Luxury Villas and Commercial Townhouses Rise in Value
CBRE and Savills’ recent Q1 2024 report indicates a significant growth in the real estate market, with substantial price increases and a surge in transaction volume compared to 2023. Notably, the villa and townhouse segment has been a major contributor. These properties cater to Vietnamese preferences for “ground-level housing.” They offer a combination of investment opportunity, asset accumulation, and optimized cash flow. Their high value makes them ideal for medium- and long-term investments, providing resilience against market fluctuations.
A market survey reveals that Hanoi’s low-rise property prices have risen from an average of 100 million VND per square meter (in 2018) to approximately 214 million VND per square meter in the eastern region, 226 million VND per square meter in the western region, 244 million VND per square meter in the north, and 186 million VND per square meter in the south.
Remarkably, despite the elevated prices, the market has witnessed robust transaction activity. According to Savills, the number of low-rise transactions in Q1 2024 increased by 189% quarter-over-quarter and 110% year-over-year, totaling 185 units. The number of units sold in Q1 alone accounted for 52% of the entire 2023 volume. Additionally, 63% of the new supply was absorbed during the quarter.
Q1 2024: 185 villas and townhouses sold (Source: Savills)
Complementing the strong transaction volume, various indicators signal the market’s recovery. According to the Investment Agency, the total registered foreign direct investment (FDI) in Vietnam reached nearly 4.29 billion USD by early March 2024, an increase of 38.6% year-over-year. Of this, real estate attracted 1.37 billion USD, accounting for 38%. A report and sentiment index survey by batdongsan.com.vn reveal that 65% of respondents plan to purchase real estate for investment purposes in 2024.
The market’s resurgence, coupled with the development of high-quality products, has established new investment coordinates. Many investors are exploring potential cities with prime products offering significant price appreciation potential.
Located in the heart of Lao Cai City, CIC Sky Luxury Lao Cai is attracting investors due to its unique advantages and compelling policies.
CIC Sky Luxury Lao Cai is construction complete and ready for handover
Valuable Investment Model Supported by Strategic Location and Economic-Tourism Potential
Situated on the intersection of Hoang Lien and Le Quy Don boulevards, CIC Sky Luxury Lao Cai is a complex of commercial townhouses designed with refined European elegance. The 2-3-front townhouses provide flexibility for both commercial use on the first and second floors (e.g., retail or services) and residential or office space on the upper floors. The project boasts exceptional construction and delivery standards, including high-quality foundations, walls, and over 100 limited-edition villas with 22 different models.
In Lao Cai City, few developments enjoy a prime central location like CIC Sky Luxury Lao Cai. It offers easy access to essential amenities within a 5-10 minute radius, including Nhat Son Park (spanning 20 hectares), the city square, the provincial administrative center, the city’s general hospital, the inter-level public school, Coc Leu Market, and border crossings.
CIC Sky Luxury Lao Cai is envisioned as the city’s new commercial and financial hub, a destination for shopping, entertainment, and business development. The project features comprehensive infrastructure and a modern security management system, ensuring an ideal living space for investors and tenants.
Against the backdrop of a growing economy and integrated transportation infrastructure, this location is poised to become one of the most vibrant coordinates in the Northwest. Notably, the 2025 opening of Lao Cai International Airport, with a capacity of 3 million passengers per year, is anticipated to drive economic and tourism growth in the region, resulting in a surge in real estate prices. The strategic location guarantees exceptional profitability potential.
In addition to its strategic location, two other notable investment advantages of the project are its existing infrastructure and long-term land tenure. Clients can occupy units immediately under the “Profit Sharing – Prosperity Building” policy. This policy caters to investors with a long-term vision, enabling practical project operation with a completion package valued at 1.25 million VND per square meter of total construction area (subject to completion of at least two floors within three months of handover) and financial assistance of 4% per annum for the first two years for favorable rental agreements that still ensure profit.
During the official launch phase, the first 10 buyers of CIC Sky Luxury Lao Cai commercial townhouses will receive a commemorative 80 million VND SJC gold bar and other exclusive offers.
CIC Sky Luxury Lao Cai Project Information
Legal project name: Commercial housing on Hoang Lien Street, Coc Leu Ward, Lao Cai City
Address: 254 Hoang Lien, Kim Tan, Lao Cai City, Lao Cai Province
Website: https://cicskyluxury.com.vn/
Facebook: https://www.facebook.com/cicluxury.com.vn
