
• The Lessee is in breach of any term of this Agreement.
• The Term has expired
• The premises are to be demolished under a decision by a duty-authorized body or to be burned or (not caused by negligence of the Lessee)

2. Termination by the Lessee

If the Lessee terminates the Agreement prior to expire date:

• The Lessee is not allowed to terminate the leasing contract before its expiry date, unless the Lessor does not guarantee to provide the leasing house as per the contract’s terms and conditions. In case, the Lessee terminates the leasing contract prior to its expiry date, shall lose Deposit.
• The Lessee, in this time, will guarantee to pay completely the renting house of the last month and all bills of utilities.

ARTICLE 9: COMMITMENT BY BOTH PARTIES

• The Lease contract shall be properly implemented upon execution by both parties. Any amendment and addition must be agreed upon in writing by both parties.
• If there is any dispute or breach of lease by either party, the matter will be settled through conciliation and negotiation.
• If solution could not be found, the matter shall be brought to the HCM City Court for Judgment.
• In case, if the Vietnamese government enacts any new law or regulation on house leasing. Both parties will re-negotiate the related terms and conditions to make them in line the new law or regulation.

The contract is made in four (04) copies, two (02) in English and two (02) in Vietnamese with equal validity. Each party keeps 1 copy in each language. The contract is valid from the signed date.

                                                                             Ho Chi Minh City , ……………………..

                                THE LESSEE                                                            THE LESSOR

                                     (On behalf)                                                                 (On behalf)

To download standard rental contract from, CLICK HERE 

————————————————————————————————————————–

Saigon Pearl apartment for rent and for sell with very affordable price, contact us now!

In the first half of 2015, the Vietnam real estate market of apartment for sales has a sharp breakthrough, especially the supply of opensales projects. According to the statistics, 13.000 apartments are opened for sales in the first half year. This amount is equal to the supply of the whole 2014 year. In forecast by experts, The supply of the whole year would become over the strong growth period in 2006 – 2010.

Ms. Do Thu Hang, Head of Research and consultancy department of Savills Hanoi has answered around this problem.

Despite of a large amount of apartment for sales in the market, there is still a phenomenon of increasing price after every open sales ceremony of the developers. In your opinion, what is the reason for this problem?

We realize that recently there is large amount of apartment for sales. In detailed, it is about 7.000 units in 1st Quarter (the consumption rate is 40%),  6.000 units more was added in 2nd Quarter from 27 different projects. So, the total amount is about 13.000 apartments.

There are some developers consider about the quantity of apartments after each sales opening, or consider to increase apartment prices periodically. In my opinion, it is their business strategy. Only projects with good location or high reputation investors could raise prices.

Do Thu Hang, Head of Research and consultancy department of Savills Hanoi

The fact of speculative trends have returned to the real estate market. According to you, what is the impact of this trend in ̉ the rest of this year, 2015?

Currently, it’s a really big number of speculative investors in each project. Real demand is still there but not equal to the amount of speculators and investors. We think that this may cause some consequences. When a speculative investor buy a house, they expect the house price would raise in the future. And this will lead to the price increasing in the future of whole market. However, we don’t need to worry so much about that due to the big number of products in the real estate market, even the buyer with speculative purpose will meet that problem and should consider carefully.

We predict that many transactions to be made in the rest of 2015. However, the speculative factor may distort demands.

The real estate market has a sharp recovery at this time. The supplies and credit increases 11% compared with the same period last year. So, according to you, would it occur the real estate bubble or not?

Looking at the short term, in recent, the market reached its bottom and had a fast recovery. We realize that the transactions in 2015 are in the high level. The fact that Transactions in the first half 2015 are the same with the whole 2014 may lead the whole year transaction to be over the developed period in 2006-2010. Recently,  construction progress become so fast and the buyers turn to worry about, especially the bank ensure the construction progress for the buyer after the first of July.

Estella Heights apartment of Keppeland will be opened for sale second stage in this September

However, the market just become better this time, so in the short term there can’t be a bubble. Besides, there are so many apartment for sales, about 8.000 units and would be significant more in the future. The supplies would be enough for the demands. Customer needn’t have to dispute on the supply that makes the price goes up. So, there are many factors indicate that there won’t be any bubble in the next time.

VietApartment NEWS

Literatured from CafeF

The Sun Avenue apartment with 7 buildings in District 2 is a very big project will be completed in 2017

According to the statistic from the Construction Ministry, the credit balance in real estate calculated to 31^st Jan 2015 around 316.578bn VND, mean 4.8% increase compared with the end of 2014. Evaluations from the ministry also show the price level is fairly stable. For some projects, which located in a well-equipped infrastructure zone and their deployment keep the schedule, the price is slightly go up. In Hanoi, the price for apartments is stable in general speaking; for some project under construction but in good location, the price rises from 1-3%. In Ho Chi Minh market, the price is also stable, not many fluctuations but we also observed some increase in good location projects.

The Construction Ministry said, as of mid-March 2015 the 30.000bn VND credit package, which is supposed to give real estate market a push,  has been disbursed  6.285bn VND, equivalent of 20.95% the total. Besides, the capitals committed for lending reached 10.967bn VND, corresponding to 36.5% the whole package. Considering the structure of the loan, the banks have contracted to commit for 14.367 households, personal loans totaling 6.547bn VND, of which 4.525bn VND has been disbursed. Besides, the banks is committed to loan 34 projects 4.220bn VND, disbursed for 31 projects with 1.760bn debt.

Also in first 3 months this year, the real estate market occur the conversion trend from residential to social houses and it also adjusted the structure of commercial houses segment. There are 88 projects applied for structural adjusting in apartments, an increase of 14 projects compared with same period last year, the number of apartment is 36.113 initially, applied to convert 49.199. There are 62 projects registered for converting from residential to social housing with the construction scale of 41.769 apartments.

Although the market is showing some positive signs, but more than ever, the management authority and businesses need to have suitable movements, must avoid creating shocks, disappointing the confidence has newly rekindled. With the warming of the market, there are some bad tactics of creating virtual fever appeared with sophisticated level. Together, the credit policies are being loosed more to the real estate market while the interest rate is attractive. It is clearly that the market is recovering but how long it stands this state or this is just a temporary in short-term, depends on the attitudes from all partners. Remember, haste is of the devil!

Compiled by VietApartment NEWS

Literaturated from Economic Investment

In recent report made by a consultant and market research firm said, the number of successful transaction in apartment segment in first quarter of 2015 in Ho Chi Minh City increased 130% over the same period time last year with more than 5.000 units offered this time (reports from Savills).

The supply is abundant while the demand improved, lots of new projects were introduced to the market, most of them have reasonable price, good locations that created attraction to the customers. But is it too early to say the market is already on its trend of recovery, the price is starting to go up in general speaking?

A sales manager from a real estate company in Ho Chi Minh City said, the matter whether the price is up or not still need careful consideration, not just depends on some noises in the market, because it just lead reasons for investors blowing the bubble price. It is not smart decision these days to do some tricks at price due to the customers now really sober.

Although the fact is that, there are some projects with nice locations, the prices per square meter are quite different between the construction phases are tens of millions, even hundreds of million VND; but it is just the surface of the problem due to the later phases could focus on utilities, improve disadvantages in construction and design from the first phase, or spare some “spaces” for secondary investors to have differences in term of income.

Galaxy 9 luxury apartment in District 4 is one of the hottest projects near Saigon Business Center

Moreover, there are also situations in which the apartment price is being increased in comparison with the time the market is still bleak; but it only happened when the projects have achieved certain progress (i.e. nearly delivery) or completed. But, you have to look really into the inside of story, the investors will offer flexible sales policy together with discount policy, gifts, pay in installs with deferred interest…with that to say, the price stand still after times of up and down.

The point is, the seller made a psychological impact, felt “gaining over losing” to the buyer. It is unlikely to happen when the market at the time of 2007 and early 2008.

That is still not mentioning about the intensive competition from the apartment market in Ho Chi Minh City, the supply is everywhere, from the inner city to the suburban, so the actions like the sudden increased price or over pricing effects only make congested output.

This is due to, the buyers have too many choices and the information nowadays is reachable so that they get easily confused or change their decisions even when the price have very little, little fluctuation.

VietApartment NEWS compiled

Literatured from Saigon Businessman

Talking to the media at the meeting to announce the program “Comeback Homeland Spring 2015”, Deputy Minister of Foreign Affairs Vu Hong Nam said, from the law of housing amended on, there were 7.000 oversea Vietnamese owned a house in Vietnam. “With the environment for investment, business is gradually improving, the changes in approaches of the law-maker…pulled oversea people back to their homeland more and more”
Results from the Research Institute for Economic Management TW (Minister of Planning and Investment) and Western Union conducted at the end of 2014 said, a remarkable portion of remittances sent back to Vietnam used to buy real estate.
Total of remittances in 2014 reached 12 billion USD. 16-17% flowed into real estate market.

Estella Heights apartment in District 2 attracts many Vietkieu’s attention at the moment

Vinhomes Central Park apartment residence is one of great choice for foreigners in Vietnam in 2016

Commenting on the changes in housing policy in Vietnam, Richard Leech, Executive Director of CBRE Vietnam, the conditions for foreigners to own houses in Vietnam more open than the previous forecast, which marked an important step in opening up the real estate market for foreign investors. The two provisions are limited only to the foreign ownership period not exceeding 50 years and the amount of property owned up in an apartment building / a ward-level administrative units (or equivalent equivalent). In addition, there are no limits on property ownership permitted. Answering the question, whether or not a wave of overseas Vietnamese and foreigners poured money to buy real estate in Vietnam when the Housing Law (amended) effective from 01.07.2015, Richard Leech said that may Law no immediately impact, but it definitely makes the housing market has improved recently went towards more positive.
“Housing Law amendment will help Vietnam market becomes more attractive for foreigners living and working in Vietnam, who want to invest in this market and erase the initial barriers, create a more fair playing field between foreigners and people of Vietnam, “said Mr. Leech.

Compiled by VietApartment NEWS

Literatured from Vietnamnet

Not too far from the center, be a international area where many international schools, offices and many foreigners live in, Thao Dien is the first place you should thing first to live and to work. See the future of Thao Dien area, the future of the fact that many foreigners come and live and work, especially after some gorvenment policy is approved, Novaland developer set their decision to build Tropic Garden apartment and up to now, most of apartment in Tropic Garden apartment is sold out. At the present, you will have some way to buy in secondary market or from some investors.

We introduce you structure of Tropic Garden apartment in District 2, hope you find some thing special before any decision to buy or to rent to live.

River view from height of 14 floor on Tropic Garden tower

5 towers of Tropic Garden Apartment

Typical flat structure of 14-25 floor and in detail of Tropic Garden Apartment
Flat structure of A1 & A2 Tropic Garden Apartment

Flat structure of duplex 1 Tropic Garden Apartment

Flat structure of duplex 2 Tropic Garden Apartment
READ MORE>>

VietApartment NEWS

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.

READ MORE>>

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

VietApartment NEWS

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