bet88 netBranded residences bursting with appeal

Branded residences will have more opportunities bet88 net space to develop in Vietnam in the future, speakers told the online talk show “Recognizing the trends bet88 net potential of branded residences” held by Vietnam Economic Times (VET) bet88 net VnEconomy on October 11.

The demand for branded residences in Vietnam appeared long before the pandemic, but when Covid-19 broke out the psychological changes bet88 net lifestyle changes unintentionally highlighted the values of the luxury real estate segment.

Branded residences can ensure a luxurious lifestyle virtually uninterrupted by social distancing, by providing the highest standard services bet88 net facilities right in an apartment. They also create trust bet88 net protect values by following high-end standards verified by global industry leaders, according to Mr. Gibran Bukhari, Head of Sales at Masterise Homes. The limited quantity in the segment also contributes to its value, he added.

Meanwhile, Dr. Le Xuan Nghia, a member of The National Financial bet88 net Monetary Policy Advisory Council bet88 net Director of the Institute of Business Studies bet88 net Development, believes that the branded residences segment in Vietnam is weak; not because people lack money but because their habits have not changed. Consumers have not experienced high-end projects while investors bet88 net providers are wary of not being able to immediately change consumer habits.

In Vietnam, at the moment, no branded residences projects have come into operation, so the supply is not yet available. However, the demand for luxury residences in the country will rise, as the rich bet88 net super-rich are growing in number by 36 per cent, according to Ms. Duong Thuy Dung, Senior Director of CBRE Vietnam.

To further develop this segment in Vietnam, project owners should choose real estate in the city center bet88 net add many other functions to each apartment. In the future, to attract more FDI, investors can consider other areas. “I think that in general with luxury real estate, there are some small challenges in the short term, but in the long term, it is mainly opportunities,” said Mr. Nghia.