Investors now expect a second house on the edge of the city to not only bring a balance to life in a trendy style, but also have liquidity and generate cash flows.

Have not seen the peace yet, Mr. Can has had a headache when considering buying a piece of land along Hanoi to build a holiday home. Buying is not difficult because there are many plots of land being offered for sale, in which, he targets a piece of nearly 9,000 square meters in Ba Vi. He envisioned an American country-style villa, with a swimming pool overlooking the rice fields, and far away, the majestic Ba Vi mountain. Mesmerized because the land has a beautiful view, but he hesitated about what to do with this land. If building a house just to rest, it is only a couple of times a month, most of the time is empty, so we have to hire a caregiver. If you rent a homestay, you have a headache to find a guest, if you build a bigger hotel, you must calculate a business plan.

Heavy burden of the garden house

Not only Mr. Can, many people in Hanoi are now hesitant to buy land to build garden houses. The demand is still great, but the experience of the predecessors shows that buying land separately to build a garden house is not as idle as everyone thinks, but on the contrary, it can be a burden. Mr. Can said, a friend bought a few hectares of land in Luong Son, Hoa Binh province, and built a magnificent villa. Initially, the family was very excited, sometimes at weekends they would come to rest. But gradually, staying in one place was also boring, without someone taking care of it carefully, so the villa quickly deteriorated, the garden allowed grass to grow. It is also difficult to resell now because it is not easy to find people with the same “taste”.

Mr. Nguyen Thanh Trung, Director of Suburban Resort Development Joint Stock Company, commented that the demand for buying a vacation home in Hanoi is increasing, but there has been a change. After the boom from the 2000s, only a handful of owners still use peri-urban garden houses but infrequently, some renovate and enter the homestay market and some are barely use. The model of buying retail land to build a second house has the advantage of being quite cheap land, built in the owner’s own style. However, the disadvantage is that the homeowner costs to maintain the house and when it is necessary to sell, it is difficult to sell because each house is the product of the owner and can only be sold to someone with the same “taste”.

According to Mr. Trung’s observation, if before, the second house on the outskirts was simply a place to go to the weekend and also partly shows the level of the owner, nowadays, buyers require add high-end amenities such as amusement park, spa, restaurant. Besides, the second house must also be a profitable investment from the rental, but the owner does not have to headache with the business plan. It is difficult for individual garden houses to satisfy these requirements, so although the demand for a second home increased, especially during the Covid-19 epidemic, the market saw many plots. Peri-urban garden houses were offered for sale, instead of asking to buy.

According to Mr. Nguyen Tho Tuyen, Chairman of BHS Real Estate Joint Stock Company, the advantage of the model of buying land to build a holiday home is quite cheap, but the money invested in infrastructure and the house is very large. The house is also mainly used as a farm and gradually the owner is not up regularly nor rentable, so it becomes abandoned and has no added value. The current trend is to buy a house in a resort style project, which is well planned from infrastructure, utilities, and centralized entertainment areas to professional management and operation, so keeping the value of house, better rent ability.

New revolution in the suburbs

According to Mr. Trung, if he has bought a peri-urban resort, the buyer “should play to the dock” rather than floating in the model of farm houses, garden houses or mixed with residential areas. The reason given by Mr. Trung is that the amount of money spent on buying land individually and building a garden house is no less than buying a villa in a resort. Meanwhile, if buying a villa in a resort, the buyer can enjoy high-end amenities, the villa is both valuable jewelry and rental revenue without having to deal with business plan, and when the business is good, the value will increase. These are the advantages that make the resort villas become low-lying areas attracting investment cash flow in recent years. Meanwhile, buyers who want to do not have any option in the suburbs because there are no similar projects along the coast.

Recently, a new model appeared in Ba Vi (Hanoi) and Ky Son (Hoa Binh), which are clusters of several dozen villas built with synchronous architecture, with more public space and utility services. . In particular, there are clusters of villas like Ba Vi Lodge designed in a “small but luxurious” style, selling prices of houses and land only 1-2 billion VND. The landlord also does not have to take time and costs to maintain the house but instead, combined with the management unit for the rental business.

More professional and methodical than resort projects are planned, built and managed to operate according to international standards. Typically in Vinh Phuc, there is the Flamingo Dai Lai Resort project, where each villa is offered for sale for tens of billion dong, but still attracts customers. In Hoa Binh province, there are also well-planned resort real estate projects such as the Parahills resort project on the Hoa Binh lake bed with 135 villas and two hotel blocks built on the area 6,7ha.

In particular, Hoa Binh will appear resort real estate projects associated with famous international brands. In particular, Ngoai O Resort Development Joint Stock Company has signed a cooperation with the world-famous hotel management group Best Western to develop the Sakana Resort in Ky Son district according to the Best Western brand standard. Premier Collection. The appearance of an additional international hotel brand is a positive signal for the Hanoi suburban resort real estate market in the near future, after the entry of the Melia and Wyndham brands.

According to Nhip song kinh te