Lotus Residences sale shows growing interest in resorts

Wednesday, Aug 26, 2015 16:23

A model of Lotus Residences. Photo Syrena Viet Nam. — VNS Photo

HA NOI (Biz Hub) —The second sale of Van Lien (Lotus Residences) in Ha Noi last Sunday attracted hundreds of investors from the capital city and saw a high rate of successful transactions.

This reflects growing interest in the luxury resort property segment amid the recovery of the real estate market.

Syrena Viet Nam, a subsidiary of the BIM Group and the developer of Lotus Residences, said the buyers of Lotus Residence townhouses at the weekend sale were mainly those who already owned at least a resort unit in tourism hubs across the country, such as Da Nang, Nha Trang and Phu Quoc.

Many wealthy Hanoians were seeking to invest in quality resort projects with promising and guaranteed profits and Lotus Residences, located in the prime Halong Marina Urban Area, gave them valuable opportunities.

Experts said Lotus Residences offered several advantages that made its townhouses attractive to buyers, especially the application of rental pool – the management model in which the parties involved share rental income from a property, as well as the expenses associated with its ownership and maintenance – with the high guaranteed profits from the developer.

Thu Thuy from Ha Noi said she decided to buy a townhouse of Lotus Residences because she saw this as a good investment opportunity compared with bank savings. She said the developer guaranteed a whopping profit of up to 24 per cent of the townhouse's value in the first three years of operation. In addition, the buyers would get 60 days of use every year.

Lotus Residences' prime location along Ha Long Beach also made the project attractive to investors.

Ha Long has been the investment destination of large developers such as Vingroup, Tuan Chau Group, Sun Group and Amata, as well as Nakkeel and ISC Corp, who have poured billions of dollars in the tourism city's resort property market.

Syrena Viet Nam said the market was showing positive signs and that Lotus Residences' quality and originality would continue to attract buyers.

Lotus Residences, covering a total area of 40,000sq.m in Halong Marina Urban Area, comprises 159 four-storey townhouses with environment-friendly designs that combine retail and tourism purposes. — VNS

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