If you are a foreigner and wish to purchase a property in Ho Chi Minh City, a thickly populated and largest city of Vietnam, you must be very familiar with the word – Serviced Apartment. A person who desires a premium experience while living in this city usually chooses this type of property for investment since an apartment that is fully furnished and provides hotel-like or European standard facilities is called a serviced apartment. According to a CBRE report, such apartments receive greater attention from investors coming from other countries.
Investing in serviced apartments as a foreign national in Ho Chi Minh City is going to be an excellent move and advantageous shortly. Do you want to know why? Let’s explore the reasons.
Ho Chi Minh City, also known as Saigon, is considered as one of the tourist hubs of Vietnam having some of the beautiful tourist attractions here. Therefore, serviced apartments of this city are mainly designed to allure the expat community. The four main areas of Saigon are District 1, 2, 3, and 7. Newly built apartments here usually include facilities of air conditioning, well- designed bedroom, kitchen, washing machine, space for work, Internet (Wi-Fi), TV, gym, 24-hour reception desk, room service, underground parking, and more luxuries depending on the location and the price of the property.
Typically, it has more square meters than a traditional hotel room. It is more like a comfortable home, proffering more comfort and freedom, for the people who want to stay here or the tourists who come to enjoy some quality time in this city.
District 1 is the central point for trade, culture, and tourism is high in demand with the most expensive serviced apartments in the city. Then the serviced apartments of the other districts, especially of District 3, are cheaper and smaller in terms of living experience. Also, in general, a serviced apartment is slightly cheaper than a hotel room when staying for a longer period of time, because the person who will be staying here will not always have to buy foods from outside or go to restaurants to have his/her meal since he/she can cook for him/herself in its kitchen. Always buying food from outside adds on more expense to your budget more so when you are staying in a foreign country for a longer period of time.
Besides, such an apartment normally bears a resemblance to the culture of the specific area where it is located. The designs of the apartments are made keeping local culture in mind so that the person living here does not get bored and has some cultural touch. As a result, the visitors staying here can perceive a different ambience in a serviced apartment, which can never be perceived from a hotel room. The hotel rooms for most parts look similar.
So, after buying a serviced apartment for commercial purposes, you will be benefited with profits by renting them to the tourists who want to stay here, whether for short-term or long-term.
So is a serviced apartment what you have been looking for? Even if the property is not bought for business purposes, you will still be benefitted while living comfortably with the amenities that anyone desires for.
If you are interested, drop us a name and a member of our team will be in touch to assist.
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