Profit Potential of Luxury Apartments at Vinhomes Grand Park

For many years, real estate has been considered a sustainable and effective investment channel. In Vietnam, statistics show that with consistently high demand for buying and renting, apartment prices in Ho Chi Minh City have increased by 82% over 8 years. The average return on investment for apartments can reach 12.5% per year, combining price appreciation and rental income.

Research in Vietnam indicates a growing demand for luxury apartment ownership, a trend expected to continue as the country experiences strong economic development and a rapidly increasing middle class.

Profit Potential of Luxury Apartments at Vinhomes Grand Park - 1

Over the past 8 years, apartment prices in Ho Chi Minh City have risen by 82%, driven by consistently high demand for this type of housing.

Data released in October by the International Monetary Fund (IMF) reveals that Vietnam's GDP in 2023 is estimated to reach around USD 435 billion, placing it among the world's top 40 economies. The projected economic growth rate for Vietnam in 2023 is about 5%, higher than many countries in the region and the world (Thailand at 2.7%, Malaysia at 4%, Singapore at 1%).

As Vietnam shines as an economic bright spot in Asia, its citizens continue to lead globally in real wage growth this year and the next, with an increase of 3.6% per year. Wealth-X reports that the high-income population in Vietnam has grown by 13.9% per year from 2010-2019 and is expected to grow by 10.1% per year from 2018-2023, ranking among the top 4 countries with the highest growth rate of wealthy individuals in the world.

The rapid growth of the high-income class in Vietnam has led to significant shifts in real estate preferences. This group often seeks homes with absolute privacy, contemporary lifestyles, communities of similar status, premium amenities, and convenient transportation connections. These characteristics align with the features of luxury apartments in major urban areas. Therefore, the expansion of the affluent community is expected to directly boost the demand for buying and renting luxury apartments in large urban centers.

Multifaceted Investment in Prime Real Estate

In reality, luxury apartments in major urban areas, located between central business districts (CBDs), are widely accepted by the public due to their ability to meet the demands for classy living and excellent liquidity, ensuring consistently high selling and rental prices.

For example, in the eastern part of Ho Chi Minh City, Vinhomes Grand Park has attracted 56,000 residents over the past four years due to its modern living environment, diverse amenities, privacy assurance, and positive community engagement.

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Vinhomes Grand Park, a large-scale urban area, draws an elite community with high living standards.

With a vast area of up to 271 hectares, Vinhomes Grand Park has successfully developed an all-in-one ecosystem with a 36-hectare central park, Vincom shopping center, Vinmec international general hospital, a 45-story office tower recently inaugurated, Vinschool international school, and the Broadway commercial and culinary street. The ongoing enhancement of facilities at Vinhomes Grand Park is driving the demand to own or rent apartments to cater to residential, working, and educational needs.

Vinhomes Grand Park also stands out in the market with its leading trends in design, superior amenities, and a variety of apartment types, including studios, 1BR+1, 2BR, and 3BR. Modern amenities invested in both interiors and the surrounding community affirm the distinctive class of all apartment projects within the urban area.

With attractive intrinsic values and all the necessary conditions to enhance both rental and selling values, luxury apartments at Vinhomes Grand Park are evaluated as a multifaceted investment, providing sustainable profits for property owners.