D’. Le Roi Soleil - Quang An stirred up Singaporean real estate market

Rudolf Hever, managing director of Alternaty Real Estate Vietnam, who has spent some eight years living in Vietnam and is also a member of the judging panel of the Vietnam Property Award, lauded Tan Hoang Minh Group, during the seminar, for choosing Singapore as their first stop to introduce their real estate projects. The group’s pick of destination was highly regarded as a sensible move in seeking for business opportunities and building their brand name in the international market.

Hever sharing investment opportunities in Vietnam’s real estate market

The company’s integrity among home-buyers and investors, according to Hever, could be boosted further, thanks to the impact of Vietnam’s participation in the ASEAN Economics Community (AEC) and the Trans-Pacific Partnership (TPP). Coupled with the government’s positive changes in loosening up the real estate ownership for foreigners, Vietnam will no doubt become the most attractive destination for foreign investors among other countries within the region, especially investors from Singapore.

According to CBRE Singapore, property price is one of the key features for Singaporean investors to swell up their demand for real estates in Vietnam. The price of a 300-square meter villa in Sentosa, Singapore, can go as high as $12.6-14 million, while a three-bedroom apartment could cost up between $500,000-840,000. Meanwhile, similar properties from local real estate companies do not cost as high as those in Singapore. D’. Le Roi Soleil apartments from Tan Hoang Minh Group, for instance, are priced roughly VND90 million ($4,128) for a sqm, or approximately adding up to VND6 billion ($275,229) an apartment unit.

Attractive prices and enormous potential are factors which have prompted a rising number of investors from the Lion City to explore and decide to invest in the high-end real estate market in Vietnam. Reputable and prestigious projects in Vietnam, in particular, are what investors actually aim at.

A series of luxury properties situating on prime locations in Hanoi, such as the D’. Palaise de Louis, the D’. San Raffles, the D’. Le Pont D’or, and the D’. Le Roi Soleil, developed by Tan Hoang Minh Group, have received due attention from the Singaporean real estate businesses lately. D’. Le Roi Soleil, among all, is promised to be capable of generating an annual profit of up to 7.3 per cent from sub-lease investment in the apartment complex, and thus has attracted special interest of hundreds of investors at the seminar. 12 D’. Le Roi Soleil apartments eventually found their owners at the end of the event.

Singaporean investors paying special attention at D’. Le Roi Soleil

Last July, during the groundbreaking and launching ceremony of D’. Le Roi Soleil, Ocean Master (Singapore) chairman David Lee Fook Choy was one of the very first buyers signed up to purchase a penthouse apartment priced at VND28 billion ($1.28 million). Choy shared that D’. Le Roi Soleil is a well-located project, boasting three sides overlooking at the West Lake and another viewing the Red River. In addition, the neighboring environment is rather quiet and the complex is equipped with highly-developed facilities. He thus believed that his family and friends could enjoy a peaceful break when they arrive in Hanoi.

At the price of $3,200 a sqm, a home-buyer can only get an apartment in suburban areas in Singapore, such as in Choa Chu Kang or Sembawang neighborhoods. What’s more, in order to purchase a second property in the Lion City, home-buyers must pay a towering tax expense. These were the obvious reasons that urged Choy to obtain a property in Vietnam.

D’. Le Roi Soleil on corner of Xuan Dieu and Dang Thai Mai streets, in Hanoi

D’. Le Roi Soleil - Quang An is positioned on the Quang An peninsular, in West Lake, where most foreigners would choose to stay when they come to Hanoi. While there are other accommodation options elsewhere in Hanoi available for them, 30 per cent of foreigners in Hanoi, including company leaders, managers or diplomats, would still prefer Quang An peninsular as their first choice of place to stay, thanks to the West Lake’s unpolluted environment, convenient transportation and modern infrastructure.

Serviced apartments and villas in the area are, as such, always fully occupied, with rental prices for each property vary between VND40-120 million ($1,800-5,500) a month. D’. Le Roi Soleil, among other complexes in West Lake, gathers all the must-haves of a high-end luxurious apartment building, satisfying even the toughest requirements of both domestic and international customers, for either as a place to live or as a long-term investment.