Demand for multi-purpose apartments is increasing rapidly in urban areas.
In Vietnam, the Millennials (born from 1981 - 1996) and Gen Z (born from 1997 - 2012) currently account for 47% of the population, becoming a major factor affecting the economy, including real estate.
According to a 2022 survey by batdongsan.com.vn, 58% of respondents aged 20-29 and 43% of those aged 30-39 want to buy a house in the next 3-5 years.
Major cities are expected to welcome the arrival of global citizens, including experts and foreigners, to live and work in the context of strong FDI capital flows into Vietnam as well as the trend of working combined with tourism (workcation) or non-permanent work (digital nomad).
The trend of searching for multi-functional, convenient apartments in big cities is increasing sharply (Illustration photo).
According to a report by the Vietnam Real Estate Brokers Association, the number of houses purchased by foreigners in Vietnam since the 2014 Housing Law took effect accounts for only about 0.53% of the total number of houses nationwide in the period of 2018-2022. This means that the market share for renting houses to foreigners has a lot of potential.
According to many experts, both young residents and foreigners tend to choose modern, multi-functional, multi-utility spaces with easy access to social infrastructure and transportation.
According to research by Compass and StreetEasy Expert (USA), GenZ and Millennials customers prefer private living spaces with enough space to work or relax at home. Australian real estate consulting site - Property Buyer - rates small apartments as attractive investment properties in many big cities because of their reasonable prices, suitable for young families and financially independent singles.
1+1 bedroom apartment is a trend in Da Nang
1 bedroom + 1 apartment (1PN+1) has 1 bedroom, living room, kitchen, bathroom and space that can be flexibly customized into a working room, tea room, coffee shop, music room... This type of apartment usually has an area of 45-50m2 but still has enough functions, suitable for young couples, singles, retired elderly or investors for rent...
In Vietnam, Da Nang - a city with approximately 10% of its population being foreigners and 40% of its population being of working age - is considered a "promised land" for this type of real estate as demand, including rental or purchase, is increasing.
As soon as the modern complex Sun Cosmo Residence Da Nang appeared with a prime location right in the center, providing 1PN+1 apartments with full amenities, it attracted great attention from Da Nang people as well as the business community.
Anticipating the trend of the new urban population, Sun Cosmo Residence Da Nang allocates about 40% of the apartment fund of each high-rise tower Panoma 1 and Panoma 2 to establish a system of 1PN+1 apartments with many options in terms of direction, view, height...
100% of the apartments in the 2 towers of The Panoma subdivision have a valuable view, fully enjoying the three beautiful views of the Han River - My Khe Beach - Da Nang right on the balcony and through each window. Thanks to this advantage, 1PN+1 The Panoma apartments are easily rented out on Airbnb, meeting the needs of vacationers or those on long-term business trips, foreigners living and working long-term in Da Nang.
As a part of the Sun Cosmo Residence Da Nang complex, the multi-functional apartments at The Panoma also own a system of high-class internal utilities such as an infinity pool on high, a gym, a children's club, a community room, a commercial service area... At the same time, it fully inherits the advantage of its location next to the Han River, close to the foot of Tran Thi Ly Bridge, right at the intersection of busy roads, helping residents easily reach anywhere in the city in just a few minutes.
Not only that, the two towers of The Panoma conquer even the most demanding guests because of their careful investment in architecture. "Sharing hands" with Aedas - a world-famous design consultancy, the investor Sun Group not only brings to the Han River area 2 dynamic, modern towers, but also honors the famous Cam Ne flower mat village of Da Thanh.
"With a unique design that honors traditional cultural values, we hope to create an architectural work with timeless value, while pioneering a new lifestyle in Da Nang," said Ms. Nguyen Kieu Anh, Marketing Director of Sun Property.
With a flexible financial policy, only need to pay 2.5% of the apartment value each month, especially an outstanding discount of up to 9% for progress payments (if not using a loan package), an additional discount of 10.5% for early payment (applied in December 2023) ..., The Panoma apartment is having good liquidity, contributing to creating an impressive recovery for the Da Nang market.
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