In August, the developer is offering financial assistance covering up to 70% of the property value, a 0% interest rate for 21 months, and a monthly rental support of 10 million VND for 12 months. This means that for a studio apartment starting at 3.6 billion VND, investors only need an initial investment of around 1.2 billion VND.
The project is entering its handover phase and is expected to be ready for lease in the third quarter of this year. According to the developer, the current incentives allow buyers to benefit from three income streams: the rental support for 12 months, rental income from the property, and the interest rate incentives for up to 21 months.
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Interior design of a business suite at the project. Photo: Anh Sao |
Interior design of a business suite at the project. Photo: Anh Sao
Hong Anh, 30, who works in international auditing, said she chose a business suite at the project because it suited her finances and could be leased immediately after handover. This versatile property model can be used for accommodation, work, and rental, offering flexibility that suits young professionals, freelancers, and startups.
Located near Nga Tu So, the project offers convenient access to transportation routes and is situated in an area with a concentration of offices, businesses, and universities, promising a stable tenant pool.
According to Hong Anh, Hanoi attracts young people seeking job and business opportunities. Therefore, properties that offer the flexibility of living, working, entertaining guests, and renting have investment potential. Centrally located projects have an added advantage with higher liquidity and a diverse range of tenants over time.
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Studio apartments at The Ninety Complex require an initial investment of over one billion VND. Photo: Anh Sao |
Studio apartments at The Ninety Complex require an initial investment of over one billion VND. Photo: Anh Sao
The developer of The Ninety Complex stated that the studio apartments are designed with 5-star interior standards and managed by an international company. The expected rental price is around 16-20 USD per m2, equivalent to 15 million VND per month. The project offers a limited number of 168 studio apartments.
Real estate service provider Savills reported that over the past 5 years, primary sale prices (offered by developers) for apartments in Hanoi have increased by an average of 22% annually. According to calculations by the developer of The Ninety Complex, with the rental yield in the area and the inherent appreciation of the property, the return on investment for a business suite is many times higher than savings deposits.
(Source: Anh Sao)
