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.”

—

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

In the early years following Doi Moi reforms, Vietnam hoped for much needed investment from across the globe.  It was its near neighbors, however, who were the first to show financial faith in the slowly-opening country.

Foreign involvement in property began in the 90s, with investors from Singapore, Hong Kong and Japan leading the way.  Such pioneers were instrumental in modernizing Vietnam’s property infrastructure.  Hotels, offices and residential units were conceived and constructed throughout the country through these early collaborations, giving the country its first modern property boom.

As the decade ended and the millennium dawned, it all changed.  Regional powerhouses were pulled back to matters at home, with stagnating economies limiting capital for overseas investment.

Internal Services in Gateway Thao Dien Apartment

Law changes

Western companies filled the void they left behind, and regional giants were thought reticent to return to Vietnam.  Until now.

Since changes to the property market laws were announced in 2014, Asian investors are back. The changes – allowing overseas ownership of property for the first time – came into force on July 1^st 2015, and have clearly proved tempting to investors of yore.

This month (9/2015) will see one such stalwart return.  HongKong Land were responsible for 2 Hanoi developments in the 90s – 63 Ly Thai To (in 1998) and Central Building (in 1995).  They are expected to announce a new luxury development in the east of Ho Chi Minh City, in conjunction with Hammond and SonKimLand – themselves responsible for HCMC’s Gateway project in Thao Dien.

Jen Capital is another Hong Kong returnee.  Jen, a member of the city-state’s Chiaphua Group, are set to top $50m in its most recent investment cycles, having already been instrumental in modernizing HCMCs District 2, including Thao Dien.  This area has proved particularly popular for foreign investors – as it has with foreign residents in the city – but is far from the only beneficiary of new pan-Asian investment.

Rising demand in luxury segment

Japanese investors are also back with big ideas, for HCMC especially.  One such company, Creed Group manages equity of $5bn. A year ago, Creed partnered with a local group (Nam Bay Bay) in signing contracts to add more affordable units to the market in the shape of District 8’s City Gate Tower. 

It has its eyes on the higher end, however.  Creed has committed $200m to An Gia Investment, a major player in Vietnam’s luxury housing sector.  The investment will see Creed become equal partners with An Gia in its property portfolio, with additional loans and cash in the pipeline to expand its interests still further.  This group accounts for around $1bn total investment value in HCMC, with deals for land in districts 2, 4, 7 and Tan Binh considered imminent.

Luxury villas in Vinhomes Central Park Project

It may be only the beginning.  Mr. Toshihiko Muneyoshi – chairman of Greed Group – suggests the $200m investment is simply a seed, from which he expects great growth.  “The key appeal of this market is the youth of the population.  The average age here is much lower, while the middle class is expanding rapidly.  Currently, there are too few luxury units to cater for this expected growth, so the potential is huge.”

Another recent law change allowed 100% foreign ownership in certain Vietnamese business sectors, but collaboration between foreign and native investors is likely to continue in the property sector.

How will the return of these investors shape the market?  Keep up to date on these pages as we share the latest news about Vietnam’s property market.

VietApartment NEWS

The expansion of the city has seen investment from authorities, foreign speculators and developers to the tune of $8billion up to the 3^rd quarter of 2015.  Beneficiaries include:

• Transport improvements in the areas between Saigon Bridge and Vung Tau, including highway and bridge improvements, account for $3billion.
• New luxury units – around 40,000 individual residences – are under construction in Binh Thanh, Thu Thiem and District 2, with an estimated worth of $5billion.
• 300,000sqm of retail space are on their way in the same areas, as well as Thu Duc and District 9. Upon 2018 completion, experts predict a valuation of $300/1sqm for a total of $90million.

The Sun Avenue Apartment of Novaland developer in District 2

Experts excited

The estimates have emerged from reports by industry experts and observers.  One such company, who put forward the transport development figure, are Global Investment and Business Corporation (GIBC).  “We think this investment will result in a relocation of the city’s commercial and service sectors into these purposes built areas” said Mr Huynh Phuc Nghia of GIBC.

Another real estate expert suggested these investments represent a golden opportunity for investors.  “The follow on benefits from the $3billion infrastructure improvements are likely to be upwards of $5billion as additional commercial, recreational and educational ventures flock to the areas”, said University of Economics lecturer Ngo Dinh Han.

“The current central districts for these areas are saturated, and new additions like Thu Thiem Channel, Thu Thiem Bridge 1, Saigon Bridge 2, and Thu Thiem Bridge 2 are ideal in relieving some of the bottlenecks” continued Mr. Han.  “These new areas will also connect the city with outlying provinces, creating a greater metropolitan area, radically altering the shape of the city over the next decade.”

Connectivity to Saigon’s current central districts will be aided by completion of the Metro system, in addition to a new financial center in Thu Thiem.  Upwardly mobile Saigoneers may turn their attention to big new developments like Vinhomes Central Park and Sala premium residential areas over the next 2 years.

Such a churn of development leaves plenty of opportunities for investors, with prices in the new areas estimated at a quarter of D1/D3 equivalents.

Estella Heights apartment from Keppel Land and Tien Phuoc Developers

Some skepticism.

Not everybody is as taken with the sales pitch, however.

General Director of Viet An Hoa Company is one such skeptic.  “$8billion is an attractive headline number, but may not be entirely accurate.  The $3billion is in place but may not do the job of radically improving regional connectivity, while the rush to providing 300,000sqm of additional commercial space may lead to over capacity.”

He added some particular concerns of over-subscription in luxury development: “The market should be rebalanced.  Right now the rush is to provide high-end accommodation but the value of such construction should be spread across varying segments to accommodate eventual variations of demand.”

Whilst District 2 and Binh Thanh, he concluded, can provide valuations of up to $2000/1sqm which hold up, developments in Thu Duc and District 9 should be focused on sub-$100k/unit offerings.

What do you think?  Let us know in the comments below

VietApartment NEWS

—————————————————————————————————————————-

Riverside and luxury Vinhomes Central Park apartments of Vingroup developer are open to sell The Park building in this September! Register now to have the best apartment!

Amidst the rush to meet demands for residential property in light of new laws allowing foreigners to buy, Vietnam’s premier developers are racing to fulfill the needs of another sector undergoing a building boom: healthcare.

All the big names are in on the gold rush: Vingroup are building 10 hospitals – branded ‘Vinmec’ throughout the country, as well as a Vingroup Medical University.  Hoa Lam, another big beast of the industry, have broken ground on a vast 40-hectare facility locally known as “Medical City”.  FLC group are also set to join the party, with other construction giants investing heavily in partnerships or readying independent announcements.

Vinhomes Central Park and Vinmec International Hospital

According to Mr. Tran Hong Phong of HCMC Lawyer’s Association, this is a direct result of Government policy: “Each enterprise that invests in hospital construction will have an applicable tax rate of 10% on income during construction, thanks to provisions of the Enterprise Income Tax Law.”

The Government incentives don’t stop there.  Intended to support construction which “benefits the public”, medical construction projects may be eligible for:

• Land tax exemption for 9 years;
• Preferential loan rates for up to 70% of capital outlay;
• Import/export tax exemptions for equipment and logistical costs;
• Relaxation of accounting protocols allowing losses to be pushed back and made tax deductible for up to 5 years.

Ongoing value

Experts estimate that such practices coupled with operational income yields around 20% annually for up to 10 years.  With such grand financial cherries to pick, it’s little wonder that companies – traditionally focused on residential and commercial construction – are looking to leverage every aspect of the medical sector, from hospitals to schools to smaller medical centers.

A former chairman of a large hospital group (asking not to be named) said the picture is very different from five years ago.  “In 2010, it was difficult to get developers on board with such a project due to restrictive registration procedures, and this following long negotiation periods.”

Now though, he says, it’s much easier – but not always entirely in spirit with the law.  “Developers and real estate companies have always liked to retain control over facilities within projects such as entertainment and shopping – now if they include healthcare facilities, they can enjoy the additional benefits of ‘providing for the public’, too”.  Vinpearl Phu Quoc and Vinhomes Central Park are two such projects which include medical facilities, and few dispute the benefits to investor and resident alike of such an approach.
Bed boom needed

What experts are discussing is whether the policy will have a net benefit for the wider public.  Ministry of Health information says that demand for capital currently outstrips supply, with the national budget capable of meeting only 40% of demand (around 20,000billion VND).  The spending aims to bring Vietnam’s healthcare in line with global standards, but the ambition of matching near neighbors is currently some distance from being met.  Hospital bed provision stands at 23 beds per 10000 residents – still short of recommended WHO guidelines (minimum 39/10000) and a long way from South Korea and Japan (at 80 and 140 respectively).

Healthy living space in Estella Heights in District 2

This shortfall – and the desire to catch up fast – spells huge opportunities for companies like Vingroup, Hoa Lam and FLC.  But it isn’t just construction companies, with commercial banks now investing hugely in the field.  Whilst some like VietinBank have entered into negotiation with the Government, BIDV has been the first to formalize its action.  They’ve launched a credit package for with total capital of 20000 billion VND, applicable from from June 15^th 2015 to May 31^st 2022.  Of this, 12000 billion is ring fenced for medical equipment with the remainder dedicated to infrastructure development and maintenance.  Recipients are incentivized with attractive interest rates for up to 15 years.

Time will tell if such dizzying numbers result in benefits to patients – but there is little doubt that Vietnam’s construction and investment industries will be working to make that happen and reap the rewards.

Property in Vietnam has a lot to offer investors – could you be one of the beneficiaries?  Leave a comment below or get in touch and we’ll keep you up to date with industry development.

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

In the 8th of July, Savills reports that 5.000 apartments in the market have been consumed, a highest record from the last quarter of 2010. The number of apartments sold in District 2 equals 28% and Binh Thanh District equals 15% of the total number Saigon market. And this number from Savills is not fit with reports from CBRE just after it few days, 10.000 apartments while the target objects of survey compaign are the same in 80 to 100 projects with 19 new projects opened to sell. That conflict in the number from these reports need to be explained by the head of 2 international company.

Vinhomes Central Park from Vingroup developer & investor

On behaft of CBRE, Mrs. Le Hoang Lan Nhu Ngoc, head of reserching and developing market department, stated that the number of 10.000 is the true number of the market with maximum error about 5%. The source of apartment sold are from the number of transactions in every project CBRE represent and sell, real estate agents and investors and developers then compare to each others. If calculated just in 19 new projects opened to sell, apartments are sold reach up to 5.000 already.

On the other side, Mrs. Nguyen Thi Van Khanh, head of consulting department of Savills, stated that number of 5.000 apartment sold is the number calculated in April, May and June and that number is certified by the developing network, real estate agent and developers. The error maximum with this report is just from 3% to 5%. In addition, she stated that number not including the number of customers keep the contract before deposit and the number of apartment in wholesale market for the number in this case has been come to final selling contract.

Mr. Nguyen Van Dung, price president from Dat Lanh group, give his own idea that:” I don’t believe that foreign companys can have a report with error just in 3% to 5%. In this unclear market, who has made is up to 20% is the experts”. He advice investor that you should not rely on the number of that report totally. At the present, there are many tricks and way to give to the market the illusion number. The seller can re-deposit to keep position or one product that has been deposited still continuing to be sold in other system are two reasons that the market is unclear and the error from this report should go higher.

Up to now, Vietnam has no standard system register all the transaction of the market so the total number of apartment sold is very hard to determine. That’s why the different between two company is normal but the number of 5.000 is not a healthy sign of the market.

This error will imparts directly to all the people who set the strategy for development, project developers and secondary investors and most of foreigners who could buy from the 1st of July. They may come to a wrong decision and receive a minus investment.
It is the time for Vietnam to imitate Thailand or Singapore to set up a transaction system for the sustanable of the market and prevent the corruption in the near future!

VietApartment NEWS

Literatured from VnExpress

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.

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

Today, we introduce you one project that may excite you right at the Saigon Business Center, RiverGate apartment Residence. You have only to pass the river then you can get the Saigon Properous Center. The location is very convenient and that place is a dreaming place for any one to own an property in Saigon.

River Gate apartment designed in luxurious and modern way is a most high quality residence project in central region that Novaland is developing now. The project is a harmonious combination between offices, commercial centers and apartment into a perfect unity.

River Gate Apartment consists of two buildings from 27 to 33 high floors which area varies from 56.80sqm to 114.24sqm. After finish, River Gate Apartment is a symbol of beauty, harmony, grace and elegance beside Saigon River. All apartments hear are designed in open-air style in harmony with at least two surfaces exposed to river space.

River Gate Apartment: 151 – 155 Ben Van Don, ward 6, District 4, Tp HCM
Type of properties: Complex buildings of apartment-commercial and offices.
River Gate Structure: project includes 5 substair, 6 floors of commercial offices, 7th floor especial for all of conveniences and services for residents, and the rest are apartment from 27 to 33 floors in 2 block of buildings.
6 foot floors: 3 floors for commercial offices and 3 floors of officetel + commercial.
River Gate apartment is on area of 9600sqm
River Gate apartment ’s height: 27-33 floors

READ MORE>>

VietApartment NEWS

The Landmark81 is estimated 350m high, which has 81 floors and would be the most convenient and highest building in Vietnam in future.

With many luxury utilities ever-seen for the first time, The Landmark81 will not only be the highest building in Vietnam but also be the most luxury one – which is a symbol for the dynamic development in Ho Chi Minh City.

The Landmark81 is estimated to be 350 meters high, which has 81 floors, is built at the central of the urban Vinhomes Central Park, along with the Saigon River. The total area for construction is 141.000 m2, included functional zones such as: hotels, serviced apartments, commercial office Office-tel, shopping mall and restaurants, bars, watching towers…

The five star hotel zone in The Landmark81 has about 450 rooms with the luxurious “President room”, which is 1.000 m2 and you could have a 360 degree view around the city. It also has about 900 of elegant serviced apartments Vinhomes and commercial office Office-tel, and you could easily choose for yourself a standard of 5 stars apartment and a super privilege 6 stars one, which is 400 m2 in square and 180 degree view. Especially, the restaurant Skybar at 66th and 67th has 360 degree wide view. This will be the world-class luxurious and attractive system of restaurant and bar. The observing zone located at 79th, you could have a very wide view for all around uncle Ho City and surroundings.

At its basement, we have the super mall Vincom Center with area of 59.000 m2, create a special luxurious space for shopping. There is also a large Square with the modern system of fountain, next to the urban landscape with green parks and the Saigon ahead.

From The Landmark81, you could have a panoramic view along the windy Saigon River, especially, class marina when it finished the construction.

The Landmark81 include the combination of shopping mall, hotel, restaurants and privilege serviced apartment which is modern, convenience and world class.

With all the strong points mentioned which is the first ever appeared in Vietnam, the Landmark81 is not simply break the records in height but also it is: the highest watching tower in Vietnam, the highest apartment building in Vietnam and the highest bar in South East Asia. Also, it is the most luxurious building, converged many world class designing and consulting partners.

Namely, Atkins is in charge for the designing. Atkins is known as the designing partner for big constructions such as: Bahrain World Trade Center, International Airport Kind Abdulaziz at Arab Saudi, Lotus Hotel at ShangHai…

Arup, which is one of the most reputed construction designer by having Opera Sydney Theater or the Center Pompidou in Paris in its credential profile, took its part for building structure. The interiors are designed by privileged brands such as Versace, Armani…

Being the heart of the city, The Landmark81 easily connect to other functional construction and buildings in the area, create the attraction for the whole center zone of this project. It is also a “wonder” for living space, luxurious and crowded in Ho Chi Minh City.

As estimated, after completion at the end of 2017, The Landmark81 will also be the symbol for the dynamic and prosperity of the city, which is the best destination for exploring to all the local and global people.

Vinhomes Central Park, invested by Vingroup, located at Tan Cang Zone, Binh Thanh District, Ho Chi Minh City. Vinhomes Central Park is considering as a sized green city with the area of 43.91 hectares, the constructed density about 16%, the total green zones up to 14 hectares, the façade stretches over 1 kilo meters on the bank of the Saigon River, included some major subdivisions: apartments and villas; office for lease and serviced apartment, shopping mall and other utilities zones. In particular, the villas and apartments is modern built and best in class in Vietnam. Also, Vinhomes Central Park has first class marina in Vietnam.

Viet Apartment NEWS