Natural island estate attracts foreign investors

Not only attracting domestic customers, residential areas on natural islands also attract overseas Vietnamese and foreign investors thanks to convenient, classy and private ecological living spaces.

The fresh, modern and private life on natural island

Island residential estate has become a priority of investment of the rich. Among the world-famous ecological islands that are favored by the wealthy, business people, celebrities are Palm Jumeirah Island in Dubai and Deep Water Bay in Hong Kong. Each villa on Palm Jumeirah Island costs about $3.5 million. Well-known celebrities like former football star David Beckham, former supermodel Naomi Campbell, and actor Denzel Washington own estate on this island.

In Vietnam, residential projects on natural islands adjacent to the city center have also lured the wealthy’s interest. Experts said that the ‘absorption’ rate of this type of real estate is very high. For example, the rate is more than 90% for Phoenix island - Aqua City project in the east of Ho Chi Minh City. These limited products are particularly appealing to overseas Vietnamese and foreign customers.

Natural island estate attracts foreign investors
 Phoenix island - Aqua City  has a great attraction to overseas Vietnamese and foreign investors

Ms. Lucy Nguyen - a customer - said: “I am really impressed by the ecological greenery, the river and the fresh living environment on Phoenix island. I did not think that there is such a large-scale residential area right next to Ho Chi Minh City, which is both well-planned and fully equipped with all necessary infrastructure facilities from schools, health care centers to high-class entertainment facilities and full of ‘natural breath’ like that".

During their visit to Aqua City , movie director Victor Vu and his wife chose a house of the Aqua City project. He said that he and his wife felt comfortable once entering here. Its fresh environment, where everything is very tidy, immediately gave him and his wife a special feeling. Aqua City is the perfect choice for overseas Vietnamese when they return to Vietnam.

Natural island estate attracts foreign investors
  Director Victor Vu highly appreciates the environment and living conditions in Aqua City

Sharing about the attraction of the project, a representative of Novaland Group, the developer of Aqua City project, said: "With the rare position of a natural island in the heart of the Aqua city, Phoenix Island possesses beautiful natural beauty as it is surrounded by rivers and ecological environment. This isolated living space that is close to nature,  is only about 20 minutes of travelling from the center of Ho Chi Minh City or from the Dong Nai Province-based Long Thanh international by road (when the infrastructure is complete). Especially, in addition to the road system, residents of Aqua City can travel by yacht, canoe or water taxi to Ho Chi Minh City by the beautiful Saigon - Dong Nai river route".

Natural island estate attracts foreign investors
Aqua City Phoenix with a prime location

Experts say that the eastern area of ​​Ho Chi Minh City possesses the advantages of rivers and natural islands suitable for the development of high-end eco real estate projects. Currently, the strong investment in infrastructure in this area, especially a series of key projects such as Metro No. 1 Ben Thanh - Suoi Tien route, ring roads, Ho Chi Minh City - Long Thanh - Dau Giay highways, and deep-water ports, helps increase regional connectivity.

For the first time, Vietnam was named among the top 10 best countries for foreigners to live and work by HSBC Expat 2020. Since then, investors have increasingly paid attention to the Vietnamese market. Meanwhile, the ideal and classy living spaces like eco-island urban areas have also been “aimed” at by foreign investors and overseas Vietnamese.

 

Potential profitability

Considered one of the dynamically developing regions of Vietnam in recent years, the east of Ho Chi Minh City is home to large industrial zones and a strongly invested transport infrastructure system. For example, in the first 10 days of 2021, Dong Nai province attracted more than $226 million of investment capital, mainly from South Korea and Japan.

At the same time, the construction of the Long Thanh International Airport started earlier this year, promising to attract a large number of foreign experts. This force, combined with the number of experts working in the industrial zones in the area, creates a great demand for housing, especially eco-urban spaces, fully-equipped island cities.

In addition, the attractiveness of the real estate market here also comes from the reason: the land fund in the center and the east of Ho Chi Minh City becomes increasingly scarce, so the rich and foreign investors all desire to own real estate products of this type early.

Ms. Kelly Lin - a Taiwanese customer - said: “I am especially impressed with Aqua City because this project is located in a prime location. All products in this area like townhouses, villas, shop-houses appeal to me because they meet all the things I expect for both residential and investment purposes”.

Natural island estate attracts foreign investors
Phoenix island – Aqua city is highly valued by investors for its potential profit.

According to investors, the need to own this type of island ecological residential real estate in the east of Ho Chi Minh City is inevitable and will develop strongly in the future. The rich often want to live in private, classy, high-class areas, while connectivity, civilization, and convenience is still ensured. Investment returns and liquidity of this product line is often higher than other types of housing, thus, it attracts the interest of investors.

Mr. Su Ngoc Khuong - Senior Director, Savills Vietnam’s Investment Division - emphasized: “Macao and Hong Kong are good lessons to develop island villas for the super-rich. These people are willing to spend $50-70 million to own such products and willing to take personal planes to work every day. According to a report by Savills, the price of riverside and island estate in major cities in the world such as London, Paris, Shanghai, Sydney, Hong Kong... is usually 10-50% higher than estate products in other places".

Find more information, see https://aquacity.com.vn or call hotline 0943797979

PV

 
 

Other News

.
More Vietnamese agro products to be available on e-commerce platforms
More Vietnamese agro products to be available on e-commerce platforms
BUSINESSicon  29/05/2021 

Following successful sales of lychees, efforts have been made to sell other Vietnamese farm produce on e-commerce platforms, the Nong nghiep Viet Nam (Vietnam Agriculture) newspaper has reported.

Debt burden risks budget stability
Debt burden risks budget stability
BUSINESSicon  29/05/2021 

Vietnam has had outstanding economic development in recent decades, even through the pandemic so far. 

Paint makers’ fresh coat of progress
Paint makers’ fresh coat of progress
BUSINESSicon  29/05/2021 

Having one of the fastest-growing paint and coating industries in the Southeast Asian region, Vietnam is mainly dominated by international paint and coating groups, but it is now witnessing a refresh as local makers attempt to gain some traction.

'Black-credit' lenders pose serious threat to borrowers
'Black-credit' lenders pose serious threat to borrowers
FEATUREicon  28/05/2021 

Experts have repeatedly rung the alarm bell over black credit, which is causing serious consequences to families and society.

PDP8 delay to unlock more cost-effective renewables
PDP8 delay to unlock more cost-effective renewables
BUSINESSicon  28/05/2021 

The past 12 months have been a period of intense activity for Vietnam’s power sector.

Inefficient State-invested projects must be removed from list: PM
Inefficient State-invested projects must be removed from list: PM
BUSINESSicon  27/05/2021 

The Cabinet leader recently issued a directive urging relevant agencies and localities to accelerate public investment disbursement and improve the quality of the mid-term public investment plan between 2021 and 2025.

Great investment opportunities in cold storage
Great investment opportunities in cold storage
BUSINESSicon  27/05/2021 

The rise of online shopping is driving demand for cold storage facilities, a segment that is severely short of supply around the world.

Vietnam to spend $124.5 billion on public investment over next five years
Vietnam to spend $124.5 billion on public investment over next five years
BUSINESSicon  27/05/2021 

Vietnam plans to outlay 2.87 quadrillion VND (124.5 billion USD) on public investment in the 2021-2025 period, up 120 trillion VND compared to the previous estimate.

Moody's affirms credit ratings for four Vietnamese banks
Moody's affirms credit ratings for four Vietnamese banks
BUSINESSicon  27/05/2021 

Credit rating agency Moody's on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.

Vietnam’s energy giant sets ambitious revenue of $1.2 billion
Vietnam’s energy giant sets ambitious revenue of $1.2 billion
BUSINESSicon  28/05/2021 

The PetroVietnam Power Corporation (PV Power) aims to earn VND28.4 trillion of revenue (US$1.2 billion) and pre-tax profit of nearly VND1.55 trillion this year.

Tax tweak puts strain on apparel makers
Tax tweak puts strain on apparel makers
BUSINESSicon  27/05/2021 

On-spot exports are now not subject to duty exemption, possibly derailing the recovery of textile and footwear companies.

Electricity prices still not falling despite oversupply
Electricity prices still not falling despite oversupply
FEATUREicon  27/05/2021 

The Electricity of Vietnam’s (EVN) latest report showed that the Covid-19 pandemic has led to a decrease in electricity demand. The real electricity output in 2020 was 247 billion kwh and the additional charge growth rate was 3 percent.

Goods face strict customs inspections as smugglers continue to violate laws
Goods face strict customs inspections as smugglers continue to violate laws
FEATUREicon  27/05/2021 

The General Department of Customs (GDC) said that risks in transit services continue to exist as smugglers try to carry prohibited goods into Vietnam.

Economist proposes measures to support enterprises in tough times
Economist proposes measures to support enterprises in tough times
FEATUREicon  28/05/2021 

Pham The Anh, chief economist at the Vietnam Institute for Economic Policy Research (VEPR), believes that social security support must be given to people who have had to shut down their business or have lost jobs because of lockdowns.

San Diu ethnic farmer grows the most expensive litchis in Vietnam
San Diu ethnic farmer grows the most expensive litchis in Vietnam
FEATUREicon  28/05/2021 

Tran Van Hanh, who lives in Chao hamlet, Luc Ngan district, Bac Giang province, one of the two largest litchi growing areas in Vietnam, owns an orchard that grows the most expensive litchis in the country.

Vietnam's post-pandemic economy
Vietnam's post-pandemic economy
FEATUREicon  27/05/2021 

As the Covid-19 pandemic persists, Vietnam's economy will still face many difficulties, but the country has the potential to increase productivity and develop at a higher rate than many other countries.

Oddest bank in Vietnam: No CEO, chairman takes office for two hours
Oddest bank in Vietnam: No CEO, chairman takes office for two hours
BUSINESSicon  27/05/2021 

The nearly decade-long war for power at the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) may be coming to an end. 

VIETNAM BUSINESS NEWS MAY 28
VIETNAM BUSINESS NEWS MAY 28
BUSINESSicon  28/05/2021 

Food companies pressured by soaring raw material prices

Share prices rise, strong cash flow emerges
Share prices rise, strong cash flow emerges
FEATUREicon  26/05/2021 

Vietnam’s stock market made a spectacular breakthrough in the first months of the year with the VN Index staying at the 1,200 point threshold and some blue-chip prices strongly increasing.

Taxing unoccupied villas: one solution for creating fair housing market
Taxing unoccupied villas: one solution for creating fair housing market
FEATUREicon  26/05/2021 

A reasonable taxation policy is expected to help settle several problems, including excessive investment in high-end apartment and villa projects, and speculation buying.

 
 
 
Leave your comment on an article

OR QUICK LOGIN