Ho Chi Minh City stands out as a top destination for expatriates, ranking 6th in the Expat City Ranking 2021 by InterNations, the world’s largest expat community. This ranking, based on a survey of 57 cities globally, highlights the city’s appeal for both living and working. As a result, many expats are transitioning from short-term stays to long-term residences, increasingly seeking upscale and luxury apartments in the city center.
Captivating International Interest
Vietnam is becoming a magnet for investors with substantial financial resources, along with teams of experts and highly skilled professionals in sectors such as finance, semiconductors, artificial intelligence, and digital transformation. This influx of talent is driving a steady increase in the foreign population within major cities, particularly Ho Chi Minh City.
The residential preferences of this demographic have evolved significantly. Initially, in the early 2000s, foreign residents favored central districts like District 1 and District 3. Over time, the focus shifted to Phu My Hung, known for its modern urban planning and large international community. Subsequently, areas like Thao Dien and An Phu (formerly part of Thu Duc City) gained popularity due to their prime locations and established expat communities. Currently, the trend is moving towards Nam Rach Chiec, a burgeoning development hub in Ho Chi Minh City. This area boasts a well-developed transportation network, systematic urban planning, and a harmonious blend of nature and modern amenities, making it an ideal choice for those seeking a balanced lifestyle.
With the introduction of luxury projects that meet international standards, Nam Rach Chiec is emerging as a multicultural residential hub. Here, foreign residents can find a community that shares their lifestyle and global cultural values.
In this dynamic environment, The Privé, a luxury apartment complex developed by Dat Xanh Group, has emerged as a top choice for foreign buyers. A key factor in its appeal is its transparent legal framework. The project is one of the few in the market licensed for sale to foreigners, allowing buyers to directly sign contracts with the developer. This ensures a secure and transparent transaction process, a critical consideration for international investors. Given that most foreign-eligible projects were completed years ago, the opportunity to purchase new units is extremely limited.
The Privé’s introduction as a new project with world-class design and amenities has quickly made it a preferred option for foreign experts and entrepreneurs living and working in Ho Chi Minh City. Adding to its allure is the “one price” policy, which ensures equal access for both domestic and international buyers without price differentiation.
Location plays a pivotal role in The Privé’s attractiveness. Situated in Nam Rach Chiec, adjacent to Thu Thiem—the city’s international financial center—the project offers easy access to the metro and major transportation routes, including the Long Thanh – Dau Giay expressway, Mai Chi Tho avenue, and Hanoi Highway. Its proximity to key transport hubs, such as Tan Son Nhat airport (25 minutes away) and Long Thanh airport (under 20 minutes away), is particularly advantageous for international clients who travel frequently.
World-Class Living in the Heart of Ho Chi Minh City
One aspect highly valued by foreign buyers is the closed-compound design, a standard feature in many developed cities. With only nine apartments per floor, The Privé offers privacy and tranquility, catering to the preferences of Japanese and Korean residents. Additionally, the area’s flood-resistant design is a significant advantage, as this is a critical factor for foreign investors.
Beyond the private living spaces, the quality of handover has been a decisive factor in The Privé’s rapid success with international buyers. From the impressive first phase to the enhancements in the new subdivision, many foreign customers believe that the handover standards at The Privé rival those of luxury projects in Singapore, Seoul, and Shanghai.
Complementing the high-quality handover is a rich ecosystem of amenities. With a construction density of just 25%, the majority of The Privé’s area is dedicated to green spaces and water features. The project features three resort-style electrolytic salt pools, a river-view gym, a gourmet culinary lounge, sports facilities, a cinema, and a creative studio, all designed to foster a balanced and luxurious lifestyle.
Given the limited number of projects eligible for foreign ownership, The Privé stands out as a notable option. It excels in critical areas such as legal transparency, strategic location, modern design, international-standard handover quality, and a serene living environment. These factors collectively make The Privé highly appealing to foreign buyers, who have high expectations when selecting real estate investments.
To discover more about the unique living experience and exceptional values offered by The Privé, visit the official project website: https://theprive.vn
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