Apartment in combination office (Officetel) small area from 35sqm – 60sqm in Ho Chi Minh City, can both stay at office and is currently being bought by investors because of the high monthly rent.
Low supply, high rents
In 2016, Ms. Thanh bought an apartment in the office (officetel) of a project at Ben Van Don street in District 4, Ho Chi Minh City for VND1.3 billion, area of 35sqm, equivalent to 37 million/sqm. At the same time, the hybrid line has both functional and residential functions that are still new. Investors are cautious with the unfavorable characteristics of apartments that are only owned 50 years instead of long-term ownership.
However, more than two years later, to the time of August 2018, Officetel apartments in this project suddenly jumped to VND60 million / sqm, nearly double the original price from the investor. Ms Thanh received the offer to sell the hybrid apartment for 1.6 times higher than the purchase price. “I decided to keep it, because the rent is very good, VND17 million a month (including basic furniture). If you sell it then it is difficult to find the officetel center position because the market is not available, “Thanh explained.
Investors said that the time of buying office apartments she also has many concerns because the owner informed the term of ownership is only 50 years, do not have permanent residence but only stay (not granted Household). But then recalculated, with the capital of VND1.3 billion can not buy any property adjacent to District 1 move a few minutes. Moreover, guests are paid according to progress in two years until receiving the house, so she bravely bought money and luckily invested for high efficiency.
Tan, a ten-year-old real estate investor in Saigon, has been hunting for officetel apartments near Tan Son Nhat airport. Officials at Nguyen Van Troi street in Phu Nhuan district have always been on fire. . Since the sale of customers compete for a limited number of goods, when in operation, renters queue up rent registration despite the high price because of seven years.
The selling price of office apartments in the project on Nguyen Van Troi doubled compared to the initial purchase time due to scarcity of supply and the rate of return on rent reached over 10%, even higher than the apartment. luxurious. “Logistics companies and import-export services are very fond of this type of office-based apartment because they are cheaper than rented houses,” Tan said.
Officetel apartment market in District 2, location is convenient to move to district 1, is also increasing heat each day. Although it is in the finishing stage, about to be handed over, the price is slightly higher than other neighboring projects, but the office apartments of the Diamond Island project is still interested in booking in July. calendar. However, because the whole project has only a commercial apartment tower, office with only about 220 officetel office building, the investor has to register with the customer before opening 1.5 months. The price of the office in Diamond Island is estimated at about VND55 million / sqm, the area and type of apartments vary from 1-3 bedrooms.
Officetel sales increased by 35% on average from opening to delivery
In the last 3 years, officetel investors have won big crowds in districts 4, 5, 10, Phu Nhuan and Tan Binh (near the airport). Currently, District 2, District 7, this type of apartment is also being sought because the total value of soft than a commercial apartment.
Up to the second quarter of 2018, Officetel apartments have appeared on projects such as: Florita, Charmington la Pointe, Sunrise Riverside, Sunrise Cityview, River Gate, The Tresor. Also in the East City area, the project has officetel apartments can be referred to as: Diamond Island, The Sun Avenue, Master An Phu. This niche market niche is surprisingly attracting a large number of keen investors.
Recognized in 15 apartment projects in the central area has been handed over, indicating that the real estate agents rushed to hunt the officetel apartment is very good rent. Specifically, each officetel apartment in the above projects covers an area of about 25 – 40sqm but has a high rent of VND16-17 million (in the center) and about VND10 million in the area of active office activities.
Good rental performance is the reason for the small size of the apartment and the combination of both the demand and the office has an average price increase of 20-35% (even higher, 1.5-2 times) from first sale to handover but few want to resell.
?The launch of CANARY TOWER Tower – Diamond Island Project – Diamond Island ?
✅ Time: 8h30 – 12h00 on August 25, 2018
✅ Location: Kim Cuong Island Project, M Floor – No. 01, 104 – BTT Block 3, Binh Trung Tay Ward, District 2.
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