Investing 1 billion VND only brings in 3 million/month
Being someone who believes in “playing it safe”, Mr. Tran Van Quan (30 years old, residing in Cau Giay district, Hanoi) has never had the intention of investing for fear of losses. Over the years, the accumulated money has been deposited in banks and earned savings interest. However, in recent times, savings interest rates have plummeted to record lows, making the interest earned “almost negligible”.
“From 9-10% per year, until now everything has turned around unbelievably fast. At the bank where I keep my deposits, the fixed-term interest rate is only 3.7% per year. That means, every month I have 1 billion VND locked in my savings account, I only earn 3 million VND in interest. For longer terms like 12 months, the maximum return is also negligible. Not to mention the risk of inflation this year is projected to reach 4.5%, even higher than the savings interest rate,” Mr. Quan shared.
After a period of disappointment with savings deposits, Mr. Quan is considering other options to grow his savings instead of receiving only a few million each month. Among the options often mentioned, bonds, stocks, and gold are “hot” investment channels. However, for individuals who have never participated in investment before like Mr. Quan, these are all too risky choices without investment knowledge.
After consulting several parties, Mr. Quan decided to choose the real estate sector as an investment direction in the period of declining savings interest rates. As a “newcomer” in seeking and evaluating projects as well as wanting to save time in research, he approached large and reputable developers in the market with the best sales policies at the current and long-term time.
Favorable timing and advantages for “making money with money”
For Mr. Quan, deciding to switch to real estate is also the time of “favorable timing and advantages”. At the beginning of February 2024, Vinhomes, the largest and most reputable developer at present, announced a payment policy never before seen in the market. The “Buy Prestigious House – Financially At Ease” policy allows customers to buy installment products in The Zenpark – Vinhomes Ocean Park 1, Vinhomes Ocean Park 2 urban areas (Hanoi), or The Beverly – Vinhomes Grand Park apartment with a 70% loan-to-value ratio for up to 15 years with fixed interest rates.
“After researching and receiving detailed advice from Vinhomes staff, I have chosen to invest in a 1-bedroom apartment in the Vinhomes Ocean Park project. With my existing capital, my family only needs less than 800 million VND. After receiving the apartment, I have chosen the solution of leasing the apartment because everything is prepared and ready,” Mr. Quan happily said.
Using financial leverage helps Mr. Quan immediately own a high-quality real estate with minimal initial costs and better income than saving from renting
According to many experts, participating in the real estate market at the present time, investors like Mr. Quan have caught a golden opportunity. Because recently, real estate supply continues to be scarce while actual demand is still on the rise. According to a survey of consumer psychology towards real estate at the beginning of 2024 conducted by the website batdongsan.com.vn, 65% of respondents still plan to buy real estate within the next year, a significant increase compared to the second half of 2023.
In addition, rental prices for houses at the end of 2023 and the beginning of 2024 have also increased by 1-2 million VND/unit/month, equivalent to a 10-20% increase compared to the beginning of 2023. Compared to other investment channels, the profit from apartment rental activities remains stable at 12.5%, a very attractive figure compared to the 4-5% per year savings interest rate.
“Being supported in principal postponement in the early stages as well as applying Vinhomes’ interest rate policy has helped me and my family proactively plan long-term financial plans. Unlike savings deposits, money can be devalued due to inflation, the value of real estate can still continue to grow strongly when the market becomes bustling again. In the following years, after the expiration of principal postponed support, if there is a need, I can still transfer this apartment with a higher value. Because Vinhomes is still the most attractive brand in the market,” Mr. Quan shared.
Some experts assess that the bold announcement of Vinhomes’ “Buy Prestigious House – Financially At Ease” policy has shown the determination to revive the real estate market from this giant. Parallel to the goal of leading and promoting the strong development of the real estate market, the program also brings great benefits to customers and investors with sufficient financial capacity who know how to distribute cash flows reasonably at the present time.
A golden opportunity to own a prestigious house in Vinhomes without worrying about interest rate fluctuations with the most attractive “Buy Prestigious House – Financially At Ease” policy at the beginning of 2024 real estate market.
Customers only need to prepare 30% of the product value to be able to own Vinhomes Ocean Park 2 townhouse or The Zen Park – Vinhomes Ocean Park 1 apartment (Hanoi), The Beverly Vinhomes Grand Park apartment (HCMC). Vinhomes’ policy helps eliminate all worries about market fluctuations when fixed rates are only from 6% – 9.5% per year, the repayment period is up to 15 years, receiving the house for living or for rent immediately and enjoying a convenient life as well as a “money making money” opportunity at the most livable urban areas in Vietnam.
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