The Unmatched Advantages of Luxury Apartments with Prime Location
In the fiercely competitive real estate market, luxury projects have always been the golden child of developers. When investing massive amounts of money into building high-end projects, developers reserve the most prime locations, the most exceptional designs, and the most exquisite landscapes for these “golden children”. As a result, the luxury real estate segment always enjoys significant advantages and continuously increasing prices.
Both in Hanoi and Ho Chi Minh City, the prices of luxury apartments have never cooled down. According to a report by the specialized website batdongsan.com.vn, in 2023, the price of luxury apartments is projected to grow by 8% despite market fluctuations in Hanoi. Similarly, luxury apartments in the heart of Ho Chi Minh City still face a shortage of supply.
A prime example is the Vinhomes Golden River project located in District 1, Ho Chi Minh City. Recently, the developer, Vinhomes, released a “recruitment” basket consisting of versatile apartments that can be flexibly used for living or as a business headquarters. Within a short period, the available units in the basket were almost sold out, with the remaining few being counted on one hand.
The Unparalleled Appeal of Vinhomes Golden River
Real estate experts point out three irreplicable factors that contribute to the allure of this premium urban area: scarcity, prime location, and understanding the needs of the upper-class clientele. Vinhomes Golden River can be considered the only completed luxury apartment project in the heart of District 1, boasting two river-facing sides. The 25.3-hectare urban area is located on Nguyen Huu Canh and Ton Duc Thang streets, with the other two sides surrounded by the Saigon River.
From its early days, Vinhomes Golden River caused a stir in the market due to its prime location and the developer’s generous investment in landscaping and diverse amenities. With only 18.6% of the area used for construction, Vinhomes Golden River provides over 175,000 square meters of green space – a top priority for high-end customers. It is a favored choice among intellectual buyers, as it ensures liquidity and value appreciation even in the most challenging market conditions.
A Guarantee of “Money Begets Money” Potential
When evaluating the potential of real estate, apart from location and product quality, the quality of cash flow cannot be overlooked. This is a fundamental lesson and the guiding principle for professional investors.
Bill Miller, the legendary billionaire who beat the S&P 500 index for 15 consecutive years, summarized the key to success by stating, “The value of an investment is the value of its future cash flow, so that is the most important factor”.
With the flexibility of multi-functional apartments, owners can easily use them for personal purposes or rent them out to a wide range of customers, including business professionals and artists in need of a prestigious residence or elegant meeting space in the city center. According to statistics, similar Grade A office rentals in the center of Ho Chi Minh City are priced at approximately 1,320,000 VND/square meter/month, with an occupancy rate of 92%. This makes the last remaining units in the “recruitment” basket at Vinhomes Golden River particularly attractive, especially in the context of record-low savings interest rates, leading investors to shift their focus towards profitable alternatives.
Seize the Rare Opportunity
After several years on the market, the apartments in Vinhomes Golden River’s initial primary basket have seen significant price increases. Currently, the opportunity to acquire the last few units from Vinhomes Golden River’s primary basket is indeed rare and savvy investors should seize the opportunity.
To learn more about luxury apartments and prime real estate investment opportunities, visit Business Today