District 1 Ho Chi Minh City is home to the most competitive real estate market in ASEAN.
Competitive level of real estate market in HCMC
According to the assessment of CBRE Vietnam, but are at a record high since 2004, but now the price offered luxury apartments in HCM City has been listed as a competitive market compared to major cities in the area. Specifically, the price of this luxury segment in HCM City is $2607- $6522 / sqm, still much lower than Singapore $17.391- $21.739 / sqm or Bangkok is $6087-$8696 / sqm
It can be said, real estate prices in this area is still a lot of competitive potentials.
The competitive level of real estate market in the center of District 1 – Ho Chi Minh City.
Foreign investors also shared the same view that: District 1 Center is not only a bargain, but the real estate profit rate in District 1 is also high. In the segment of luxury apartments are worth the rent from the rental of 3-6% per year, especially the most popular is 4-5% per year. Top 5 groups of tenants have plentiful budgets from Japan, USA, UK, Singapore, and Germany.
Some forecasts suggest that this performance may increase to 8-12% per year in the coming period as the effects of trade agreements materialize. J.M (Taiwan) – a Wholesale investor in District 1 revealed that: “I have just collected a lot of apartments, Office-tel in the center of Ho Chi Minh City. Buy 5 new products with a product in Singapore, the demand for rent is very large, commercial efficiency as the transfer, rent calculation also see more! “.
So, it can be said, compared with the general real estate prices of other countries in the ASEAN region, District 1 Center. Ho Chi Minh has great potential in competing for real estate prices.
Revenues from District 1 real estate amount to more than $ 1 billion per year.
The Madison complex, which harbors steady profits:
Given the fact the land for commercial residential projects extremely finite in the central core area of District 1, the complex at 15 Madison-Thi Sach-District 1 could not help but fall into the sights of investors Private at home and abroad. A broker perennial stated that: “While these forms of investment such as gold, stock up and down swollen, and my customers are aggressive” haven “capital into real estate centers because neither depreciate and exploit regular profits. Guests appreciate Madison because of the convergence of factors that ensure sustainable added value such as central core location, urban infrastructure, and utility services are available, and more are subject to payment policies very open! “
In addition, you can refer to the list of apartments sold in District 1, here: Selling apartment in District 1 Ho chi Minh
Madison is located in the front corner of Thi Sach and Cao Ba Quat streets, in the “gold core” of the administrative and economic center of Ho Chi Minh City. Madison surrounded by buildings icons such as the City Theater, pedestrian street, Nguyen Hue and the commercial centers – offices – hotels – premium services superlative Saigon as Park Hyatt, Caravelle.
Though located in the heart of the city, Thi Sach street is a quiet road and many green trees, so the project perfectly meets the demand for real estate and living needs of the group of high-end customers, successful businessmen. Moreover, the project has the number of just over 100 apartments and 70 office-tel offices, ensuring the individuality and scarcity for the owner.
District 1 attracts many domestic and foreign investors with many high-end projects.
District 1 is one of the big districts in Ho Chi Minh. With its geographic advantage, the district is located in the center of Saigon City, a high area, opposite District 4 on the northern edge of Saigon South. The natural boundary consists of the Saigon River which intercepted it with District 2 and Thi Nghe canal, preventing it from Binh Thanh District and Ben Nghe Canal preventing it from District 4. The two administrative divisions block District 1 and District 3 are Hai Ba Trung and Nguyen Thi Minh Khai street, District 1 District 5 are Nguyen Van Cu.
District 1 is located in the middle of the city center and is close to the tourist sites, thus attracting many investors and forming many high-level projects. There may be some big projects such as the high-end VinHomes Dong Khoi project; The One Saigon Project, VinHomes Ba Son project…
District 1 is a busy area
District 1 is considered to be the busiest with the highest levels of social activity. Dong Khoi Street and Nguyen Hue Walking Street are two commercial walking streets. This area is considered as the heart of the city, the construction of the project there will be a must.
District 1 is also a place where there are many commercial centers, many large roads and many people live as well as many visitors regularly stop and live. This is one of the issues that investors pay special attention to.
In general, District 1 is an area in the center of Ho Chí Minh City, has a favorable geographic position, beautiful grounds and attracts many domestic and foreign investors. Not only that, District 1 also has potential in terms of competitive real estate prices in the region and other countries in the ASEAN region bring economic benefits.
With the bright spots that District 1 brings you ready to invest in the real estate market here!
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