Apartment asahi tower

“GOOD” PRICE: 28 MILLION / M2

ONLY “1 BILLION 1” HOLD 1 PROJECT 41M2

Overview of the Asahi Tower project

• Project’s name:  Asahi Tower quận 8
• Investor: 577 Group
• Landscape design: Surbana (Singapore)
• Location: Vo Van Kiet Street, Ward 16, District 8 – TP. Ho Chi Minh
• Area: 23,237 m2
• Scale: 3 blocks, 22 floors,
• Number of apartments: 1300 apartments including: 1 Bedroom (41 – 60 m2), 2 Bedrooms (65 – 78 m2), 3 Bedrooms (90 – 105 m2).
  • Block 1: 20 units, 4 elevators / 1 floor
  • Block 2: 19 units, 4 elevators / 1 floor
  • Block 3: 20 units, 4 elevators / 1 floor
• Construction density: 27.96%
• Price: 28 million / m2
• Form of ownership: Red book permanently
• Construction started: Quarter II / 2019
• Announcement to market: Quarter II / 2019
• Handover: Quarter II / 2021
• Guarantee bank: Vietcombank
• Handover: Basic furniture

Location of Asahi Tower project

Asahi Tower is located on the main road of Vo Van Kiet District 8, conveniently connected by arterial roads that have been gradually being formed such as Vo Van Kiet Boulevard, Nguyen Van Linh, Binh Tien Bridge construction project, expand National Road 50, Ben Binh Dong road.

Located in the key canal system of District 8, well connected with District 1, 4, 5, 6, 7

• It takes 30 minutes (10km) to get to Tan Son Nhat International Airport.
• It takes 20 minutes (10km) to move to the center of District 1.
• It takes 5 – 10 minutes to move to important routes such as Vo Van Kiet – Nguyen Van Linh – Trung Luong Highway – National Highway 1A.

Layout of apartments asahi tower

Asahi Tower project has 3 blocks. Each Block has 22 floors and
includes 1300 apartments:

• 1 Bedroom (41 – 60 M2).
• 2 Bedroom (65 – 78 M2).
• 3 bedrooms (90 – 105 M2).

Block 1: 20 units, 4 elevators / 1 floor

Block 2: 19 units, 4 elevators / 1 floor

Block 3: 20 units, 4 elevators / 1 floor

Design of the Asahi Tower project

• With the 3-sided advantage of the river, the Asahi Tower of 577 Group easily becomes an isolated river hugging apartment area.
• It promises to become one of the residential areas with the most peaceful and comfortable life with modern facilities and alternating lifestyle in harmony with nature.
• Easily become an ideal living environment to create happiness for the family.

Utilities Asahi Tower project

FACILITIES AREA

• pool
• Children’s play area
• Fountain park area
• General gymnastics and sports area
• Commercial shophouse area with mixed shopping
• Entertainment Tiniword – watch CGV movies
• Security camara system and 24/24 security team
• Health care system for beauty Gym, yoga & spa

OUTSIDE UTILITIES

Featured utilities around Asahi Tower District 8 (3KM)

• Albert Einstein Elementary, Secondary, and High School – AES
• Truong Bong Sen Nursery
• Rach Cat Hospital
• Play area: Dong Dieu, New World
• Park: Bong Sao, Binh Quoi
• Bus station: District 8, Western
• Sports Center of Maple Leaf
• Church: Bình Đông, Bình Hạ Đông, Bình Hạ
• Pagoda: Quan The Am, Dinh Lam

PROJECTS PLANNING AROUND THE PROJECT

There are 7 plans surrounding the project, which will help Asahi Tower project to increase its price after finishing and putting it into use:

• Riverside park in front of the project: Planning the riverside park in the style of the old town by the model of Paris
• Expanding Vo Van Kiet street (12m – 30m), Ta Quang Buu (12m – 32m)
• Open another branch of cheap bridge Nguyen Tri Phuong, Nguyen Van Cu from Vo Van Kiet to District 8 (Completed)
• 8 urban projects of South Kenh Doi coastline are invested by Vin Group (expected to be completed in 2020).

PROFIT ANALYSIS

SHOULD BUY THE “Asahi Tower” TO STAY?

Totally should BUY. Reason:

• This is a mid-range project, so many customers will be interested in buying accommodation.
• Nice location: Located right in front of Vo Van Kiet Street (one of the main roads of District 8). The view of 3 sides of the river (Doi channel, Rach Ba Lon canal) creates a cool feeling.
• The view is quite airy because it has not been obscured by other projects.
• Investor Hado Group: quite HOT name in Ho Chi Minh BDS market
• Easily connect to districts 1, 4, 5, 6 and 7
• Diversified internal facilities, class: swimming pool, amusement park, park, CGV, Gym …
• In front of the project will be successfully planned a riverside park in the style of Paris classic
• GOOD PRICE: only from 28 million (Average price in District 8: 25 – 32 million)

Buy Asahi Tower to reserve and get the price to sell?

This plan is quite good but you need to specify a reasonable time for taking profits.

• With Asahi Tower project with the planning of the area, in my opinion 2-4 years is the most beautiful to resell.
• At that time, the plans of this area were preliminary formed, so it was resold at that time (except in case the market fell too, keep it to exploit to see how).
• Can be combined with bank loans to buy in this option, but should not borrow with interest rates higher than the expected price increase of the apartment (the beautiful expectation is to increase on average more than 12% per year for 3 years top).

Unreasonable timing of profit taking will make it difficult for your apartment to resell, along with the profit will not achieve as expected. With this investment plan, you need to be alert and watch the market, and take profits when you feel enough.

Should we buy Asahi Tower project in District 8 to accumulate?

In my opinion this investment plan is quite suitable when buying apartment investment. As long as your income is stable, you should buy Asahi Tower to accumulate.

• You only need to pay by the payment method, the current payment method is very GOOD and facilitates investors.
• This plan you should have a vision of 2-4 years, investors will have a valuable asset without having to pay once and spread out over 2 years. Can use a combination of bank loans (30% -40% loan is best) then combined with renting apartments to pay interest.

The highest goal of this option is to have a valuable apartment after a few years.

Expected profit: from 6% -7% / year for rent combined with value-added apartments higher than 12% / year thanks to the “price-increasing potential” shared above.

The best option of this option is to sell to real people before the time the apartment becomes a product (after 3-5 years from the handover of the house).

WHO IS THE OWNER? IS PRESTIGE?

The investor of the Asahi Tower project is: 577 Group

• This is a group of 3 consecutive years in the top 10 most prestigious real estate investors in Vietnam (2016, 2017, 2018)
• Top 50 best listed companies by Forbes Magazine …

According to the newly released financial report 2018, the group’s revenue reached VND 2,268 billion, up 48% compared to 2016. In particular, the parent company’s revenue reached nearly VND 715 billion, up 200% respectively. and 700%. This revenue and profit mainly come from real estate business

Investor of large projects such as 4-star hotel Ibis Saigon Airport, Hado Airport Building office (Tan Binh district, Ho Chi Minh City), Hado Riverside (District 12), adjacent houses in Go Vap, 577 Group Garden Homes …