Cantavil Premier has been in use since 2014, residents are already crowded and utility systems have been perfected, whether to buy apartments here for lease again?
It is not hard to buy at a reasonable price
Cantavil Premier’s initial sale price was set at VND 36-38 million / sqm at the time of 2012. However, at the present time of February 2017, it is not too difficult to find a new apartment here. The price from VND 31 million /sqm sold by the owner for personal purposes. This is said to be cheaper than the original selling price and if the investor wants to buy an apartment here, the lease can still be profitable.
Investment rates can be as high as 6.5% per annum
Cantavil Premier 2 bedroom apartment for rent is VND 13 million / month, 3 bedrooms at VND 16 million / month. On average, if the unit has a lease, it will earn between VND 156 million and VND 192 million. Price on the market trading in February 2014 is from VND 2.4 billion for the two bedrooms and VND 3.1 billion for the third bedroom. According to the formula of investment interest, with a one year rent divided by the initial investment price, the investment rental rate at Cantavil Premier will be 6.5% or higher. A relatively good and safe number for investors who are not too risky to find an easy-to-rent residential area and a long lasting value for their location.
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