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  • 繁中
  • Country Hong Kong

    5 Major Factors Hanoi Residence
    to Become Investor’s Favorite in Southeast Asia in 2018

    Press Release – Immediate Release

    Vietnam has recently excelled with its economic development. Its capital, Hanoi, has further outshine its neighbors in the ASEAN community and the Asia region. Acting as a central hub for business, trades and manufacturing, the city has prospered from a large inflow of multinational corporations. Hanoi’s manufacturing businesses have flourished since then. The government has forged large infrastructure investments to revamp the city’s economy, in which will attract foreign investments and brightens Hanoi’s future on becoming a global competitor and uphold a healthy property market. China’s ‘One Belt, One Road’ initiative, the city’s anticipated infrastructure construction, a rising economy and the perspective market value, are all pillars to stimulate Hanoi’s future market growth and economy.

    Extensive Infrastructure to Upgrade Hanoi’s Transportation Network

    Years earlier, the Vietnamese government established several infrastructure projects to improve Hanoi’s transportation network. The Noi Bai International Airport expansion, to be completed by 2020, will be able to manage an increased amount of cargo and connect the city with regions worldwide. Hanoi plans to eliminate and prohibit the use of motorcycles on the roads by 2025. The 8 subway and railway lines are undergoing construction in full swing. Once complete, the newly constructed transportation network can connect the different districts in the city and improve its road congestion issue. Residences built along the new railway lines will be benefited, making commuting in the city effortless. Such infrastructure, as a foundation to stimulate Hanoi’s economy, is predicted to upsurge property value.

    Unlimited Business Opportunities in Hanoi To Benefit from the ‘One Road One Initiative’ Policy & Smart City Development

    To prove its emergence as a global leader, the Vietnamese government has forged alliance with the world’s most powerful economies. All eyes are on its strategic alliance with China. China’s ‘One Belt, One Road’ initiative, immensely places Vietnam as a transportation core at both land and sea. The policy has brought in Chinese investments and the two nations’ next approach is to establish the ‘Two Corridors, One Economical Circle’ policy, to power forward and attract larger corporations from China to invest in Hanoi and aid local businesses to expand.

    Additionally, Vietnam has affiliated with other global economies including the European Union to develop a smart city. Its next scheme is to team up with Singapore to strategize green developments to glamorize Vietnam’s natural landscape. Vietnam will further align with Japan, Australia and Israel, to progress their negotiation in trades, tourism and innovation. Such will create an infinite loop of investment and job opportunities and allow the city to flourish under a soaring economy.

    Economic Analyses Highlight Hanoi’s Vibrant Prospect

    The government’s rigorous support has propelled Hanoi into a new realm of developments. Overseas investors have realized Hanoi’s vibrant prospect and continues to invest into different industries. In the first two months this year, the total Foreign Direct investment (FD) has already reached a sum of $109 million USD, suggesting a considerable influx of investments from overseas. Moreover, Hanoi’s recent development in manufacturing, property development, sales and services, and trades have accelerated, resulting in a high Gross Regional Domestic Product (GRDP) performance. Within the past 12 years, Hanoi’s economic growth defied the rest of the country. The government is confident in its economy in 2018, predicting its GRDP, capital investment and exports investment to grow to 7.3% and 10.5%, respectively. These forecast the strong growth in Hanoi’s economy, placing the city ahead in the country.

    Lagging Property Value Channels Room for Growth

    Properties in Hanoi, compared to other ASEAN capitals, including Kuala Lumpur and Bangkok, and its sister city, Ho Chi Minh, are still lagging behind. However, with Hanoi’s aggressive developments, the property market is picking up its momentum and is on the rise. Today, the pricing of high-quality residences in Hanoi, on average, sells at $1,300 to $1,500 HKD per square feet. With countless infrastructure projects being built and large amount of investments from foreign corporations, such will increase the middle-class concentration and thus, increase the demand for high-quality housing. With this reason along with a strong economic growth, the property market channels room to expand and inflate. Overseas investors have already invested into Hanoi’s property market as many predicts the continuing rise of Hanoi’s high-quality property and rental market.

    Nam Từ Liêm, the Newest CBD Hub is the Spotlight of Hanoi

    In the past, national finance institutions and banks have clustered at Hoàn Kiếm, the long-history CBD of Hanoi. As the city, however, undergoes development and transformation, the government reached the terms to relocate its CDB district to Từ Liêm. The goal is to gather overseas corporations and international firms to establish headquarters and offices there, constructing a new central business empire in the city. The district will not simply be a business hub, but to attract luxury retail and cuisine brands. Moreover, Hanoi’s newest landmark, the Keangnam Hanoi Landmark Tower, will house shopping boutiques, entertainment facilities, offices, conference venues, and a prestigious hotel and resort development: Intercontinental Hanoi at Landmark 72. The district, as the newest CBD, will exhibit class, innovation, and become a hot spot for future tourism.

    Hanoi city brims with numerous developmental projects and large residence projects. Zen Residence, developed by the stock exchange-listed architecture leader, Gamuda Land Vietnam LLC, nestles in the development of Gamuda City in Hanoi. Gamuda city is to become Hong Kong’s ‘Taikoo Shing.’ On a much more sizable scale, it will cater world-class residences and a ‘city within a city,’ which will lodge hotels, commercial space, retail shops, schools and entertainment facilities. Zen Residence, in the newest district of Từ Liêm, benefits from the upcoming array of a transportation network and Hanoi’s Third Ring Road, a freeway which will connect the entire city from east to west. The transportation network can bring its residents to the Bac Ninh manufacturing district, the traditional Hoàn Kiếm and the new CBD of Từ Liêm. Transportation convenience will mark up the value of this property and attract investors locally and internationally.

    This new spotlight property, Zen Residence consists of 3 condominium buildings, with an exclusive tower: The Carlton, which houses the most prestigious units in the property. Units range from 568 to 2,384 square feet (52.8 to 221.5 square meters), from 1-bedroom apartments to 4-bedroom single homes. Besides the meticulous design of the floor plan and living space, the property includes some high-quality amenities: a 5,500 square feet green space, a rooftop garden and an infinity pool, all of which will suit modern lifestyle requirements. Pricing for a unit starts from as low as $1M HKD.

    Dennis Ng, Vice-President of developer Gamuda Land Vietnam LLC, said “the company has spent a large sum to invest into Gamuda City, the first developmental district in Hanoi. Our goal is to include all lifestyle amenities into the area and transform it into a well-rounded community. It is not just to perfect the look of Hanoi, but to satisfy all lifestyle needs for the middle class and overseas investors. No matter Zen Residence or Gamuda City, the entire area is developed with mindful design work to protect the traditions of Hanoi city and at the same time, bring forward an economic momentum to this capital.”

    Managing Director of Golden Emperor, Terence Chan, explained, “large scale infrastructure projects and an inflow of overseas investment will support an economic boom to raise the property market in Hanoi. As economy strengthens, the middle class expands, generating a high demand for housing. With the decline of free hold land in prime locations, construction will slow, house and rental prices will increase. Any properties that sit in convenient locations, near a CBD, and along a railway line, its prospect is predicted to soar. In the case of Zen Residence, it sits at the city’s Third Ring Road, close to a future CBD and the historic city center, and is built along a MRT line. The property also includes countless amenities: similar to Hong Kong’s Taikoo Shing. Gamuda City will become a vibrant district in future Hanoi and a popularized area, which may promise its investors a high rental yield approximated at 7%.”

    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. Many prominent projects in Malaysia are constructed by Gamuda Land: the SBK railway, LDP freeway, and a smart tunnel which can be used as a city drainage and vehicle bypass. The corporation leads in architectural technology worldwide. Gamuda Land has also built large infrastructures and property projects in Vietnam, Australia, Taiwan, India, Singapore and Bahrain, building upon its already existing reputation in the industry.

    About Golden Emperor Properties Inc.

    Golden Emperor Properties (HK) Limited is a Hong Kong-based property agency company that offers properties 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.