Decent Projects About to Hand Over at Covid-19 Price
Q2 THAO DIEN by Frasers has an impressive milestone in construction progress in March 2020: The construction of floor 32 of residential is updated. Besides that, the office block is completed on time. This is a respectable achievement during the COVID-19 causes difficulties.
Together with Q2 THAO DIEN, two other decent projects about to be handed over are unveiling their beauty: Feliz en Vista and One Verandah. Both are from international developers, respectively, Capitaland and Maple Tree, with spectacular river view.
Feliz en Vista by Capitaland is located in a good feng shui spot conducted by well-known feng shui master, Joey Yap, where many Vietnam authority buildings and banks surround with increasing local population. Resell Price varies from 3,500-4,000 USD/sqm.
One Verandah by Maple Tree located nearer to the river bank with unobstructed view to the CBD also attracts lots of inquires from tenants recently. Resell Price varies from 3,000-4,500 USD/sqm.
Due to the spread of Covid-19, the stock market has had tumultuous few weeks; the VN index reached a low level of 661 (30th March 2020). In periods of economic instability, investors tend to gravitate towards safe, sustainable investments, such as ‘blue chip’ equities, bonds or real estate.
While many buyers may want to take advantage of the low-cost investment opportunities currently available, Mr Nguyen Khanh Duy, Sales Director of Residential Sales, Savills Vietnam cautions that investors should not look at short-term investments during this period. Instead, he suggests making investments in housing or assists based on long-term analysis for the next 3-5 years, rather than just focusing on investments based on recent news.
It is currently a great time to buy property at rock-bottom prices that weren’t available a few weeks or months before. Q2 Thao Dien, Feliz en Vista and One Verandah, without a doubt, once the COVID-19 pandemic is over, the economy will recover and the market will return to normal as well as these projects’ resell price. Given such timing, buying them now will have better chances for price negotiation and discounts.
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