The attractiveness of the profit and the potential for exploitation make investors constantly pour capital for building hotel (condotel). However, tastes of customers are also increasingly strict, so only projects that are really different can make a breakthrough.
Condotel – the charm remains intact
In 2012, the name Condotel began to appear in the real estate market in Vietnam. Condotel projects are mainly located in the coastal cities such as Nha Trang, Phu Quoc, Da Nang, … then quickly spread to many provinces and cities across the country.
Five years have passed but the charm of this type of property seems to remain intact. According to the HCMC Real Estate Association’s Ho Chi Minh City Real Estate Association (HoREA) report for the first half of 2017, hotel projects accounted for 56% of the total, becoming the dominant segment of the nourish real estate market.
In the world, this type of real estate is exploited in parallel between the advantage of resort hotel and apartment for a living. However, in Vietnam, most of the hotel apartments are built in complex resorts in many famous tourist destinations.
Hotel apartments are exploited as a type of high-class convalescence hotel, have not promoted the advantages of accommodation or long stay, so the large cities such as Hanoi, Ho Chi Minh City is usually absent this real estate.
Meanwhile, the real estate market in Hanoi, high-class segment which is very exciting suddenly leveled down despite the demand is still a lot. “One of the reasons is that the supply is unattractive to customers, repetitive designs are boring, there are no distinctive features, low quality of service, lack of usability …”, Mr. Tien Dat – sales staff in a real estate floor said.
5 Seasons – “Build to Stay”
Understanding this need, after thoroughly researching the market, TNR Holdings Vietnam decided to take the hotel apartment to the capital and exploit in a completely new way – “built for living” with the 5 Seasons project.
“5 Seasons” is considered a bold and completely different step in the segment of luxury apartments as one of the pioneering projects in the direction of hotel apartments – condotel with standard 5-star hotel together with outstanding advantages.
Located at 47 Nguyen Tuan, “5 Seasons” is located on the key economic axis in the west of Cau Giay – Thanh Xuan – Ha Dong. These are the main arterial roads, which are especially important in traffic with the Vanh Dai 3 system, the high railway, Nguyen Trai, Le Van Luong … The high railway will be the traffic solution for banning motorcycles by 2030.
From the project, residents can completely move to anywhere in the city, quick connection to the school system, hospital, trade center leading Hanoi.
In addition, the class of 5 Seasons is located in quality built. Hoa Binh General Contractor – a leading construction company in Vietnam, is a contractor for quality assurance of construction works and advanced construction technology with leading materials.
You can read more information at Vietnam Real Estate Investment
5 Seasons Hotel is a perfect combination of luxury apartment design with 5-star hotel service standards, which are modern, yet luxurious and sophisticated. Apartment furniture is also completely imported from the world luxury brands.
However, no matter where beautifully positioned the project, the unique design cannot have a perfect level if it does not have the quality of living, worth and not to operate professional way.
Free lifetime privilege 9 luxury utilities and services 5-star hotel cares is the difference of the 5 Seasons, helping the lives of residents really sublimated and reached the standard of enjoyment.
“5 seasons” has full of advantages and potential to become the new investment success center. Analysis of investment time, this is the best time to capture immediately to invest in 5 Seasons when the starting price is only $1,150 / sqm, the lucrative opportunity of up to 12.7% per year, the ability Return in 8 years. If you miss the opportunity at 5 Seasons, investors can hardly find a second product of quality, price and potential as the standard 5-star hotel – 5 Seasons.
You are reading the article “Condotel Projects Are Blooming, Where To Invest For Profit?” in the section “Real Estate News” on the website: www.realestatevietnam.com.vn
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