The real estate market has great potential for international visitors
Possessing a strategic position in the center of Southeast Asia, Vietnam is not only a point of trade and supply chain connection, but also has full advantages to become an investment and settlement for the global upper class.
"Vietnam is converging many factors to attract the super-rich, from its strategic location in Southeast Asia, rapid economic growth, attractive natural landscapes to a significantly improved living environment," said Mr. Matthew Powell, Director of Savills Hanoi.
According to experts, legal regulations have opened up opportunities for the international community to seek a "second home" in Vietnam. The Housing Law and the Real Estate Business Law allow foreigners to own a house for a maximum of 50 years from the date of issuance of the certificate and can be extended once more to 50 years, equivalent to almost lifelong ownership. These new regulations have helped foreigners feel secure in their "real" name.
Although there are laws to open the way, the number of projects licensed for sale to foreigners is still limited while demand is increasing. The especially scarce situation occurs in the West of Hanoi - an area where most of the community of experts and foreign workers work in high-tech parks, FDI enterprises, and diplomatic agencies.
In that context, Vinhomes Wonder City is a rare project in the West licensed to take the lead in the need to own a house of foreigners according to the new regulations. According to the document of the Hanoi Department of Construction, the project will have a maximum of 250 low-rise apartments allowed to be sold to foreign organizations and individuals.
As soon as we learned the information, my wife and I went to survey to choose an apartment and sign a sales contract, said Mr. Wang Wei-cheng, a Taiwanese (Chinese) who has worked in Hanoi for 5 years.
Vinhomes Wonder City - a "tailor-made" metropolis for international citizens
Vinhomes Wonder City is positioned as "City of trendy experiences" - a place that fully meets international standards in planning, utilities, security and operation.
On a total area of 133.4 hectares, the project is dedicated to 24.9 hectares for trees and water surfaces - a rare number for real estate projects on the market. Notable is the 19-hectare inter- parked complex, providing comprehensive physical and mental care, meeting the needs of residents of all ages, including: Wellness Park, Adventure Park, Athletic Park and BBQ Park.
Vinhomes Wonder City also made its mark with a series of 99 high-end amenities "snecked" for the international community such as a golf course of nearly 5,000 m2, nearly 50 multi-purpose sports fields, a swimming pool complex of up to 7,000 m2, an 18-ha event square and a resort-standard Wellness Center. Along with that is the high-class "all-in-one" model: Vinschool school, Vincom shopping mall with Vinhomes 5-star management and operation services.
In particular, Vinhomes Wonder City also creates closed residential standards with a multi-layered security system, 24/7 patrol force and a network of smart cameras covering the entire area, equivalent to super-luxury isolated areas such as One Hyde Park ( London) or Beverly Park ( Los Angeles).
Another important point that makes Vinhomes Wonder City an ideal destination is the modern, multi-connected transport infrastructure system. In particular, the Tay Thang Long arterial road is being constructed ahead of schedule, expected to finish 6 months ahead of schedule. Along with that is the Ring Road 3.5, the Ring Road 4 parallel road is expected to be completed within the year; metro No. 4 has a station in the project area, which is already in the planning. When the infrastructure is completed, Vinhomes Wonder City residents will only take 15 minutes to Tay Ho district, 20 minutes to Noi Bai airport, moving very conveniently.
The perfect combination of an international standard living environment, a classy ecosystem and modern connecting infrastructure has turned Vinhomes Wonder City into an ideal "second home" choice for the international luxury world, while opening up outstanding rental potential and sustainable growth value for sensitive investors.
