Hanoi's Robust Stand in Vietnam's Property Market
Eye on Mulberry Lane to turn itself into a lucrative destination with very promising return
Vietnam has been making headlines boasting great economic growth, whether it’s the success in securing millions worth of projects with foreign companies or being a vacation hotspot with luxury hotels fully booked by Q1, 2018, the country is presenting a promising future for investors. In the first two months of 2017, Vietnam has already reached its targeted US$3.4 billion foreign direct investment (FDI) as statistics from Foreign Investment Agency revealed. Vietnam has undoubtedly declared its significant status in the international community, but it’s not without an ingenious strategy. Back in 2015 came the new residential housing law that allows foreigners to buy properties in the country for a 50-year leasehold with renewal possibility upon expiration. Since then, it welcomed another wave of foreign investment, giving its property market an auspicious push. Hanoi, the capital city, has apparently become the center of investment. Foreseeing the growth of the property market, multiple premium infrastructure projects have been carried out and planned to launch, elevating the area with magnificent facilities that offer supreme accessibility and extreme convenience.
Mulberry Lane, developed by CapitaLand, one of Asia’s leading property developers, is located right at this ideal spot taking in all the advantages. The fully finished condominium sits just six minutes away from the upcoming Metro (MRT) station and current Bus Rapid Transit (BRT), granting the fact that the two Metro Lines are expected to complete by 2018. The government is well aware of the congested traffic and as Prime Minister Nguyen Xuan Phuc said at the Investment Conference held on June 25, 2017 in Hanoi, the spirit of a facilitative government was well received by businesses but he urged the city to work towards building a modern and green city to attract more investors. And Hanoi is right on track. The city already launched the first BRT, one of its several public transport projects, in December 2016 to help reduce the use of personal vehicles that caused traffic jams. To control the heavy road traffic, the city aims for both “the high and low,” which in other words, overpasses and underpasses at key intersections with six projects already completed and one under construction. On the international level, the award-winning Hanoi Noi Bai International Airport will get a US$5.5 billion proposed expansion to double its capacity. Surrounded by all the propitious developments, Mulberry Lane is bound to earn the avant-garde reputation well equipped with the foremost facilities. The successful transition of Hanoi duly raises its properties’ investment value, and Mulberry Lane has already caught many buyers’ attention.
To further accelerate investment, Hanoi is aggressively evolving into a lucrative destination pledged to increase the property market revenue. The city’s new CBD Nam Từ Liêm features the tallest building in Vietnam—Keangnam Landmark 72, which is only a 10-minute drive from Mulberry Lane. The prime location circled itself with kindergartens and international schools plus three prestigious universities: University Hanoi, University Kien Truc / Architectural, and Hanoi University of Natural Science. It’s no doubt, while Vietnam is skyrocketing to become the prosperity haven, Hanoi is catching up with its great economic and geographic potential to facilitate its investment strategy for foreign investors. Within the Mulberry Lane’s neighborhood, the convenience of shopping, dining, and entertainment simply adds more credit to its geographic superiority, for the facilities are all only minutes away from the property. Supermarkets, movie theaters, shopping malls, restaurants, etc. all levitate its string of investible possibilities. Not to mention the in-house facilities like the 50M Lap Swimming Pool, Outdoor Jacuzzi, Children’s Pool, Children’s Playground, Badminton Courts, Golf Simulator, etc. that offer not only privileged convenience but also a reflection of the city’s immense investment potential.
Hanoi is like Beijing, possessing great investment value as over the past 20 years, it has an annual average growth rate of 9.5%, with its size grew from 8.2% of the national economy to 13.6%. The massive influx of capital lures a productive up-turn in its property market and sets the prime time to invest in the ever-booming economy. And Mulberry Lane is indeed the optimum choice. It’s a completed project, price starting from HK$1,630,000 with a down-payment of HK$163,000, available in 2- and 3-bed units with net area from 1,150 – 1,580 sq.ft. (106.9 to 146.81 sq.m.), average sq. ft. from HK$1,428 and rental guarantee is 7% p.a. for 2 years*. One thing for sure is, with the FDI and government revenue increasing, Vietnam is taking a big leap in its economic growth, meanwhile Hanoi’s successful developments have also welcomed an enormous inflow of investment in its property market and is destined to make another upsurge of fortune.
Register with Ashton Hawks for your interest in purchasing Mulberry Lane.
Contact person: Kelvin Chan
+852 9736 8223
*Terms and conditions apply