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Who should buy Officetel apartment project Diamond Island?

Diamond Island project

Investor Kusto Home is preparing to open the Canary Tower (officetel) of the Diamond Island Project. So, what customers should buy Canary Tower apartments?

Customers should buy apartments officetel Diamond Island

The office apartment segment (also known as Officetel apartment) is emerging as a new investment channel, receiving much attention in recent years in the real estate market in Vietnam in general and Ho Chi Minh City in particular.

Officetel is an apartment model designed for use with office functions. This product line is usually small and medium (40 – 70sqm), the price is lower than the traditional apartment. The area of ​​the officetel attracts small-scale enterprises, especially start-ups, as well as foreign businessmen who want to open a company in Vietnam with the need to stay there.

Diamond Island apartment
Officetel apartments are usually small, suitable for small and medium enterprises

In fact, this trend influences the traditional source of demand for office space. The limitation of officetel is that space is limited and has to be shared, optimized with workspace. These apartments are suitable for single clients, small families, small companies. When the area of ​​the apartment is not enough to meet the demand for space, the apartment owner can still consider the sale or sublease.

The highlight of the servetel apartment is the convenience, economy, suitable with the new development trend of the market, creating conditions for people to maximize productivity, reduce time and investment costs. , high efficiency in work.

Officetel is oriented to develop synchronously and professionally, providing office facilities in accordance with standards such as entrance, reception hall, company table area, elevator system for office guests, telecommunication system … This model ensures safety and professional with security control system, security card and professional building management system.

Diamond Island apartment
Diamond Island Project owns large green area

Small and medium enterprises, start-up companies are one of the subjects should invest in officetel. For investors, the form of officetel is supposed to bring better returns than the development of traditional leasing offices, helping to streamline cash flow. As a result, many domestic investors have developed their office in apartment projects such as Kusto Home (Diamond Island), Thao Dien Investment (Masteri Millennium), Novaland (RiverGate, The Tresor, Lexington Residence, Orchard Garden), Sacomreal (Charmington La Pointe), Hung Thinh (Florita) …

According to Realestatevietnam analysis, with the expected average selling price of VND55 million / sqm, Officetel apartment project Kim Cuong Island will be priced from VND2.5 billion / unit for 1bedroom area of ​​about 50sqm; price of VND3.5 billion per unit for 2 bedrooms area of ​​about 65sqm. In this price range, there will be 3 suitable customers to select the Officetel line of Diamond Island project including:

  1. Small and medium enterprises, start-up companies with less than 10 employees need to save time and costs.
  2. Customers have free money, want to invest for profit instead of saving. With a profit of about 8% – 10% per annum on the total value of the apartment, this is a really attractive investment channel.
  3. Foreign specialists work in Vietnam permanently because of the location of the multi-purpose projects in the CBD / CBD area, close to the office buildings, large commercial center, convenient for travel, work.

Currently, most of officetel projects have about 40% of customers are companies that need to open representative offices, 10-15% of buyers have real needs, while the remaining customers are buyers to invest in sublease. However, the biggest challenge for investors of the type of officetel is the problem of the legal framework.

Investors should consider clearly identifying the demand for this segment, the secondary market trend (resale or lease) as well as the lease / leaseback policy from the investor. A clear legal framework will help to identify the customer as well as the opportunities for the investor, which will make the model more attractive to buyers.

Information about Canary Tower – Apartment project Diamond District 2

Canary is the only tower of Phase 2 of the Diamond Island project located at the corner (similar to the Brilliant Phase 1 of the project). On the other hand, if you look at the overall project, Diamond Island will be divided into two clusters: one cluster is the Canary Tower standing apart from the other, including five towers: Hawaii, Bora Bora, Bahamas, Maldives, Brilliant. So, with such a unique location, it is easy to see the Canary Tower with unobstructed, unobstructed views ensuring the absolute privacy of the apartment itself.

Canary Tower is located separately from the remaining towers should own airy view, not shielded view
Canary Tower is located separately from the remaining towers should own airy view, not shielded view

Besides, from the location of the Canary Tower, we can see the view from the beautiful Canary apartment:

  • Looking toward Saigon River, Phu My Bridge toward the South East.
  • Looking out to the interior of the resort pool 2300 sqm, Olympic pool, Pool Bar, Jacuzzi, astronomical castles, sailors, Water Park to the south.
  • Looking to Giong Ong To River, marina, waterbay project of Novaland, District 1, Bitexco to the northwest.
  • Looking at the Gio Ong To River junction, Novaland’s Sun Avenue Project, Long Thanh Highway toward the North East.

Technical specifications and surface of the Canary Tower – Diamond Island Project:

  • 21 storey tower.
  • Type of apartment: Officetel (apartment office apartment) – 50 years ownership and can extend to individual customers are Vietnamese.
  • Number of apartments: about 222 apartments. There are 90 apartments, 90 apartments, 2 apartments with 105 units, 3 apartments with 20 units, Garden Villas with 7 apartments.
  • One floor has 9 apartments: 3 units (one bedroom); 3 units (2 bedrooms); 3 apartments (3 bedrooms)
  • 1 bedroom (45 – 54sqm), 2 bedrooms (65 – 104sqm), 3 Bedrooms (117 – 135sqm), Garden Villa (87 – 135sqm).
  • Complete delivery by Ascott standards.
  • Estimated price: VND 55 million / sqn (VAT not included and handed over without kitchen and air conditioning system).
  • Proposed delivery: Quarter 4/2018.
  • Progress: Coming soon, can be purchased immediately.
  • Expected payment: 50% of the house.
  • Expected sale time: End of September, 2018.

The prominent facilities of the Canary Tower:

Full facilities with 42 advanced facilities have been completed and put into use to serve residents, some outstanding features such as:

  • Pool bar.
  • Jacuzzi.
  • Zen Garden.
  • Lazy river.
  • Outdoor library.
  • Outdoor Club (helping residents enjoy the scenery and fresh air)

You are reading the article Who should buy Officetel apartment project Diamond Island? in the Real Estate category at https://realestatevietnam.com.vn/.Any information sharing, feedback please email to info@realestatevietnam.com.vn, Hotline 0909890897 (24/7).

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Who should buy Officetel apartment project Diamond Island?
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