The Hanoitimes - In 2018, only 23% of luxury homes were sold to locals, outpaced by Chinese, while South Koreans and Hong Kong (China) residents followed closely behind. Vietnam real estate market most attractive in Southeast Asia: Japan investors FDI boosts Vietnam’s industrial real estate in 2018 Vietnam emerged as hot new market for luxury property: Bloomberg Property investment lending in Vietnam set to be tightened from 2019 To the Chinese investors, Vietnam’s market for luxury departments, particularly in Ho Chi Minh City, prove irresistible, Bloomberg reported. Ever since Vietnam allowed foreigners to own apartments in July 2015, its luxury housing sector has been on a tear, stated Bloomberg. Luxury home prices soared 17% in 2018, while the rest of the residential market stayed largely flat, Dung Duong, a research analyst at real estate service firm CBRE told Bloomberg. In the same year, only 23% of luxury homes were sold to locals, … [Read more...] about Vietnam’s market for luxury departments appeal to Chinese investors
The Hanoitimes - Vietnam is well on the way to become Asia’s next tiger with strong economic growth, a rapidly growing middle class and relatively affordable pricing. Vietnam’s prime segment to see strong demand in 2019 as more foreign investors come Is it time to invest in Vietnam’s prime homes? A latest Savills research showed that Vietnam’s prime residential segment is of great attention in comparison with regional markets like Tokyo, Singapore, Taipei, and Bangkok. Illustrative photo Apartment prices in HCM City and Hanoi are generally still lower than regional peers such as Kuala Lumpur and Bangkok, making Vietnam relatively attractive to international investors, according to Savills Vietnam. “New home prices in Ho Chi Minh City’s CBD now average around US$5,500-US$ 6,500/sq.m, a fraction of the eye watering levels seen in Hong Kong where prices are at all-time highs,” said Neil Macgregor, managing … [Read more...] about How attractive is Vietnam’s luxury residential segment amid global slowing trend?
Who are the owners of luxury apartments in District 1? A view of The Grand Manhattan, a luxury apartment project in downtown HCMC The just-launched Grand Manhattan has become the center of splendor due to its luxury apartments being located in downtown HCMC, which are not easy to own. From international investors Elena Goh, a Singaporean real estate investor, is one of the first owners of apartments at The Grand Manhattan, “HCMC is a market my husband has eyed for ages. So we decided to purchase apartments as soon as the project was introduced to the market. Compared with other property markets which I have invested into such as Hong Kong, apartments in HCMC have a much lower price and profit margins reach 4%-5%, compared to Hong Kong’s 1%-2%.” As an experienced real estate investor, Elena Goh said, “In Hong Kong and Singapore, profit growth of luxury properties tend to be stable. I believe that profits from real estate projects in HCMC, which is an … [Read more...] about Who are the owners of luxury apartments in District 1?
The unparalleled Pool Villas of Diamond Island are a bright spot in the residential scene of Ho Chi Minh City, seamlessly blending the natural environment of the serenely flowing water on two sides and the metropolitan sight of the central business district. Only very few can enjoy the unequalled lifestyle that comes with a pioneering luxury housing concept. Diamond Island of Kusto Home is the first project of its kind in Ho Chi Minh City, with a selection of exquisite villas outclassing everything known so far. A unique feature of Diamond Island is the incomparable excellence of the facilities, leaving nothing to be desired and allowing families to indulge in privacy. While others escape their homes to find top-quality comfort and peace, Diamond Island provides a level of convenience not even the most prestigious resorts can offer—every day. The long list of top-class amenities comprises a private marina club and water taxi, a sports complex, and a Zen garden and BBQ areas, … [Read more...] about Unfettered freedom and luxurious living: Pool Villas at Diamond Island
SCG has put on a showcase of innovations in building materials and living technology at Architect Expo ‘18 held at from May 1-6, 2018 at Challenger Halls 1-3, Bangkok, Thailand. The showcase—under the concept of “Passion for Better Living”—reinforces SCG’s commitment to offering better, more convenient, and safer habitats. SCG's showcase at Architext Expo '18 Aside from solutions for homeowners, concrete systems and other building material innovations were also developed to serve the particular needs of contractors. Anuvat Chalermchai, brand management and communications director of SCG Cement-Building Materials, said, “We have put together a showcase of innovative building materials and living technology to reinforce our position as the Cement Expert and Innovation Leader. The showcase revolves around an in-depth Customer Value Proposition that addresses the varied lifestyles of homeowners.” “Visitors can discover new … [Read more...] about Passion for Better Living: SCG showcases home and living innovations