Press Release – For immediate release
Golden Emperor is pleased to announce the partnership with Malaysia-listed developer, Gamuda Land to launch Dahlia Homes in Hong Kong. The property is nestled in Hanoi’s most prestigious district of Hoang Mai and is located within Hanoi’s first city-within-a-city development, comparable to Hong Kong’s Taikoo Shing. With a range of lifestyle amenities and convenient transportation once the city’s MRT undergoes operation, Dahlia Homes will be easily linked to the traditional CBD beside Nam Tu Liem. Perfect for family living and starting at HKD 3.9M, this residence will be sought after by the wealthy and professional expats of the city.
Hanoi’s strong economic growth outruns its competitors globally
Hanoi’s financial exposure has appeared internationally with its rapid economic development. Jones Lang LaSalle (JLL)’s 2018 City Momentum Index (CMI) ranked Hanoi as one of the top 10 fastest growing cities in the world consecutively for 2 years, increasing by 2 slots this year to 6th place. Hanoi’s GDP excels nationally, at a growth rate of 7.17% in September this year compared to its 6.87% same time last year. The city’s FDI has attracted over 6.26 billion USD this year, increasing by 5.4% from last year. FDI is a powerhouse towards Hanoi’s rapid economic development and as the city propels, this year’s economic growth is expected to fall between 7.3% to 7.8%.
New development, new outlook
Hanoi has welcomed a number of transport and infrastructure initiatives including the Noi Bai International Airport expansion by 2020, the development of 8 linked MRT and high-speed railways lines, all to improve the connectivity of the country. Hanoi’s latest CBD expansion to Nam Tu Liem, the new financial spotlight in the city. Keangnam Hanoi Landmark Tower has become the latest entertainment intervention of Hanoi along with office space and accommodation by InterContinental Hanoi Landmark 72 to attract international companies and corporates. The area is a vibrant addition to the city and pose as a new tourist attraction.
Growing wealth to induce demand for housing
Following the strong economic improvement in Vietnam, the median class population has increased. Wealth-X, a global wealth intelligence and market research based in USA reports in 2018 that infrastructure is a major factor in a city’s developmental growth. Vietnam’s wealthy population has the fastest growth in the world. According to Boston Consulting Group, Vietnam’s middle-class population has grown from 1.6 million in 2014 to 4.4 million in 2020. Nielsen, a marketing company, expects the population to reach 9.5 million by 2030.
Golden Emperor Properties Managing Director, Mr. Terence Chan expects that as Vietnam’s middle class and the wealth population increase, consumers will increase. Recent surveys have reflected this trend, as many have increased expectations in lifestyle and accommodation. Dahlia Homes, is one the many developments that also reflect this growing trend. The city-within-a-city concept similar to Hong Kong’s Taikoo Shing with lifestyle amenities provided in the area. More to note, Taikoo Shing’s property prices have increased by 10 times since a decade ago.
“Landed properties like Dahlia Homes is highly demanded between the wealthy group, with a limited supply and limited foreign quota for both local and overseas investors. With such a reason, landed properties have a large room for investment growth,” says Mr. Terence Chan.
Dahlia Homes locates in the city’s first city-within-a-city development
Dahlia Homes, in the center of Hoang Mai District, is the first phase of residence offered in Gamuda Land’s first city-within-a-city concept in Hanoi. Its amenities include the Singapore International School, a swimming pool, gym center, spa center, children’s playground, tennis courts, garden space and restaurants. The district is largely convenient for its residents. Within 10 to 15 minutes’ drive, residents will be able reach Rice City or Yen So Lake to get close to nature.
Neightbouring the city’s Thrid Ring Road, the location is provided convenient access to the city’s commercial districts and both the new and traditional CBD. As the MRT is in full operation, the transportation network will be upgraded to provide quick access to different districts. The residence is expected to attract a number of professionals and expats residing in the city.
Dahlia Homes, a luxury onset of landed properties will provide 4-bedroom units ranging from 2492 to 2496 square feet. The prestigious homes is expected for completion in December 2020, with a starting price of HKD 3.9M and a gross rental yield at 6% per annum. Limited foreign quota is available!
About Gamuda Land
Established in 1995, Gamuda Land is a stock exchange listed corporation based in Malaysia. Its market value, in 2017, is estimated to be $13 billion ringgits ($3.3 billion USD). The corporation’s wide spectrum of business scope includes construction on MRT infrastructure, freeways, airport runways, railways, tunnels, sewage plants, and reservoirs and dams. Gamuda Land specializes in developing integrated townships. In 2017, Gamuda Land won ‘Best Universal Design Development’ and ‘Best Mid End Condo (Hanoi)’ at the Vietnam Property Awards with its township development, Gamuda Gardens of Hanoi. Furthermore, many prominent projects in Malaysia are constructed by Gamuda Land. The corporation leads in architectural technology and infrastructure building worldwide. www.gamudaland.com.
About Golden Emperor Properties Ltd.
Golden Emperor Properties (HK) Limited is a Hong Kong-based property agency company that offers property investments worldwide to clients in Hong Kong and internationally. Since the establishment of the company, it has accomplished close partnerships with developers from England, Australia, Thailand, Vietnam, Malaysia, Japan and Europe. The company has a team of dedicated sales representatives to provide consultation and services on relevant enquiries for investors, including tax information, buy and sell procedures, payment schedules and etc. www.goldenemperor.com
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Golden Emperor Properties
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