The New Law Effective August 1st Has the Biggest Impact on Seafront Apartment Segment

As of August 1st, 2024, the new Land Law, Housing Law, and Real Estate Business Law have come into effect. Industry experts predict that these legal changes will boost market confidence and attract investors to well-regulated projects.

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Existing Real Estate, “Actual” Value Prevails

With the new Law taking effect, the real estate market is expected to flourish towards the end of the year. However, each segment will have a different level of policy absorption. Therefore, the speed of recovery and development will vary depending on the property type. Meanwhile, the tourism and hospitality real estate segment still requires additional solutions to supplement and完善 its legal framework.

Legal framework is the survival principle for investing in vacation real estate at the moment. Especially for high-end vacation real estate investors with stringent “tastes,” they not only care about and seek out products with proper legalities and well-planned layouts but also identify these as existing assets that can be utilized immediately while offering sustainable profit opportunities. They no longer gamble on projects that look good only on paper but instead employ comprehensive filtering and evaluation methods to select a product that meets all the criteria.

Vung Tau Centre Point: Golden Advantage from Legal Framework

The development of tourism, the push from planning and infrastructure, and the limited supply are making long-term seaside apartments in Vung Tau attractive to buyers. Vung Tau is poised to become a center for marine economics in the future, not just a seaside city. When the Long Thanh International Airport and the Bien Hoa-Vung Tau Expressway become operational, the value of luxury real estate here will increase.

With 30 years of experience in the construction industry and a commitment to delivering the best quality projects, DIC Holdings has created the Vung Tau Centre Point project, legally named Apartment A2-1. It is a complex of high-end apartments with long-term ownership in the seaside city of Vung Tau.

This project is built with the passion, experience, and efforts of leading reputable brands, asserting the status of the elite in the heart of the seaside city. With a rapid construction progress, the project is committed to handing over to customers in the second quarter of 2025.

Vung Tau Centre Point offers modern living standards, elevating your lifestyle.

With nature’s beauty embracing it, homeowners can live peacefully by the sea and lake, enjoying the fresh air that permeates the spacious and bright open-plan apartments. Vung Tau Centre Point caters to vacation and residential needs with over 20 premium amenities: outdoor sports area, gym, yoga, walking bridge, infinity pool, BBQ Garden, etc. It also features a lobby that meets five-star hotel standards, creating a second home and a perfect vacation retreat. Additionally, each apartment at Vung Tau Centre Point will be delivered with modern furnishings, along with a Butler Service package and a Condo Trust Management model operated and managed by Altara Hospitality Group, a leading Asian company that will provide premium living standards for homeowners.

Boost from the “3 No’s for 10,000 Yes’s” Payment Policy

With the privilege of long-term ownership, Vung Tau Centre Point provides absolute peace of mind for customers. Along with the assurance of indefinite ownership legality and the commitment to hand over as per the construction progress, customers can rest assured about investing and living here, where each apartment is not just a home but also a legacy asset.

Moreover, with a favorable payment policy and financial leverage support from MB Bank, the burden is reduced, creating optimal conditions for investors and homebuyers. This not only enhances liquidity but also ensures absolute peace of mind and trust for customers.

Introduced by Vung Tau Centre Point right after the enactment of the new Real Estate Law, the “3 No’s for 10,000 Yes’s” policy has attracted attention by providing maximum support for customers to own seaside apartments and ride the investment wave as capital flows back into the real estate market. Customers only need to pay 20% of the contract value for fully furnished apartments ready for vacation rental, with a grace period for principal and interest for 18 months, a payment discount of up to 12%, meaning residents don’t have to worry about financial burdens until April 2026. That is, customers will receive the house in the second year and only then start paying interest, along with free management fees for 24 months.