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Tag: villa

  • Hanoi speculative villa prices down 40%

    Hanoi speculative villa prices down 40%

    Amid rising interest rates, Hanoi’s cash-strapped villa investors are slashing prices by up to 40% to lure customers.

    Loi spent VND32.5 billion (nearly $1.4 million) on a 180-square meter villa near Ring Road No. 3.5 in mid-2022.

    He paid for the house with a bank loan and VND11 billion of his own money hoping his investment’s price would double in two years.

    Two months later, the real estate market went silent. He put the villa for sale at a discount of 15%, but found no buyers. Early this year, he finally sold the villa for only VND23 billion.

    But despite all this, Loi is still considered a lucky investor, according to Tien, a local real estate broker in the urban area surrounding the villa project Loi bought into.

    “Many other investors of villas at the same project haven’t found any buyers at all even after lowering their prices 15-30%.”

    According to Tien, since late last year, many investors in the project, most of whom took out bank mortgages to pay for the villas, have slashed their prices 20-30% to cut losses.

    One investor has recently sold a 150-square meter villa for only VND17 billion, incurring a loss of VND8 billion.

    Brokers at the Hinode Royal Park urban area are trying to sell villas at prices of VND6-7.5 billion, down 40% against last year.

    Tu, also a broker, said she sold two villas at the Nam An Khanh urban area in Hoai Duc District for VND23.5 billion each early last year, but the price of the same properties has dropped over 30% to VND16 billion now.

    Villa offering prices at many other large-scale projects, including the Ha Do Charm Villas and An Lac Green Symphony, have decreased 25-30% over the past year.

    Most of the villas are being bought and sold by speculators, and many of them have been abandoned.

    According to real estate consultancy Savills Vietnam, the average villa price on the secondary (resale) market was VND22 billion in the first quarter of this year, 17% lower than the properties’ primary market (original) prices.

    As a result, some investors have leaned deeper into the secondary market and many have become speculators.
    Experts have also asserted that this is one major reason that the primary market has been so stagnant, with the absorption rate falling to the lowest level in the past seven years.

    Do Thu Hang, senior director of advisory services at Savills Vietnam, has predicted that liquidity in the villa market is likely to improve, but only for villas bought as homes, not investments.

    After construction of Ring Road No. 3.5 and Ring Road No. 4 is completes, over 80 property projects along the major new arteries will attract more buyers, she said.

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  • The dream villa in Southeast Asia: An architect makes it happen

    The dream villa in Southeast Asia: An architect makes it happen

    Thailand has a very mixed image. While some people are very much looking forward to a stay in Thailand, others rather associate loud music and notorious nightlife with this beautiful country. One of the most famous Thai islands is Phuket. A Luxury Villa Architect in Phuket allows you to live a wonderful life in Phuket. Phuket is a city that offers many opportunities and is known for its evening parties among other things. After the Vietnam War, there were a lot of GIs stationed on this beautiful island. Since the American soldiers were mainly looking for their personal pleasure in Phuket, there are still very many bars and pubs. After the end of the war, the soldiers left. Immediately the island was discovered by backpackers. The island underwent another transformation in the 1980s. The very first luxury hotel was then built in Nai Harn Beach in the south of the island. Thus, the reputation changes overwhelmingly, from an attraction for backpackers came the transformation to a luxury resort. Now Phuket is known for fantastic luxury real estate and since then more and more architects are settling in Phuket, resulting in a real building boom on this magnificent island.

    Buying real estate in Phuket

    If you are considering buying a property in Thailand, you should find a local partner to help you. Real estate and property in Phuket, is quite expensive. This way, the complicated laws and rules can be followed very well and one avoids unnecessary mistakes that have legal consequences. For this reason, the cooperation with an experienced local architect is highly recommended.

    Phuket and the luxury hotels

    The first luxury hotel was followed by very many other luxury resorts spread all over the island. Many upscale accommodations as well as luxury restaurants, spas and leisure facilities of the higher price segment also settled on Phuket. In addition to the classic hotels, Phuket also offers some other types of resorts, such as cottages, apartments, and also ordinary accommodations. Meanwhile, Phuket offers a luxury real estate market. A variety of high-end luxury villas can be found here.

    For Thailand, this was the starting point to start promoting better and more expensive hotels in order to attract the appropriate clientele. The Tourism Authority of Thailand is extremely keen to see the poor image of Thailand finally transform into a proper image. Hotels, for their part, have responded to the increased demand for upscale accommodations with luxurious amenities. This explains the increasing number of upscale hotels to be found in Thailand.

    The possibilities on Phuket are endless

    Besides the fantastic resorts and luxury hotels, Phuket has a lot more to offer, such as the Big Buddha, which is the absolute landmark of Phuket. The Buddha is almost 65 meters high, sits on a hill and looks into the beautiful bay. For tourists, this is a wonderful place to visit, because you can enjoy this view perfectly and it offers an unforgettable view of the great beaches. Here, idyll and the luxurious accommodations are combined and there are almost all kinds of leisure activities to choose from.

    Phuket is located in the southwest of Thailand and it is not far from the mainland. In terms of area, it is the largest island in the country. Phuket becomes a perfect vacation paradise for the very reason that here, for example, every beach is located next to the impressive jungle of the island and the palm trees provide the perfect vacation feeling.

    The flora and fauna of the island are also extremely impressive, because rare animals and species can be admired here, and this applies not only on land, but also in the air. At the same time, the island offers an enormous variety in terms of leisure activities on offer.

    Whether diving, snorkeling, swimming, surfing or kite surfing, in Phuket everyone will find what they are looking for. Therefore, the island enjoys many different visitors with different preferences. In addition, the island offers a whole range of unforgettable excursion destinations.

    The old town of Phuket enchants the visitor

    In addition to the scenic beauty, but also the old town of Phuket convinces. Here, not only the beautiful buildings of the old town enchant, but also the unique and absolutely incomparable character. Both friends of architecture and architects themselves are immediately captivated by beautiful buildings from the colonial era. Nowhere else in Thailand can you find such a unique architecture than in Phuket. The cityscape appears extremely colorful and here every house has a different color. Above all, in the old town of Phuket also just the Chinese and Portuguese occupiers have left their mark. Almost all buildings can be immediately assigned to one architectural style.

    Great feel-good factor in luxurious style

    The feel-good ambience that the noble hotels, especially in Phuket, offer their guests is absolutely unique. In addition, the majority of them are located in such a way that the guest is enchanted by unforgettable views. But there are also private accommodations that pamper the guest with a lot of luxury. Here is really the right thing for everyone, whether you like to travel in the family, just the two of you or even alone. Here you will find excellent luxury accommodations for every need. From hotels, to apartments, to bamboo huts, there is something for everyone here and the guest never has to do without luxury.

    Even today there is a lot of construction going on in Phuket. Whoever wants a Luxury beachfront villa in Phuket will definitely find the right architect to build it. Although the land prices are no longer those that were called in the 90s, but even if you now have to dig much deeper into your pocket, on Phuket you will definitely be able to build your dream home in a fantastic environment. Here you can look forward to a luxurious private villa in the middle of the jungle with a view of the beautiful blue sea.

    The ideal vacation destination

    Phuket is still a place for masses of tourists. But in the meantime, the balance between masses and luxury vacation is perfectly established. The main reason for this is that luxury guests often do not leave their accommodations and feel most comfortable within the hotel grounds.

    While this hurts both the bars and the tourist attractions, at the same time they are less crowded and the small beaches can also be better enjoyed.

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  • New high-end apartment supply up 120 pct

    New high-end apartment supply up 120 pct

    In the first six months, 7,040 new high-end housing units were launched in HCMC, up 123 percent year-on-year, accounting for 59 percent of new supply.

    Mid-range supply rose 295 percent to 4,908 units, accounting for 49 percent of new supply, while no new affordable unit was launched, according to a report by the Ho Chi Minh City Department of Construction.

    This shows an imbalance in the HCMC real estate market where developers focus on the high-profit, high-end and luxury market while ignoring the affordable segment, boasting strong demand.

    The HCMC Real Estate Association (HoREA) predicts the imbalance would cause negative consequences in housing security.

    HCMC plans to increase its residential area per capita to 21.04 square meters by the end of the year, up nearly 2 percent from now. To do this, it needs an additional eight million square meters.

  • Condotel, beachfront villa market slump

    Condotel, beachfront villa market slump

    Resort real estate supply and sales fell to a five-year low last year, according to real estate consulting company DKRA Vietnam.

    Supply of villas fell by 79 percent to 541, and only 239 were sold, an 88 percent decline, it said.

    There were only three new condotel projects with a total of 525 units last year, a 95 percent fall. Sales fell by 96 percent.

    The leading condotel markets like Khanh Hoa, Da Nang, Phu Quoc did not have any new projects.

    Leisure travel fell into the severest crisis in decades. The market is not expected to make a revival in 2021.

    According to some experts, the situation in the resort real estate market in 2020 was partly caused by the changing investor sentiment due to the Covid-19 pandemic.

    However, even before the pandemic, the level of investor interest in resort real estate remained low because of the incomplete legal status for these types of assets and the dispute that broke out over reneged promises of regular returns on investment.

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  • An Evening in Full Swing with Biggles Big Band at Centara Grand Beach Resort & Villas Huahin

    An Evening in Full Swing with Biggles Big Band at Centara Grand Beach Resort & Villas Huahin

    The swing excitement has recently revisited Hua Hin as Centara Grand Beach Resort & Villas Hua Hin welcomed Biggles Big Band to delight Thai fans with hits from the golden era of jazz.

    The beautiful city of Hua Hin was in excitement as an Amsterdam-based 25-piece jazz orchestra, Biggles Big Band, recently revisited the iconic Centara Grand Beach Resort & Villas Hua Hin as part of their 2019’s Thailand Tour.

    Attended by hundreds of guests and all jazz lovers from across the globe, the event “A Big Night With Biggles Big Band” was a great success with Jan Weisheit (third from right), the hotel’s Resident Manager, personally welcoming and greeting Adrie Braat (third from left), the talented conductor, and the big band with the management team prior to the recreation of the magical sounds from the swinging-and-dancing era.

    Highlights of the glittering evening included tunes from their amazing musical repertoire such as In The Mood, Come By Me, Fly Me To The Moon, and many more famous jazz classics recreated with their well-known contemporary styles, all perfectly complimenting a wonderful atmosphere of the hotel.

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