How to invest in different real estate of foreign investors: Vietnamese people look for 5 years, foreigners look for 20 years, aiming at people's utilities and public transport!

How to invest in different real estate of foreign investors: Vietnamese people look for 5 years, foreigners look for 20 years, aiming at people's utilities and public transport!!

Vietnamese investors only aim at the prerequisite factor: Position, position and position, and only look at that position for 5 years. But for foreign investors, they will see the story about 15-20 years. For them, that position may not be available at all, but in the future when the infrastructure system is fully developed, the position becomes prime, so they can buy now and sell cheaply. after that…

In an interview on the sidelines of the announcement of the overview of the real estate market in Hanoi in the recent 4/2018 quarter, Mr. Duong Duc Hien - Director of Housing Business in North and Central Savills Vietnam said: As noted by Savills Vietnam in 2018, Vietnam welcomed many international investors from Hong Kong, Japan, South Korea, some Chinese investors, Singapore, America, Western Europe, Australia ...

Mr. Hien said that if Ho Chi Minh City is very attractive to investors before, in Hanoi market, Savills will begin to recognize the interest of these investors by 2018.

Deeply shared, Mr. Hien said that real estate products of foreign investors are still interested in high-end apartments. And they have a very different way of investing with Vietnamese investors.

Mr. Duong Duc Hien - Director of Housing Business in North and Central Savills Vietnam.

If Vietnamese investors are only interested in Location, position and position, then foreign investors look at Infrastructure, Utilities, and those properties MUST be within the distance It is possible to walk to the train stations, possibly subway, which can be overhead trains.

"For foreign investors, they see the story of Vietnam's booming real estate market like the story that happened in their market 10 - 15 years ago. Therefore, they have a lot of lessons, and they foresee the problem that people have not paid much attention to public transport issues, ”Mr. Hien said.

"In fact, our public transport is not good. In foreign countries, the number of people working by public transport I think makes up about 60 - 70%. People with driving conditions You must be rich people to work.

Mr. Hien said that in some developed countries, foreigners driving into the city center still have to pay taxes.

Vietnamese investors are only interested in Location, position and position. Foreign investors look at the infrastructure, utilities, and those properties are REQUIRED within walking distance to the train stations.

"Because of that, many times there are people who ask the question:" Why does Donald Trump say the position is just one of the factors that determine the value of real estate? " Our domestic private only looks at that position for 5 years. "

"But for foreign investors, they will see the story for about 15-20 years. That position may not be available at all, but in the future when the infrastructure system is fully developed, the location. The story can help them buy cheap now and sell expensive later.

Returning to the Hanoi real estate market, Mr. Hien said that foreign investors often focus on projects on high-altitude trains, because the purpose of buying houses is to invest in leasing. And their customers are also foreigners who come to work in Vietnam. And not all foreigners have normal personal vehicles such as motorbikes or cars, optimal transport means both public transport and safe and time-saving means of transportation.

Savills' follow-up shows: More than 50% of investors are interested in the resort real estate market, only a small part of which is interested in housing products in big cities.

Bao Bao