Press Release – For Immediate Release
Vietnam is growing at the fastest rate in Southeast Asia with a tremendous increase in FDI and boost in the manufacturing sector. Foreign investors have been particularly keen in Hanoi’s manufacturing sector, an effect hastened by the ongoing trade war.
In the first 5 months this year, Hanoi’s FDI accumulated to USD 4.87 billion, 26.4% of the national total. Increased business activities, reflected in its FDI inflow, is attracting a rapidly growing middle-class in demand for premium housing. Imperia Sky Garden, starting at only HKD 1.3M, will be a promising investment offered. Capital gain is expected to rise in the coming years due to its strategic location at the entrance to Hanoi’s Super Ring Road which provides easy accessibility to the city’s CBD and Bac Ninh Industrial park.
Trade war gives strong boost in FDI and manufacturing businesses
The US-China trade dispute has resulted in a volatile global economy, but Vietnam has been widely perceived as the next tiger economy of Asia. Internationally-renowned publications including Bloomberg, Financial Times and SCMP have regarded Vietnam as a key winner of the trade dispute.
Fueled by continuous growth, Vietnam’s total FDI accumulated to USD 16.74 billion, a 69.1 increase year on year in the first 5 months. Hanoi retained its title as the most attractive city for foreign investors. Latest data from the Foreign Investment Agency revealed its FDI inflows in the period accounted for USD 4.87 billion, 26.4% of the national total. Home to tech giants Microsoft, Nokia and Samsung, Hanoi’s Bac Ninh Industrial Park will additionally be developed into the largest urban area in Vietnam by 2050.
Mega infrastructure to upgrade city connectivity
Asia Development Bank revealed that Vietnam was the second biggest infrastructure spender in 2018 which accounted for over 5.5% of the nation’s total GDP. China was only ahead by another 1%.
Hanoi has undergone a series of transformations to upgrade its city connectivity. Besides the USD 5.5 billion airport expansion, MRT upgrades and the massive development of the Nam Tu Liem CBD, the city will complete its USD 417 million Super Ring Road. The freeway will be able to directly connect the Noi Bai International Airport to Bac Ninh Industrial Park, passing by a number of key districts in Hanoi, including West Lake, Korean Town Trung Hoa and Hai Ba Trung. By 2021, travel time between districts within the city will take merely minutes as congestion is largely reduced.
Continual market value expansion with high rental yields
Terence Chan, Managing Director of Golden Emperor Properties explains, “Vietnam’s boost in economy from the trade dispute is resulting in a rising middle-class population followed by a property market boom.” Limited land supply is a major driving force of the market. High rental yield remains the second, as a middle-class population growing at 1.5 million per year is causing high uptake demand, as reported by World Bank. Thus, price appreciation is strong in projects with high construction quality and in convenient locations, as briefed by Jones Lang LaSalle (JLL) Vietnam.
“Local and foreign investors both look for projects at locations close to Hanoi’s industrial parks and expat communities. Hai Ba Trung is exactly located nearby the CBD and Bac Ninh, connected by Hanoi’s Super Ring Road. In the past 12 years, housing prices in Hanoi’s newly developed areas have increased in multiples, and is expected to continue,” says Chan.
Strategic location at the entrance of Hanoi’s Super Ring Road
Imperia Sky Garden is nestled at a prime location at the heart of the Hai Ba Trung District in Hanoi. Located at the entrance of the Super Ring Road, access to the rest of the city and core districts is made convenient. This complex of high-class condominiums is only a 2-minute walk to the Vincom Mega Mall Times City, 8-minute drive to Hanoi’s largest shopping center AEON Mall, 15-minte drive to Hoan Kiem CBD and 20-minute drive to Bac Ninh Industrial Park.
The residence will provide 2 and 3-bedroom units, many with breathtaking panoramic views, ranging from 808 square feet to 1,138 square feet across 4 towers. Scheduled for completion by January 2020, all units will be fully fitted and finished to the highest standard. A total of 68 amenities are available including an infinity rooftop pool, glass-encased pool, cafes, shops, kids’ playground, a gym center and 24-hour security.
Imperia Sky Garden was ranked into the top 10 ‘Green and Smart Project’ at the Trend Setter Award by Vietnam’s Dau Tu newspaper. The residence now starts at merely HKD 1.3M with a 7% expected gross rental yield per annum.
About MIK Group
Vietnam MIKGroup Joint Stock Company (MIKGroup) specializes in real estate investment, trading and development in Vietnam. With a highly experienced management and expert team, MIKGroup has been cooperating with many prestigious leading local and international partners in real estate design, supervision, construction and management for developing high-standard real estate projects such as: Imperia Garden, The Waterfront Saigon, Sol Beach House Phu Quoc, Mövenpick Resort Waverly Phu Quoc, Crowne Plaza Phu Quoc Starbay, etc. In 2019, the group was rewarded the top 10 strongest real estate brands in Vietnam by Vietnam Economic Times. http://mik.vn/en/home.html
About Golden Emperor Properties Inc.
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 USA, UK, Australia, Thailand, Vietnam, Malaysia, Singapore, 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
For media enquiries, please contact:
Golden Emperor Properties
PR & Marketing Director
Tel: （852）2912 0920
PR & Marketing Executive
Tel: （852）2912 0952