Which projects to choose for investing in leasing the foreigners

With high and stable profitability, the trend of investing in houses for rent to the foreigners is still preferred by many investors.

Sustainable profitable channel

Foreign direct investment (FDI) pouring into Vietnam in 2018 is up to about USD 36 billion, which also means that the numbers of foreign experts to Vietnam continues to rise.  Therefore, real estate investors also judged that leasing houses to foreigners is still an effective profitable channel.  Such profit is not only a long-term, stable source but also helps investors to optimize the idle cash flow.

However, it is also necessary for the investors to attach attention in choosing suitable products to make it easier to find tenants.  Foreign experts with the income and being familiar with the living standard in their own countries, so that they are ready to pay a large amount to invest in optimum life quality, ensuring their family and individuals’ demands.  Areas where most of foreigners reside are also often places of many joint ventures and foreign companies.  They also live closely to from foreign communities in Vietnam.

A leader of a real estate exchange specializing in searching houses for foreigners,  said that the rent in areas where lots of foreigners live and work, forming a large community with good services is often  higher.  For example, at ​​Trung Hoa – Nhan Chinh and Thanh Xuan, where a large number of Korean customers live and work, the rent of a 2-bedroom apartment usually ranges from VND 13-16 million per month,  while the rent of a 3-bedroom apartment is about VND 20-23 million.

“From an investor’s view, I think it is essential to focus on real estate projects possessing good infrastructure but ensuring privacy, not too crowded and hasty, and being integrated with many utilities, satisfying  the high demand on life enjoyment for foreign tenants ”, he noted.

Another worth noting thing upon investment in houses for rent to foreigners is the prestige of the owner to avoid potential fees may incur during operation, causing loss of good impression from tenants.  In particular, the projects which are well developed services such as supermarkets, indoor and outdoor swimming pools, yoga, gym, sports areas; babysitting, housekeeping, shuttle, etc. also affect the foreigners’ psychology when renting a house.

Rivera Park capture interest from real estate investors

Being able to find  a project satisfying all of the above factors when investing in house for rent is a quite harsh problem requiring the investors to be cautious.  Despite the fierce competition of the real estate “arena”, this hot segment has more and more new projects with sharp and unique advantages, Rivera Park project at 69 Vu Trong Phung (Hanoi) is still able to affirm its position and always attracts the attention from many acute investors thank to its combination of ideal points for the foreign resident community including experts, intellectuals and business owners with a civilized living environment.

Perspective of Rivera Park project in Hanoi

To be developed at the location adjacent to Trung Hoa – Nhan Chinh, Le Van Luong areas and located in the center of Thanh Xuan district, Rivera Park is expected to capture lots of attention from many Korean guests because it takes only 5 minutes to the Korean consulates. Surrounding this area, it is also convenient to move to the head offices of a lot of Korean enterprises in Keangnam Ha Noi Land Mark Building, Hanoi Land Mark, Charmvit Tower, PVI Tower, etc.

From the project, it is easily to connect to the head offices of the top agencies; big corporations; hospital system; entertainment and commercial center system (Royal City, Big C, cinema system), etc.

Rivera Park also owns a system of synchronous and plentiful internal utilities meeting the renting requirements of foreigners. These are 3 indoor and outdoor swimming pools, internal parks, playing grounds, commercial areas, stone walkways, kindergartens, gyms, supermarket, etc. and superior furniture in each apartment, contributing to improving the life quality of residents.

The owner dedicates the top floor of Building B to create common space for the residents community such as an indoor children playing area, overhead yoga garden, chess playing garden, a BBQ garden, etc.

Perspective of utility on the top of Rivera Park project in HanoiAt present, customers only need an amount of 30% of the apartment value, which is equivalent to VND 666 million, to be handed over apartments of Rivera Park Hanoi.  With 65% of the apartment value, the buyer shall be supported by Long Giang Land with 0% interest rate for 12 months.  After spending about 1 month to construct furniture, the house owner can use for rent and has up to 11 months without paying bank principal and interest. Specially, customers buying apartment at this time are also entitled to the package of buying luxurious houses- receiving gold up to 80 maces when buying interior furnished apartment.

Contact information:

Sales consultancy and management unit: Weland Real Estate Development & Trading Co., Ltd.

Official distributors:

Grandland Trading and Real Estate Co., Ltd

An Phat Real Estate Joint Stock Company

Realhomes Real Estate Business and Services Co,. Ltd

Hotline: 0971 966 889

 Dân trí