Shifting Landscape: Diplomatic Corps Apartments in High Demand

Diplomatic Corps apartments for rent - As of last August, the real estate market exhibited a notable surge in interest in apartment rentals compared to the same period the previous year.

The rental market is heating up, with Diplomatic Corps apartments emerging as the highly sought-after option. Diplomatic Corps apartments for rent - As of last August, the market recorded a positive growth in interest in apartments for rent compared to the same period last year. Among these, the coordinates that continue to captivate many customers and investors are the Diplomatic Corps apartments.

The Upsurge in Diplomatic Corps Apartment Rentals

Mr. Hoang Ngoc Chien, an experienced real estate investor in Hanoi's Long Bien District, has recently fulfilled orders for two new apartments to bolster his business endeavors. Mr. Chien shared: "Basic apartment rental rates have witnessed a consistent uptrend for 15 consecutive quarters and are presently 53% higher than the first quarter of 2019. Consequently, many individuals are actively seeking apartment rental opportunities. This has enabled me to maintain a consistent 100% occupancy rate for my dozens of apartments, with instances throughout the year where demand surges beyond room availability."

Demand for real estate rentals in Hanoi during the third quarter saw a remarkable 58% increase compared to the preceding quarter, as per data from the real estate website Batdongsan.com.vn. Among these, apartments emerged as the most intriguing and sought-after property type, particularly in areas rich with options like Tay Ho. Despite a 20% rental price hike, the market remains vibrant owing to high demand, promising lucrative returns for investors.

Ms. Thao Nguyen, an employee of a real estate brokerage firm, noted: "Monthly rents for two-bedroom apartments currently range from 15 to 20 million VND, while studio apartments command around 10 million VND per month. Despite being 30 to 50% higher than a year ago, the majority of available apartments are swiftly rented out, highlighting the market's enthusiasm."

Ms. Thao Nguyen further elucidated that the primary catalyst driving the apartment rental market's expansion is the genuine needs of potential tenants, including professionals, engineers, foreign expatriates, and an expanding middle class in Vietnam. They are willing to invest in luxury apartments from reputable projects to secure comfortable living spaces. "However, not all projects can attract these discerning tenants. Only developments in urban areas by renowned brands, featuring excellent locations and amenities, are chosen. Among these options, Diplomatic Corps apartments remain the premier choice," emphasized Ms. Thao Nguyen.

Diplomatic Corps apartments consistently hold value in the rental market due to their environmentally friendly landscape and convenient transportation infrastructure, facilitating easy access to key areas in the city center.

Distinctive Features of Diplomatic Corps Apartment Design

Diplomatic Corps apartments for rent - The Diplomatic Corps project encompasses four distinct zones: N01, N02, N03, and N04. A distinguishing feature of this project lies in its design, boasting a construction density of only 30% to 33%, with the remainder dedicated to public amenities, ensuring convenient and comfortable living for residents.

The land planning for the Diplomatic Corps urban area is structured as follows:

  • An area of 20,295 square meters is allocated for representative agencies, embassy headquarters, and international organizations.
  • An area of 135,103 square meters is designated for the construction of high-rise buildings.
  • An area of 288,946 square meters is reserved for social and technical infrastructure.

The living spaces within Diplomatic Corps apartments are designed to be smart and modern. The arrangement of buildings maximizes natural light and fresh air, avoiding obstructions in the interior spaces. Settling into Diplomatic Corps apartments ensures residents' holistic well-being, with the developer providing a range of specialized gym equipment, yoga areas, as well as renowned restaurants and cafes.

Offering a complete and comfortable lifestyle akin to major cities, Diplomatic Corps continues to attract a substantial influx of residents, serving as a significant catalyst for the continuous heating up of the regional rental real estate market in the foreseeable future.

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