Attractive from the rental apartment segment: Investors flock to Hanoi | Market | Finance

Trend of investing in apartments for rent in big cities

According to Avison Young, the Hanoi serviced apartment market has always maintained a positive state in terms of rental prices and absorption rates. In the third quarter, the average monthly rental price reached nearly 32 USD (about 810,000 VND) per square meter for class A and nearly 16 USD (about more than 400,000 VND) per square meter for class B, unchanged from the previous quarter.

With the above rental price, the lowest rental price per unit is from 16.3 million VND per month at the Oriental Palace project (Tay Ho district).

The highest rental price is up to 7,550 USD (about 190 million VND) per unit, belonging to the Lotte Center project, Ba Dinh district. This is an apartment with an area of ​​up to 280 m2, 4 bedrooms. In addition, a project on Phan Chu Trinh street, Hoan Kiem district also recorded a rental price of up to 150 million VND per month.

Investing in rental apartments is becoming a trend in big cities today, especially in the context of Vietnam being in the "golden population" period. According to the General Statistics Office in 2023, Gen Y and Gen Z (collectively known as Millennial - Z) generations account for 47% of Vietnam's population.

Born and raised in an era of rapid technological development, this generation values ​​a modern living environment with full amenities to improve the quality of life. That is also the reason why the trend of renting hotel-standard apartments is constantly increasing, especially in big cities where the population is increasingly dense.

This reality has opened up an extremely attractive investment opportunity with the luxury apartment rental model. Evaluating this trend, experts say that renting out houses brings profits equivalent to savings. This investment channel can bring investors a steady monthly income like savings, while also benefiting from the fact that real estate prices are increasingly "anchored" each year.

A golden suggestion when deciding to invest in serviced apartments for rent is to choose projects located in the center of big cities such as Hanoi and Ho Chi Minh City because these areas always have a stable source of demand.

The "plus point" of these areas is that they fully converge medical,educational , cultural and social facilities, and entertainment services to meet the needs of living, resting and relaxing of the people.

In recent years, FDI capital flowing into Vietnam has been quite large when many trade agreements with major countries were signed, especially in big cities.

For example, in 2024, Hanoi strives to attract about 3.15 billion USD of FDI capital; of which, projects using land will be about 2.15 billion USD, and commercial and service projects will be about 1 billion USD. In 2025, the city will continue to attract about 2.7 billion USD of FDI capital.

The above figures mean that the wave of investment and construction of industrial parks and factories by large corporations and enterprises in the world will continue to expand in Vietnam. The large number of foreign experts "landing" in Vietnam to work and live is expected to increase the demand for housing and rental.

Rare hotel apartment project in the central area of ​​Dong Da District The Ninety Complex – 90 Duong Lang

According to statistics, although the rental price is 30% higher than that of normal apartments, serviced apartments in Hanoi always maintain an occupancy rate of over 80% thanks to advantages in location, amenities, flexible rental terms as well as many incentive programs.

"Eat sure, profit forever"

According to CBRE, in the first 9 months of 2024, the total supply of newly opened apartments in Hanoi reached more than 19,000 units, exceeding the total supply for the whole year of 2023. This is the largest new total supply recorded in Hanoi in the past 5 years.

However, the main development projects are in the metropolitan areas in the West and East of the city; concentrated in Nam Tu Liem, Tay Ho, Gia Lam districts and Van Giang district (Hung Yen province bordering Hanoi).

According to experts, whether buying for living or investment, projects with beautiful locations in inner-city districts and modern, synchronous utilities are always a guarantee to increase the value of real estate.

For example, at The Ninety Complex, the project is attracting attention in the rental real estate market right in the center of Dong Da district.

With the advantage of “one step to the street”, The Ninety Complex creates a seamless connection with the energetic community in the most dynamic area of ​​the Capital.

Notably, The Ninety Complex was created from the passion of developer ROX Living and operated by international brand CBRE. This contributes to bringing a classy living space according to international standards to residents.

Because the design of each “sky mansion” plays an important role in making the difference of the project, especially for customers investing for rent. Projects with impressive designs always create a strong attraction for short-term tenants, especially foreign tourists.

Luxury apartment space at The Ninety Complex project

With 9 years of experience in real estate investment for homestay, Mr. Hong Duc (Hanoi) often chooses projects in central locations, near supermarkets, hospitals, schools, etc. with full amenities, ensuring security and privacy.

“Factors related to amenities, green and peaceful living space are also important factors for tenants to decide to invest. Because when renting a house, foreigners are very interested in this factor. In my opinion, investing in serviced apartments for rent in Dong Da area at the present time is reasonable,” said a customer of The Ninety Complex.

Not only bringing profits to investors thanks to impressive rental potential, The Ninety Complex is also an asset with the potential for long-term profitability in the future. Located at a golden coordinate with the central location of 90 Lang Road, the intersection of a modern multi-level traffic system, giving the project unique values ​​and a guarantee for outstanding price increase potential.

Source: https://diaoc.nld.com.vn/hap-dan-tu-phan-khuc-can-ho-cho-thue-nha-dau-tu-don-ve-ha-noi-196241202092348204.htm