THE MATRIX ONE – THE LATEST NEWCOMER TO HANOI’S HIGH-END REAL ESTATE MARKET

22/01/2020

Hanoi remains the top FDI destination in the country

Vietnam has usurped China as Japan’s second-largest software outsourcing partner, right behind India, and houses substantial research and development bases from the likes of IBM, Intel, Oracle, Samsung and Grab. By October 2019, total FDI was more than US$29.11 billion, up 4.3% YoY. In the 2019 eConomy SEA report by Google, Temasek, and Bain & Company, Vietnam was designated as the third-most funded country in Southeast Asia after Singapore and Indonesia.

According to a report by the Hanoi People’s Committee, Hanoi’s FDI in 2019 is projected to reach over US$8 billion thanks to strong investment promotion policies and an improved business environment. By October 2019, Hanoi has remained the top FDI destination with US$6.85 billion in commitments, accounting for 23.5% of total committed FDI nationwide year-to-date, outpacing the country’s financial hub, Ho Chi Minh City, which accounted for 17%. Newly registered FDI capital was dominated by manufacturing sector with a 37.2% share, while the real estate industry came in second with an 31.2% share. Japan was the largest contributor to Hanoi’s FDI inflows, followed by South Korea and Singapore.

With increasing attention from foreign investors, Hanoi real estate sector is becoming hotter than ever

Hanoi has been focusing on developing its infrastructure with new highways, subway systems and construction projects in progress or planned. Tightening credit for high-end real estate developments coupled with the scarcity of land plots in the center of Hanoi could lead to a shortage of supply in the luxury segment in the coming years. This will significantly affect the market because the demand for quality apartments and high-class services is increasing as people's quality of life and standards gradually improve and Hanoi’s foreign population continues to growth.

When Vietnam real estate opened up to foreign ownership in 2015, more and more foreign investors started to pay more attention to the property market in Hanoi. This phenomenon is bolstered by factors, such as improved infrastructure and transportation, and increased number of industrial zones, competitive selling prices with projected high returns and high-quality products, among others.

The city has been expanding towards the West, i.e. Cau Giay and Tu Liem District. Referred to as the new CBD, it has attracted foreign investors to real estate products, especially the My Dinh area. My Dinh is expected to become the new administrative area of Hanoi, as it has hosted the relocation of key state ministries and agencies. These relocations, concentration of grade-A offices, and the upcoming Formula 1 Grand Prix have made the area much more desirable and valuable. With significant improvements to the district’s transportation systems, My Dinh is easily accessible to the west, south and east areas of Hanoi, as well as the industrial zones via key roads such as Road 32, Pham Hung, Thang Long Avenue, Pham Van Dong, and Ring Road 3. Additionally, My Dinh is the most concentrated area for utility infrastructure in Hanoi with many health, education, social culture, high-quality entertainment and recreation areas. Therefore, My Dinh is now home to an emerging expatriate community, increasing real estate value in this area with an annual rental yield ranging from 7-8% and up to 25% capital gain within 5-year horizon.

The Matrix One - Urban resort in the heart of west Hanoi

The Matrix One is well-located on No. 1 Le Quang Dao Street (My Dinh Ward, Nam Tu Liem District), making it one of few properties with four frontages on major arterial roads, Me Tri, Chau Van Liem, Le Quang Dao and Thang Long Avenue. At the center of My Dinh, The Matrix One is adjacent to the upcoming Formula 1 circuit and the Ministry of Foreign Affairs. Only 5 to 10 minutes away from the upcoming Metro Line 03 (which will be operational in 2021), grade-A offices, National Convention Center, My Dinh Stadium, Cau Giay Park, international schools, hospitals and clinics, as well as major shopping destinations. Ring Road 3 and Thang Long Avenue bring you to Noi Bai International Airport in 30 minutes and provide an easy access to numerous industrial zones.

Conceived as a matrix of services and facilities built around one unique property, The Matrix One comprises of an iconic landmark tower, a 14-ha lake park with smart underground parking and an International School. Positioned with a work-play-live concept, The Matrix One features 41 cutting-edge amenities, including a co-working space, central square, zen gardens, fountain, four-season swimming pool, infinity pool, yoga, fitness and dance center, tennis court, football pitch, playgrounds, among others.

Designed by the well-known Austrian architecture firm, Baumschlager Eberle Architekten, The Matrix One has 740 intelligently configured apartments, which are beautifully appointed on 44 floors between 2 blocks of buildings and 6 fire evacuation rooms. All units are ensured one car parking slot and are equipped with floor-to-ceiling windows in bedrooms, fresh air system, drinkable tap water, a smart home system and three-layer security. A mix of modern elegance, inspirational architectural design with the highest international standards, The Matrix One offers a choice of three spacious unit types, ranging from two- to three-bedroom and dual-key apartments.

Hanoi’s shortage of supply in the luxury segment in the coming years makes The Matrix One one of Hanoi’s most valuable and desirable projects, especially for foreign investors. The Matrix One’s projected rental yield is around 7-8% per annum with longer leasing terms for the most demanding tenants.

INDOCHINA PROPERTIES – The Lead Foreign Agent for The Matrix One

Indochina Properties is Indochina Capital’s premier real estate brokerage, selling and marketing a diversified portfolio of luxury homes and investment properties across Vietnam. Indochina Properties has a network of co-brokers across the region and a multi-lingual team fluent in 8 languages and is the only agency in Vietnam to market in 18 countries.

Hotline: 090 2277 296

Email: info@indochina-properties.com

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+84 902 277 296
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danang@indochina-properties.com

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