The Park Residence is a modern condominium project aimed at Singaporean living space of Phu Hoang Anh. Located at the top of the projects worth living in South Saigon in 2017, the apartment has many advantages attracting the attention of investors.
The Park Residence also owns competitive rents in the area (only VND 6 million/month), many people are still wondering whether to rent The Park Residence?
Should you rent The Park Residence?
Similar to buying a home, renting is also one of the major challenges for most households. Choosing a good apartment, the right price is not easy for new tenants. In order to select a good rental property, you need to know the full details of the project and get an overview of the rental market in the surrounding area.
It can be seen, The Park Residence is one of the strategic products of Phu Hoang Anh. The project is considered an affordable option for young families in 2017 for the following reasons:
The first, The Park Residence owns a prime location on Nguyen Huu Tho Street – the development of Saigon South. In times of crowded, choosing to settle in neighborhoods in the center of the city such as the East and Saigon South are one of the cost effective ways to save on living.
Living at The Park Residence, residents only take about:
- 3 minutes to Nguyen Van Linh, SC Vivo City
- From 5 -10 minutes to move to Ben Thanh (District 1) and Phu My Hung (District 7).
- 8 minutes to Crescent Mall, Parkson Paragon
According to the planning project in the future, Ho Chi Minh City will focus on building the urban expansion in the East, South, Cu Chi North West to promote infrastructure development, regional links. In particular, the city is focusing on building the South, accompanied by the policy of displacement of houses along the canals and delays for satellite towns. This will be a great opportunity for the real estate market in the coming time. In the south, the city clearly identifies the development corridor as Nguyen Huu Tho, with special hydrological conditions, many rivers and canals, and the development of urban land funds and the development of technical infrastructure conditions.
You can read more information: The Park Residence Location And Potential Development For Future
The Park Residence owns potential land right at the axis of Nguyen Huu Tho. This is a concentrated route for many entertainment services – entertainment – food – education – health, serving the needs of residents welfare. Modern and synchronous planning of Phu My Hung urban area, connecting to District 1 financial center quickly, potential to develop strongly in the future.
The second, The Park Residence is quite competitive on Nguyen Huu Tho Street. The rents in this area range from about $ 12 million per month for two bedroom apartments. Although The Park Residence is located in the high-end apartment segment, it is well-invested in infrastructure, local amenities and green landscapes. However, the rent ranges from 6 million VND / month. This means that, just by owning middle income, young couples can easily rent apartments here without financial pressure.
The third, The Park Residence’s profit margins are slightly higher than those of its associated projects; buying the Park Residence and leasing it is also considered an attractive investment channel. For example, if you invest in a 2 bedroom apartment with an estimated rent of $ 10 million a month, your profit margin may fluctuate around 7.1%, which is higher than Dragon Hill (6%) and Hung Phat Silver Star (6.8%), …
The Fourth, The Park Residence is located on a well-kept plot of land with a large green area, from The Park Residence, which offers panoramic views of Nha Be river and swimming pool. 5,000sqm of cloud, the far side is the river of Binh Khanh port and the river of Hiep Phuoc port.
An impressive point and can not be missed when coming to the project The Park Residence is a complete and modern internal utility system. Residents do not have to move anywhere but only a few steps to be able to use free services here such as cloud pool 4 times the size of Olympic standard swimming pool, gym room, community living area, Cottage garden area, children’s play area, Club-house 360 degree view pool …
The fifth, the apartment at The Park Residence is designed with a small size is reasonable, very suitable for rent, while saving costs and meet the needs of most residents of Vietnam. In addition, apartments with a small area of 52-84sqm are often easy to transfer when the owner needs to recover capital.
The sixth, Can the Park Residence be ranked on the top Metro projects? The apartment is located on Nguyen Huu Tho street, in the future this will be the place where the metro line passes, certainly the price potential will increase significantly. Representatives from CBRE said that a building located near a public transit station usually has higher rents or selling prices than those located further away because good public transport allows residents to live nearby. Easily move to important points. This has been proven in some countries at prices that are higher than 6% to 45% higher than public transport systems.
Vietnam Real Estate is currently being assisted by the Consultant for Project Assignment – Anpha Holdings selected as the Official Trading Floor for the transfer and lease of The Park Residence.
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