When a millionaire in the US can only afford to buy an apartment in Vietnam

To own these apartments with an area of ​​about 100 m2 in the central area of ​​Hanoi and Saigon, the rich in America must have at least 1 million USD and the most can be up to 7 million USD.

Real estate values in Manhattan, New York have always recovered quickly despite 4 major financial recessions in the past 3 decades.

When the American rich can only afford to buy an apartment in Vietnam

The majority of Americans say that to be considered "rich" in the country in 2021, you need to have a net worth of nearly $2 million, $1.9 million to be exact, according to a survey conducted by CNBC. name 2021 Modern Wealth Survey (roughly translated: Modern Wealth Survey 2021) by Schwab. While in Vietnam, there are apartments in the center of Hanoi that cost up to 5-7 million USD.

The real estate market report in the second quarter of the Ministry of Construction noted that Hanoi and Ho Chi Minh City are having projects in special and central locations with very high offers. Accordingly, in Hanoi is The Grand Hang Bai project - located in the golden land of Hanoi, with an asking price of 570-700 million VND per m2.

Grand Marina Saigon - dự án đầu tiên đánh dấu sự hợp tác giữa Masterise Homes và Marriott International tọa lạc tại vị trí “vàng” của quận 1

In Ho Chi Minh City, One Central Saigon project (District 1) has an expected selling price of about 650-800 million VND per square meter; project Grand Marina Bason (District 1) costs about 400 – 500 million VND per m2; Sunshine Venicia Thu Thiem project costs about 150 million VND per m2; The River Thu Them project in Thu Duc City costs about 110 million VND per m2.

Thus, to own the above apartments with an area of ​​about 100 m2 in the central areas of Hanoi and Saigon, the rich in the US must have at least 1 million USD, especially there are apartments priced up to 7 million USD. USD.RED

Perspective of the Grand HaNoi project.

Recently, information for sale of apartments in the Grand HaNoi project - Masterise D'. San Raffles 22-24 Hang Bai with the price of 25,000 USD - 35,000 USD/m2 (578 - 809 million VND/m2) has stunned the real estate industry. The selling price of each apartment with an area of ​​120-250 m2 can be up to VND 84 -174 billion, a record level in the Hanoi market.

Masterise Homes brings Vietnam's name to the international real estate map

According to the advertisement, the luxury apartment project has a diamond location, a construction density of about 70% and "will soon be published in American, European and Asian newspapers because of its outstanding beauty and rare quality". . complex of commercial centers, high-class offices and luxury apartments, has a diamond location, construction density is about 70% and "will soon be published in American, European and Asian newspapers because of its outstanding beauty and rare quality”.

Previously, the One Central Saigon project (located in District 1, Ho Chi Minh City) also caused a stir in the real estate market when it offered a record-high expected selling price, about $25,000-30,000/m2, equivalent to 650-800 million VND/m2.

One Central Saigon project.

According to the promotion, Project One Central Saigon is a high-class complex including various types such as luxury apartments, super apartments, commercial centers, offices , 6-star hotel right in the heart of Ho Chi Minh City. One Central Saigon project has a prime location located at 1 Pham Ngu Lao, Nguyen Thai Binh ward, District 1, City. Ho Chi Minh City is invested by Bitexco Group.

One Central Saigon Quận 1 TP.HCM ( tên cũ là Spirit of Saigon )

Thus, on average, buyers will have to spend about 45 billion VND (equivalent to nearly 2 million USD) for an apartment of about 60m2 including 1 bedroom. This price includes VAT and maintenance costs.

Assessing the liquidity for super luxury apartments in Vietnam, Mr. Nguyen Van Dinh - Vice President of Vietnam Real Estate Brokers Association said that this segment is quite picky. Many people buy luxury real estate to assert themselves “I have money”.

“High profit margin is the leading factor attracting investors to build high-end and luxury real estate, although according to the Real Estate Brokers Association, the absorption rate of this type of apartment in Ho Chi Minh City In the second quarter, it was only 10%,” Dinh said.

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