The Ninety Complex - "leading the wave" of investment in rental apartments in Hanoi

Providing a stable source of income from leasing, the Lease Home product is attracting the attention of investors in the context of high apartment prices. In Hanoi, The Ninety Complex is being sought after by many investors thanks to its attractive profitability and is about to be handed over.

Providing a stable source of income from leasing, the Lease Home product is attracting the attention of investors in the context of high apartment prices. In Hanoi, The Ninety Complex is being sought after by many investors thanks to its attractive profitability and is about to be handed over.

The luxury apartment rental segment is increasingly attractive.

In developed countries, limited-term apartment ownership has long been regulated. Accordingly, the maximum apartment ownership period in China is 70 years, in Singapore it is 99 years, and in Thailand it is usually about 30 years. Regulations limiting the time of home ownership make people in these countries no longer have the mentality of owning real estate assets permanently. This is also the driving force that makes renting a house popular.

In Vietnam, recently, in the draft amendment to the Housing Law, the Ministry of Construction proposed to stipulate that the term of use of apartments will only last from 50 to 70 years instead of permanently. Although this content is still being discussed, this is also an initial sign that Vietnam may follow the general trend of developed countries, paving the way for the formation and proliferation of the model of rental apartments - Lease Home in the center of large cities.

According to Dr. Vo Tri Thanh, Director of the Institute for Brand Strategy and Competition, renting a house has become a "hot" keyword in recent times. The main customers of this type of real estate are FDI experts and high-tech human resources - estimated to increase by about 10,000 people each year; Vietnamese people who need to find apartments to rent near their workplace and study; the young generation - Gen Z who do not want to own a house but value flexible experiences and accommodation and low-income people. The demand for rental apartments is very high, especially for luxury apartments with rental prices of over 15 million/month.

Catching the market wave, many smart investors have started to look for opportunities from Lease Home apartments - a model that has become extremely popular and successful in developed countries around the world.

Attractive investment opportunity at The Ninety Complex

In the context of scarce apartment supply, high apartment prices in central districts of Hanoi after the market shock, many people have difficulty owning a living space that suits their needs and financial capacity. Renting a luxury apartment with full amenities and convenient transportation to school and work has become an optimal solution chosen by many people.

The Ninety Complex - a high-end Lease Home apartment building located in the center of Dong Da district, is about to be handed over and is attracting the attention of many investors who are willing to spend money.

The project is located at 90 Lang Street - the center of Dong Da District, where the major roads Nguyen Trai - Tay Son - Lang - Truong Chinh intersect. This is also a key area with well-invested traffic infrastructure with Ring Road 2 connecting Nga Tu So - Vinh Tuy with up to 8 lanes. Especially adjacent to the Ha Dong - Cat Linh elevated railway line which has been operating stably. The synchronization of traffic infrastructure and the combination of various types of public transport help residents living at The Ninety Complex conveniently move in both directions to the inner city or to Noi Bai airport and suburban areas.

The Niney Complex is located in the center of Dong Da district with synchronous traffic infrastructure.

When coming to the project to survey and discuss the issue of renting The Ninety Complex apartments for a group of senior experts from international corporations, Mr. Tommy Khuong - Sales Director of True Hospitality Company shared: “The apartments at The Ninety Complex are suitable for the needs of international experts because the apartment building has a synchronous high-class service utility system, smart home system in each apartment. Especially, it is managed and operated by the prestigious international brand CBRE. These are the top priorities when choosing apartments for rent for experts and customers with good financial potential”.

The Ninety Complex has 4 basements, 3 floors of commercial services, offices for rent, high-class utility space and 23 floors of apartments. The project also has more than 30 utilities with a four-season swimming pool using salt electrolysis technology, modern and luxurious reception halls, lounges and Co-working spaces. This is also the reason why tenants are willing to pay a rental fee of 20 to 35 million VND/month, a cost 30 - 40% higher than that of normal apartments.

For many experienced cash flow real estate investors, the profit from exploiting a rental apartment in the inner city center like The Ninety Complex compared to the initial capital of only 2.5 to 2.9 billion is a smart choice because the compound profit from the cash flow exploitation rate is up to 12%/year along with the asset price increase rate of up to 15%/year.

Lease Home apartments are ready for handover and put into operation from the second quarter of 2025.

“I decided to invest in a 2-bedroom apartment in the project because the expected rental profit is up to 300 million/year while the apartment price is about 30% lower than that of a long-term apartment. There have also been a few units contacting me to discuss renting after I received the handover,” said Ms. Mai Thanh Thuy - the owner of an apartment at The Ninety Complex.

Although still a new investment model, the apartment rental model at The Ninety Complex has been attracting the attention of many investors, especially when the project is about to be handed over and is ready to create a steady and attractive cash flow from the second quarter of 2025.

Source: https://baodautu.vn/batdongsan/the-ninety-complex---dan-song-dau-tu-can-ho-cho-thue-tai-ha-noi-d237456.html