How COVID-19 Affects Property Investors in Vietnam: Redstone Asia Interview

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How COVID-19 Affects Property Investors in Asia

Do you plan to buy property in Vietnam?
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Categorized as a global pandemic, the novel coronavirus (COVID-19) is having a drastic impact on all nations across the globe. From flight cancellations, travel restrictions, conferences and business gatherings being delayed, to millions of workers encouraged to work from home or stay at home, COVID-19 is affecting global supply chains and financial markets around the world.

Its rapid spread has resulted in an unprecedented series of measures, effectively closing entire countries and making it impossible to travel. Consequently, this has led to both property buyers and sellers taking a more cautious approach with their investments.

In order to get a better grasp of the situation, we reached out to our partners Redstone Asia, specialized in Vietnam property investments. Continue reading How COVID-19 Affects Property Investors in Vietnam: Redstone Asia Interview

9 Reasons Why You Should Invest in Vietnam Property

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Why You Should Invest in Vietnam Property

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Many people contact me and ask for investment advice in Asia.

Not rarely, they’re interested in countries like Indonesia and Korea. Sure, Indonesia may have potentials over the long run, but ownership regulations are still not favorable to foreigners.

Korea doesn’t grow as much compared to many other countries in the region unless you plan to stay there for personal reasons, I’d look elsewhere.

One country that is currently one of the most interesting for property investments in Asia is undoubtedly Vietnam. I see a lot of potentials in Vietnam, even in the long run.

In this article, I present 9 reasons why Vietnam’s property market is becoming increasingly interesting.

1. Eased Foreign Ownership Regulations since 2015

District 1 in Ho Chi Minh City, a quickly developing area

Before 2015, it was difficult for foreigners to buy and profit from Vietnam’s real estate market. You were only allowed to own one condo unit, for self dwelling purposes.

However, with the new Law on Residential Housing (LRH) introduced in 2015, it’s become remarkably easier to buy property in Vietnam. Prior to that, people were eagerly standing on the sidelines, waiting for the market to open up.

Continue reading 9 Reasons Why You Should Invest in Vietnam Property

Frasers Property Projects in Ho Chi Minh City 2020

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It’s well-known that Vietnam attracts many Singaporean developers who do their utmost to grab a share of this quickly growing market.

Frasers Property is one of the biggest property developers in Singapore that has finalized one commercial project in Ho Chi Minh City and is in the process of finalizing one of the most bespoke condominium projects in Thao Dien, District 2.

In this article, we review the projects, what makes them unique, about the facilities and amenities, unit types, how much you have to pay, and more. Let’s get started.

Overview:

Locations of the projects

1. Q2 Thao Dien

Q2 Thao Dien is located in the expat-friendly neighborhood of Thao Dien, District 2, and a stone’s throw away from other well-known projects like Masteri, Estella Heights, The Nassim, and The Vista.

The project is built by a local and a Singaporean investor, An Duong Thao Dien (Vietnam) and Frasers Centrepoint (Singapore). The construction started in 2017 and is set to be finalized in 2021.

In addition to 333 apartments, Q2 Thao Dien will have 6 villas, 12 townhouses, and 5 penthouses. It has a panoramic view of the Saigon River and many amenities in the area, including shopping malls, international schools, restaurants, and bars.

Another benefit of buying a unit here is that Q2 Thao Dien will be located just next to the future An Phu Metro Station on the 1st Metro line in Ho Chi Minh City. Analysts claim that real estate in the eastern parts of Saigon near the metro line is likely to increase from 10% – 20%.

Distance to other districts and cities:

  • 15 minutes to move to District 1, Thu Thiem Urban Area
  • 30 minutes to move to District 7, Tan Son Nhat Airport
  • 45 minutes to Bien Hoa
  • 30 minutes to Binh Duong
  • 1 hour and 15 minutes to Vung Tau
  • 1 hour 30 minutes to Dau Giay

Continue reading Frasers Property Projects in Ho Chi Minh City 2020

Sun Group Projects in Vietnam 2020

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Many foreigners are not as familiar with Sun Group compared to other big property developers in Vietnam, including Vinhomes and Novaland. With that said, Sun Group has many well-known projects under its name.

A difference between Sun Group and other developers is that they build both residential property, infrastructure developments (like bridges), and branded hotels.

In this article, we list Sun Group’s projects in Vietnam and explain what makes each project unique. Let’s start with one of its bespoke and high-end apartment projects.

1. Sun Grand City Thuy Khue Residence

Sun Grand City Thuy Khue Residence is a premium condominium project with a large shopping center complex. Finalized in 2018, the project is merely 100 meters away from West Lake, offering a tranquil environment.

Residents can enjoy many green areas and vegetation as 45% of the total area is dedicated to green landscape, square, and different amenities. The project has high-end apartments built in a modern design and with contemporary furniture.

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Keppel Land Projects in Ho Chi Minh City 2020

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Ho Chi Minh City is well-known for being the home to several leading Singaporean developers who fight head-to-head, trying to grasp market shares. Keppel Land is undoubtedly one of the leading developers in Ho Chi Minh, you can even find their logo at the top of the Saigon Centre, right in the city center.

Keppel Land is also in the process of building a massive mixed-use project that is set to become the new financial center of Ho Chi Minh, something that I will explain more about later in this article. Today, we review Keppel Land’s projects that are finalized, under construction, or planned for the future in Ho Chi Minh.

Overview:

Locations of Keppel Land’s projects in Ho Chi Minh

1. Palm City

Palm City is an integrated waterfront development located in District 2. The project comprises 12 blocks, including Palm Residence: 135 landed houses (Phase 1), Palm Heights: 816 apartment units (Phase 2), and Palm Garden: 617 apartment units (Phase 3).

Covering 30.2 hectares, it has a strategic location at Giong Ong To and Muong Kinh rivers and just a 15-minute drive from the central business district in District 1. Besides, residents will be only a 5-minute drive away from the Thu Thiem New Urban Area, the new financial district of Ho Chi Minh.

In addition to residential units, you can find shop houses, commercial buildings, a shopping center, school, kindergarten, and hospital here.

Address: Dau Giay Expressway, An Phu, District 2, District 2 Ho Chi Minh City, Vietnam

Website: Click here

Project Overview – Palm Heights

  • Unit types: 2-3 bedrooms, 76-123 sq.m.
  • Price: from VND 29 million per square meter
  • Number of units: 816 apartments
  • Floors: 35
  • Completion: 2019

Project Overview – Palm Garden

  • Unit types: 46-130 sq.m.
  • Price: VND 4.9 billion
  • Number of units: 671
  • Floors: 35
  • Completion: 2021

Project Overview – Palm Residence

  • Unit types: Studio – 4 bedrooms, 47-102 sq.m.
  • Price: From around VND 4 billion
  • Number of units: 135
  • Floors: 3
  • Completion: 2017

Facilities & Amenities

  • Clubhouse
  • Swimming pool for Adult and Children
  • Jacuzzi
  • Sauna
  • Outdoor shower
  • Children’s outdoor playground & indoor playroom
  • BBQ pits
  • Park
  • Others

2. Empire City

Empire City is one of the most bespoke projects in Ho Chi Minh and located on a prime 14.6-hectare waterfront size in the future new financial center, Thu Thiem New Urban Area. The project will have as many as 3,000 residential units, retail properties, offices, and an 86-story mixed-use tower.

The project is located just next to the Saigon River in District 2 and will become the biggest commercial and economic center of Ho Chi Minh. Here, residents and the public will be able to enjoy entertainment, cultural, and recreational activities.

Empire City will be located with proximity to various landmarks. For example, 14 minutes from the Notre Dame Cathedral, 11 minutes from Ben Thanh Market, and 11 minutes from the Bitexco Tower.

Completion: 2020

Address: Ben Thanh, District 2, Ho Chi Minh City 700000, Vietnam

Website: Click here

Continue reading Keppel Land Projects in Ho Chi Minh City 2020

Mapletree Projects in Vietnam 2020

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Vietnam might not be the biggest market for Mapletree, with that said, it’s a leading Singapore-based developer that operates in dozens of countries. Since it entered the market, Mapletree has primarily built commercial projects in Vietnam, such as office space, business centers, and warehouses.

But, you’ll also be able to find a handful of residential and mixed-use projects built by the company.

In this article, we review Mapletree’s projects in Ho Chi Minh, Hanoi, Bac Ninh, and Binh Duong. Keep in mind that the two latter ones are industrial cities so all of the projects there are commercial.

Mapletree Projects in Ho Chi Minh

Locations of the projects listed

1. One Verandah

One Verandah was completed in District 2 in 2018 and has become one of the most popular and bespoke projects in Ho Chi Minh. In 2018, Oner Verandah one several rewards at the PropertyGuru Vietnam Property Awards, including:

  • Best High-End Condo Architectural Design
  • Best High-End Condo Landscape Architectural Design

The project has a modern design with many green areas in the surroundings. Thu Thiem, the new financial district, is located a short drive away. Residents and investors can enjoy high yields and plenty of facilities and amenities, including a BBQ pavilion, gym, tennis court, library, swimming pool, and more.

Completion: 2018

Address: Thanh My Loi Ward, District 2, Ho Chi Minh City, Vietnam

Continue reading Mapletree Projects in Vietnam 2020

Vinhomes Projects in Vietnam 2020

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Vinhomes is a subsidiary of the large conglomerate, Vingroup, and one of the biggest commercial real estate developers in Vietnam. Since its inception, Vinhomes has become a publicly listed company and builds projects in 40 cities all over Vietnam.

As Vinhomes has built projects in so many cities, it would be difficult to cover them all in this article. Therefore, we have limited the selection to the three most popular cities for foreign property buyers in Vietnam: Ho Chi Minh City, Hanoi, and Da Nang.

Vinhomes Projects in Ho Chi Minh

Location of Vinhomes projects in Ho Chi Minh

1. Vinhomes Central Park

Vinhomes Central Park is one of Ho Chi Minh City’s most famous condominium projects that was finalized in 2017. The project has 18 blocks, 10,000 condominium units, and 80 villas, located along Saigon River in Binh Thanh District. The condo units are modern and bright with balconies, new appliances, and suitable to families and couples.

Residents have access to a large park with jogging tracks, BBQ pits, ponds, and more. Besides, there are plenty of restaurants, barbershops, supermarkets, and cafes in the area. You can also find Southeast Asia’s tallest skyscraper in the project next to the project, Landmark 81, stretching 461 meters.

Completion: 2017

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Novaland Projects in Ho Chi Minh City 2020

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Novaland is one of the biggest companies in Vietnam and has expanded aggressively in Ho Chi Minh in the past years. In February 2019, Bloomberg reported that as many as 25% of all sold residential projects were built by Novaland.

Up until now, this major developer has primarily built projects in Ho Chi Minh. In this article, we list all Novaland’s projects that are under construction or finalized in the city.

We start and review projects that are under construction or planned for the future. After, we check Novaland’s completed projects. Continue reading Novaland Projects in Ho Chi Minh City 2020

CapitaLand Projects in Vietnam 2020

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CapitaLand is a renowned property developer in Singapore and entered Vietnam as early as 1994. It was one of the first foreign developers in the country and has built up a strong local presence.

Even if CapitaLand is based in Singapore, they primarily build residential, mixed-use, and commercial projects in other Asian countries, such as China and Vietnam. The company is famous for its high-quality and modern developments, priced in the medium to high segment.

In this article, we list CapitaLand’s residential projects that are finalized, under construction, or planned for the future in Vietnam.

CapitaLand Projects in Ho Chi Minh

Locations of CapitaLand’s projects in Ho Chi Minh

1. Feliz en Vista

Feliz en Vista is a large project with 4 blocks, 1,200 units, and more than 100 facilities. It’s strategically located in District 2 with just a 5-minute drive to the new financial district, Thu Thiem. Also, it’s only a 7-minute drive to District 7, one of the most developed and expat-dense areas. Continue reading CapitaLand Projects in Vietnam 2020

Ho Chi Minh City, Binh Thanh – Property Guide

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Binh Thanh is one of the biggest districts in Ho Chi Minh with one of the most favorable locations. The district is surrounded by the Saigon River in the eastern parts, facing both District 2 and Thu Duc District.

It also borders to District 1, making it a perfect location for residents who want to be just a stones-throw away from the hustle and bustle. District 1 can be crowded and noisy, a reason why many expats decide to live in Binh Thanh instead.

You’ll find some of the most popular residential complexes, nestled in between parks, restaurants, bars, and hotels.

Property Developments in Binh Thanh

Below you can find interesting projects that are finalized, under construction, or planned for the future in Binh Thanh.

Landmark 81

Completed in 2018, Landmark 81 is the tallest skyscraper in Southeast Asia and measures 461 meters. It’s built by the renowned Vietnamese developer, Vinhomes, which is part of the big conglomerate Vingroup.

Since the launch, Landmark 81 and it’s surrounding area have become a popular site for foreigners and Vietnamese to take photos, do shopping, watch New Year fireworks, and visit the big park that faces the Saigon river. Continue reading Ho Chi Minh City, Binh Thanh – Property Guide