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Why are skyscrapers so expensive?


Is it expensive to cut into pieces?

Chi Thanh Nga, leader of a real estate company in Ho Chi Minh City, through relationships and acquaintances, registered to buy a penthouse at the Aurora project of Phu My Hung (District 7, Ho Chi Minh City). but failed. This project has a total of 5 penthouse apartments with an area from 170 - 250 mXNUMX2 depending on the basis. Meanwhile, the average selling price per square meter of apartment in this project is about 100 million VND, equivalent to 17 - 24 billion VND/unit, not including the cost of furniture.

Why are skyscrapers so expensive? - Photo 1.

Living in penthouse apartments is said to be a way to show the "class" of the rich

What many investors like most about penthouses is that the security system is absolutely safe. When living here, investors will be able to use elevators, private entrances and inherit the modern, smart management and operation system of the luxury apartment building. This makes penthouses expensive, even more expensive than underground villas.

Mr. Doan NGOC, General Director of PropertyX Joint Stock Company

Answer Youth, a leader of Phu My Hung Company, said that the investor recently opened apartments for sale at the project and in just one day they were almost sold out. The investor "locks" the penthouse shopping cart and the apartments on the garden floor do not sell because they are rare goods. A year before that, this investor's Antonia project also sold penthouses for more than 20 billion VND/unit, raw houses. To live, the owner must invest tens of billions of dong...

But the price and scarcity of penthouses at the Aurora project are still quite "mediocre" compared to the Serenity Sky Villas apartment project (District 3, Ho Chi Minh City). This project has only 3 penthouses, each about 450 mXNUMX wide2 (excluding garden and swimming pool area), has private garden and swimming pool. Because of its prime location, scarcity and excellent service, each penthouse costs nearly 100 billion VND. 

Similarly, at Capitaland's Define project in Thu Duc City (HCMC), the penthouses here are much "hotter", when the whole project has two apartments, each about 500 mXNUMX wide.2 There is a swimming pool, garden, elevator and private entrance. Because of scarcity, the price of each penthouse is nearly 100 billion VND. According to Ms. Thuy Nguyen, a real estate broker in this area, as soon as the sale opened, two penthouses were ordered by customers.

Mr. Minh Trong, a broker of Masterise Group, said that at the Grand Marina Saigon project (District 1, Ho Chi Minh City) invested by this group, he introduced us to a penthouse with an area of ​​300 mXNUMX.2 costs about 18.000 USD/m2, or about 130 billion VND. Because this penthouse is located in District 1, it has a "million dollar" view overlooking the Saigon River and a luxurious, classy marina. In particular, the upper floor of the penthouse is also directly connected to the amenities on the 46th floor of the building including: swimming pool, gym...

The leader of a real estate group in Ho Chi Minh City said: In a project that his group invests in, they always reserve the top floors to build penthouses or duplex apartments with an area large enough to arrange many rooms. Bedrooms have a garden, swimming pool... Due to the large area, the price of this type of apartment is also very high. Therefore, investors must come up with unique and classy design ideas to target people with a lot of money and the upper class.

However, in some cases, penthouse residents also suffer many inconveniences, even "laughing to tears". Like the case of Ms. Thu Phuong living in Masteri Thao Dien apartment building (Thu Duc city). The house she bought was worth about 23 billion VND for raw delivery plus about 7 billion VND for interior finishing. However, after a while, trouble began when the penthouse was at the top of the building, so it "received" all the sun and rain. Many times her house was "flooded", water poured into the house and damaged all the furniture due to small and clogged drainage pipes.

“One time my family was away, rainwater flooded deep into the house, even overflowing into the hallway and down the elevator. Not only did I damage the furniture, I also had to pay to repair the elevator. I was so frustrated and inconvenient that I sold the penthouse to buy a comfortable townhouse," Ms. Phuong said.

Meanwhile, residents living in a luxury apartment building in District 3 (HCMC) were "sweating" because of the sky-high management fees of up to 69.500 VND/mXNUMX.2. With a penthouse area of ​​459 mXNUMX2, the management fee alone is up to nearly 32 million VND/month, not including parking fees, which also amount to tens of millions of VND.

Or residents living in penthouse apartments costing tens of billions of dong at the Millennium apartment project (District 4, Ho Chi Minh City) are frustrated with the chaotic situation because most of them are serviced apartments, people living in Busy entry even late at night.

In many cases, owners of expensive penthouses also have to share the same fate as renters when they also have to wait for the elevator and encounter many other troubles.

Expensive because of its own amenities

Mr. Quang Tung, a real estate investor in Thu Duc City, calculated that with the amount of about 100 billion VND to buy a penthouse, he could buy a 500 mXNUMX piece of land.2 Thanh My Loi area (Thu Duc City) to build a "villa". While many penthouses in apartments do not meet the standards and class of many developed countries, they are only high-rise apartments with larger areas than regular apartments.

On the contrary, Mr. Doan Ngoc, General Director of PropertyX Joint Stock Company, said that the reason penthouses are often more expensive than underground villas is because of the same location and area, aerial villas often have beautiful views and are limited in quantity. are "vip" goods, "limited" goods. In big cities today, penthouses are being built more and more with luxurious interior systems and full amenities.

“Penthouses are apartments located on the top floors of towers, with a more modern and luxurious design than conventional apartment types. In addition, by being located at the highest point of the building, the penthouse will avoid the influence of traffic dust and noise pollution. What many investors like most about penthouses is that the security system is absolutely safe. When living here, investors will be able to use elevators, private entrances and inherit the modern, smart management and operation system of the luxury apartment building. This makes the penthouse more expensive, even more expensive than the underground villa," Mr. Ngoc explained.

Deputy General Director of DKRA Group Tran Hieu also said that most penthouses are more expensive than underground villas, because they are built high up, so security and safety are much better than underground. Besides, penthouses are expensive because they are developed by large investors with good ideas, creating added value for projects and apartments. In a project, the number of penthouses is usually not many, scarce, and the service is "in-depth" so it shows the class and difference of the owner.

Nowadays, rich people instead of living in underground villas, they move to "high villas" because they are unique, rare, and classy goods. However, penthouses in affordable apartments have few buyers. Apartment prices are not increasing at the same rate as those on the ground, but rich people are now tired of living on the ground for many reasons compared to the isolation of penthouses. Meanwhile, the rich and super-rich consider consumption and utilities rather than investment, so they do not consider the increase in real estate prices much.

Real estate expert Tran Khanh Quang



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