Unbeatable opportunity at world-class luxury destination
Unbeatable opportunity at world-class luxury destination
With committed returns of 8-10 per cent per year on total contract value, coastal property in Vietnam’s central tourism hub is attracting an increasing number of foreign investors.
High-end apartments in Vietnam have been continuously shown to have the upper hand in development potential, primarily due to their competitive pricing compared to neighbouring markets.
Recently, Danang has been showing a sharp increase in tourism, as per recorded by the Danang Department of Culture, Sports and Tourism. 3.2 million people visited Danang in June 2017, 1.2 million of whom were foreigners. The two figures saw a growth of 33.2 and 72.2 per cent, respectively, on-year. The rising tourism numbers are one of the many incentives promoting the strong growth of the real estate market of Danang.
Property investors prefer a strong and diversified investment portfolio, and with the Law on Housing modified and adopted in July 2015 (allowing foreigners to own more than one apartment in Vietnam) Danang is offering investors very competitive opportunities.
Many foreign investors have their eyes set on buildings for rent that offer around 8-10 per cent committed return on investment. To achieve profit maximisation, projects need to get the following key factors right: prime location, excellent design, and credibility of the developer.
Luxury Apartment, a five-star apartment project at My Khe Beach Danang, exhibits high-class quality in its design, materials used, and amenities on offer. All rooms at Luxury Apartment are fully furnished and offer stunning views on My Khe Beach, Son Tra Mountain, and the city’s central business district (CBD). The developer’s eye for detail is the reason why even the most hard-to-please Japanese investors are praising Luxury Apartment’s attention to the smallest details.
Another strong incentive for investors is the highly-credited developer of Luxury Apartment, Alphanam. This company is one of Vietnam’s leading private companies, with more than 20 years of experience in construction and electro mechanics, various fields of manufacturing, and real estate investment.
Alongside its experience, Alphanam partners with Marriott, the world’s largest hospitality company. Together they are developing several projects across Vietnam, staying true to their reputation as a Vietnamese company offering international quality standards. An ever-increasing number of foreign and domestic investors hold a profound belief in the quality and the progress of projects, as seen in the limited units left for sale.
Luxury Apartment is one of the few projects in Danang that has completed the legal procedures in accordance with the regulations of the Danang Department of Construction, and as such is able to offer access to Vietnam’s red books, ensuring the benefits of investing in Vietnam’s property market for foreign homebuyers.
With the first hand-overs being made on July 4, 2017, Luxury Apartment is the only five-star apartment building that can serve tourists and politicians arriving for the APEC Summit this November. To benefit from this, Alphanam has decided to offer people access to their apartments as soon as payments are made.
With the apartments being handed-over fully furnished, with high-quality furniture and interior finishes, as well as a full suite of modern electronic appliances, Luxury Apartment is offering an appealing and very competitive return on investment.
Should you wish to invest in Luxury Apartment and choose to sign up for the Rental Pool Programme, July is the last month Luxury Apartment offers investors a 45 per cent guaranteed return on investment on the total contract value (paid out twice a year over a five year period).
Investors also receive five years’ service and 10 nights per year free of charge. Should investors choose to purchase after July, the guaranteed option ends and investors will receive 85 per cent of the rental profits.
Boasting all key indicators of a world-class project, Luxury Apartment is attracting not only tourists, but also investors from around the world. Should you wish to find out more information, please have a look at the information box below.
