In 2009, when Kusto(investor) and his partner in Vietnam was Binh Thien An Joint Stock Company winning the island construction contract for $ 14 million, Diamond Island was immediately planned to become a new urban area and be adjacent to the city center.
The investor targets high-end and non-mass-market customers that use the 10,000 most potential customers to the market. The marketing events are also equally luxurious and put to use both the $ 2 million yacht for VIP guests. The Diamond Island Project was at that time considered the “million dollar apartment project” because of the high initial selling price.
However, when the property market “freezes” in the period 2011-2013 due to the phase difference supply – demand has changed the face of the market in many respects. By 2016, the offer price of Diamond Island has been adjusted to suit the current market. Price compared to 7 years ago has reduced to ½ with the same area. However, all the elemental and luxury elements determined by investors from the beginning remain unchanged. This is the advantage if investors want to decide to buy Diamond Island at the moment.
High project attractiveness, predicted post-high price towers
With its potential location and lucrative selling price at the moment, Diamond Island is one of the most centrally located city center projects. The first tower was completed and handed over to customers, Diamond Island is opening the second tower selling Bora Bora at a lower price. As soon as information about Bora Bora, the number of customers interested in this tower is quite high, the number of orders is also massively. Besides, the bridge project of Mai Chi Tho street has been officially approved (it will be kicked off in the second quarter of 2017). Analysts assessed and said that the investor is likely to open the sale. Later towers with prices comparable to or higher than Brilliant Towers. If the rental investment with the demand for soft, high demand and high prices due to joint ownership of luxury living space in Diamond Island, this is a good time to consider buying Bora Bora.
The return on investment is up to 8%
The average rental price at Brilliant Tower is 1-bed room is 11 million dong, 2 bedroom unit costs from 15 million dong and 3 bedroom apartment is over 20 million dong. Analysis of the price and initial investment and incentives from Techcombank when the grace period 0% of the original loan within 2 years, 30% payment was able to receive housing, then can see the return on investment at Diamond Island can be up to 7% – 8%. Not to mention the apartment here will continue to profit thanks to bridges Diamond Island – Mai Chi Tho Avenue will be completed in two years.
You are reading the article “3 Reason To Buy Diamond Island Inorrder To Invest” in the section “Real Estate” on the website: https://realestatevietnam.com.vn/
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