Invest in apartments for rent in Bien Hoa: Spend once, leisurely collecting billions?

Being the largest industrial city in the Southeast, Bien Hoa and surrounding areas is currently the workplace of more than 25,000 foreign experts. In order to meet the housing needs of these experts, Bien Hoa needs to develop 10,000 apartments in the next 10 years.

Investing in apartments for rent in Bien Hoa - Breathing lightly also makes money

Great demand, but currently in Bien Hoa area, there are only about 400 mid-range units of projects such as Amber Court, Thanh Binh and Pegasus. .. meet about 1.5% of the accommodation for foreigners who need to rent. The remaining 99% of experts had to accept to move tens of kilometers to rent houses in Saigon.

The huge demand but the scarce supply makes serviced apartments in Bien Hoa always maintain the ideal profit margin: 9% -12% / year.

Ms. Thanh, who owns 2 apartments at Berjaya's Amber Court project, said: “Three years ago, it cost only VND 2 billion to buy 2 apartments at Amber Court. In September 2015, she had just received the house, but two months before, several brokers asked to rent two of her apartments for a long-term lease to foreigners for a price of 12 million VND / month / unit. Foreigners are usually ready to pay a 3-month deposit and pay 6 months in advance of the rent. With the above rent price, she can earn about 130-140 million / year for each apartment, equivalent to the interest rate of over 11% / year.

She also said: "My tenants are foreigners very clean, high income, willing to sign long-term contracts and pay fairly, so the rental of her home is very easy."

Ms. Hoang Anh, owner of a spa salon in Bien Hoa, said: “3 years ago, on the advice of my friends, I poured 2 billion 5 into a 60 m² luxury apartment in Binh Thanh looking for money to surf. However, the goods could not work out so she had to rent apartments. When she received the house, it took 2 months to find a tenant for 13 million / month. If she goes well, she can still make a profit of 5% -6% / year. However, after only 4 months, her guest had to pay the house before the deadline, so she struggled to find new customers. In the past 2 years, I've struggled to find new customers 3 times and left it empty for 4 months ”

Too bored because the money earned is not much, have to work hard to find customers, demanding money every month. So last June, she accepted to sell a loss of 300 million and brought money to invest 2 apartments of 1 billion 3 / unit at Pegasus project. After retouching 2 apartments, immediately a broker came in to introduce foreign guests to rent for her with a 2-year long-term contract. With the rental of 12 million / unit / month, she earns 24 million per month. More importantly, she did not have to worry about seeking customers or leaving the house as degraded as her old apartment.

As a lucrative piece of cake, recently a series of real estate giants have jumped into the market to rent for this expert.A series of real estate giants pour money into this fertile land

According to the survey, the last month of 2017, a leading Malaysian real estate group will introduce the Topaz Twins serviced apartment project to foreign experts.

This Topaz Twins has more than 700 international standard apartments, and 5-star utilities first appeared in Bien Hoa.

This is a component project of Bien Hoa City Square complex, owning the most favorable position of the D2D million-dollar villa area - where was dubbed the "Phu My Hung" of Bien Hoa. According to the survey at the present time, the price of land in the D2D area is fluctuating at 60-90 million / m², close to the price of land in Thu Thiem.

Topaz Twins owns green space and smart design with environmentally friendly, healthy benefits. In particular, this project is a convergence of high-end facilities that meet the international living standards of foreign experts such as: The upper garden complex of 4 landscape gardens and continuous springs in the heart of the project. projects, swimming pool, aqua-gym, business center, sauna, smile garden for children, and other amenities. It is expected that when completing Topaz Twins, it will become one of the projects with high number of foreign visitors in Bien Hoa.

As the first 5-star serviced apartment project in Bien Hoa, Topaz Twins' price is also among the highest in the region. The project cost about 1,000 USD / m². Calculated to own about 2-bedroom apartment in the project the customer will have to spend about 1 billion 3 to 1 billion 5/2-bedroom apartment. If the minimum rental price of 10 - 12 million / month of mid-class apartments in the region is calculated, one year Topaz Twins investor can earn the minimum rental profit rate at around 10 years.
After Topaz Twins, at the end of December, a Japanese business joint venture with a Vietnamese real estate company will also pour VND 872 billion into a serviced apartment and commercial center project with more than 400 products at the center. Bien Hoa has an average price of 1.5 billion / unit.

Foreign real estate enterprises are rushing to pour money into Bien Hoa real estate market with a series of big projects. However, according to TS. Tran Nguyen Minh Hai - an expert at the Banking University, this supply is still just as broken salt compared to the huge demand for high-class housing of foreign experts here.

C. Minh